116 Wallace Ave, Downingtown, PA 19335 Property Records

Chester County property record for 116 Wallace Ave, Downingtown, PA 19335 · Last verified June 2026

Property Summary

Property Type	Regional Shopping Center, Mall
Details	16,265 sqft · built 1989
Lot Size	1.8 acres (78,408 sqft)
Owner	2 Individual Names on File
Last Sale	$1,925,000 (Feb 2004)
Tax Bill	$5,959 (2026)
Deeds & Mortgages	Jun 2019 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`11-4-3.1`

Property Details

APN / Parcel Number

Primary APN	`11-4-3.1`
Alternative APNs	`1104 00030100` `1104 000301`

Interior

Building Area	16,265 sqft Total Area
Gross Area	11,172 sqft

Exterior

Year Built	Built 1989
Effective Year Built	Effective 1989
Lot Area	78,408 sqft
View / Lot	Central Business
Total Buildings	2 Buildings

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Heat Pump
Sewer	Municipal
Water Source	Commercial

Location & Zoning

Street Address	116 WALLACE AVE
City	DOWNINGTOWN
State	PA
Zip	19335-2641
Property Category	Commercial
Property Type	Commercial > Retail > Regional Shopping Center, Mall
Legal Description	1.8 AC & SHOPPING CENTER
Jurisdiction	CHESTER PA
Township / Civil Division	DOWNINGTOWN
Census Block Group	1
Census Block	1015
Census Tract	304101

Owner

Source: Chester County records · APN 11-4-3.1

Assessment roll updated May 28, 2026 · Last verified June 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	2 Individual Names on File
Mailing Address	24 OAK HOLLOW RD, WEST CHESTER, PA 19382
Owner Type	Individual

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	2 Verified Names on Deed
Last Sale	Feb 24, 2004 · Amount on Record
Deed Sale	Feb 24, 2004 · Amount on Record
Prior Sale	Aug 07, 1995 · Amount on Record
Deed Document Number	200410382742
Deed Book / Page	6073 / 1320
Last Transfer Date	Jun 06, 2012
Transfer Doc	0084462290
Record Updated	Sep 20, 2026

June 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CHESTER PA
Property Address	100 WALLACE AVE, DOWNINGTOWN, PA 19335-2641
Document Number	0100061209
Instrument Date	Jun 11, 2019
Transaction Type	Mortgage
Record Updated	Oct 14, 2019
Title Company	ATTORNEY ONLY

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0100061209
Date	Sep 24, 2019
Book Page	010006/001209
Instrument	11689876

Lender

Name	MICHAEL E VASILIADES
Address	24 OAK TREE HOLLOW RD, WEST CHESTER, PA 19382-8341

Agreement

Amount	Amount Recorded

Interest

Rate	3%

Tax Assessment & Valuation

Source: Chester County records · Assessment roll updated May 28, 2026 · Last verified June 2026

Property Jurisdictions

Type	Name
State	Pennsylvania
County	Chester County
Municipality	Downingtown Borough
Unified School District	Downingtown Area School District (KG - 12)

Tax Bill & Assessment History

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$5,959.00 (-89.05%)	$1,303,370 (-) Land $397,840 Building $905,530	$1,378,830 (-) Land $397,840 Building $980,990
2025		$1,303,370 (-) Land $397,840 Building $905,530	$1,378,830 (-) Land $397,840 Building $980,990
2024	$54,427.00	$1,303,370 Land $397,840 Building $905,530
1998			$1,378,830 Land $397,840 Building $980,990

Flood & Wildfire

Source: FEMA National Flood Hazard Layer, Chester County (42029C), updated October 2, 2026 · FEMA OpenFEMA NFIP redacted claims and policies, census block group 420293041011, refreshed September 2026 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified October 2026

Flood

FEMA Flood Zone	Zone X
Special Flood Hazard Area	No
Flood Hazard	Minimal
500-Year Floodplain	No
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Cost	Premium on Record median of 7 individual NFIP policies nearby
Nearby Flood Policies	7 in force 3 of 7 on primary residences
Nearby Flood Claims	9 (1983–2021)
Claims Outside the SFHA	4 of 9
Most Recent Claim	Sep 2021, rainfall accumulation, Remnants Of Hurricane Ida
Flood Events	Remnants Of Hurricane Ida (Sep 2021), 4 claims

Wildfire

Wildfire Risk	Not rated no burnable land in reach
Wildfire Likelihood	Negligible
Exposure	None beyond ember reach

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.