This address denotes a specific property located within the borough of State College, Pennsylvania. It likely refers to a residential dwelling, though it could also represent a commercial property or other type of building. Understanding a precise location requires referencing geographic coordinates, property records, and potentially other identifying information.
Specific property addresses serve as fundamental identifiers for various purposes. They facilitate navigation, mail delivery, emergency services dispatch, property ownership records, and numerous other essential functions. In a real estate context, the address provides a unique reference point for valuations, assessments, and legal transactions. Historical context, such as past ownership and development, can often be associated with a specific address.
Further exploration of this location might involve examining property records, researching neighborhood demographics, analyzing local amenities, and assessing proximity to key points of interest within State College.
1. Property Location
Property location serves as the cornerstone of any real estate analysis. For “164 Greenview Drive, State College,” understanding its location provides context for evaluating its value, accessibility, and suitability for various purposes. Location influences factors ranging from property taxes and insurance rates to neighborhood characteristics and access to local amenities.
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Geographic Coordinates
Precise geographic coordinates, typically expressed as latitude and longitude, pinpoint a property’s exact location on the Earth’s surface. These coordinates are essential for mapping, navigation, and spatial analysis. In the case of 164 Greenview Drive, these coordinates would differentiate it from any other address and place it within the broader State College geographic context.
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Neighborhood Context
A property’s location within a specific neighborhood significantly impacts its character and value. Neighborhoods possess unique characteristics related to demographics, socioeconomic factors, architectural styles, and community atmosphere. Researching the neighborhood surrounding 164 Greenview Drive reveals insights into its surroundings, including factors like school districts, crime rates, and community involvement.
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Accessibility and Transportation
Accessibility refers to the ease with which a property can be reached by various transportation modes. This encompasses proximity to major roadways, public transportation options, and walkability to local amenities. Analyzing accessibility for 164 Greenview Drive involves evaluating its connection to the broader transportation network in State College and the convenience of reaching essential destinations.
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Proximity to Amenities
The distance to essential amenities like schools, hospitals, shopping centers, and recreational facilities influences property desirability. Proximity to desirable amenities typically increases property values and enhances quality of life. Assessing the proximity of 164 Greenview Drive to these amenities provides a measure of its convenience and attractiveness.
These facets of property location collectively shape the overall profile of 164 Greenview Drive, State College. By understanding its geographic positioning, neighborhood context, accessibility, and proximity to amenities, a comprehensive picture emerges, enabling informed decisions related to valuation, investment, and potential use.
2. Neighborhood Characteristics
Neighborhood characteristics significantly influence the desirability and value of any property. Understanding these characteristics provides crucial context for evaluating a specific address like 164 Greenview Drive, State College. Factors such as demographics, amenities, safety, and walkability contribute to the overall perception and livability of a neighborhood.
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Demographics
Demographics encompass the statistical characteristics of a population, including age, income, education level, and family size. These factors shape the character of a neighborhood and influence the types of amenities and services available. Analyzing the demographics of the neighborhood surrounding 164 Greenview Drive provides insights into the community’s composition and potential market appeal.
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Amenities and Services
The availability of amenities such as parks, schools, grocery stores, restaurants, and healthcare facilities significantly impacts a neighborhood’s attractiveness. Proximity to desirable amenities enhances convenience and contributes to a higher quality of life. Evaluating the amenities surrounding 164 Greenview Drive allows for an assessment of its practicality and appeal to potential residents or investors.
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Safety and Security
Safety and security are paramount concerns for residents and influence property values. Factors such as crime rates, police presence, and community safety initiatives contribute to the overall perception of security within a neighborhood. Researching crime statistics and community safety programs in the area surrounding 164 Greenview Drive provides insights into the level of security and peace of mind offered.
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Walkability and Transportation
Walkability refers to the ease with which residents can access amenities and services on foot. A walkable neighborhood promotes a healthy lifestyle and reduces reliance on vehicles. Analyzing the walkability and availability of public transportation options near 164 Greenview Drive reveals the convenience and accessibility of the surrounding area.
These interconnected facets of neighborhood characteristics contribute to a comprehensive understanding of the environment surrounding 164 Greenview Drive. By analyzing these factors, potential residents and investors can gain a more complete picture of the property’s context and assess its suitability within the broader State College community.
3. Municipal Services
Municipal services play a crucial role in defining the livability and functionality of any property address. For 164 Greenview Drive, State College, these services contribute significantly to its value and the quality of life experienced by residents. Essential services like water and sewer provision, waste management, road maintenance, and emergency services are integral to the property’s integration within the broader municipal infrastructure.
The reliability and efficiency of these services directly impact the property’s usability. A consistent water supply, effective sewage system, and regular waste collection are fundamental requirements for comfortable and hygienic living. Well-maintained roads ensure accessibility, while prompt emergency services provide a critical safety net. Disruptions or inadequacies in these services can significantly detract from the property’s appeal and potentially impact its value. For instance, frequent water outages or inadequate waste management could diminish the desirability of the property, impacting its market value.
Furthermore, the level of municipal services contributes to the overall cost of living associated with a property. Property taxes, often tied to the provision of these services, represent a recurring expense for property owners. Understanding the scope and quality of municipal services provided in relation to the associated tax burden allows for a more informed assessment of the property’s overall affordability and value proposition. In the case of 164 Greenview Drive, researching the specific municipal services offered by State College and comparing them to the property tax rates allows for a comprehensive cost-benefit analysis.
4. Property Value
Property value, a crucial aspect of real estate analysis, represents the monetary worth of a specific property at a given time. For a property like 164 Greenview Drive, State College, its value reflects a confluence of factors, both intrinsic and extrinsic. Intrinsic factors include the property’s physical characteristics, such as size, age, condition, and amenities. Extrinsic factors encompass market conditions, local economic trends, neighborhood characteristics, and proximity to amenities and services. These factors interact dynamically, influencing the perceived desirability and ultimate market value of the property.
Cause and effect relationships play a significant role in determining property value. For example, a renovated kitchen or bathroom (cause) can lead to an increased property value (effect). Conversely, a declining local economy or an increase in crime rates (cause) could negatively impact property values (effect). Consider a comparable property near 164 Greenview Drive that recently underwent extensive renovations. If that property sells for a significantly higher price than similar unrenovated properties, it demonstrates the positive effect of renovations on property value. Conversely, if a major employer in State College were to downsize, leading to job losses and economic uncertainty, it could exert downward pressure on property values in the area, including 164 Greenview Drive.
Understanding property value is essential for various stakeholders. For current owners, it provides a realistic assessment of their asset’s worth, informing decisions related to refinancing, selling, or making further investments. For potential buyers, understanding property value helps determine a fair offering price and assess the long-term investment potential. Lenders use property valuations to assess risk and determine loan amounts. Accurate property valuation ensures equitable transactions and contributes to the stability of the local real estate market. In the case of 164 Greenview Drive, a comprehensive understanding of its property value allows potential buyers to make informed decisions, ensuring they pay a fair price that aligns with market conditions and the property’s intrinsic worth.
5. Tax Assessments
Tax assessments play a critical role in determining property taxes for any given address. For 164 Greenview Drive, State College, the tax assessment represents the assessed value assigned by the local government for the purpose of calculating property taxes. This assessed value, while often related to market value, is not necessarily identical and is subject to specific methodologies and regulations established by the taxing authority. Understanding the tax assessment process and its implications is essential for property owners and potential buyers alike.
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Assessment Process
The assessment process involves evaluating a property’s characteristics and assigning an assessed value. This often involves physical inspections, comparisons with comparable properties, and consideration of factors such as land size, building square footage, and improvements. The local government in State College, Centre County, Pennsylvania, follows established procedures and guidelines to ensure fairness and consistency in tax assessments. The assessed value serves as the basis for calculating property taxes owed by the owner of 164 Greenview Drive.
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Property Tax Calculation
Property taxes are calculated by applying a millage rate, a tax rate expressed in mills per dollar of assessed value, to the assessed value of the property. The millage rate is determined by the local government and school district budgets. For 164 Greenview Drive, the property taxes payable would be the product of its assessed value and the applicable millage rate. Understanding the millage rate and how it applies to the assessed value allows property owners to anticipate their tax liability.
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Appeals and Adjustments
Property owners have the right to appeal their tax assessment if they believe it is inaccurate or unfair. The appeals process typically involves presenting evidence to support a lower assessed value, such as comparable property sales data or independent appraisals. Successful appeals can result in a reduced tax burden. If the owner of 164 Greenview Drive believes their assessment is too high, they can initiate an appeal through the designated channels within Centre County.
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Impact on Property Value
While tax assessments directly influence property taxes, they can also indirectly impact market value. High property taxes, resulting from a high assessment, can deter potential buyers, potentially affecting the property’s resale value. Conversely, a lower-than-average tax burden can make a property more attractive to buyers, potentially enhancing its market value. For 164 Greenview Drive, understanding the tax assessment relative to comparable properties can provide insights into its overall value proposition within the State College real estate market.
Tax assessments are integral to understanding the financial implications of property ownership. For 164 Greenview Drive, a thorough understanding of the assessment, tax calculation, appeals process, and impact on market value allows for a comprehensive evaluation of the property’s financial profile within the State College context.
6. Ownership History
Ownership history provides a chronological record of property ownership for a specific address. For 164 Greenview Drive, State College, this history reveals a timeline of owners, purchase dates, sale prices, and other relevant transaction details. Examining this history offers valuable insights into the property’s market performance, potential legal encumbrances, and its place within the broader real estate landscape of State College.
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Chain of Title
The chain of title establishes the sequential transfer of ownership from one individual or entity to another. A clear and unbroken chain of title is essential for verifying legal ownership and ensuring a smooth transfer of property rights. For 164 Greenview Drive, researching the chain of title confirms the legitimacy of current ownership and reveals any historical disputes or encumbrances.
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Transaction History
Transaction history details the dates and prices of previous sales, providing a historical perspective on the property’s market performance. Analyzing this history reveals trends in property values over time, offering insights into potential appreciation or depreciation. Examining the transaction history for 164 Greenview Drive reveals how its value has fluctuated within the State College real estate market.
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Ownership Duration
The length of time previous owners held the property can offer insights into the neighborhood’s stability and the property’s appeal. Frequent turnover might suggest underlying issues, while long-term ownership could indicate a desirable and stable community. Analyzing ownership duration for 164 Greenview Drive provides a perspective on its historical desirability within the neighborhood.
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Liens and Encumbrances
Ownership history can reveal any existing liens or encumbrances on the property, such as mortgages, easements, or tax liens. These encumbrances can impact the transfer of ownership and represent financial obligations associated with the property. A thorough title search for 164 Greenview Drive ensures that all existing liens and encumbrances are identified before any transaction takes place.
By examining these aspects of ownership history for 164 Greenview Drive, potential buyers and other stakeholders can gain a deeper understanding of the property’s past, present, and potential future. This historical perspective contributes to a more informed assessment of its value, legal standing, and suitability within the State College real estate market. Understanding the ownership history allows for a more comprehensive analysis of the property’s overall investment potential and associated risks.
7. Zoning Regulations
Zoning regulations dictate how land can be used within a specific municipality. For 164 Greenview Drive, State College, these regulations govern permissible uses, building size and height restrictions, setbacks, and other development standards. Understanding the applicable zoning regulations is crucial for determining the property’s development potential, permitted uses, and any limitations on future modifications or expansions.
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Permitted Uses
Zoning regulations define the permitted uses for a specific property, such as residential, commercial, industrial, or mixed-use. For 164 Greenview Drive, the zoning designation determines whether it can be used as a single-family home, a multi-family dwelling, a commercial establishment, or some other permitted use. Attempting to use the property for a non-permitted use could result in legal penalties.
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Building Size and Height Restrictions
Zoning regulations often impose limits on building size and height to maintain neighborhood character and prevent overcrowding. These restrictions typically specify maximum building footprints, heights, and floor area ratios. For 164 Greenview Drive, any plans for expansion or modification must comply with these restrictions. For example, adding a second story might be prohibited if it exceeds the maximum allowable height.
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Setbacks and Lot Coverage
Setback requirements dictate the minimum distance between a building and property lines. Lot coverage restrictions limit the percentage of a lot that can be covered by buildings or impervious surfaces. These regulations ensure adequate open space, light, and air circulation. For 164 Greenview Drive, any additions or new construction must adhere to these setback and lot coverage requirements. Constructing a detached garage too close to the property line would violate setback regulations.
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Variances and Special Exceptions
In certain circumstances, property owners can apply for variances or special exceptions to deviate from existing zoning regulations. Variances are granted when strict adherence to regulations would create undue hardship, while special exceptions are permitted uses subject to specific conditions. If the owner of 164 Greenview Drive wishes to build a larger structure than permitted by current zoning, they could apply for a variance. The success of such an application depends on demonstrating hardship and meeting specific criteria.
Zoning regulations directly impact the development potential and permissible uses of 164 Greenview Drive. Understanding these regulations is crucial for property owners, potential buyers, and developers to ensure compliance and make informed decisions regarding the property’s present and future use within the State College community. Non-compliance can lead to legal challenges, fines, and even demolition orders. Therefore, due diligence in researching and understanding applicable zoning regulations is paramount.
8. Proximity to Amenities
Proximity to amenities significantly influences the desirability and value of a residential property such as the one located at 164 Greenview Drive, State College. Access to essential and desirable amenities contributes directly to quality of life and can significantly impact property values. This proximity functions as a key component in evaluating the overall appeal of a specific location within a community. The presence or absence of nearby amenities can create a cause-and-effect relationship with property desirability and market value. For instance, convenient access to highly-rated schools (cause) often results in increased demand and higher property values in that area (effect). Conversely, a lack of nearby grocery stores or limited access to public transportation (cause) could decrease the desirability and potentially lower property values (effect). This principle applies directly to the subject property.
Consider, for example, a family considering purchasing a home. Easy access to quality schools, parks, and shopping centers would likely be high on their priority list. If 164 Greenview Drive offers convenient access to these amenities, it becomes a more attractive option compared to a similar property located in a less amenity-rich area. This desirability translates to increased demand and potentially higher market value. Conversely, if the property lacks convenient access to essential amenities like grocery stores or healthcare facilities, it might be perceived as less desirable, potentially impacting its market value. The availability of amenities within walking distance or a short drive significantly enhances the practical livability of the property.
Understanding the proximity to amenities specific to 164 Greenview Drive provides crucial context for assessing its value and overall desirability. Researching specific distances to schools, parks, shopping centers, healthcare facilities, and transportation hubs provides a practical understanding of the property’s location advantages or disadvantages. This understanding, combined with other factors like property condition and market trends, informs buyers and sellers in making sound real estate decisions. Recognizing the influence of amenity proximity on property values empowers informed decision-making and contributes to a more thorough understanding of the real estate market dynamics in State College.
9. Market Trends
Market trends in the State College, Pennsylvania real estate market directly influence the value and marketability of any property, including 164 Greenview Drive. Analyzing these trends provides crucial context for understanding the property’s current market position and potential future performance. These trends operate within a complex interplay of supply and demand, economic conditions, and local development initiatives. Understanding these dynamics is essential for making informed decisions related to buying, selling, or investing in real estate.
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Supply and Demand
The balance between the number of properties available for sale (supply) and the number of potential buyers (demand) significantly influences property values. A high demand coupled with limited supply typically drives prices upward, while an oversupply and weak demand can lead to price stagnation or decline. Monitoring supply and demand trends in State College provides insights into the current market climate and its potential impact on the value of 164 Greenview Drive. For example, a surge in student enrollment at Penn State University might increase demand for housing in State College, potentially benefiting property values.
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Local Economic Conditions
The health of the local economy plays a crucial role in shaping real estate market trends. Factors such as employment rates, wage growth, and business activity influence buyer confidence and purchasing power. A strong local economy often supports a healthy real estate market, while economic downturns can negatively impact property values. Analyzing economic indicators in State College, such as unemployment rates and business growth, provides context for evaluating the potential performance of the real estate market and its impact on the value of 164 Greenview Drive. A major employer closing its doors in State College could negatively impact local housing demand.
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Interest Rates
Interest rates directly affect the affordability of mortgages, influencing buyer behavior and overall market activity. Lower interest rates generally stimulate demand by making borrowing more affordable, while higher rates can dampen demand and slow price growth. Monitoring interest rate trends and their impact on mortgage affordability in State College is essential for understanding market dynamics and their potential influence on the value of 164 Greenview Drive. A sharp rise in interest rates could make it more expensive to finance a mortgage, potentially impacting demand and property values.
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Development Activity
New construction and development projects within a community can influence supply and demand dynamics, impacting property values. Large-scale residential developments can increase supply, potentially moderating price growth. Conversely, new commercial developments or infrastructure improvements can enhance an area’s attractiveness, driving up demand and property values. Monitoring development activity in State College provides insights into future supply and demand dynamics and their potential impact on the value of 164 Greenview Drive. The construction of a new shopping center near Greenview Drive might increase the desirability of the area, potentially impacting property values positively.
Analyzing these market trends provides a framework for understanding the current and potential future value of 164 Greenview Drive within the State College real estate market. By considering these dynamics alongside property-specific factors, potential buyers and sellers can make informed decisions grounded in market realities and supported by data-driven insights. This comprehensive approach ensures a more nuanced and accurate understanding of the property’s market position, enabling more strategic decision-making in the context of prevailing market conditions.
Frequently Asked Questions
This section addresses common inquiries regarding properties located within State College, Pennsylvania, using the illustrative example of 164 Greenview Drive.
Question 1: How are property taxes determined in State College?
Property taxes are calculated based on the assessed value of a property, determined by the Centre County Assessment Office, and the local millage rate. The millage rate is set annually by the municipality and the school district.
Question 2: How can one access property records for a specific address?
Property records, including deeds, tax assessments, and ownership history, can typically be accessed through the Centre County Recorder of Deeds or the county’s online property search portal.
Question 3: What factors influence property values in State College?
Numerous factors contribute to property values, including location, property size and condition, proximity to amenities, local market trends, and the overall economic climate.
Question 4: What is the role of zoning regulations?
Zoning regulations dictate permitted land uses, building sizes, and other development standards within specific zones, ensuring compatible land use and development within the community.
Question 5: How can one research the history of a specific property?
Historical information about a property, including past owners and transactions, can often be found through deed records, historical societies, and online archival resources.
Question 6: What resources are available for researching neighborhood demographics and characteristics?
Demographic information, including population statistics, income levels, and educational attainment, can be accessed through the U.S. Census Bureau, local government websites, and community profiles.
Understanding these aspects of property ownership and the local real estate market empowers informed decision-making. Due diligence and thorough research are essential for successful real estate transactions.
Further exploration might involve consulting with local real estate professionals, legal experts, or other relevant specialists.
Essential Considerations for Property Research
Thorough research is paramount when evaluating a property. The following tips offer guidance for navigating the complexities of property analysis, illustrated using the hypothetical example of 164 Greenview Drive, State College.
Tip 1: Verify Property Details
Validate address accuracy, legal descriptions, and property boundaries through official records. Discrepancies can lead to legal complications. Confirming the precise location and boundaries of 164 Greenview Drive prevents future disputes.
Tip 2: Analyze Location Thoroughly
Evaluate proximity to essential amenities, transportation access, and neighborhood characteristics. Consider school districts, crime rates, and community atmosphere. Researching the neighborhood surrounding 164 Greenview Drive reveals its suitability for specific needs.
Tip 3: Understand Zoning Regulations
Research applicable zoning ordinances to determine permitted land uses, building restrictions, and potential development limitations. Non-compliance can result in legal and financial repercussions. Knowing zoning regulations for 164 Greenview Drive informs potential renovations or additions.
Tip 4: Review Tax Assessments and History
Examine historical tax assessments to understand property tax trends. Appeal if assessments seem inaccurate. Research past sales prices to gauge market value appreciation or depreciation. Analyzing tax records for 164 Greenview Drive helps anticipate future tax liabilities.
Tip 5: Inspect Property Condition
Conduct a thorough inspection or hire a qualified inspector to assess the structural integrity, systems, and overall condition of the property. Unforeseen repairs can significantly impact investment returns. A professional inspection of 164 Greenview Drive identifies potential maintenance costs.
Tip 6: Research Market Trends
Analyze local market trends, including supply and demand dynamics, average sales prices, and days on market. Understanding market conditions allows for informed negotiation and realistic pricing strategies. Researching State College real estate trends informs a competitive offer on 164 Greenview Drive.
Tip 7: Consult Professionals
Seek expert advice from real estate agents, appraisers, and legal counsel to navigate complex transactions and ensure compliance with regulations. Professional guidance mitigates risks and optimizes investment outcomes. Consulting a local real estate attorney protects legal interests related to 164 Greenview Drive.
Diligent application of these tips provides a comprehensive understanding of a property’s potential, mitigating risks and maximizing informed decision-making.
These preparatory steps provide a foundation for a successful real estate transaction.
Conclusion
Analysis of a specific property address requires a multifaceted approach. Factors such as location within State College, neighborhood characteristics, municipal services, property value, tax assessments, ownership history, zoning regulations, proximity to amenities, and market trends contribute to a comprehensive understanding. Each element offers valuable insights, informing potential buyers, sellers, and investors. Due diligence in researching these aspects provides a robust foundation for informed decision-making within the dynamic context of the local real estate market.
Strategic property evaluation necessitates thorough research and careful consideration of diverse factors. Understanding local market dynamics and property-specific attributes empowers stakeholders to make informed choices aligned with individual investment goals and community contexts. A comprehensive approach to property analysis fosters sound decisions and contributes to a more stable and transparent real estate market. Further exploration and consultation with relevant professionals provide additional layers of insight, ensuring well-informed choices within the complex landscape of property acquisition and ownership.
