$799,000
501 Falcon Dr, Kennett Square, PA 19348
Listed by Compass
A ONE-OF-A-KIND 7-BEDROOM ESTATE WITH SPACE FOR EVERY GENERATION What if everyone could have their own space—while still being together under one roof? Set on 2.7 beautiful wooded acres in Landenberg, this extraordinary 5,895-square-foot property offers a rare opportunity for multi-generational living, extended family, guests, au pair accommodations, or simply an abundance of flexible space for the way you live today. The main living area offers 3 bedrooms and 3.5 bathrooms and is filled with character and warmth. An impressive open-concept design features soaring vaulted ceilings, massive hand-hewn barn beams, and a beautiful stone fireplace. The approximately 1,000-square-foot primary loft is a standout feature, offering a spacious private retreat with two decks overlooking the surrounding property. Downstairs, the walk-out lower level adds an entirely different level of flexibility. Two separate 2-bedroom, 1-bathroom living spaces each include a kitchenette and their own entrance to the yard. Whether used for in-laws, adult children, guests, an au pair, or private office/living space, these areas allow family members to have independence while remaining close. Outside, enjoy a private wooded setting complete with an in-ground pool and plenty of room to relax and entertain. The detached 4-car garage offers incredible versatility, with a brand-new roof and approximately 850 square feet of finished space above—ideal for a home office, studio, recreation space, gym, or creative workspace. This is not a typical home—and that’s exactly what makes it so special. If you’ve been searching for a property that can accommodate a large or extended family, provide multiple independent living spaces, and offer room to grow, this one deserves a closer look. Conveniently located near the University of Delaware, Amtrak, I-95, and Christiana Hospital, you’ll enjoy the privacy of a wooded estate without sacrificing accessibility.
How the bedrooms and baths are distributed across the floors, as reported by the listing agent.
| Date | Event | Price |
|---|---|---|
| Sep 28, 2026 | Price reduced | $789,900 |
| — | Price reduced | $799,900 |
| Jul 30, 2026 | Listed for sale | $879,900 |
Price changes are tracked from when NookLocal first indexed this listing; earlier history may not appear. Tax & assessment details are in the section below.
Estimated value
$833,000
Automated estimate, not an appraisal. Sale records through July 2026.
Based on 10 comparable sales nearby, the Chester County assessment ratio, weighted toward the current asking price.
| Address | Closed | Sale price | Bd/Ba | Sqft | Adjusted value |
|---|---|---|---|---|---|
| 120 PAU NEL DR, LANDENBERG, PA 19350 | June 2025 | $1,250,000 | 6/4 | 5,528 | $1,633,311 |
| 507 KELLEHER DR, LANDENBERG, PA 19350 | May 2026 | $841,000 | 5/4 | 4,982 | $1,163,555 |
| 503 KELLEHER DR, LANDENBERG, PA 19350 | April 2025 | $850,000 | 5/4 | 6,448 | $995,981 |
| 134 PORTMARNOCK DR, AVONDALE, PA 19311 | July 2026 | $850,000 | 5/4 | 5,566 | $1,110,809 |
| 165 HARROGATE DR, LANDENBERG, PA 19350 | August 2025 | $925,000 | 5/4 | 5,194 | $1,297,936 |
| 501 KELLEHER DR, LANDENBERG, PA 19350 | January 2025 | $709,000 | 4/4 | 5,335 | $1,011,153 |
| Date | Event | Price |
|---|---|---|
| November 2017 | Sold | $215,000 |
From closed MLS and county deed records. Earlier transactions may exist.
Estimated at current rates
$5,012 / year
≈ $418 per month
MLS shows (2026)
$5,152
-2.7% at current rates
School tax
KENNETT CONSOLIDATED · 34.99 mills (2025-26)
$4,039
County tax
Chester County · 5.16 mills (2026)
$596
Municipal tax
As recorded for 2026, varies by municipality
$377
Recomputed from the county assessment ($115,430, 1998 base year) × current millage. School millage is from the latest year certified by the Pennsylvania Department of Education (2025-26); districts adopt the next year's budgets each June, and we update when the state certifies the statewide file in the fall. Portals typically reprint the recorded 2026 bill. Pennsylvania does not reassess on sale. Estimate only. Verify with Chester County before relying on it. Learn more: PA property tax calculator · Common Level Ratio by county.
Loan term
Estimated monthly payment
$4,613/mo
Taxes use NookLocal's estimate at current millage rates, not the stale figure on the MLS. The default rate is the average 30-year rate as of July 2026; insurance is estimated at 0.35% of the price per year. Below 20% down, lenders usually add mortgage insurance, which this estimate doesn't include. Estimate only; verify before relying on it.
School district
Kennett Consolidated
2025 PA state assessments (PSSA / Keystone) and graduation data. The index measures student outcomes, not school effectiveness, and is not adjusted for demographics. Districts serve all residents; verify enrollment boundaries with the district.
Safety data
Chester County crime & safety numbers →
County figures from FBI and Pennsylvania source data.
Property taxes
Chester County taxes, explained →
Millage, the Common Level Ratio, and what changes after you buy.
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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 United Real Estate Strive 212 participates, and is provided by BRIGHT through a licensing agreement.
IDX listings are displayed pursuant to broker of record United Real Estate Strive 212, Frank Ramos, Broker/Owner, PA Broker License RM424345, 1220 Broadcasting Rd, Suite 201, Wyomissing, PA 19610, (610) 372-0212.
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 Closed or are no longer being offered for sale.
Data last updated: October 6, 2026 at 8:10 AM EDT
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