NOT LISTED FOR SALE
Studio
2 Baths
1,665 Sq Ft
1,307 Sq Ft Lot

Sale Details

Date Sold: October 8, 2020

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

213 Days on Market

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) 450-8771 admin@ironvalleyrealestateofberks.com Iron Valley Real Estate of Berks License #RS351963 Listed on: 02/18/2020

Iron Valley Real Estate of Berks

Co-Listed By

Melinda O'Neill

(484) 450-8771 admin@ironvalleyrealestateofberks.com Iron Valley Real Estate of Berks

Last Buyer's Agent

Ivonn Reyes

(484) 450-8771 admin@ironvalleyrealestateofberks.com Iron Valley Real Estate of Berks License #350425

Iron Valley Real Estate of Berks
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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

1,307 Sq Ft Lot

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
  • 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

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
  • Water Previous Twelve Months: 2280.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 25000.00
  • Land Assessed Value: 6600.00
  • Lot Size Acres: 0.03
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1307.00
  • 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
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

Multi Family

  • Gross Income: 12000.00
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: READING

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2020
Closed on
Oct 8, 2020
Sold by
Bought by
Seller's Agent
Clair Mckoy
Iron Valley Real Estate of Berks
Buyer's Agent
Ivonn Reyes
Iron Valley Real Estate of Berks
List Price
$69,900
Sold Price
$58,000
Premium/Discount to List
-$11,900
-17.02%

Purchase Details

Closed on
Aug 29, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
6.83%
Mortgage Type
Credit Line Revolving
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$58,000 Safeguard Prop Transfer Inc
$25,000 Fiserv Lending Solutions
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $20,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $892 $31,600 $6,600 $25,000
2025 $858 $31,600 $6,600 $25,000
2024 $1,403 $31,600 $6,600 $25,000
2023 $1,381 $31,600 $6,600 $25,000
2022 $1,381 $31,600 $6,600 $25,000
2021 $1,381 $31,600 $6,600 $25,000
2020 $1,368 $31,600 $6,600 $25,000
2019 $1,368 $31,600 $6,600 $25,000
2018 $1,368 $31,600 $6,600 $25,000
2017 $1,359 $31,600 $6,600 $25,000
2016 $776 $31,600 $6,600 $25,000
2015 $776 $31,600 $6,600 $25,000
2014 $714 $31,600 $6,600 $25,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK354490

Bright MLS

APN: 5316-21-09-6163

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