Jeff Dieffenbach
RE/MAX Evolved
(484) 755-6146
150 Total Sales
1 in Penn's Common
$215,000 Price
1039 Penn St Reading, PA 19601
Penn's Common Neighborhood
Studio
--
Baths
4,858
Sq Ft
4,792
Sq Ft Lot
Highlights
- 0.11 Acre Lot
- No HOA
- Baseboard Heating
- Wood Flooring
- Energy-Efficient Appliances
- 4-minute walk to City Park
About This Home
As of November 2018Attention investors interested in Reading City - Package Deal $535K ((1039 Penn St. & 1041 Penn St. & 1042 Court St.) -! 6-unit, low-rise apartment building, fully leased. 6 Residential units (2-2Bed 3-1Bed 1-studio). $3,875 monthly income, $46,500 per year gross rents. Minus gross expenses: taxes ($2,270), Insurance ($1,889), Water/Sewer ($2040), Electric ($360), Trash ($396), only $579 a month! NOI is $3,296 per month or $39,552 per year! Each unit has separate electric meters paid by tenants. Annual rental license fee ($55) & rental permit ($50 per unit per year). Tenants pay natural gas hot water and electric baseboard heat. Full basement with plenty of room for storage. Cash Cow, Turn Key. Beautiful stone exterior, entrance & front porch with classic, original tile foyer. Amazing wood-work throughout including lobby & staircases. Large apartments with modern kitchens and modern baths. Newer hot water heaters and newer electric. Off street parking in rear. Recent improvements: Parking lot milling/leveled up/rolling, Apt. 1-R bedroom/bathroom/kitchen upgrade. Code inspected. Great exposure to Penn street. Annual other expense is trash. Owner is ready to enjoy retirement, this is a Great investment. - Package Deal $535K (MLS# 1002202524, 1002202428, 1002202826, 1002202706, 1002202864, 1002202904) ?
Last Agent to Sell the Property
(484) 498-4000 GregoryMartire@gmail.com Springer Realty Group License #RS225353L Listed on: 08/10/2018
Last Buyer's Agent
(610) 372-0212 urestrive212@gmail.com United Real Estate Strive 212 License #RS312153
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,004
Year Built
- Built in 1900
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 40x184
- South Facing Home
- Property is in good condition
Home Design
- Converted Dwelling
- Stone Foundation
- Stone Siding
Interior Spaces
- 4,858 Sq Ft Home
- Replacement Windows
Flooring
- Wood
- Tile or Brick
Unfinished Basement
- Basement Fills Entire Space Under The House
- Basement Storage
Parking
- 8 Open Parking Spaces
- Private Parking
Eco-Friendly Details
- Energy-Efficient Appliances
- Energy-Efficient Windows
Schools
- Reading Senior High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
- Natural Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 9348
- Assessor Parcel Number 08-5317-77-00-9348
Community Details
Building Details
- Electric Expense $360
- Insurance Expense $1,889
- Operating Expense $6,293
Additional Features
- No Home Owners Association
- Laundry Facilities
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
Aug 10, 2018
Closed on
Nov 26, 2018
Sold by
Reading Real Estate Holdings Llc
Bought by
Seller's Agent
Gregory Martire
Springer Realty Group
Buyer's Agent
DIEGO LOPEZ
United Real Estate Strive 212
List Price
$215,000
Sold Price
$225,000
Premium/Discount to List
$10,000
4.65%
Purchase Details
Closed on
Oct 7, 2009
Sold by
1039 Penn Llc
Bought by
Mi Casa Pa Llc
Purchase Details
Closed on
Jun 29, 2007
Sold by
Berks Fire Water Restorations Inc
Bought by
1039 Penn Llc
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
6.48%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Dec 20, 2002
Sold by
Lavender Jon Kyle and Lavender Amy Jo
Bought by
Berks Fire Water Restorations Inc
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Penn's Common, PA
-
Jeff Dieffenbach
-
Sheldon Zimmerman
Sheldon Zimmerman
Peak Asset Realty
(223) 216-2011
214 Total Sales
3 in Penn's Common
$60K - $270K Price Range
-
Anthony Borelli
Anthony Borelli
Century 21 Gold
(484) 755-3767
272 Total Sales
2 in Penn's Common
$162K - $185K Price Range
-
Keave Andrew Slomine
Keave Andrew Slomine
Responds QuicklyNew Republic Realty
(484) 806-8811
99 Total Sales
1 in Penn's Common
$150,000 Price
-
Ash Freese
Ash Freese
Amo Realty
(610) 463-0487
69 Total Sales
1 in Penn's Common
$290,000 Price
-
Todd Sell
Todd Sell
Pagoda Realty ERA Powered
(484) 772-2844
149 Total Sales
2 in Penn's Common
$165K - $205K Price Range
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 |
|---|---|---|---|
| $535,000 | Stewart Abstract Of Berks Co | ||
| Mi Casa Pa Llc | $200,000 | None Available | |
| 1039 Penn Llc | $90,000 | None Available | |
| Berks Fire Water Restorations Inc | $49,541 | -- |
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 | $76,000 | ||
| Previous Owner | 1039 Penn Llc | $440,000 | |
| Previous Owner | 1039 Penn Llc | $100,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 11/30/2018 11/30/18 | Sold | $225,000 | 0.0% | $46 / Sq Ft | |
| 09/13/2018 09/13/18 | Pending | -- | -- | -- | |
| 08/22/2018 08/22/18 | Price Changed | $225,000 | +4.7% | $46 / Sq Ft | |
| 08/10/2018 08/10/18 | For Sale | $215,000 | +62.9% | $44 / Sq Ft | |
| 07/31/2012 07/31/12 | Sold | $132,000 | -41.3% | $27 / Sq Ft | View Prior Sale |
| 07/20/2012 07/20/12 | Pending | -- | -- | -- | |
| 06/01/2011 06/01/11 | For Sale | $225,000 | -- | $46 / 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 | $3,215 | $113,900 | $36,400 | $77,500 |
| 2025 | $3,091 | $113,900 | $36,400 | $77,500 |
| 2024 | $5,058 | $113,900 | $36,400 | $77,500 |
| 2023 | $4,979 | $113,900 | $36,400 | $77,500 |
| 2022 | $4,979 | $113,900 | $36,400 | $77,500 |
| 2021 | $4,979 | $113,900 | $36,400 | $77,500 |
| 2020 | $4,929 | $113,900 | $36,400 | $77,500 |
| 2019 | $2,004 | $46,300 | $29,000 | $17,300 |
| 2018 | $2,004 | $46,300 | $29,000 | $17,300 |
| 2017 | $1,990 | $46,300 | $29,000 | $17,300 |
| 2016 | $1,137 | $46,300 | $29,000 | $17,300 |
| 2015 | $1,137 | $46,300 | $29,000 | $17,300 |
| 2014 | $1,046 | $46,300 | $29,000 | $17,300 |
Source: Public Records
Agents Affiliated with this Home
-
Gregory Martire
Seller's Agent in 2018
Gregory Martire
Springer Realty Group
(484) 997-8068
198 Total Sales
-
Scott Martire
SM
Seller Co-Listing Agent in 2018
Scott Martire
Springer Realty Group
(610) 357-9575
-
DIEGO LOPEZ
DL
Buyer's Agent in 2018
DIEGO LOPEZ
United Real Estate Strive 212
(610) 741-9391
9 Total Sales
-
Michele McCartney
Seller's Agent in 2012
Michele McCartney
Keller Williams Platinum Realty - Wyomissing
(610) 587-1913
206 Total Sales
-
Penny Noll
Buyer's Agent in 2012
Penny Noll
RE/MAX
(610) 780-6688
61 Total Sales
Map
Source: Bright MLS
MLS Number: 1002202524
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