NOT LISTED FOR SALE

1040 Spruce St Reading, PA 19602

Southeast Community Neighborhood

Estimated Value: $62,865 - $117,000

2 Beds
1 Bath
774 Sq Ft
$116/Sq Ft Est. Value

Last Sold January 05, 2018

Last sale price $20,500 $26 Per Sq Ft

Est. 336% increase in value since last sale

Current estimated payment $535/month

11 Days on Market

Highlights

  • No HOA
  • Living Room
  • Dining Room
  • Porch
  • En-Suite Primary Bedroom
  • Baseboard Heating

About This Home

As of January 2018

This is a cozy home that could use some TLC. This might be the right property for those looking for some sweat equity. Sold As Is.

Last Agent to Sell the Property

Alex Betances

EXP Realty, LLC License #ab066202 Listed on: 10/12/2017

EXP Realty, LLC

Last Buyer's Agent

Alex Betances

EXP Realty, LLC License #ab066202 Listed on: 10/12/2017

EXP Realty, LLC

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1900

Lot Details

  • 436 Sq Ft Lot
  • Property is in below average condition

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 774 Sq Ft Home
  • Property has 2 Levels
  • Living Room
  • Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Porch

Utilities

  • Baseboard Heating
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Reading Subdivision

Listing and Financial Details

  • Tax Lot 9406
  • Assessor Parcel Number 10-5316-29-08-9406

Townhouse Details

Home Type

Townhome

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1900
  • Remarks Public: This is a cozy home that could use some TLC. This might be the right property for those looking for some sweat equity. Sold As Is.
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Levels Count: 2
  • Room Count: 6
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Bedroom 1
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Living Area Units: Square Feet
  • Total Sq Ft: 774
  • Living Area Sq Ft: 774
  • Net Sq Ft: 774.00
  • Price Per Sq Ft: 29.59
  • Above Grade Finished Sq Ft: 774
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1040

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

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

Condo/Co-op/Association

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

Schools

  • School District: READING
  • School District Key: 300200397169

Lot Info

  • Improvement Assessed Value: 11100.00
  • Land Assessed Value: 4400.00
  • Land Use Code: 112R
  • Lot Size Acres: 0.01
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 436.00
  • Outdoor Living Structures: Porch(es)
  • Property Attached Yn: Yes
  • Property Condition: Below Average
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1447772
  • Tax Annual Amount: 666.00
  • Assessor Parcel Number: 10-5316-29-08-9406
  • Tax Lot: 9406
  • Tax Year: 2017
  • Close Date: 01/05/2018

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2017
Closed on
Jan 3, 2018
Sold by
Community First Fund
Bought by
Garcia Emil J and Galan Angela M
Seller's Agent
Alex Betances
EXP Realty, LLC
Buyer's Agent
Alex Betances
EXP Realty, LLC
List Price
$22,900
Sold Price
$20,500
Premium/Discount to List
-$2,400
-10.48%
Total Days on Market
11
Current Estimated Value
$89,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,966
Avg. Annual Appreciation
21.31%

Purchase Details

Closed on
Jul 14, 2017
Sold by
Sarmiento Salinas Fredi M
Bought by
Community First Fund

Purchase Details

Closed on
Apr 13, 2011
Sold by
Rosado Carlos Lopez
Bought by
Sarmiento Salinas Fredi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
4.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 2010
Sold by
Tax Claim Bureau Of Berks County Pennsyl
Bought by
Sarmiento Salinas Fredi
Source: Public Records

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Range of Values:

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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
Garcia Emil J $20,500 --
Community First Fund $50,000 None Available
Sarmiento Salinas Fredi -- Conestoga Title Company
Sarmiento Salinas Fredi $3,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sarmiento Salinas Fredi $32,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2018 01/05/18 Sold $20,500 -10.5% $26 / Sq Ft
12/26/2017 12/26/17 Price Changed $22,900 0.0% $30 / Sq Ft
12/13/2017 12/13/17 Price Changed $22,900 +11.7% $30 / Sq Ft
10/23/2017 10/23/17 Pending -- -- --
10/23/2017 10/23/17 Off Market $20,500 -- --
10/12/2017 10/12/17 For Sale $22,900 -- $30 / Sq Ft
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 $421 $15,500 $4,400 $11,100
2024 $688 $15,500 $4,400 $11,100
2023 $678 $15,500 $4,400 $11,100
2022 $678 $15,500 $4,400 $11,100
2021 $678 $15,500 $4,400 $11,100
2020 $671 $15,500 $4,400 $11,100
2019 $1,017 $15,500 $4,400 $11,100
2018 $671 $15,500 $4,400 $11,100
2017 $666 $15,500 $4,400 $11,100
2016 $381 $15,500 $4,400 $11,100
2015 $381 $15,500 $4,400 $11,100
2014 $350 $15,500 $4,400 $11,100
Source: Public Records

Agents Affiliated with this Home

  • Alex Betances

    Seller's Agent in 2018

    Alex Betances

    EXP Realty, LLC

    (610) 926-8610

    1 in this area

    18 Total Sales

    Alex Betances
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001434091

Bright MLS

APN: 10-5316-29-08-9406

Pennsylvania Berks County Reading 19602 Southeast Community

1040 Spruce St, Reading, PA

This home is located at 1040 Spruce St, Reading, PA 19602 since 12 October 2017 and is currently estimated at $89,466, approximately $115 per square foot. This property was built in 1900. 1040 Spruce 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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