NOT LISTED FOR SALE

1009 Chestnut St Reading, PA 19602

Southeast Community Neighborhood
-- Bed
2 Baths
1,665 Sq Ft
1,307 Sq Ft Lot

Last Sold October 08, 2020

Last sale price $58,000 $35 Per Sq Ft

About This Home

As of October 2020

2 unit property. 1 bedroom on the 1st floor, 2 to3 bedroom on the 2nd Floor. Each unit pays their own utilities and electric heat. Landlord pays water and trash/recycling ONLY!!! The rents are currently $500 per apartment and could be raised to $650 and $750. Will a little TLC this could be a $money$ maker. As of early March, The 1st floor was renovated , new tenant placement and rental increased $600. This property can be purchased with 906 franklin, Reading PA as a package and would qualify for a package discount. Bring your offer!!!!

Last Agent to Sell the Property

Clair Mckoy

(484) 769-5680 clair.mckoy@icloud.com Iron Valley Real Estate of Berks Listed on: 02/18/2020

Iron Valley Real Estate of Berks

Co-Listed By

Melinda O'Neill

(610) 301-2742 moneill@empirebp.com Iron Valley Real Estate of Berks

Last Buyer's Agent

Ivonn Reyes

(610) 618-0470 irmrealtors@gmail.com Iron Valley Real Estate of Berks License #350425

Iron Valley Real Estate of Berks

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,368

Year Built

  • Built in 1910

Lot Details

  • 1,307 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 1,665 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Electric Baseboard Heater
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for water, insurance, sewer, snow removal, real estate taxes, trash collection
  • Tax Lot 6163
  • Assessor Parcel Number 03-5316-21-09-6163

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 3-Story Building

Building Details

  • Insurance Expense $600
  • Other Expense $190
  • Net Operating Income $9,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,368

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: 2 Refrigerators. 2 Ranges
  • New Construction: No
  • Other Expense: 190.00
  • Year Built: 1910
  • Automatically Close On Close Date: No
  • Remarks Public: 2 unit property. 1 bedroom on the 1st floor, 2 to3 bedroom on the 2nd Floor. Each unit pays their own utilities and electric heat. Landlord pays water and trash/recycling ONLY!!! The rents are currently $500 per apartment and could be raised to $650 and $750. Will a little TLC this could be a $money$ maker. As of early March, The 1st floor was renovated , new tenant placement and rental increased $600. This property can be purchased with 906 franklin, Reading PA as a package and would qualify for a package discount. Bring your offer!!!!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1665
  • Living Area Sq Ft: 1665
  • Price Per Sq Ft: 38.98
  • Above Grade Finished Sq Ft: 1665
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1009

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 190
  • Water Previous Twelve Months: 2280.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: READING
  • School District Key: 300200397169
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 25000.00
  • Land Assessed Value: 6600.00
  • Land Use Code: 138R
  • Lot Size Acres: 0.03
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1307.00
  • Year Assessed: 2020
  • Zoning: RESIDENTIAL
  • Zoning Description: 2 residential units

Rental Info

  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Owner Pays: Water, Insurance, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection
  • Total Actual Rent: 12000.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1442057
  • School Tax: 567.00
  • Tax Annual Amount: 1368.00
  • Assessor Parcel Number: 03-5316-21-09-6163
  • Tax Lot: 6163
  • Tax Total Finished Sq Ft: 1665
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 10/08/2020

Multi Family

  • Gross Income: 12000.00
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: READING

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2020 10/08/20 Sold $58,000 -10.6% $35 / Sq Ft
09/18/2020 09/18/20 Pending -- -- --
09/01/2020 09/01/20 Price Changed $64,900 -7.2% $39 / Sq Ft
06/21/2020 06/21/20 Price Changed $69,900 0.0% $42 / Sq Ft
06/21/2020 06/21/20 For Sale $69,900 +20.5% $42 / Sq Ft
06/18/2020 06/18/20 Off Market $58,000 -- --
05/30/2020 05/30/20 For Sale $75,900 +30.9% $46 / Sq Ft
03/24/2020 03/24/20 Off Market $58,000 -- --
03/14/2020 03/14/20 Price Changed $75,900 -5.0% $46 / Sq Ft
02/18/2020 02/18/20 For Sale $79,900 -- $48 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Clair Mckoy

    Seller's Agent in 2020

    Clair Mckoy

    Iron Valley Real Estate of Berks

    (484) 769-5680

    1 in this area

    132 Total Sales

    Clair Mckoy
    Section Image
  • Melinda O'Neill

    Seller Co-Listing Agent in 2020

    Melinda O'Neill

    Iron Valley Real Estate of Berks

    (610) 301-2742

    1 in this area

    113 Total Sales

    Melinda O'Neill
    Section Image
  • Ivonn Reyes

    Buyer's Agent in 2020

    Ivonn Reyes

    Iron Valley Real Estate of Berks

    (610) 618-0470

    12 in this area

    143 Total Sales

    Ivonn Reyes
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PABK354490

Bright MLS

APN: 5316-21-09-6163

Pennsylvania Berks County Reading 19602 Southeast Community

1009 Chestnut St, Reading, PA

This home is located at 1009 Chestnut St, Reading, PA 19602 since 18 February 2020. This property was built in 1910. 1009 Chestnut St is a home located in Berks County with nearby schools including Amanda E. Stout Elementary School, Southern Middle School, and Reading Senior High School.

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