Centre County property record for 240 E Prospect Ave, State College, PA 16801
| Property Type | Apartments (5+ Units) |
|---|---|
| Details | 7,416 sqft · built 1928 |
| Lot Size | 0.53 acres (23,087 sqft) |
| Owner | Company Name on File |
| Last Sale | $1,200,000 (Oct 2011) |
| Tax Bill | $28,593 (2026) |
| Deeds & Mortgages | May 2018 Mortgage |
| Flood Zone | Zone X (minimal risk) |
| APN | 36-018-,054-,0000 |
| Primary APN | 36-018-,054-,0000 |
|---|
| Building Area | 7,416 sqft Total Area |
|---|
| Year Built | Built 1928 |
|---|---|
| Effective Year Built | Effective 1928 |
| Lot Area | 23,087 sqft (0.53 acres) |
| Street Address | 240 E PROSPECT AVE |
|---|---|
| City | STATE COLLEGE |
| State | PA |
| Zip | 16801-5348 |
| Property Category | Residential |
| Property Type | Residential > Multi-Unit > Apartments (5+ Units) |
| Jurisdiction | CENTRE PA |
| Township / Civil Division | STATE COLLEGE |
| Census Block Group | 2 |
| Census Block | 2015 |
| Census Tract | 12000 |
240 E Prospect Ave, a residential property, is owned by a company that bought it in October 2011.
Source: Centre County records, as of April 13, 2026
| Owner of Record | Company Name on File |
|---|---|
| Mailing Address | 8910 PURDUE RD, 730, INDIANAPOLIS, IN 46268-6102 |
| Owner Type | Company |
| Vesting | Company |
Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.
| Deed Names | Name on Deed |
|---|---|
| Last Sale | Oct 17, 2011 · Amount on File |
| Deed Sale | Oct 17, 2011 · Amount on File |
| Prior Sale | Jul 28, 1988 |
| Deed Book / Page | 2088 / 612 |
| Record Updated | Jun 8, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | CENTRE PA |
| Property Address | 240 E PROSPECT AVE, STATE COLLEGE, PA 16801-5348 |
| Transaction Type | Mortgage |
| Record Updated | Aug 29, 2022 |
| Name | Verified Name |
|---|
| Document Number | 02215/0665 |
|---|---|
| Date | May 14, 2018 |
| Book Page | 2215/0665 |
| Name | THE NATIONAL BANK OF INDIANAPOLIS |
|---|---|
| Type | Bank |
| Address | INDIANAPOLIS, IN 46204 |
| Type | Commercial Mortgage |
|---|---|
| Amount | Amount on Record |
The 2026 property tax bill for 240 E Prospect Ave was $28,593.
Source: Centre County assessment roll, as of April 13, 2026
| Type | Name |
|---|---|
| State | Pennsylvania |
| County | Centre County |
| Municipality | State College Borough |
| Unified School District | State College Area School District (KG - 12) |
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2026 | $28,593.00 | $333,720 Land $28,875 Building $304,845 | |
| 2025 | $667,440 Land $57,750 Building $609,690 | ||
| 2024 | $24,613.00 | $333,720 Land $28,875 Building $304,845 | |
| 1994 | $667,440 Land $57,750 Building $609,690 |
Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.
FEMA maps place 240 E Prospect Ave in Zone X, an area of minimal flood risk.
Source: FEMA National Flood Hazard Layer, effective August 1, 2022
| FEMA Flood Zone | Zone X minimal risk |
|---|---|
| Flood Insurance Requirement | Not required lenders may require it |
Values are read at the parcel center point; lenders make the official flood determination.
Wildfire risk around 240 E Prospect Ave is low, with less than a 0.01% annual chance of wildfire.
Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024
| Wildfire Risk | Low lower than 95% of the US · lower than 95% of Pennsylvania |
|---|---|
| Wildfire Likelihood | Under 0.01% annual chance |
| Exposure | Direct burnable vegetation |
Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.
Source: EPA Safe Drinking Water Information System, as of September 2026
| Water System | STATE COLLEGE BORO WATER AUTH serves 72,000 people · EPA ID PA4140096 |
|---|---|
| Water Source | Surface water |
| Last State Inspection | Nov 2022 |
| Lead | 4 ppb (2025) action level 15 ppb |
| Water Quality | None last 10 years |
|---|---|
| Treatment and Procedure | None last 10 years |
| Monitoring and Reporting | 23 last 3 years |
Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.
Source: FCC Broadband Data Collection, based on 423 locations within half a mile, as of December 31, 2025
| Provider | Max Down / Up (Mbps) |
|---|---|
| Xfinity Cable | 2,000 / 250 |
| Windstream Cable | 1,000 / 25 |
| Verizon Fixed Wireless | 300 / 20 |
| AT&T Fixed Wireless | 100 / 20 |
May also be available: Dojo Networks, T-Mobile, Upward Broadband.
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