NOT LISTED FOR SALE

116 Lafayette St Reading, PA 19605

Hyde Park-Muhlenberg Neighborhood

Estimated Value: $278,942

-- Bed
-- Bath
3,100 Sq Ft
$90/Sq Ft Est. Value

Last Sold April 30, 2020

Last sale price $172,000 $55 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $1,582/month

132 Days on Market

Highlights

  • 0.24 Acre Lot
  • Deck
  • Shed
  • Colonial Architecture
  • No HOA
  • Attic Fan

About This Home

As of April 2020

This colonial house with over 5,000 sq ft available is ready to own to live in, or continue renting to tenants. Unit 1 is on the 1st floor and has a long term tenant. This unit features a large studio with a large modern kitchen and large full bath. Unit 2 is located on the 2nd and 3rd floors. This unit features 3 bedrooms with a full kitchen and access to a beautiful deck. The top floor has a large room that can be used in many different ways depending on the tenant. Another section of the building is currently rented out to a neighbor for storage at $100/month.

Last Agent to Sell the Property

daniel parson

(717) 808-1764 admin@danparsonteam.com Keller Williams Elite License #RS324634 Listed on: 10/31/2019

Keller Williams Elite

Co-Listed By

Eric Givler

(717) 269-9636 ericgivler@rmxkeyteam.com RE/MAX Evolved License #RS345253

Last Buyer's Agent

Peter Gustis

(610) 209-9219 pete@petegustis.com Springer Realty Group

Springer Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,126

Year Built

  • Built in 1920

Lot Details

  • 10,454 Sq Ft Lot
  • Property is in good condition

Home Design

  • Duplex
  • Colonial Architecture
  • Converted Dwelling
  • Pitched Roof
  • Metal Roof
  • Aluminum Siding
  • Stucco

Interior Spaces

  • 3,100 Sq Ft Home
  • Ceiling Fan
  • Replacement Windows
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Attic Fan

Laundry

  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Open Parking Spaces
  • Driveway

Outdoor Features

  • Deck
  • Shed

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Hot Water Heating System
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • 2 Units
  • Hyde Park Subdivision

Listing and Financial Details

  • Tax Lot 9045
  • Assessor Parcel Number 66-5308-12-95-9045

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,126

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial, Converted Dwelling
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1920
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Washer, Refrigerator
  • Interior Amenities: Ceiling Fan(s), Attic/House Fan
  • Window Features: Replacement
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 3100
  • Living Area Sq Ft: 3100
  • Price Per Sq Ft: 56.42
  • Above Grade Finished Sq Ft: 3100
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Aluminum Siding, Stucco
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched, Metal
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 3
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Previous Twelve Months Electric Expense: 2700.00
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Smoke Detector, Carbon Monoxide Detector(s)
  • Sewer/Septic System: Public Sewer
  • Water Previous Twelve Months: 300.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 49200.00
  • Land Assessed Value: 45900.00
  • Lot Size Acres: 0.24
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10454.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Good
  • Zoning: MIXED USE/COMM

Rental Info

  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Rent Control: No
  • Total Actual Rent: 24000.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1543617
  • School Tax: 2922.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 4126.00
  • Assessor Parcel Number: 66-5308-12-95-9045
  • Tax Lot: 9045
  • Tax Page Number: 18
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

Multi Family

  • Other Units: Unit 3

MLS Schools

  • School District Name: MUHLENBERG

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2019
Closed on
Apr 24, 2020
Sold by
Lesniak James J and Lesniak Karen L
Bought by
Reilsnyder Angela F
Seller's Agent
daniel parson
Keller Williams Elite
Buyer's Agent
Peter Gustis
Springer Realty Group
List Price
$179,900
Sold Price
$172,000
Premium/Discount to List
-$7,900
-4.39%
Current Estimated Value
$278,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,942
Avg. Annual Appreciation
8.98%
Original Mortgage
$168,884
Outstanding Balance
$150,171
Interest Rate
3.6%
Mortgage Type
FHA
Estimated Equity
$128,771

Purchase Details

Closed on
Oct 3, 1994
Bought by
Lesniak James J and Lesniak Karen M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Reilsnyder Angela F $172,000 Edge Abstract
Lesniak James J $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reilsnyder Angela F $168,884
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2020 04/30/20 Sold $172,000 -1.7% $55 / Sq Ft
03/11/2020 03/11/20 Pending -- -- --
11/22/2019 11/22/19 Price Changed $174,900 -2.8% $56 / Sq Ft
10/31/2019 10/31/19 For Sale $179,900 -- $58 / 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 $1,428 $95,100 $45,900 $49,200
2024 $4,578 $95,100 $45,900 $49,200
2023 $4,297 $95,100 $45,900 $49,200
2022 $4,226 $95,100 $45,900 $49,200
2021 $4,126 $95,100 $45,900 $49,200
2020 $4,126 $95,100 $45,900 $49,200
2019 $4,039 $95,100 $45,900 $49,200
2018 $3,967 $95,100 $45,900 $49,200
2017 $3,893 $95,100 $45,900 $49,200
2016 $1,153 $95,100 $45,900 $49,200
2015 $1,153 $95,100 $45,900 $49,200
2014 $1,153 $95,100 $45,900 $49,200
Source: Public Records

Agents Affiliated with this Home

  • daniel parson

    Seller's Agent in 2020

    daniel parson

    Keller Williams Elite

    (717) 808-1764

    236 Total Sales

    daniel parson
    Section Image
  • Eric Givler

    Seller Co-Listing Agent in 2020

    Eric Givler

    RE/MAX

    (717) 269-9636

    101 Total Sales

    Eric Givler
    Section Image
  • Peter Gustis

    Buyer's Agent in 2020

    Peter Gustis

    Springer Realty Group

    (610) 209-9219

    64 Total Sales

    Peter Gustis
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PABK350066

Bright MLS

APN: 66-5308-12-95-9045

Pennsylvania Berks County Reading 19605 Hyde Park-Muhlenberg

116 Lafayette St, Reading, PA

Not Listed for Sale

MultiFamily

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