2540 Falling Spring Road

Chambersburg, PA 17202

$795,000
Price
Beds
6,500 Sq. Ft.
$122 / Sq. Ft.
6,500
Sq. Ft.
$122
per Sq. Ft.

Description

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...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!
  1. Listed by James Franklin Penny III • RE/MAX 1st Advantage
    P: (717)-979-4199 jim.penny73@gmail.com
  2. Listed by Cuong Dang • RE/MAX 1st Advantage
    P: (717)-319-0236 cuongcdang@gmail.com

Property Details for 2540 Falling Spring Road

Tax ID Number
10-D09-69
Ownership
Fee Simple
Structure Type
Other
Style
Other, Cabin/Lodge
Waterfront
No
Views
Creek/Stream, Panoramic, Scenic Vista, Trees/Woods
Garage
Yes
Expected On Market Date
06-18-2024
LISTING UPDATED: 10/18/2024 09:39 AM

Property Details for 2540 Falling Spring Road

StatusActive
MLS #PAFL2020848
Days on Market158
Taxes$11,182 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1985
Lot Size4.36 AC / 189,921 SF
CountyFranklin County

Building Information for 2540 Falling Spring Road

Stories-Residences3Year Built1985Building Size-Lot Size4.36 AC / 189,921 SF

Property Information for 2540 Falling Spring Road

Location
Location
  • School District Name: CHAMBERSBURG AREA
  • School District County ID: 300200396543
  • SchoolDistrictSource: 3rd Party
  • Middle Or Junior School: FAUST JUNIOR HIGH SCHOOL (FRANKLIN PA)
  • MiddleSchoolSource: 3rd Party
  • High School: CHAMBERSBURG AREA SENIOR (FRANKLIN PA)
  • HighSchoolSource: 3rd Party
  • County: FRANKLIN
  • MLS Area: Guilford Twp (14510)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: Yes
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $70,860
  • Zoning: RESIDENTIAL
  • Zoning Dscrp: Residential - (R-1) - Low-Density Residential Zoning District
  • Automatically Update Tax Values Y/N: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 9
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 0
  • Units Furnished: All
Building Info
Building Info
  • Building Level Count: 3
  • Building Units Total: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Features: Irregular, Stream/Creek, Partly Wooded
  • Location Type: Spring
Parking
Parking
  • Type Of Parking: Driveway, Detached Garage, Off Street, Parking Lot
  • Num of Detached Garage Spaces: 16
  • Driveway - # of Spaces: 8
  • Total Garage Spaces: 16
  • Parking Lot - # of Spaces: 42
  • Parking Features: Paved Driveway, Heated
  • Garage Features: Garage Door Opener, Additional Storage Area
Interior Features
Interior Features
  • Interior Features: Attic, Breakfast Area, Dining Area, Kitchen - Country, Exposed Beams
  • Fireplace: Yes
Exterior Features
Exterior Features
  • Exterior Features: Outbuilding(s), Tennis Court(s)
  • Outdoor Living Structures: Patio(s), Deck(s), Balcony
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Electric, Instant Hot Water, Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 100 Amp Service, 200+ Amp Service
  • Internet Services: Fixed Wireless
Confidential Data
Listing Office
  • List Agent AOR: Greater Harrisburg Association of REALTORS

Property History for 2540 Falling Spring Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2540 Falling Spring Road

Taxable ValueLand$8,720Additions$62,140Total$70,860
Tax Record2024$11,182 ($932 / month)
Home Facts
Total Finished SqFt6,080 SqFtAbove Grade Finished SqFt6,080 SqFtStories2Lot Size189,922 SqFtStyleMulti-Family Res (5+ Units)Year Built1985CountyFRANKLINAPN10-D9-69

Schools near 2540 Falling Spring Road

This home is within Chambersburg Area School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Guilford Hills El School
PublicK to 5

Chambersburg Area Ms - North
Public6 to 8

Chambersburg Area Senior High School
Public9 to 12

Falling Spring El School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2540 Falling Spring Road is a multi-family home for sale in Chambersburg, PA 17202. This property was listed for sale on June 18, 2024 by RE/MAX 1st Advantage, it's currently listed at $795,000. This listing's school district is Chambersburg Area School District. Nearby schools include Guilford Hills El School, Chambersburg Area Ms - North and Chambersburg Area Senior High School. 2540 Falling Spring Road is a 0-bed, 0-bath, 6,500 sqft multi-family home built in 1985.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX 1st Advantage

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.