Three-Bedroom Residential
For Sale
$429,900
3291 SHELLERS BEND, State College, PA 16801
English Meadows condominium offering a three-bath layout with two en suite bedrooms.
Property Size2,732 SF
Days on Market9
Property Features for 3291 SHELLERS BEND
General Information
Standard status
Active
Size
2,732 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$5,160
Building Details
Building Size
2,732 SF
Year Built
1998
Listing Agency:
BHHS Home Edge Realty Group
(814) 280-1829
Listed By:
Henry Chiarkas · License #RM422915
(814) 280-1829
Source:
Nelsonrealtypa
Added: Jul 27
Changed: Aug 2
Last Checked: Aug 4 at 8:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Home Edge Realty Group
Investment Insights
Based on property information with market context.
This residential condominium in the English Meadows development includes 3 bedrooms and 3 full baths, with 2 bedrooms featuring en suite bathrooms. The home was built in 1998 and is positioned in a quieter section of the community.
The property is located in State College, with the surrounding development offering a residential setting while remaining minutes from the area’s amenities. The condominium’s three-bedroom configuration and multiple full bathrooms provide a clearly defined layout for residential occupancy.
The property is located in State College, with the surrounding development offering a residential setting while remaining minutes from the area’s amenities. The condominium’s three-bedroom configuration and multiple full bathrooms provide a clearly defined layout for residential occupancy.
Key Highlights
- 3‑bedroom condominium in the English Meadows development
- 3 full bathrooms, including 2 en suite baths
- Built in 1998
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.0k | $15.36 |
| − Vacancy | −$2.4k | −$0.89 |
| EGI | $39.5k | $14.47 |
| − OpEx | −$17.8k | −$6.51 |
| NOI | $21.7k | $7.96 |
2,732 SF · lease $15.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$310.6K
$271.8K – $362.4K
NOI $21,741 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$603.4K
$528.0K – $703.9K
NOI $42,236 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Explore this area
Business Placement
Demographics for 16801, PA
42,446
Population
19,242
Households
2.2
Avg Household Size
28
Median Age
67%
College-Educated
98%
High-School Grad
31.1 sq mi
ZIP Area
1,365
Density / Sq Mi
$62,821
Median Household Income
$27,598
Median Earnings
$1,221
Median Rent
$400,400
Median Home Value
Market
Properties on Market for Residential income properties in Centre County
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - English Meadows condominium offering a three-bath layout with two en suite bedrooms.
Where is this residential income property located?
The property is located at 3291 SHELLERS BEND State College, PA.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 3‑bedroom condominium in the English Meadows development; 3 full bathrooms, including 2 en suite baths; Built in 1998
