5 months on rocket

2540 Falling Spring Rd, Chambersburg, PA, 17202

$795,000

Home List Price

$9,441*

Closing Credit

11 Bedrooms
6 Full Baths
6,500 SqFt
$122/SqFt
House

Location

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2540 Falling Spring Rd, Chambersburg$795,000

Buyer Closing Credits

$9,441*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingGarage Door Opener, Additional Storage Area, Paved Driveway, Heated, Driveway, Detached Garage, Off Street, Parking Lot
Garage16 spaces
Year Built1985
HeatingForced Air
CoolingCentral Air
BasementYes
FireplaceNon-Functioning
ViewCreek/Stream, Panoramic, Trees/Woods
MLS #PAFL2020816
Lot Size4.36 Acres
StatusActive
(ACTIVE)

About 2540 Falling Spring Rd

Welcome to the Falling Spring Bed and Breakfast Lodging House, a unique property that offers the perspective owner a great opportunity for substantial, additional income! Seller financing will be considered for qualified buyers. Well known in the area, Falling Spring once hosted former Presidents Jimmy Carter and Bill Clinton, who visited the area to fly fish on the spring bearing the same name. Lovingly maintained and renovated by its current owner since he acquired it in 2017, the main building boasts numerous improvements including new luxury vinyl plank flooring throughout, electrical wiring updated to meet L&I Code, all new plumbing, new light fixtures, updated bathrooms, two new A/C systems, and two new heat pumps. An on-site manager, who is responsible for cleaning and serving a continental breakfast daily, is willing to stay on with the new owner. The building also has 11 rentable rooms (one currently occupied by the manager), a pair of coin-operated laundry machines, and offers the potential for over $100,000 in net annual income assuming full occupancy. Want more space? There is a Cape Cod style storage building on the property, that could easily be finished, as well as a large garage building featuring an office area, a half bath, three new doors, and a new breaker box. Big enough to accomodate several large vehicles or a car collection, this garage could easily be leased out to provide even more rental income. Thinking of hosting events? The large parking lot, which runs parallel to Park Terrace Drive, provides more than 40 spaces to acoomodate your guests! Also, the blacktopped area to the right of the rear courtyard provides an ideal space for a tent to host outdoor events in the spring and summer months. Don't miss out on this great business opportunity! Bring offers to this motivated seller!

Property Details

Property Features

Property Information:

  • Architectural Style: Other, Cabin/Lodge
  • Year Built: 1985
  • Stories: 2
  • Living Area: 6,500 SqFt

Listing Office:

  • Office Name: RE/MAX 1st Advantage
  • Office Phone: (717) 591-5555
  • Listing Agent: James Franklin Penny III

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Luxury Vinyl Plank
  • Interior: Attic, Breakfast Area, Dining Area, Kitchen - Country, Exposed Beams
  • Fireplace: Non-Functioning

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 11

Exterior Features

Exterior Information:

  • View: Creek/Stream, Panoramic, Trees/Woods
  • Exterior: Outbuilding(s), Tennis Court(s)

Parking Information:

  • Garage Space: 16 spaces
  • Parking: Garage Door Opener, Additional Storage Area, Paved Driveway, Heated, Driveway, Detached Garage, Off Street, Parking Lot

Lot Features

Lot Information:

  • Lot: Irregular Lot, Stream/Creek, Wooded
  • Lot Size: 4.36 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Downtown Chambersburg, drive east on US-30 (Lincoln Way East) for 1.7 miles, turn right at the Hoss's and KFC onto Falling Spring Road, and continue for 2.8 miles. Then, turn right to stay on Falling Spring Road and continue to your destination, The Falling Spring Bed and Breakfast Lodging House, which will be 381 feet on your right.

Municipality:

  • Guilford Twp

Price Information

Listing Price Info

Price Summary:

  • List Price: $795,000
  • Price Per SqFt: $122/SqFt

Tax Information:

  • Annual Amount: $10,582
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Chambersburg, PA.

Med. Sold Price

$270K

Med. Price/SqFt

$155

Avg. Days On Market

22

# of Sold Homes

46

2540 Falling Spring Rd vs Chambersburg

167 DAYS ON ROCKET

+145 Days

$795,000

+$524.9K More

$122/SqFt

-$34 Less

KEY TAKEAWAY

This property is $524.9K more than the Median Sold Price and $34/SqFt less than other homes in Chambersburg, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAFL2020816

Listing Office:

  • Office Name: RE/MAX 1st Advantage
  • Office Phone: (717) 591-5555
  • Listing Agent: James Franklin Penny III

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/30/2024, 12:21:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$10,582$70,860
2020$10,304$70,860
2019$9,906$70,860
2018$11,079$82,320
2017$10,704$82,320

History based on county public records data.

Payment Calculator

$4,035

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,450

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2166946
8
/10
  • Guilford Hills Elementary School

  • 2105 Lincoln Way E

  • 1.41 miles

  • Public District Grades KG-5

school-card-donut-2166947
7
/10
  • Falling Spring Elementary School

  • 1006 Falling Spring Rd

  • 1.53 miles

  • Public District Grades KG-5

school-card-donut-2166948
6
/10
  • New Franklin Elementary School

  • 3584 Wayne Rd

  • 2.57 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $64,978. Most Chambersburg, PA residents have annual incomes between $35k-100k. Typical family type is married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Chambersburg, PA

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Chambersburg, PA?

Chambersburg offers a diverse array of housing options, with single-family homes being a significant part of the market. The architectural styles in the area range from historic colonial to more contemporary designs, reflecting the town's rich history and modern growth. The housing market is balanced with a mix of older homes dating back to the early 20th century and newer constructions that cater to modern living preferences.

Is Chambersburg, PA a good place to live?

Chambersburg is celebrated for its historical significance and community spirit. The town prides itself on its well-preserved historical sites and the annual festivals that commemorate its heritage. The local ambiance is one of small-town charm combined with the conveniences of a larger community, offering residents a comfortable and engaging lifestyle.

Are things conveniently located in Chambersburg, PA?

The community is served by a number of public schools, ensuring educational opportunities for children of all ages. Healthcare is accessible through local clinics and a regional hospital that provides a range of services from emergency care to specialized treatments. Chambersburg also features a public library system and a variety of retail and dining options that showcase the local culture and cuisine.

What does the transportation in Chambersburg, PA look like?

Transportation in Chambersburg includes a network of local and regional bus services that connect residents to key areas within the town and beyond. The community is also served by major highways, facilitating travel and commuting to nearby cities. While specific ride-sharing services are available, the town also supports walkability in its downtown area, with efforts to improve pedestrian access and safety.

Frequently Asked Questions About 2540 Falling Spring Rd

What is the listing price of this property?

The listing price of 2540 Falling Spring Rd property is $795,000.

What type of property is this?

The property 2540 Falling Spring Rd is a house located in Chambersburg, Pennsylvania, 17202.

Is this property for sale now?

Active Listing: 2540 Falling Spring Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $10,582 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 2540 Falling Spring Rd has 11 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 2540 Falling Spring Rd is 6,500 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2540 Falling Spring Rd is 1985.

Rocket Homes›Pennsylvania›Franklin County›Chambersburg›17202›2540 Falling Spring Rd

This home is located at 2540 Falling Spring Rd in Chambersburg, PA and zip code 17202. This 6,500 square foot home, which was built in 1985, sits on a 4.36 acre lot. Features: 11 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since July 16, 2024 and is currently priced at $795,000.

In November 2024, from all listings sold in Chambersburg, PA there were more than 15 sold above asking price, over 15 sold below and more than 16 were sold right at the asked price. The number of listings in Chambersburg, PA decreased by 10.6% between October 2024 and November 2024. Listings spent 22 days on the market in November 2024, and had a median list price of $270,025 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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