$775,000
518 E South St, Kennett Square, PA 19348
Listed by LPT Realty, LLC
If you want a home that gives you space, tranquility, and privacy, yet still feels close it all - you've found it. This is 501 Falcon Dr, a stately and classic brick-front Colonial with an open concept floor plan. Situated only a few minutes from downtown Kennett Square, this four bedroom home is situated on an acre of land, adjacent to preserved space, which preserves your beautiful backyard views for years to come. On your tour, you'll step inside to find a dining room on your left, and sitting room on your right. Follow the beautiful hardwood floors back, and you'll find a dedicated office area. This home features a soaring two-story foyer, and family room with a gas fireplace . Next to the family room is the eat-in kitchen, which features beautiful white cabinets, granite countertops, and a full dining space. On the first floor you'll also find a powder room, dedicated laundry area and two car garage. Upstairs, the large primary bedroom is sure to impress, with tray ceilings, two large walk-in closets, and a stylish, fully updated primary bathroom (2024) with glass enclosed shower and soaking tub. Your own spa retreat! The hall bathroom upstairs was also fully renovated in 2024. 3 more well-sized bedrooms complete the upstairs. This home is freshly painted and clean; well maintained and move-in ready, yet still remains opportunity for you to make it your own. For more peace of mind, other notable updates include new roof (2018), new HVAC (2022), and re-paved driveway (2023). This neighborhood, Falcons Lair, is in the award-winning Kennett Consolidated School District with a brand new elementary school. Falcon's Lair is walking distance to Kennett Greenway trails which can take you all through the Township and Borough, not to mention the many other local parks and greenspaces! Close to dining, shops, highways, and anything else you need. Come discover how much you will love living here!
How the bedrooms and baths are distributed across the floors, as reported by the listing agent.
| Date | Event | Price |
|---|---|---|
| Sep 29, 2026 | Listed for sale | $799,000 |
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
$794,000
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 |
|---|---|---|---|---|---|
| 507 FALCON DR, KENNETT SQUARE, PA 19348 | July 2026 | $760,000 | 4/2 | 3,200 | $800,948 |
| 535 CHANDLER MILL RD, KENNETT SQUARE, PA 19348 | December 2025 | $810,000 | 4/2 | 3,299 | $795,895 |
| 13 CANTERBURY DR, KENNETT SQUARE, PA 19348 | September 2026 | $677,500 | 4/2 | 3,584 | $692,221 |
| 103 PIERCE LN, KENNETT SQUARE, PA 19348 | May 2026 | $810,000 | 4/2 | 3,218 | $899,635 |
| 127 DAVENPORT RD, KENNETT SQUARE, PA 19348 | June 2025 | $787,000 | 4/2 | 3,468 | $839,248 |
| 115 TWIN CREEK LN, KENNETT SQUARE, PA 19348 | April 2025 | $750,000 | 4/2 | 3,476 | $763,393 |
| Date | Event | Price |
|---|---|---|
| January 2018 | Sold | $462,500 |
From closed MLS and county deed records. Earlier transactions may exist.
Estimated at current rates
$11,219 / year
≈ $935 per month
MLS shows (2026)
$11,528
-2.7% at current rates
School tax
KENNETT CONSOLIDATED · 34.99 mills (2025-26)
$8,952
County tax
Chester County · 5.16 mills (2026)
$1,321
Municipal tax
As recorded for 2026, varies by municipality
$946
Recomputed from the county assessment ($255,810, 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
$5,212/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 2:08 PM EDT
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