NOT LISTED FOR SALE

108 Philadelphia Ave Reading, PA 19607

Estimated Value: $357,000 - $374,000

-- Bed
3 Baths
3,026 Sq Ft
$120/Sq Ft Est. Value

Last Sold July 22, 2022

Last sale price $304,700 $101 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,087/month

9 Days on Market

About This Home

As of July 2022

This listing is being sold with 110 E Philadelphia Ave for a total purchase price of 599,900.00. Each have their own deeds. There are 3 apartments in each building and a paved parking lot that both share to the rear of the property. 110 also has a coin operated laundry that is shared with 108. These are both amazing turn key and well kept investment properties that have been family owned for years. Tenants in 108 each have their own electric hot water heater and are responsible for their electric bill. New roof on both buildings in 2017. Other updates include newer windows, updated kitchens, and flooring. Both have been continually updated and renewed. This is an excellent investment property to add to your portfolio. Conveniently located with easy access to major roads and shopping.

Last Agent to Sell the Property

Linda Strain

RE/MAX Of Reading License #RS141501A Listed on: 05/10/2022

RE/MAX Of Reading

Last Buyer's Agent

Mark Shanaman

RE/MAX Of Reading License #RS182255L

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,578

Year Built

  • Built in 1928

Lot Details

  • 3,484 Sq Ft Lot

Parking

  • Parking Lot

Home Design

  • Triplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 3,026 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Hot Water Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for water, sewer, gas, insurance, real estate taxes
  • Tax Lot 6900
  • Assessor Parcel Number 77-4395-08-77-6900

Community Details

Overview

  • 3 Units

Building Details

  • Income includes apartment rentals
  • Operating Expense $10,142
  • Net Operating Income $19,858

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,578

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1928
  • Automatically Close On Close Date: Yes
  • Remarks Public: This listing is being sold with 110 E Philadelphia Ave for a total purchase price of 599,900.00. Each have their own deeds. There are 3 apartments in each building and a paved parking lot that both share to the rear of the property. 110 also has a coin operated laundry that is shared with 108. These are both amazing turn key and well kept investment properties that have been family owned for years. Tenants in 108 each have their own electric hot water heater and are responsible for their electric bill. New roof on both buildings in 2017. Other updates include newer windows, updated kitchens, and flooring. Both have been continually updated and renewed. This is an excellent investment property to add to your portfolio. Conveniently located with easy access to major roads and shopping.
  • Special Features: None

Interior Features

  • Foundation Details: Brick/Mortar
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3026
  • Living Area Sq Ft: 3026
  • Price Per Sq Ft: 100.69
  • Above Grade Finished Sq Ft: 3026
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 108

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

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

Schools

  • School District: GOVERNOR MIFFLIN
  • School District Key: 300200397317
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 54500.00
  • Land Assessed Value: 27000.00
  • Land Use Code: 163
  • Lot Size Acres: 0.08
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3484.00
  • Year Assessed: 2022
  • Zoning: R3

Rental Info

  • Existing Lease Type: Yearly, Month To Month
  • Number Of Units Month To Month: 1
  • Owner Pays: Water, Sewer, Gas, Insurance, Taxes - Real Estate
  • Total Actual Rent: 30000.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1563938
  • School Tax: 2372.00
  • Tax Annual Amount: 3578.00
  • Assessor Parcel Number: 77-4395-08-77-6900
  • Tax Lot: 6900
  • Tax Page Number: 3
  • Tax Total Finished Sq Ft: 3026
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 07/22/2022

Multi Family

  • Gross Income: 30000.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 10142.00
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: GOVERNOR MIFFLIN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2025
Sold by
Risbon Timothy Brian
Bought by
108 Philly Ave Shillington Llc
Current Estimated Value
$363,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 10, 2022
Closed on
Jul 18, 2022
Sold by
Hirneisn Neil K
Bought by
Risbon Timothy Brian
Seller's Agent
Linda Strain
RE/MAX Of Reading
Buyer's Agent
Mark Shanaman
RE/MAX Of Reading
List Price
$599,900
Sold Price
$304,700
Premium/Discount to List
-$295,200
-49.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.86%
Original Mortgage
$228,525
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2017
Sold by
Conway Lisa Hirneisen and Hirneisen Dean Y
Bought by
Hirneisen Kent A and Grace Hirneisen M

Purchase Details

Closed on
Jan 26, 2017
Sold by
Hirneisen Kent A
Bought by
Hirneisen Kent A and Grace Hirneisen M

Purchase Details

Closed on
May 1, 1970
Bought by
Hirneisen Kent A
Source: Public Records

Range of Values:

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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
108 Philly Ave Shillington Llc -- Bedrock Land Transfer Services
Risbon Timothy Brian $304,700 Himeisen Jennifer B
Hirneisen Kent A -- --
Hirneisen Kent A -- --
Hirneisen Kent A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 108 Philly Ave Shillington Llc $318,750
Previous Owner Risbon Timothy Brian $228,525
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2022 07/22/22 Sold $304,700 0.0% $101 / Sq Ft
07/18/2022 07/18/22 Price Changed $304,700 -49.2% $101 / Sq Ft
05/19/2022 05/19/22 Pending -- -- --
05/10/2022 05/10/22 For Sale $599,900 -- $198 / 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 $1,316 $81,500 $27,000 $54,500
2024 $3,715 $81,500 $27,000 $54,500
2023 $3,618 $81,500 $27,000 $54,500
2022 $3,578 $81,500 $27,000 $54,500
2021 $3,537 $81,500 $27,000 $54,500
2020 $3,537 $81,500 $27,000 $54,500
2019 $3,496 $81,500 $27,000 $54,500
2018 $3,455 $81,500 $27,000 $54,500
2017 $3,391 $81,500 $27,000 $54,500
2016 $1,183 $81,500 $27,000 $54,500
2015 $1,159 $81,500 $27,000 $54,500
2014 $1,059 $81,500 $27,000 $54,500
Source: Public Records

Agents Affiliated with this Home

  • Linda Strain

    Seller's Agent in 2022

    Linda Strain

    RE/MAX of Reading

    (610) 780-0033

    5 in this area

    91 Total Sales

    Linda Strain
    Section Image
  • Mark Shanaman

    Buyer's Agent in 2022

    Mark Shanaman

    RE/MAX of Reading

    (484) 256-7956

    4 in this area

    123 Total Sales

    Mark Shanaman
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PABK2015632

Bright MLS

APN: 77-4395-08-77-6900

Pennsylvania Berks County Reading 19607

108 Philadelphia Ave, Reading, PA

This home is located at 108 Philadelphia Ave, Reading, PA 19607 since 10 May 2022 and is currently estimated at $363,582, approximately $120 per square foot. This property was built in 1928. 108 Philadelphia Ave is a home located in Berks County with nearby schools including Cumru Elementary School, Governor Mifflin Intermediate School, and Governor Mifflin Middle School.

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