1049 Penn St Reading, PA 19601
Penn's Common NeighborhoodEstimated Value: $438,000 - $518,058
--
Bed
--
Bath
6,182
Sq Ft
$77/Sq Ft
Est. Value
Highlights
- Corner Lot
- Historic Home
- 2-minute walk to City Park
- Hot Water Heating System
About This Home
As of June 2022Iconic Landmark Building in the heart of the lively downtown Entertainment district. Located just 3 blocks from the Doubletree Hotel and Santander Arena. This architecturally significant building in the Penn's Common Historic District is adjacent to City Park! The main level- The Restaurant was formally the legendary Dan's fine dining Restaurant and is now Cocinando Joako . Additionally, there are 3 spacious apartments each with a rear sun porch. The apartments offer great light, high ceilings , with amazing architectural detailing. Each apartment is very large and incorporates the entire level of each floor of the building. The building is reminiscent of a commercial building you would expect to see in a metropolitan area of Boston or New York! Live in or allow the apartments to cover your mortgage payment! Hurry this is a once in a life time offering!
Last Agent to Sell the Property
Sands & Company Real Estate License #RM052104A Listed on: 03/27/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,371
Year Built
- Built in 1900
Lot Details
- 2,614 Sq Ft Lot
- Corner Lot
- Historic Home
- Property is in good condition
Parking
- On-Street Parking
Home Design
- 6,182 Sq Ft Home
- Quadruplex
- Brick Exterior Construction
- Stone Siding
Utilities
- Hot Water Heating System
- Natural Gas Water Heater
Listing and Financial Details
- The owner pays for common area maintenance, gas, heat, insurance, management, sewer, snow removal, real estate taxes, water
- Tax Lot 0269
- Assessor Parcel Number 08-5317-77-10-0269
Community Details
Overview
- 4 Units
- 4-Story Building
Building Details
- Income includes apartment rentals, shop rentals
- Operating Expense $16,410
- Net Operating Income $26,730
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 27, 2022
Closed on
Apr 29, 2022
Sold by
Babcock David E and Babcock Kathleen J
Bought by
Penn State Housing Llc
Seller's Agent
The Sands Team
Sands & Company Real Estate
Buyer's Agent
Sean Devine
Sands & Company Real Estate
List Price
$339,900
Sold Price
$366,000
Premium/Discount to List
$26,100
7.68%
Total Days on Market
1
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
$112,029
Avg. Annual Appreciation
9.82%
Purchase Details
Listed on
Jan 11, 2018
Closed on
Jul 31, 2018
Sold by
Woolworth William H and Woolworth Moniruzzaman M
Bought by
Babcock David E and Babcock Kathleen J
Seller's Agent
The Sands Team
Sands & Company Real Estate
Buyer's Agent
The Sands Team
Sands & Company Real Estate
List Price
$249,900
Sold Price
$222,500
Premium/Discount to List
-$27,400
-10.96%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.80%
Original Mortgage
$107,500
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jan 30, 2006
Sold by
Smith Daniel R and Gallagher Daniel H
Bought by
Woolworth William H and Woolworth Moniruzzaman M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,603
Interest Rate
6.16%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 24, 2002
Sold by
Chowdhury A Rab and Chowdhury Khaleda
Bought by
Chowdhury A Rab
Similar Homes in Reading, PA
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 |
|---|---|---|---|
| Penn State Housing Llc | $366,000 | None Listed On Document | |
| Babcock David E | $222,500 | Regal Abstract | |
| Woolworth William H | $265,000 | None Available | |
| Chowdhury A Rab | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Babcock David E | $107,500 | |
| Previous Owner | Woolworth William H | $160,000 | |
| Previous Owner | Woolworth William H | $220,000 | |
| Previous Owner | Woolworth William H | $280,000 | |
| Previous Owner | Woolworth William H | $234,603 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/06/2022 06/06/22 | Sold | $366,000 | 0.0% | $59 / Sq Ft |
| 03/31/2022 03/31/22 | Off Market | $366,000 | -- | -- |
| 03/28/2022 03/28/22 | Pending | -- | -- | -- |
| 03/27/2022 03/27/22 | For Sale | $339,900 | +52.8% | $55 / Sq Ft |
| 07/31/2018 07/31/18 | Sold | $222,500 | 0.0% | -- |
| 06/23/2018 06/23/18 | Pending | -- | -- | -- |
| 05/31/2018 05/31/18 | Off Market | $222,500 | -- | -- |
| 05/25/2018 05/25/18 | Price Changed | $234,900 | -6.0% | -- |
| 01/11/2018 01/11/18 | For Sale | $249,900 | -- | -- |
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 | $2,741 | $101,000 | $27,300 | $73,700 |
| 2024 | $4,485 | $101,000 | $27,300 | $73,700 |
| 2023 | $4,415 | $101,000 | $27,300 | $73,700 |
| 2022 | $4,415 | $101,000 | $27,300 | $73,700 |
| 2021 | $4,415 | $101,000 | $27,300 | $73,700 |
| 2020 | $4,371 | $101,000 | $27,300 | $73,700 |
| 2019 | $4,371 | $101,000 | $27,300 | $73,700 |
| 2018 | $4,371 | $101,000 | $27,300 | $73,700 |
| 2017 | $4,342 | $101,000 | $27,300 | $73,700 |
| 2016 | $2,481 | $101,000 | $27,300 | $73,700 |
| 2015 | $2,481 | $101,000 | $27,300 | $73,700 |
| 2014 | $2,283 | $101,000 | $27,300 | $73,700 |
Source: Public Records
Agents Affiliated with this Home
-
The Sands Team
Seller's Agent in 2022
The Sands Team
Sands & Company Real Estate
(610) 401-5650
3 in this area
178 Total Sales
-
Sean Devine
Buyer's Agent in 2022
Sean Devine
Sands & Company Real Estate
(610) 451-0774
3 in this area
45 Total Sales
Map
Source: Bright MLS
MLS Number: PABK2013528
APN: 08-5317-77-10-0269
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