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$495,000
43 Days On Site

516 E LANCASTER AVENUE
DOWNINGTOWN, PA 19335

For Sale|Single Family Residence|Active Under Contract
5
Beds
3
Total Baths
2
Full Baths
1
Partial Bath
2,824
SqFt
$175
/SqFt
1924
Built
Subdivision:
DOWNINGTOWN
County:
CHESTER
Listing courtesy of Keller Williams Real Estate - West Chester
Call Now: 717-298-8040
Is this the listing for you? We can help make it yours.
717-298-8040
516 E LANCASTER AVENUE516 E LANCASTER AVENUE516 E LANCASTER AVENUE516 E LANCASTER AVENUE
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Looking for that perfect combination of a character-filled home and a smart investment opportunity? Step into the charm and versatility of this Craftsman-style 2,800+ SF home, ideally located in the Downingtown Borough. Offering 5 spacious bedrooms and 2 full baths, this residence is rich with character and modern potential. A standout feature is the 700 SF lower level space with its own private entrance—perfect for a small business, in-law suite, or an efficiency 1-bed 1-bath rental. Enjoy special touches like the primary bedroom’s private deck, a cozy office with its own deck accessed through French doors, and a stunning wood-burning fireplace with stone surround and wood mantel. The walk-out basement offers generous storage and houses a current tenant running a small private laundry business—providing an option for continued rental income. The backyard includes eight off-street convenient parking spots and a stone-covered area that can be converted into a grassy yard if desired for outdoor enjoyment. Zoned R4, this property presents a wealth of possibilities—utilize the full square footage as a multi-unit rental, a combination of personal residence and investment space, or simply enjoy it as a unique and spacious single-family home. Just steps from the East Ward E1 elementary school and great shopping, minutes from Kerr Park, Struble Trail and Marsh Creek State Park, and the charm of Downingtown’s vibrant borough with restaurants, breweries and artisan shops. Easy access to major routes (30, 100 & 202), this home is also located within the highly rated Downingtown Area School District. A rare opportunity with flexibility, location, and charm—all in one. This is a must see - schedule your showing today.

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Listing Snapshot
Price 
$495,000
Days On Site 
43 Days
Bedrooms 
5
Inside Area (SqFt) 
2,824 sqft
Total Baths 
3
Full Baths 
2
Partial Baths 
1
Lot Size 
0.2 Acres
Year Built 
1924
MLS® Number 
PACT2099918
Status 
Active Under Contract
Property Tax 
$5,702
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
3 weeks agoStatus changed to Active Under Contract
3 weeks agoListing updated with changes from the MLS®
4 weeks agoPrice changed to $495,000
a month agoListing first seen on site
General Features
Acres 
0.2
Cross Street 
CHESTNUT
Foundation 
Brick/MortarStone
Parking 
Off StreetGravelPavedParking Lot
Parking Spaces 
8
Property Sub Type 
Single Family Residence
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
2124
SqFt Below 
700
SqFt Total 
2824
Stories 
Three Or More
Style 
Craftsman
Water Source 
Public
Zoning 
R4
Interior Features
Appliances 
Electric RangeElectric OvenElectric Water HeaterRefrigeratorDishwasher
Basement 
Cooling 
Ceiling Fan(s)Window Unit(s)Electric
Electric 
200+ Amp Service
Fireplace 
Yes
Fireplace Features 
Wood BurningStone
Fireplaces 
1
Flooring 
CarpetWoodCeramic TileHardwoodVinyl
Heating 
ElectricNatural GasHot WaterBaseboard
Interior 
Ceiling Fan(s)Other
Window Features 
Screens
Bathroom 1 
Bedroom 2 
Dimensions - 11 X 13
Bedroom 3 
Dimensions - 10 X 10
Bedroom 4 
Bedroom 5 
Commercial/Retail Space 
Dining Room 
Dimensions - 12 X 16Level - Main
Efficiency (Additional) 
Full Bath 
Level - Main
Kitchen 
Dimensions - 0 X 0Level - Main
Living Room 
Dimensions - 15 X 30Level - Main
Office 
Level - Main
Primary Bedroom 
Dimensions - 18 X 18
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Exterior Features
Construction Details 
Frame
Exterior 
Lighting
Lot Features 
LevelFront Yard
Patio And Porch 
PorchDeck
Pool Features 
None
Roof 
Shingle
View 
StreetGarden
Waterview 
StreetGarden
Windows/Doors 
Screens
Community Features
Community Features 
SidewalksStreet Lights
MLS Area 
Downingtown Boro (10311)
School District 
DOWNINGTOWN AREA
Schools
School District
DOWNINGTOWN AREA
Elementary School
EAST WARD
Middle School
LIONVILLE
High School
DOWNINGTOWN HIGH SCHOOL EAST CAMPUS
Listing courtesy of Keller Williams Real Estate - West Chester



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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