Anthony Borelli
Century 21 Gold
(484) 755-3767
269 Total Sales
2 in Penn's Common
$162K - $185K Price Range
1114 Perkiomen Ave Reading, PA 19602
Penn's Common Neighborhood
Studio
--
Baths
2,500
Sq Ft
3,920
Sq Ft Lot
Highlights
- 0.09 Acre Lot
- No HOA
- 4-minute walk to City Park
- Victorian Architecture
- Electric Baseboard Heater
About This Home
As of March 2019Large Victorian detached, fully occupied 4 unit building located in the Penn's Common Historical District. The building is well maintained and in overall good condition. Unit 1, 2nd floor rear, has 3 rooms, 1 BR, electric baseboard heat paid by tenant, gas cooking, rented for $510/month. Unit 2, 3rd floor rear, has 3 rooms, 1 BR, electric baseboard heat paid by tenant, gas cooking, rented for $500/month on the SAM Program which pays the majority of the rent. Unit 3, 1st floor rear, has 3 rooms, 1 BR, electric baseboard heat paid by tenant, gas cooking, Section 8 tenant paying $450/month. Unit 4, 1st, 2nd & 3rd floor front, has 6 rooms, 3 BRS, 2 Baths, gas cooking, rented for $795/month. 1 gas hot water heater for the 4 units paid by owner. Owner also pays for the gas for cooking for all the units. Most windows replaced. Nice front yard. Very nice income producing building. Cap Rate 14%. Great property to add to your investment portfolio.
Last Agent to Sell the Property
(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 12/11/2018
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,648
Year Built
- Built in 1920
Lot Details
- 3,920 Sq Ft Lot
- Property is in good condition
Parking
- On-Street Parking
Home Design
- Quadruplex
- Victorian Architecture
- Stone Foundation
Interior Spaces
- 2,500 Sq Ft Home
- Basement Fills Entire Space Under The House
Utilities
- Electric Baseboard Heater
- 200+ Amp Service
- Natural Gas Water Heater
- Municipal Trash
- Cable TV Available
Listing and Financial Details
- The owner pays for electricity, insurance, lawn/shrub care, repairs, sewer, sewer maintenance, snow removal, real estate taxes, trash collection, water
- Tax Lot 2032
- Assessor Parcel Number 03-5317-77-10-2032
Community Details
Overview
- No Home Owners Association
- 4 Units
- 3-Story Building
Building Details
- Income includes apartment rentals
- Insurance Expense $895
- Other Expense $2,160
- Trash Expense $1,212
- Operating Expense $8,475
- Net Operating Income $18,585
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
Dec 11, 2018
Closed on
Mar 8, 2019
Sold by
North 10Th St Llc
Bought by
Seller's Agent
Jose Candelaria
RE/MAX Of Reading
Buyer's Agent
Ed Stauffer
RE/MAX Of Reading
List Price
$139,900
Sold Price
$120,000
Premium/Discount to List
-$19,900
-14.22%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Outstanding Balance
$56,286
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 22, 2013
Sold by
North 10Th St Llc
Bought by
North 10Th St Llc
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Penn's Common, PA
-
Anthony Borelli
-
Keave Andrew Slomine
Keave Andrew Slomine
Responds QuicklyNew Republic Realty
(484) 806-8811
97 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
-
Ivonn Reyes
Ivonn Reyes
Responds QuicklyIron Valley Real Estate of Berks
(484) 642-1605
141 Total Sales
3 in Penn's Common
$65K - $225K Price Range
-
Jeff Dieffenbach
Jeff Dieffenbach
RE/MAX Evolved
(484) 755-6146
150 Total Sales
1 in Penn's Common
$215,000 Price
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 |
|---|---|---|---|
| $120,000 | Signature Abstract | ||
| North 10Th St Llc | -- | None Available |
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 |
|---|---|---|---|
| Open | $95,000 |
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 |
|---|---|---|---|---|
| 03/08/2019 03/08/19 | Sold | $120,000 | -14.2% | $48 / Sq Ft |
| 01/16/2019 01/16/19 | Pending | -- | -- | -- |
| 12/11/2018 12/11/18 | For Sale | $139,900 | -- | $56 / 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 | $1,728 | $61,200 | $25,200 | $36,000 |
| 2025 | $1,661 | $61,200 | $25,200 | $36,000 |
| 2024 | $2,718 | $61,200 | $25,200 | $36,000 |
| 2023 | $2,675 | $61,200 | $25,200 | $36,000 |
| 2022 | $2,675 | $61,200 | $25,200 | $36,000 |
| 2021 | $2,675 | $61,200 | $25,200 | $36,000 |
| 2020 | $2,649 | $61,200 | $25,200 | $36,000 |
| 2019 | $2,649 | $61,200 | $25,200 | $36,000 |
| 2018 | $2,649 | $61,200 | $25,200 | $36,000 |
| 2017 | $2,631 | $61,200 | $25,200 | $36,000 |
| 2016 | $1,503 | $61,200 | $25,200 | $36,000 |
| 2015 | $1,503 | $61,200 | $25,200 | $36,000 |
| 2014 | $1,383 | $61,200 | $25,200 | $36,000 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Candelaria
Seller's Agent in 2019
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
1 in this area
198 Total Sales
-
Ed Stauffer
Buyer's Agent in 2019
Ed Stauffer
RE/MAX of Reading
(610) 334-7099
123 Total Sales
Map
Source: Bright MLS
MLS Number: PABK199168
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