638 Chesterville Road Lincoln University, PA $ 1,099,000
638 Chesterville Road
$ 1,099,000
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638 Chesterville Road

Lincoln University, PA, 19352
$ 1,099,000
Bedrooms6 Baths0.0

Monthly Estimate*

$ 7,304

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Multi-Family Home for sale in Lincoln University, PA

for $1,099,000 with 6 bedrooms. This home was built in 1914 on a lot size of 7.9.

This Gentlemans Farm is a wonderful balance between country casual and serenity. The Traditional style home welcomes you with a spectacular vestibule and links this Circa 1914 home with 21st century conveniences. A place where you can have your own horses! Your own little piece of paradise! Look no further than 638 Chesterville Rd. From the moment you crest the hill driving up to the property you can put all your cares aside! There are many features for todays lifestyle including a newly finished gourmet kitchen with granite countertops and stainless steel appliances, the new cabinetry was professionally integrated with the original oak cabinetry, great sized rooms with plenty of natural sunlight and main bedroom suite with a huge walk-in closet and it is pre plumbed for a master bath, yet this home has kept the charm offering gorgeous hardwood floors, original chestnut trimmed oversized windows and a covered corner fireplace along with other ageless architectural details. An expansive wrap around porch overlooks a well-stocked pond and leads your eyes over the nature preserved lands next door. There is an original bank barn with tack room, hayloft and drive in ramp with a massive silo next to it. The large barn could potentially be used for many things including carriages or a car collection. The property is complete with two 2-bedroom and two 1-bedroom apartments. The rental income is staggering and the income can assist with the many projects you might want to do on the farm. Current rental Income is $63,000 and should be higher. Landlord hasn't raised rents in years. Ive been told that you can ride horseback all the way to Fairhill Fairgrounds from this property. The idyllic country setting is balanced with being minutes from shopping, schools, golf courses and an array of international equestrian events. If one still needs to travel, the proximity to major arteries allows it to be minutes to Wilmington Amtrak and under 45 minutes to Philadelphia airport. The almost 8 acres are within an area of similarly properties in the Cheshire Hunt country and an area celebrated for its extraordinary preservation accomplishments. Enjoy the country lifestyle at your own homestead! All the glorious sunsets only add to the charm of this wonderful property! NOTE: This property can be easily changed to a 4 unit to make it easier to get conforming financing.

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Multi-Family Contingent

Price

$ 1,099,000

Bedrooms

6

Property Type

Multi-Family

Taxes

$ 9,804

Style

Converted Dwelling,Colonial,Farmhouse/National Fol

Lot Size

7.9

Year Built

1914

Town/City

Lincoln University

County/Region

Chester

MLS | Web ID

PACT2051920

Features
Interior
Heating Fuel Oil Natural Gas Electric
Basement Full Unfinished Outside Entrance
Flooring Wood Fully Carpeted Vinyl
Total Fireplaces 1
Hot Water Natural Gas Electric
Furnished Units None
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N Y
Street Suffix ROAD
Central Air Y/N Y
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General
Sewer Private Septic Tank Gravity Sept Fld On Site Septic
Heating Heat Pump - Electric BackUp Summer/Winter Changeover
Cooling Central A/C
Utilities Cable TV Available
Possession Negotiable
Roof Slate Asphalt
Exterior Features Exterior Lighting Outbuilding(s)
Zoning LDR
Garage Spaces 4.00
Pool Y/N No Pool
Patio/Porch Features Wrap Around
Architectural Style Converted Dwelling Colonial Farmhouse/National Folk Federal Traditional
Construction Materials Wood Siding Brick
Exclusions Tenants Personal Property
Year Built 1914
Electric 200+ Amp Service
View Pond Scenic Vista Trees/Woods
Property SubType Other
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality FRANKLIN TWP
Gross Income 63000.00
Accessibility None
County CHESTER
New Construction N
Property Type Multi-Family
Garage Y/N Y
Water Access Y/N N
Other Structures Above Grade
Total Rooms 10
Status ACTIVE UNDER CONTRACT
Directions RT 896 South to Cheesterville Rd (RT 841)
City LINCOLN UNIVERSITY
Buyer Agent Compensation 2.5
Total Units 4
MLS Area Franklin Twp (10372)
Lot Size Square Feet 344124.00
Waterfront Y/N N
Number of Units Leased 4
Street Name CHESTERVILLE
Tax Annual Amount 9804.0
Home Warranty Y/N N
Property Condition Very Good
Two Bedroom 2
Structure Type Detached
Price Per Sq Ft 333.03
Acceptable Financing Cash Conventional
Rent Control Y/N N
Vacation Rental Y/N N
Days on Market 195
Location Type Pond
Lease Type Month to Month Yearly
Standard Status Active Under Contract
Year Built Source Estimated
Tax Lot 0029.0100
Total Actual Rent 63000.00
Buyer Agent Compensation Type % Of Gross
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Exterior
Parking Features Private
Lot Features Adjoins - Public Land Cleared Fishing Available Partly Wooded Pond Rural
Water Source Well-Shared
Garage Features Oversized
Type of Parking Driveway Detached Garage Other
Foundation Details Permanent
Water View Y/N Y
Lot Size Acres 7.90
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 69690.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 638
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* Excluded Features
List By
Springer Realty Group

Broker

georgeplumley@springerrealtygroup.com

Email

Affordability Calculator

$8,121
Per Month
90%
10%
0%
Monthly Principal & Interest
$7,304
Monthly Property Taxes
$817
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2234999 Elementary School
2235000 Middle School
Avon Grove High School High School
Pricing History
DatePricePrice ChangeDescription
1/8/2024$1,099,000 -5.99% Price Down
9/1/2023$1,169,000 Listed Price

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638 Chesterville Road, Lincoln University, PA, 19352 is a Multi-Family Home for sale at $1,099,000 with a lot size of 7.9. 638 Chesterville Road has 6 bedrooms, 0.0 baths, and was built in 1914. The property's zip code is 19352 which is in Lincoln University, PA