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Sold for $490,000
  • $490,000

    240 University Rd, Lincoln University, PA 19352

    5beds
    2,870sqft
    Single Family Residence
    Built in 1800
    4.8 Acres Lot
    $-- Zestimate®
    $171/sqft
    $3,211 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $3,211/mo

    Zestimate® history
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    What's special

    Scenic pond viewsSubstantial stone residenceMature shade treesOil-fired heatElectric hot waterOpen lawn areas
    Historic Chester County Farmstead on 4.8 Acres. Believed to date back to the late 1700s or early 1800s, this unique property offers scenic pond views, a substantial detached garage/shop building, possible subdivision potential, and a rare chance to restore a piece of the region's agricultural heritage. Nestled in the heart of horse and farm country, the property combines historic character, open space, and a setting that is increasingly difficult to find. The home appears to have evolved over generations, beginning as a smaller farmhouse and later expanding into the substantial stone residence seen today. Evidence of its early origins remains throughout the property, including hand-hewn timber floor joists fashioned from whole logs, rough-cut lumber, and massive stone walls measuring over two feet in thickness. A covered well foundation remains visible in the basement, providing a fascinating glimpse into the property's long history. Offering approximately nine rooms, including five bedrooms and two full baths, the home is rich in character and architectural details that simply cannot be replicated in modern construction. Historic home enthusiasts will appreciate the opportunity to restore and preserve the property's original character while creating a truly special country residence. Outside, the property truly shines. Mature shade trees, open lawn areas, scenic pond views, and surrounding farmland create a peaceful backdrop that can be enjoyed throughout the seasons. While the parcel consists of approximately 4.8 acres, the neighboring farms and open countryside create the feeling of owning a much larger estate without the maintenance responsibilities that often accompany larger tracts of land. A substantial approximately 1,400-square-foot detached garage/shop building provides excellent space for vehicles, equipment, storage, hobbies, workshop use, or future projects. Significant improvements have already been completed, including a standing seam metal roof installed within the past four years and electrical service upgrades, providing an excellent foundation for future restoration efforts. The property may offer subdivision potential. Based upon current zoning requirements, the parcel appears large enough to support division into two lots, subject to buyer verification, soil evaluations, surveying, and all governmental approvals. While the home would benefit from updating and restoration, its historic character, acreage, pond views, detached garage, recent capital improvements, and remarkable setting create an exceptional foundation for the next steward of this unique property. Whether you are searching for a historic homestead, country retreat, restoration project, or simply a property with a story to tell, this remarkable farmstead presents a truly unique opportunity to own a piece of Southern Chester County history. Property is served by private well water, oil-fired heat, and electric hot water. Property is being sold in as-is condition. Buyers are encouraged to perform their own due diligence regarding the property's age, condition, systems, subdivision potential, and intended uses.

    Zillow last checked:

    Listing updated:

    Listed by:

    Charlie Graef 302-239-7924,

    RE/MAX Associates-Hockessin

    Bought with:

    Diane Runge, RS343213

    BHHS Fox & Roach-Chadds Ford

    Source: Bright MLS,MLS#: PACT2128682MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 1
    Basement
    • Area: 0
    Heating
    • Forced Air, Oil
    Cooling
    • None
    Appliances
    • Included: Electric Water Heater
    Features
    • Basement: Dirt Floor
    • Has fireplace: No
    Interior area
    • Total structure area: 2,870
    • Total interior livable area: 2,870 sqft
    • Finished area above ground: 2,870
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage Faces Front, Detached
    • Garage spaces: 3
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Porch
    • Pool features: None
    • Has view: Yes
    • View description: Pond
    • Has water view: Yes
    • Water view: Pond
    • Waterfront features: Pond
    Lot
    • Size: 4.8 Acres
    • Features: Open Lot, Rural
    Details
    • Additional structures: Above Grade, Below Grade, Outbuilding
    • Parcel number: 5707 0014.000E
    • Zoning: R1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Colonial,Traditional
    • Property subtype: Single Family Residence
    Materials
    • Stucco
    • Foundation: Stone
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1800

    Utilities & green energy

    • Electric: 100 Amp Service
    • Sewer: On Site Septic
    • Water: Well

    Community & HOA

    Community
    • Subdivision: None Available
    HOA
    • Has HOA: No
    Location
    • Region: Lincoln University
    • Municipality: UPPER OXFORD TWP

    Financial & listing details

    • Price per square foot: $171/sqft
    • Tax assessed value: $133,660
    • Annual tax amount: $4,814
    • Date on market: 6/20/2026
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Conventional,Cash
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    7/22/2026Sold$490,000-2%$171/sqft
    Source: Bright MLS #PACT2128682 Report a problem
    6/25/2026Pending sale$500,000$174/sqft
    Source: Bright MLS #PACT2128682 Report a problem
    6/20/2026Listed for sale$500,000+127.3%$174/sqft
    Source: Bright MLS #PACT2128682 Report a problem
    12/31/2019Sold$220,000-11.6%$77/sqft
    Source: Agent Provided Report a problem
    9/18/2019Listed for sale$249,000-25.4%$87/sqft
    Source: Patterson-Schwartz Real Estate #PACT489374 Report a problem
    4/20/2017Sold$334,000$116/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,697 +1.5%$133,660
    2024$5,615 +2.2%$133,660
    2023$5,495 +3.6%$133,660
    2022$5,305 +3.3%$133,660
    2021$5,133 +289.2%$133,660
    2020$1,319 -72.6%$133,660
    2019$4,814 $133,660
    2018$4,814 +9900.2%$133,660
    2017$48 -98.9%$133,660
    2016$4,207 $133,660
    2015$4,207 $133,660
    2014$4,207 $133,660
    2013-- $133,660
    2012-- $133,660
    2011-- $133,660
    2010-- $133,660
    2009-- $133,660
    2008-- $133,660
    2007-- $133,660
    2006-- $133,660
    2005-- $133,660
    2004-- $133,660
    2003-- $133,660
    2000-- $133,660
    Find assessor info on the county website

    Neighborhood: 19352

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Oxford Area

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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