Seller's Agent in 2022
Lorraine Guthier
Iron Valley Real Estate of Berks
(484) 336-6378
3 in this area
85 Total Sales
101 S 5th Ave West Reading, PA 19611
Estimated Value: $297,000 - $310,588
--
Bed
--
Bath
1,306
Sq Ft
$233/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- West Reading Elementary Center Rated A-
- Hot Water Baseboard Heater
About This Home
As of May 2022More photos to come!
Location is great, 1 block off Penn Ave.. Many possibilities with great return on investment whether you choose to live in one unit and collect rent from the other two, or complete the renovations and rent out the unoccupied spaces and collect rent on all 3 units. The hard part has been done with removing the tenants so the residential unit can be remodeled and increase the rent. The residential unit will have fresh paint, some repairs have been made but the owner will leave the rest to your vision and aspirations. The upper level residential unit was remodeled before the tenant moved in. The lease is up in November. The commercial space has many options for a new owner with the location perfect for any business. The roof was replaced in 2016. The boro inspection was completed and approved in December of 21. Take advantage of this wise investment opportunity with long lasting residual income potential.
Lower Level Commerical Unit - Projected Rent - $1250.
Last Agent to Sell the Property
(484) 336-6378 lguthier@comcast.net Iron Valley Real Estate of Berks Listed on: 03/18/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,693
Year Built
- Built in 1911
Lot Details
- 1,306 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- 1,306 Sq Ft Home
- Triplex
- Traditional Architecture
- Brick Exterior Construction
- Rubber Roof
- Masonry
Utilities
- Radiator
- Hot Water Baseboard Heater
- 200+ Amp Service
- Natural Gas Water Heater
Listing and Financial Details
- The owner pays for gas, sewer, real estate taxes
- Tax Lot 3779
- Assessor Parcel Number 93-5306-05-29-3779
Community Details
Overview
- 3 Units
Building Details
- 2 Vacant Units
- Income includes apartment rentals
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 18, 2022
Closed on
May 20, 2022
Sold by
Josh Davis
Bought by
Trupe Alana L
Seller's Agent
Lorraine Guthier
Iron Valley Real Estate of Berks
Buyer's Agent
Alana Trupe
Horning Farm Agency Inc
List Price
$234,900
Sold Price
$229,000
Premium/Discount to List
-$5,900
-2.51%
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
$74,794
Avg. Annual Appreciation
8.34%
Original Mortgage
$180,000
Outstanding Balance
$170,996
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$132,798
Purchase Details
Listed on
Dec 1, 2021
Closed on
Dec 17, 2021
Sold by
Quang Chu Huy
Bought by
Davis Josh
Seller's Agent
Lorraine Guthier
Iron Valley Real Estate of Berks
Buyer's Agent
Lorraine Guthier
Iron Valley Real Estate of Berks
List Price
$230,000
Sold Price
$217,000
Premium/Discount to List
-$13,000
-5.65%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.67%
Purchase Details
Listed on
Oct 13, 2020
Closed on
Nov 23, 2020
Sold by
Geiger Douglas P
Bought by
Chu Quang Huy and Nguyen Binh
Seller's Agent
Ed Stauffer
RE/MAX Of Reading
Buyer's Agent
Marisa Aikman
Compass RE
List Price
$195,000
Sold Price
$185,000
Premium/Discount to List
-$10,000
-5.13%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.08%
Purchase Details
Closed on
Nov 6, 2009
Sold by
Shepherd Allen W and Shepherd Gina M
Bought by
Geiger Douglas P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.98%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 8, 2007
Sold by
Wertz Jeanette and Mcgrath Marilyn J
Bought by
Shepherd Allen W and Shepherd Gina M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.14%
Mortgage Type
Commercial
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Trupe Alana L | $229,000 | None Listed On Document | |
| Davis Josh | $217,000 | None Listed On Document | |
| Davis Josh | $217,000 | None Listed On Document | |
| Chu Quang Huy | $185,000 | Wyomissing Abstract Llc | |
| Geiger Douglas P | $150,000 | None Available | |
| Shepherd Allen W | $125,000 | Old Republic Natl Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Trupe Alana L | $180,000 | |
| Previous Owner | Geiger Douglas P | $100,000 | |
| Previous Owner | Shepherd Allen W | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/20/2022 05/20/22 | Sold | $229,000 | -2.5% | $175 / Sq Ft | |
| 03/23/2022 03/23/22 | Pending | -- | -- | -- | |
| 03/18/2022 03/18/22 | For Sale | $234,900 | +8.2% | $180 / Sq Ft | |
| 12/17/2021 12/17/21 | Sold | $217,000 | 0.0% | -- | View Prior Sale |
| 12/06/2021 12/06/21 | Off Market | $217,000 | -- | -- | |
| 12/05/2021 12/05/21 | Pending | -- | -- | -- | |
| 12/01/2021 12/01/21 | For Sale | $230,000 | +24.3% | -- | |
| 11/23/2020 11/23/20 | Sold | $185,000 | 0.0% | $142 / Sq Ft | View Prior Sale |
| 10/18/2020 10/18/20 | Pending | -- | -- | -- | |
| 10/18/2020 10/18/20 | Off Market | $185,000 | -- | -- | |
| 10/13/2020 10/13/20 | For Sale | $195,000 | -- | $149 / Sq Ft |
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 | $1,187 | $52,500 | $17,500 | $35,000 |
| 2024 | $2,902 | $52,500 | $17,500 | $35,000 |
| 2023 | $1,926 | $52,500 | $17,500 | $35,000 |
| 2022 | $2,693 | $52,500 | $17,500 | $35,000 |
| 2021 | $2,647 | $52,500 | $17,500 | $35,000 |
| 2020 | $2,569 | $52,500 | $17,500 | $35,000 |
| 2019 | $2,516 | $52,500 | $17,500 | $35,000 |
| 2018 | $2,445 | $52,500 | $17,500 | $35,000 |
| 2017 | $2,391 | $52,500 | $17,500 | $35,000 |
| 2016 | $770 | $52,500 | $17,500 | $35,000 |
| 2015 | $770 | $52,500 | $17,500 | $35,000 |
| 2014 | $745 | $52,500 | $17,500 | $35,000 |
Source: Public Records
Agents Affiliated with this Home
-
Lorraine Guthier
-
Alana Trupe
A
Buyer's Agent in 2022
Alana Trupe
Horning Farm Agency Inc
(484) 525-9962
1 in this area
44 Total Sales
-
Ed Stauffer
Seller's Agent in 2020
Ed Stauffer
RE/MAX of Reading
(610) 334-7099
1 in this area
130 Total Sales
-
Marisa Aikman
Buyer's Agent in 2020
Marisa Aikman
Compass RE
(610) 750-0910
5 in this area
64 Total Sales
Map
Source: Bright MLS
MLS Number: PABK2012822
APN: 93-5306-05-29-3779
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