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Residential Development Lot

423 FARMHILL DRIVE, State College, PA 16801

For Sale
$185,000

Residential lot within a new home development with restrictive covenants and approved builders only.

Property SizeContact for details
Lot Size0.69 Acres
Days on Market1846

Property Features for 423 FARMHILL DRIVE

General Information

Standard status Active
Lot size 0.69 Acres
Property subtype Land

Amenities

park
Listing Agency: Kissinger, Bigatel & Brower
Listed By: Mindy Sabol · License PA RS225894L
Source: Nelsonrealtypa
Added: Oct 22, 2021 Changed: Nov 5 Last Checked: Nov 8 at 2:39PM

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 Kissinger, Bigatel & Brower

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Investment Insights

Based on property information with market context.

This for-sale residential lot is part of a new home development on a rolling hill with views. The community includes a 4.79-acre park in the center of the development that is planned to be landscaped and maintained as a neighborhood retreat. Lot sizes range from 0.41 to 0.80 acres, and Restrictive Covenants apply to the lots.

An annual HOA of $200 is noted for common area maintenance and insurance. The development is also listed as approved builders only, indicating restrictions on who may build within the community. One specific lot is identified as Lot 23 at 0.69 acres.

Key Highlights

  • Residential lot in a new home development on a rolling hill with lovely views
  • Lot size listed as 0.69 acres (Lot 23)
  • Development includes a 4.79‑acre park in the center, planned to be landscaped

Property Analytics

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Suggested Use

Top Pick Real Estate Agency HVAC Service Storage Facility (Bike/Boat/Book/etc) Store Locksmith Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

193
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Residential lot within a new home development with restrictive covenants and approved builders only.
Where is this residential land & home lot located?
The property is located at 423 FARMHILL DRIVE State College, PA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Residential lot in a new home development on a rolling hill with lovely views; Lot size listed as 0.69 acres (Lot 23); Development includes a 4.79‑acre park in the center, planned to be landscaped
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