11 days on rocket

Sale Pending

314 College Ave, Lancaster, PA, 17603

$340,000

Home List Price

$4,038*

Closing Credit

0 Baths
2,000 SqFt
$170/SqFt
Multi
Schools Nearby

Location

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314 College Ave, Lancaster$340,000

Buyer Closing Credits

$4,038*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingPaved Parking, Off Street
Year Built1925
HeatingHot Water, Forced Air
CoolingCentral Air
BasementYes
MLS #PALA2051174
Lot Size0.08 Acres
StatusSale Pending
(PENDING)

About 314 College Ave

Welcome to 314 College Ave, located in the sought-after College Hills neighborhood of Lancaster City. This multi-unit property presents an exceptional opportunity for both owner-occupants and investors alike. Situated just a stone's throw from Franklin & Marshall College, this property offers proximity to educational and cultural amenities, making it a prime location for rental demand. With 2 units on site, you have the flexibility to live in one unit while renting out the other—a fantastic option for those seeking to offset their mortgage or generate additional income. The property features 3 convenient off-street parking spaces at the rear, a valuable asset in this urban setting. There's also plenty of room for personalization and upgrades throughout, allowing you to add your own touches and potentially increase rental income. Enjoy the convenience of being mere blocks away from downtown Lancaster, where you'll find a wealth of shops, restaurants, theaters, and entertainment options. Plus, easy access to major highways ensures effortless travel to other areas within Lancaster County, Hershey, Harrisburg, and beyond. Don't miss out on this exciting opportunity to invest in Lancaster City's thriving real estate market. Schedule a showing of 314 College Ave today and discover the potential that awaits in this prime location!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1925
  • Living Area: 2,000 SqFt

Listing Office:

  • Office Name: Keller Williams Elite
  • Office Phone: (717) 553-2500
  • Listing Agent: Matthew Joseph Koch

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Hardwood, Carpet
  • Interior: Carpet, Wood Floors

Exterior Features

Exterior Information:

  • Exterior: Sidewalks, Street Lights

Parking Information:

  • Parking: Paved Parking, Off Street

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Hot Water, Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • J. P. McCaskey High School Campus, Public District Grades EE-12
  • Reynolds Middle School, Public District Grades 6-8
  • Wharton Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Head E on Route 30, Turn left onto the ramp to PA-23 W/E Walnut St, Turn left onto the ramp to PA-23 W/E Walnut St, Continue onto PA-23 W/E Walnut St, Turn right onto College Ave, Home is on the left.

Municipality:

  • Lancaster City

Price Information

Listing Price Info

Price Summary:

  • List Price: $340,000
  • Price Per SqFt: $170/SqFt

Tax Information:

  • Annual Amount: $4,818
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lancaster, PA.

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Lancaster, PA

City

Med. Sold Price

$310K

Med. Price/SqFt

$181

Avg. Days On Market

16

# of Sold Homes

85

314 College Ave vs Lancaster

11 DAYS ON ROCKET

-5 Days

$340,000

+$30K More

$170/SqFt

-$11 Less

KEY TAKEAWAY

This property is $30K more than the Median Sold Price and $11/SqFt less than other homes in Lancaster, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PALA2051174

Listing Office:

  • Office Name: Keller Williams Elite
  • Office Phone: (717) 553-2500
  • Listing Agent: Matthew Joseph Koch

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2024, 5:00:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 02, 2019Home Sold
$240,800

Tax History

YEARPROP. TAXASSESSMENT
2021$4,818$130,600
2020$4,764$130,600
2019$4,693$130,600
2018$5,468$130,600
2017$4,299$93,600

History based on county public records data.

Payment Calculator

$1,764

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,086

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4220573
4
/10

  • Wharton Elementary School

  • 705 N Mary St

  • 0.51 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4220574
5
/10

  • Reynolds Middle School

  • 605 W Walnut St

  • 0.13 miles

  • Public District Grades 6-8

High School

school-card-donut-4220575
3
/10

  • J. P. McCaskey High School Campus

  • 445 N Reservoir St

  • 1.66 miles

  • Public District Grades EE-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $59,135. Residents of Lancaster, PA typically earn between $35k-100k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Lancaster County›Lancaster›17603›314 College Ave

This home is located at 314 College Ave in Lancaster, PA and zip code 17603. This 2,000 square foot home, which was built in 1925, sits on a 0.08 acre lot. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $340,000.

In April 2024 more than 36 listings in Lancaster, PA were sold above the asking price. During the same period more than 26 listings were sold at asking price, while more than 23 were sold below. The inventory of homes for sale in Lancaster, PA between March 2024 and April 2024 decreased by 0.3%. In April 2024, listings were on the market for 16 days. During the same period, the median list price in this real estate market was $310,000.

From Rocket Homes Real Estate and based on county public records data.

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