335 E Lancaster Ave #E-5 Downingtown, PA 19335

Carefree in Downingtown Borough! Stop renting and start building equity in this completely renovated 1-bedroom, 1-bathroom condo at Downingtown Commons. Move-in ready with a sleek, modernized layout, this home offers the ultimate low-maintenance lifestyle right in the vibrant heart of the borough. Unbeatable Amenities & Predictable Costs: You'll love the convenience of owning in a community that features a relaxing outdoor courtyard & pool for the warmer months. Even better, you can say goodbye to unpredictable utility bills! The comprehensive association fee covers almost everything, including: HEAT, WATER, SEWER, TRASH, the use of the pool, common area maintenance, building exterior, landscaping, and snow removal. Smart Space & Storage: Maximize your 722 square feet of living space by taking advantage of the building's lower level, which features easily accessible basement laundry room facilities & shared storage space to keep your home completely clutter-free. A Prime, Walkable Location: Leave the car parked and enjoy the best of the borough. You are just steps away from local dining, shopping, breweries, Kerr Park, and the scenic Struble Trail. Plus, enjoy exceptional access to Route 30 and the Downingtown Train Station for an effortless commute. First-Time Homebuyer Financial Assistance: This property is being sold in conjunction with the Housing Partnership of Chester County's First Time Homebuyer Program, which provides eligible buyers with interest-free financing to assist with down payment and closing costs. The assistance is structured as a second mortgage lien that requires no monthly payments and is only repaid when the home is eventually sold, transferred, or refinanced. To qualify for this purchase opportunity, buyers must be first-time homebuyers (having not owned a home in the past three years) and must intend to occupy the property as their primary residence. Applicants are required to complete a free HPCC homebuying seminar, secure a 30-year fixed-rate mortgage from a local lender, and meet specific financial criteria. These criteria include falling within the program's gross household income limits, making a minimum personal cash contribution toward the purchase, and keeping post-closing liquid assets below the program's specified maximum.