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240 Banyan Dr, State College, PA, 16801

4beds
4baths
3,264sqft
$979,900
$300price/sqft
$6,434/moest. monthly cost
$257,360/yrincome needed

About This Home

Welcome to your dream home! This stunning NEW CONSTRUCTION is now available for sale, offering an exquisite blend of spaciousness, modern upgrades, and meticulous attention to detail. Nestled on a generous .40-acre lot, 240 Banyan Drive has just over 3,250 square feet of luxurious living space. As you enter this traditional style home from the covered porch, you are greeted by the 2 story entry with natural oak hardwood flooring flowing throughout the entire 1st floor and the open floor plan seamlessly connects the various living areas, creating a harmonious flow throughout. With its abundant square footage, this home provides ample room for both entertaining and comfortable family living. The walls are a warm and rich light beige color with off-setting bright white trim, creating a crisp, clean ambiance that invites relaxation and tranquility. The cozy family room has a tray ceiling with double crown moulding and 2 mini crystal chandaliers as well as an extra large gas fireplace with a stacked stone surround . The kitchen is a true chef's delight, with 2 tone painted Maple cabinets with double stacked wall cabinets offer an abundance of storage space for all your culinary needs. The gigantic 8’x 4’ Quartz eating area island with its pendant lights is the visual centerpiece to the kitchen and brand new matching stainless steel refrigerator, gas range and dishwasher make this a chef’s dream. The kitchen seamlessly flows into the formal dining area with it's tray ceiling with double crown moulding, making it ideal for both casual family dinners and formal gatherings. The spacious master suite on the 2nd level has a soaring vaulted ceiling with recessed lighting as well as a chandelier really makes it a true relaxing sanctuary. The master bathroom’s oversized tile shower with it's 6 shower jets, hand shower, and 16” rainfall shower head with built in seat, built in niche and recessed light above help wash away your daily stress. Bedrooms #2 and #3 are also huge and share a bathroom while bedroom #4 has it's own private bathroom. There is large home office / formal living room on the main level with double frech glass door. Relax on the rear deck with steps going down to the rear yard. The home is equiped with 2 high efficiency Amana heat pumps, an on demand propane tankless water heater, water softner system, whole house humidifier, and active radon mitigation system. The walk-out lower level is pre-plumbed for a future bath and has 2 large windows as well as a 6' french door leading to a concrete patio in the rear yard. Located in the desirable and serene Hillside Farm Estates neighborhood, you are only minutes from State College and Penn State, yet tucked away from any traffic and noise. It's an idyllic haven that combines the perfect balance of modern upgrades, comfortable living spaces, and a prime location. Don't miss this opportunity to make this impeccable home yours and experience the epitome of luxury living! Ready to move in!

Getting Around

18
WalkingCar-Dependent
0
TransitNo Nearby Transit
16
BikeSomewhat Bikeable

Schools

8/10
Ferguson Twp El SchoolGrades K-50.8 mi
9/10
7/10

Construction

Condition

  • Property condition: Excellent
  • New construction: Yes
  • Year built: 2024

Materials

  • Foundation: Block
  • Roof: Asphalt,Metal
  • Construction materials: Batts Insulation,Blown-In Insulation,Brick Veneer,Concrete,Masonry,Stick Built,Stone,Tile,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Transitional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Microwave,Dishwasher,Ice Maker,Oven/Range - Gas,Range Hood,Refrigerator,Stainless Steel Appliance(s),Water Dispenser,Tankless Water Heater,Water Heater
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Partial,Concrete,Rough Bath Plumb,Walk-Out Access,Windows

Bedroom2

  • Features: Flooring - Carpet
  • Level: Upper
  • Area: 196
  • Dimensions: 14 X 14

Bedroom3

  • Features: Flooring - Carpet
  • Level: Upper
  • Area: 196
  • Dimensions: 14 X 14

Bedroom4

  • Features: Flooring - Carpet
  • Level: Upper
  • Area: 210
  • Dimensions: 15 X 14

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Family Room

  • Features: Fireplace - Gas,Flooring - HardWood
  • Level: Main
  • Area: 330
  • Dimensions: 15 X 22

Features

  • Breakfast Area,Combination Kitchen/Dining,Crown Molding,Dining Area,Open Floorplan,Floor Plan - Traditional,Kitchen - Gourmet,Kitchen Island,Recessed Lighting,Walk-In Closet(s),9'+ Ceilings,Dry Wall,Tray Ceiling(s),Vaulted Ceiling(s)
  • Window features: Double Hung,Low Emissivity Windows
  • Flooring: 3000+ PSI,Carpet,Ceramic Tile,Concrete,Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Gas/Propane
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 3,264

Heating & Cooling

  • Heating features: Heat Pump,Electric
  • Cooling features: Heat Pump,Electric

Interior Area

  • Total structure area: 4,921
  • Total interior livable area: 3,264 sqft

Kitchen

  • Features: Granite Counters,Flooring - HardWood
  • Level: Main
  • Area: 384
  • Dimensions: 16 X 24

Laundry

  • Features: Flooring - Tile/Brick
  • Level: Main
  • Area: 48
  • Dimensions: 6 X 8

Office

  • Features: Flooring - HardWood
  • Level: Main
  • Area: 221
  • Dimensions: 13 X 17

Primary Bedroom

  • Features: Flooring - Carpet
  • Level: Upper
  • Area: 323
  • Dimensions: 19 X 17

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 24735,050,0000
  • Zoning: RESIDENTIAL
  • Zoning description: Single Family Residential
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None

Lot

  • Lot size: 0.40 Acres
  • Features: Backs to Trees,Landscaped
  • Lot size dimensions: 90 x 210

Parking

  • Total spaces: 2
  • Parking features: Garage Faces Front,Oversized,Concrete,Attached,Driveway
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherRelatively High
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Winter Weather
Lightning

FEMA Declared Disasters Across Pennsylvania Counties

Flood
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,954$59,448
Home Insurance *$273$3,276
Property Taxes $849$10,188
Electricity $358$4,297
Total$6,434$77,208
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$220,594/yr
40% on housing$193,020/yr
45% on housing$171,573/yr

Pennsylvania FAIR Plan Programs

Insurance Placement Facility of Pennsylvania/FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 8,982Commercial: 984
Total Premiums$5.34M
Total Exposure$1.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.5%
8.5%
0%30.0%
Electricity Growth Rate10-year average: 8.4%
8.4%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$300This listing

vs Other Active Listings

Avg $/sqft

ZIP 16801$268
Centre County$196

vs Homes Sold Last Month

Median $/sqft

ZIP 16801$207
Centre County$188

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-02-26Price change$979,900
2025-12-23Price change$967,900
2025-09-04Price change$964,900
2025-04-21Price change$967,500
2025-03-14Listed for sale$969,500
2024-12-01Listing removed$939,900
2024-12-01Price change$939,900
2024-07-27Price change$944,900
2024-06-17Price change$947,500
2024-01-10Listed for sale$969,500
2023-02-08Listing removed--
2021-07-12Listing removed$647,900
2021-04-16Listed for sale$647,900

New Construction

AgentRalph Harvey
BrokerageListWithFreedom.com

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