Schoolhouse Lane continues to satisfy the needs of discriminating townhome buyers in the Kennett Square Chester County PA area.
Located in Chester County just east of Kennett Square, Schoolhouse Lane is one of the newest townhome communities in the area. It is just moments off the Baltimore Pike/ Route 1 corridor providing instant access to Kennett Square and easy commutes into Wilmington south down the Kennett Pike/ Route 52, into West Chester along Route 202, into Chadds Ford and Media to the east along Route 1, and into much of the remaining Brandywine Valley. The Blue Route, I-95, and the Pennsylvania Turnpike are quickly accessible and afford easy travel throughout the greater area.
Schoolhouse Lane contains 90 beautiful townhomes. Their original sales information says it best: "Designed by the renowned architectural firm of McIntyre & Capron, and built by the award winning Bentley Homesteam, each townhome is a gorgeous example of innovative design blended with modern amenities and impeccable craftmanship, assuring you of a lasting investment". The townhomes were based on four different floorplans of approximately 2000 square feet each allowing for ample customization as built.
Original pricing started in the high $200K's and ranged well into the $300,0000 range with the models surpassing $400,000. Construction was completed between 2003 and 2006 with the bulk of the settlements occurring in 2004-2005. The average sold price actually peaked in 2006 when the models were sold. Since then the average sales price declined to $334,000 in 2007 with 6 sales, $333,000 in 2008 with 7 sales, and $304,000 in 2009 with 6 sales. There are also 3 homes currently on the market averaging $319,000 and 2 properties pending for $334,000.
Today, the community continues to satisfy its owners with its amenities, immediate access to the shopping and entertainment in the area, and the easy lifestyle the community affords. If you are looking in the area, be sure to include Schoolhouse Lane in your tour.
David Henke
Long & Foster Real Estate Inc - Newtown Square,PA/Bear, DE
Office: 610-353-1199/Direct: 610-359-3853/Cell: 610-618-0808
www.DelawareCountyPennsylvaniaHomes.com
