$1,775,000
408 Lantern Ln, Berwyn, PA 19312
Listed by Compass Pennsylvania, LLC
Welcome to 850 Springbank Lane, a wonderful opportunity to own a classic center hall Colonial featuring a geothermal HVAC system, 4 fireplaces, a dramatic 2-story family room, finished au pair/in-law suite and a fenced rear yard in the coveted Avonwood neighborhood of Wayne. Centrally located in the top-ranked Tredyffrin-Easttown School District, this is a rare opportunity to own a classic home in an established neighborhood in one of the Main Line’s most desirable locations. The gracious center entrance hall features a curved staircase and opens to the spacious living room, highlighted by a fireplace with marble surround and Colonial mantel. French doors lead to a perfectly situated home office, featuring its own fireplace with brick hearth and a wall of built-in bookshelves. To the left of the entrance hall is the formal dining room with chair rail and crown molding, the ideal setting for family gatherings and holiday celebrations. The heart of the home is the fabulous eat-in kitchen, featuring a separate dining area with a vaulted ceiling, 2 solar-powered Velux skylights, Palladian window and a doorway to the side brick patio. The kitchen offers a granite-topped center island with pendant lighting, granite countertops, new subway tile backsplash, raised-panel cabinetry, a large pantry and stainless steel appliances. The kitchen opens directly to the spectacular family room, featuring a soaring 2-story ceiling, fireplace, walls of windows, and built-in cabinetry and shelving. Two glass doors open to the expansive deck overlooking the fenced rear grounds—the ideal spot for relaxing, entertaining, grilling and dining al fresco. A laundry room/mudroom provides access to the 2-car garage as well as a doorway to the quaint covered front porch. A nicely situated powder room completes the 1st floor of this very special home. The 2nd floor features a large hallway overlooking the dramatic family room below. The spacious owner’s suite offers a tray ceiling, 2 large walk-in closets, a fireplace and a sumptuous owner’s bathroom with a vaulted ceiling, a solar-powered Velux skylight, separate vanities, jetted soaking tub, and a tiled shower. Three additional generously sized bedrooms, each offering excellent closet space, are serviced by a tiled hall bathroom. The lower level, with its uncommonly high ceilings, is home to a nicely finished au pair/in-law suite, offering a finished living area, bedroom and full bathroom—also an ideal setup for a returning child, extended family or guests. A massive unfinished storage room provides tremendous storage and endless possibilities. Additional highlights include a highly efficient geothermal HVAC system offering exceptionally low utility costs and 3 solar-powered Velux skylights designed to help reduce heat. A new (2025) cedar roof, hardwood flooring, recessed lighting, 4 fireplaces, high ceilings and so much more all come together to make 850 Springbank Lane a very special place to call home. Ideally located close to Valley Forge National Park, the Chester Valley Trail, King of Prussia Town Center, Gateway Shopping Center, and the shops, trains and restaurants of the Main Line, this is a rare opportunity to own a classic home in an established neighborhood in the top-ranked Tredyffrin-Easttown School District. Your search is over. Welcome home!
How the bedrooms and baths are distributed across the floors, as reported by the listing agent.
| Date | Event | Price |
|---|---|---|
| Sep 25, 2026 | Listed for sale | $1,595,000 |
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
$1,592,000
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 |
|---|---|---|---|---|---|
| 515 OLD EAGLE SCHOOL RD, WAYNE, PA 19087 | July 2026 | $1,626,000 | 5/3 | 4,224 | $1,576,074 |
| 714 GULPH, WAYNE, PA 19087 | June 2026 | $1,010,000 | 5/3 | 4,097 | $997,931 |
| 476 SCHOOL HOUSE LN, DEVON, PA 19333 | September 2026 | $1,600,000 | 5/3 | 4,020 | $1,553,627 |
| 851 BOX HILL LN, WAYNE, PA 19087 | July 2026 | $1,550,000 | 5/3 | 4,453 | $1,443,499 |
| 746 WESTWIND DR, BERWYN, PA 19312 | June 2026 | $1,480,000 | 5/3 | 4,107 | $1,350,545 |
| 825 SPRINGBANK LN, WAYNE, PA 19087 | April 2026 | $1,860,000 | 4/2 | 4,035 | $2,082,670 |
Estimated at current rates
$20,020 / year
≈ $1,668 per month
MLS shows (2026)
$20,777
-3.6% at current rates
School tax
TREDYFFRIN-EASTTOWN · 29.66 mills (2025-26)
$15,172
County tax
Chester County · 5.16 mills (2026)
$2,642
Municipal tax
As recorded for 2026, varies by municipality
$2,206
Recomputed from the county assessment ($511,600, 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
$10,265/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
Tredyffrin-Easttown
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 8:13 PM EDT
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