NOT LISTED FOR SALE

Estimated Value: $126,115

-- Bed
-- Bath
1,200 Sq Ft
$105/Sq Ft Est. Value

Last Sold January 18, 2024

Last sale price $142,000 $118 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $721/month

55 Days on Market

Highlights

  • Traditional Architecture
  • Double Pane Windows
  • Electric Baseboard Heater
  • Double Door Entry
  • Patio

About This Home

As of January 2024

Welcome to this fantastic multi-unit property featuring two separate 2-bedroom units. Unit 1 - The upper unit is a spacious 2-bedroom residence with 1 bathroom. The property is currently leased on a yearly basis at $975.00 per month.
Unit 2 - Lower Level: On the lower level, you'll find another 2-bedroom unit with 1 bathroom. The flexibility of a month-to-month lease at $950.00 per month makes it an attractive option for various tenant needs.
This multi-unit property offers an excellent cash flow opportunity. The owner pays for the water, sewer, and trash. The tenants pay for the electricity. Don't miss the chance to make this versatile property yours - contact us today to schedule a viewing and explore the potential it holds.

Last Agent to Sell the Property

Luke Berg

United Real Estate Strive 212 License #RS346603 Listed on: 11/10/2023

United Real Estate Strive 212

Last Buyer's Agent

Laura Flores

Keller Williams Platinum Realty - Wyomissing

Keller Williams Platinum Realty - Wyomissing

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $664

Year Built

  • Built in 1900

Lot Details

  • 1,306

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation
  • Rubber Roof

Interior Spaces

  • 1,200 Sq Ft Home
  • Double Pane Windows
  • Double Door Entry
  • Electric Oven or Range

Parking

  • On-Street Parking
  • Parking Lot

Utilities

  • Electric Baseboard Heater
  • 100 Amp Service
  • Electric Water Heater

Additional Features

  • Patio
  • 1,306 Sq Ft Lot
  • Urban Location

Listing and Financial Details

  • The owner pays for sewer, trash collection, water
  • Tax Lot 9473
  • Assessor Parcel Number 05-5306-26-69-9473

Community Details

Overview

  • 2 Units
  • 2-Story Building

Building Details

  • Operating Expense $2,400
  • Gross Income $23,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$664

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Tenants personal property. 1st floor tenants own the refrigerator.
  • New Construction: No
  • Expected On Market: 11/10/2023 12:00:00 AM
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to this fantastic multi-unit property featuring two separate 2-bedroom units. Unit 1 - The upper unit is a spacious 2-bedroom residence with 1 bathroom. The property is currently leased on a yearly basis at $975.00 per month. Unit 2 - Lower Level: On the lower level, you'll find another 2-bedroom unit with 1 bathroom. The flexibility of a month-to-month lease at $950.00 per month makes it an attractive option for various tenant needs. This multi-unit property offers an excellent cash flow opportunity. The owner pays for the water, sewer, and trash. The tenants pay for the electricity. Don't miss the chance to make this versatile property yours - contact us today to schedule a viewing and explore the potential it holds.
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Electric
  • Window Features: Double Pane
  • Fireplace: No
  • Door Features: Double Entry
  • Foundation Details: Slab
  • Basement: No
  • Total Sq Ft: 1200
  • Living Area Sq Ft: 1200
  • Price Per Sq Ft: 129.08
  • Above Grade Finished Sq Ft: 1200
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 116

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Mixed
  • Road Surface Type: Paved
  • Roof: Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street, Parking Lot

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available
  • Water Source: Public

Schools

  • School District: READING
  • School District Key: 300200397169
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 3326
  • Lot Size Acres: 0.03
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1306.00
  • Outdoor Living Structures: Patio(s)
  • Soil Types: Unknown
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Owner Pays: Sewer, Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 23100.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 273.00
  • Tax Annual Amount: 664.00
  • Assessor Parcel Number: 05-5306-26-69-9473
  • Tax Lot: 9473
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 01/18/2024

Multi Family

  • Gross Scheduled Income: 23100.00
  • Operating Expense: 2400.00
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2023
Closed on
Jan 12, 2024
Sold by
Stoltzfus Joshua
Bought by
Ram Real Estate Llc
Seller's Agent
Luke Berg
United Real Estate Strive 212
Buyer's Agent
Laura Flores
Keller Williams Platinum Realty - Wyomissing
List Price
$159,900
Sold Price
$142,000
Premium/Discount to List
-$17,900
-11.19%
Views
84
Current Estimated Value
$126,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,885
Original Mortgage
$176,000
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 1, 2022
Closed on
Sep 7, 2022
Sold by
Ioan Onisa
Bought by
Stoltzfus Joshua
Seller's Agent
John Gantkowski
Iron Valley Real Estate of Berks
Buyer's Agent
Luke Berg
United Real Estate Strive 212
List Price
$125,000
Sold Price
$115,000
Premium/Discount to List
-$10,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.77%
Original Mortgage
$92,000
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2007
Sold by
Martin James F
Bought by
Onisa Ioan
Source: Public Records

Range of Values:

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Average Value
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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
Ram Real Estate Llc $142,000 Stewart Title
Stoltzfus Joshua $115,000 --
Onisa Ioan $1,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bam Real Estate Llc $127,500
Closed Ram Real Estate Llc $176,000
Previous Owner Stoltzfus Joshua $92,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2024 01/18/24 Sold $142,000 -8.3% $118 / Sq Ft
01/05/2024 01/05/24 Pending -- -- --
12/18/2023 12/18/23 Price Changed $154,900 -3.1% $129 / Sq Ft
11/10/2023 11/10/23 For Sale $159,900 +39.0% $133 / Sq Ft
09/07/2022 09/07/22 Sold $115,000 0.0% $96 / Sq Ft
08/04/2022 08/04/22 Pending -- -- --
08/04/2022 08/04/22 Off Market $115,000 -- --
08/01/2022 08/01/22 For Sale $125,000 -- $104 / 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 $413 $15,200 $4,400 $10,800
2024 $675 $15,200 $4,400 $10,800
2023 $664 $15,200 $4,400 $10,800
2022 $664 $15,200 $4,400 $10,800
2021 $664 $15,200 $4,400 $10,800
2020 $658 $15,200 $4,400 $10,800
2019 $658 $15,200 $4,400 $10,800
2018 $658 $15,200 $4,400 $10,800
2017 $653 $15,200 $4,400 $10,800
2016 $373 $15,200 $4,400 $10,800
2015 $373 $15,200 $4,400 $10,800
2014 $344 $15,200 $4,400 $10,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK2036834

Bright MLS

APN: 05-5306-26-69-9473