100 W Spring St Reading, PA 19601
Northwest Reading Neighborhood
--
Bed
--
Bath
--
Sq Ft
2,178
Sq Ft Lot
Highlights
- Colonial Architecture
- No HOA
- Radiator
About This Home
As of April 2024GREAT INVESTMENT OPPORTUNITY!!! Looking for a property with instant positive cash flow, you've found it. Check out this fully occupied mixed use building in the City of Reading. The first and second floor units are 2 bedroom while the third floor is a one bedroom unit. Two of three units are currently occupied by long term tenants. The third unit will likely soon have a returning previous long term tenant. Efficient gas heat throughout, newer replacement windows, all appliances in apartment included with sale. The kicker for this property is the lower level which currently hosts a luncheonette. The luncheonette will be closing with the sale of the property but, (business not for sale) the use for that space is only limited by the new owner's imagination (run your ideas by the City of Reading to see if they'll work out). Located directly across the street from the Northwest Middle School, the business potential for the lower level (side entrance on Front St) is high. Don't miss your opportunity to own this great property! Schedule your showing today.
Last Agent to Sell the Property
Keller Williams Platinum Realty - Wyomissing Listed on: 02/18/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,835
Year Built
- Built in 1915
Lot Details
- 2,178 Sq Ft Lot
- Property is in good condition
Parking
- On-Street Parking
Home Design
- Triplex
- Colonial Architecture
- Plaster Walls
- Asphalt Roof
- Stone Siding
Location
- Urban Location
Schools
- Northwest Middle School
Utilities
- Radiator
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- 3 Units
- 4-Story Building
Listing and Financial Details
- The owner pays for heat, sewer, water
- Tax Lot 6635
- Assessor Parcel Number 15-5307-49-55-6635
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 6, 2023
Closed on
Apr 10, 2024
Sold by
Garcia Carmen Rosa
Bought by
D & L Reading Property Llc
Seller's Agent
Dana Riegel
RE/MAX Of Reading
Buyer's Agent
Jose Espinal Gil
Coldwell Banker Realty
List Price
$285,000
Sold Price
$285,000
Views
121
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,321
Avg. Annual Appreciation
6.25%
Original Mortgage
$228,000
Outstanding Balance
$225,630
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$81,819
Purchase Details
Listed on
Feb 18, 2020
Closed on
Jul 16, 2020
Sold by
Cafurello Michael C and Cafurello Sandra J
Bought by
Garcia Carmen Rosa
Seller's Agent
William Eby
Keller Williams Platinum Realty - Wyomissing
Buyer's Agent
Matthew McMillan
NextHome Alliance
List Price
$198,000
Sold Price
$190,000
Premium/Discount to List
-$8,000
-4.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.42%
Original Mortgage
$186,558
Interest Rate
3.1%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 11, 1995
Bought by
Cafurello Michael C J
Similar Homes in Reading, PA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $285,000 | None Listed On Document | |
| Deed | $190,000 | Capital Assurance Group | |
| Deed | $70,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $228,000 | New Conventional | |
| Previous Owner | $186,558 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/16/2024 04/16/24 | Sold | $285,000 | 0.0% | -- |
| 02/25/2024 02/25/24 | Off Market | $285,000 | -- | -- |
| 02/14/2024 02/14/24 | For Sale | $285,000 | 0.0% | -- |
| 12/13/2023 12/13/23 | Pending | -- | -- | -- |
| 12/06/2023 12/06/23 | For Sale | $285,000 | +50.0% | -- |
| 07/16/2020 07/16/20 | Sold | $190,000 | 0.0% | -- |
| 03/13/2020 03/13/20 | Pending | -- | -- | -- |
| 03/11/2020 03/11/20 | Off Market | $190,000 | -- | -- |
| 02/26/2020 02/26/20 | Price Changed | $190,750 | -3.7% | -- |
| 02/18/2020 02/18/20 | For Sale | $198,000 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,778 | $65,500 | $19,400 | $46,100 |
| 2024 | $2,908 | $65,500 | $19,400 | $46,100 |
| 2023 | $2,863 | $65,500 | $19,400 | $46,100 |
| 2022 | $2,863 | $65,500 | $19,400 | $46,100 |
| 2021 | $2,863 | $65,500 | $19,400 | $46,100 |
| 2020 | $2,835 | $65,500 | $19,400 | $46,100 |
| 2019 | $2,835 | $65,500 | $19,400 | $46,100 |
| 2018 | $2,835 | $65,500 | $19,400 | $46,100 |
| 2017 | $2,816 | $65,500 | $19,400 | $46,100 |
| 2016 | $1,609 | $65,500 | $19,400 | $46,100 |
| 2015 | $1,609 | $65,500 | $19,400 | $46,100 |
| 2014 | $1,480 | $65,500 | $19,400 | $46,100 |
Source: Public Records
Agents Affiliated with this Home
-
Dana Riegel
Seller's Agent in 2024
Dana Riegel
RE/MAX of Reading
(610) 451-2324
1 in this area
102 Total Sales
-
Penny Noll
Seller Co-Listing Agent in 2024
Penny Noll
RE/MAX
(610) 780-6688
1 in this area
90 Total Sales
-
Jose Espinal Gil
Buyer's Agent in 2024
Jose Espinal Gil
Coldwell Banker Realty
(610) 816-3873
5 in this area
79 Total Sales
-
William Eby
Seller's Agent in 2020
William Eby
Keller Williams Platinum Realty - Wyomissing
(484) 624-2465
47 Total Sales
-
Matthew McMillan
Buyer's Agent in 2020
Matthew McMillan
NextHome Alliance
(610) 698-7282
1 in this area
34 Total Sales
Map
Source: Bright MLS
MLS Number: PABK354480
APN: 15-5307-49-55-6635
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