NOT LISTED FOR SALE

1040 Lancaster Ave Reading, PA 19607

Estimated Value: $182,152 - $358,000

-- Bed
-- Bath
-- Sq Ft
6,098 Sq Ft Lot

Last Sold April 14, 2017

Last sale price $100,000

Est. 199% increase in value since last sale

Current estimated payment $1,837/month

93 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Wall to Wall Carpet
  • En-Suite Primary Bedroom

About This Home

As of April 2017

Three unit building . Two apartments rented out at $700 and $500 tenant pays heat and electric and gas . Store front vacant estimate rent ($500). Corner property .Nice Corner property with 2 apartments and a store front .

Last Agent to Sell the Property

Danny Minotto

Bold Realty Listed on: 12/27/2016

Bold Realty

Last Buyer's Agent

Ron Flowers

Keller Williams Platinum Realty - Wyomissing

Keller Williams Platinum Realty - Wyomissing

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1916

Lot Details

  • 6,098 Sq Ft Lot
  • Property is in good condition

Parking

  • 3 Open Parking Spaces

Home Design

  • Triplex
  • Brick Exterior Construction
  • Stone Foundation
  • Pitched Roof

Flooring

  • Wall to Wall Carpet
  • Vinyl

Schools

  • Reading Senior High School

Utilities

  • Baseboard Heating
  • 100 Amp Service
  • Natural Gas Water Heater

Additional Features

  • En-Suite Primary Bedroom
  • Basement Fills Entire Space Under The House

Community Details

  • No Home Owners Association
  • Operating Expense $3,934

Listing and Financial Details

  • Tax Lot 4263
  • Assessor Parcel Number 18-5306-18-32-4263

Property Details

Home Type

Multi-Family

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Storage: Basement
  • Year Built: 1916
  • Remarks Public: Three unit building . Two apartments rented out at $700 and $500 tenant pays heat and electric and gas . Store front vacant estimate rent ($500). Corner property .Nice Corner property with 2 apartments and a store front .
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Fireplace: No
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Street Number Modifier: 1040

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • Roof: Pitched
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 3

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Electric, Baseboard
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: READING
  • High School: READING SENIOR
  • School District Key: 300200397169
  • High School: READING SENIOR

Lot Info

  • Improvement Assessed Value: 24500.00
  • Land Assessed Value: 67000.00
  • Land Use Code: 4126
  • Lot Size Acres: 0.14
  • Lot Dimensions: .
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6098.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: MULTI

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1464000
  • Tax Annual Amount: 3934.00
  • Assessor Parcel Number: 18-5306-18-32-4263
  • Tax Lot: 4263
  • Tax Year: 2017
  • Close Date: 04/14/2017

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2022
Sold by
Makemoneypickcom Llc
Bought by
1040 Lancaster Llc
Current Estimated Value
$299,051

Purchase Details

Listed on
Dec 27, 2016
Closed on
Apr 14, 2017
Sold by
Chen Jin X
Bought by
Makemoneypick Com Llc
Seller's Agent
Danny Minotto
Bold Realty
Buyer's Agent
Ron Flowers
Keller Williams Platinum Realty - Wyomissing
List Price
$100,000
Sold Price
$100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.75%

Purchase Details

Closed on
Sep 12, 2005
Sold by
G S Realty & Investment Corp
Bought by
Chen Jin X
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1040 Lancaster Llc $150,000 None Listed On Document
Makemoneypick Com Llc $100,000 None Available
Chen Jin X $145,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2017 04/14/17 Sold $100,000 0.0% --
04/01/2017 04/01/17 Off Market $100,000 -- --
12/27/2016 12/27/16 For Sale $100,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $2,483 $91,500 $67,000 $24,500
2024 $4,063 $91,500 $67,000 $24,500
2023 $4,000 $91,500 $67,000 $24,500
2022 $4,000 $91,500 $67,000 $24,500
2021 $4,000 $91,500 $67,000 $24,500
2020 $3,960 $91,500 $67,000 $24,500
2019 $3,960 $91,500 $67,000 $24,500
2018 $3,960 $91,500 $67,000 $24,500
2017 $3,934 $91,500 $67,000 $24,500
2016 $2,247 $91,500 $67,000 $24,500
2015 $2,247 $91,500 $67,000 $24,500
2014 $2,068 $91,500 $67,000 $24,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003331573

Bright MLS

APN: 18-5306-18-32-4263