This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$495,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
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.
Full Property Details
Full Property Details for 516 E Lancaster Ave
General
- Sold For: $495,000
- Taxes: $5,702 (2024)
- Status: Closed
- Type: Single Family
- Source: BrightMLSPhilly
- MLS ID: PACT2099918
- Added to Site: 265 day(s) ago
Interior
- Number of Rooms: 11
- Rooms/Areas: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Basement, Office, Efficiency (Additional), Commercial/Retail Space, Bathroom 1, Full Bath
- Interior Features: Attic, Bathroom - Tub Shower, Bathroom - Stall Shower, Breakfast Area, Carpet, Ceiling Fan(s), Floor Plan - Traditional, Formal/Separate Dining Room, Store/Office, Wood Floors, Efficiency, Other
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Mantel(s), Stone, Wood
- Appliances: Refrigerator, Dishwasher, Oven/Range - Electric
- Flooring: CeramicTile, Hardwood, Partially Carpeted, Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
- Upper Floor Baths: 1
- Upper - Full Baths: 1
- Main Floor Baths: 1
- Main - Full Baths: 1
- Lower Floor Baths: 1
- Lower - 1/2 Baths: 1
Bedrooms
- Total Bedrooms: 5
- Bedrooms Upper: 5
Exterior
- Exterior Features: Sidewalks, Street Lights, Exterior Lighting
- Porch/Patio/Deck: Porch, Deck
Parking
- Total Spaces: 8
- Parking Features: Paved Parking, Crushed Stone
- Parking Type: Parking Lot, Off Street
Location
- Area: Downingtown Boro (10311)
- Municipality: DOWNINGTOWN BORO
- County: CHESTER
- Subdivision: DOWNINGTOWN
- Cross Streets: Chestnut
- Driving Directions: From Rte. 100, exit Rte. 30 (Lancaster Ave) to Wagner Ave, make a left and then next right onto to Sycamore Alley. Parking in rear.
School Information
- School District: Downingtown Area
- Elementary School: East Ward
- Middle School: Lionville
- High School: Downingtown High School East Campus
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Hot Water, Baseboard - Electric
- Heating Fuel: Electric, Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Craftsman
- Structure Type: Detached
- Construction: Frame, Masonry
- Basement: Yes
- Basement Entrance: Yes
- Basement Desc.: Daylight, Full, Combination, Improved, Interior Access, Outside Entrance, Rear Entrance, Rough Bath Plumb, Side Entrance, Walkout Level, Other, Heated
- Foundation: Brick/Mortar, Stone
- Roof: Shingle
- Walls/Ceilings: Plaster Walls
- Windows: Replacement, Screens, Double Hung, Energy Efficient
- Doors: FrenchDoors
- Stories Description: Lower 1, Main, Upper 1
- Square Feet: 2,824
- Sq. Ft. Source: Assessor
- Living Area: 2,824 Sq. Ft.
- Finished Above Grnd: 2,124 Sq. Ft.
- Finished Below Grnd: 700 Sq. Ft.
- Year Built: 1924
- Year Built Source: Assessor
- Property Condition: Very Good
Unit Information
Unit 1
- Bathrooms-Lower: 1
Lot Features
- Property View: Garden/Lawn, Street
- Lot Size (Acres): 0.2
- Lot Size (Sq. Ft.): 8,700
- Lot Size Source: Assessor
- Zoning: R4
- Lot Description: Level, Front Yard
Financial Considerations
- Price Per Sq. Ft.: $233.05
- Assessment Year: 2025
- School Tax: $3,933
- City/TownTax: $1,107
- City/TownTax Freq: Annually
- County Tax: $661
- County Tax Freq: Annually
- Tax w/Assessment: $128,070
- Tax Amount: $5,702
- Tax Year: 2024
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 2824
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Washers and dryers
- Inclusions: Window AC units, kitchen refrigerator
- Lot Number: 45
Listed by Keller Williams Real Estate - West Chester, Andrea Napoli
Sold by 24-7 Real Estate, LLC, Katie Luu
Get Pre-Approved Today
Schools
Schools serving 516 E Lancaster Ave
School District:Downingtown Area School District
| Name | Grades | Distance |
|---|---|---|
East Ward El School 435 Washington Avenue, Downingtown, PA 19335 | K-5 | 0.1 mi |
Lionville Middle School 550 West Uwchlan Avenue, Exton, PA 19341 | 7-8 | 3.1 mi |
Downingtown High School East Campus 50 Devon Drive, Exton, PA 19341 | 9-12 | 2.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 516 E Lancaster Ave
Date
Details
Price
Change
Source
8/27/2025
Sold
$495,000
—
MLS
6/18/2025
Price Reduced
$495,000
-3.88%
MLS
6/05/2025
Listed
$515,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
516 E Lancaster Avenue, Downingtown, PA 19335 (MLS# PACT2099918) is a Single Family property that was sold at $495,000 on August 27, 2025. Want to learn more about 516 E Lancaster Avenue? Do you have questions about finding other Single Family real estate for sale in Downingtown? You can browse all Downingtown real estate or contact a Coldwell Banker agent to request more information.

