NOT LISTED FOR SALE
Studio
3 Baths
2,812 Sq Ft
1,742 Sq Ft Lot

Sale Details

Date Sold: October 28, 2020

Last sale price $136,000 $48 Per Sq Ft

17 Days on Market

Highlights

  • Straight Thru Architecture
  • Hot Water Heating System
  • 5-minute walk to Riverfront Park
  • No HOA

About This Home

As of October 2020

A virtually no vacancy 3 unit two blocks off of Penn St. One tenant is there for 24 years, another 19 years and the 3rd tenant about 12 years. Heating boiler was installed 5-7 years ago and all new electrical panel boxes were installed about 9 years ago. Each tenant has their own gas hot water heater. This landlord had 3 multi units in Reading. The 1st two sold in a few days. This too will sell in a short time!

Last Agent to Sell the Property

Gilbert Carbon

(610) 779-2500 office@c21gold.com Century 21 Gold License #AB067371 Listed on: 08/14/2020

Century 21 Gold

Last Buyer's Agent

Jose Manzueta

(610) 750-6078 josemanzueta946@gmail.com JM Diamond Realty License #RM426115

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,415

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Straight Thru Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,812 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • 100 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 05-5306-26-69-8430

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 3-Story Building

Building Details

  • Insurance Expense $1,800
  • Maintenance Expense $1,200
  • Manager Expense $2,034
  • Operating Expense $11,174
  • Net Operating Income $9,166

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,415

Year Built

Built in 1900

Lot Details

1,742 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2812
  • Living Area Sq Ft: 2812
  • Price Per Sq Ft: 49.75
  • Above Grade Finished Sq Ft: 2812
  • Above Grade Finished Area Units: Square Feet

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: On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Professional Management Expense: 2034.00

Schools

  • School District Source: Listing Agent

Lot Info

  • Land Assessed Value: 7700.00
  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Zoning: R-3

Rental Info

  • Existing Lease Type: Month To Month
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1443071
  • School Tax: 586.00
  • Tax Annual Amount: 1415.00
  • Assessor Parcel Number: 05-5306-26-69-8430
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Gross Income: 20340.00
  • Operating Expense: 11174.00
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: READING

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
Aug 14, 2020
Closed on
Oct 27, 2020
Sold by
Bought by
Seller's Agent
Gilbert Carbon
Century 21 Gold
Buyer's Agent
Jose Manzueta
JM Diamond Realty
List Price
$139,900
Sold Price
$136,000
Premium/Discount to List
-$3,900
-2.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,536
Outstanding Balance
$116,331
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 25, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,359
Interest Rate
6.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
6.71%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$136,000 Stewart Abstract
$85,000 None Available
$90,000 None Available
$85,000 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 $133,536
Previous Owner $63,750
Previous Owner $82,359
Previous Owner $68,000
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
10/28/2020 10/28/20 Sold $136,000 -2.8% $48 / Sq Ft
08/31/2020 08/31/20 Pending -- -- --
08/14/2020 08/14/20 For Sale $139,900 -- $50 / 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 $923 $32,700 $7,700 $25,000
2025 $888 $32,700 $7,700 $25,000
2024 $1,452 $32,700 $7,700 $25,000
2023 $1,430 $32,700 $7,700 $25,000
2022 $1,430 $32,700 $7,700 $25,000
2021 $1,430 $32,700 $7,700 $25,000
2020 $1,415 $32,700 $7,700 $25,000
2019 $1,415 $32,700 $7,700 $25,000
2018 $1,415 $32,700 $7,700 $25,000
2017 $1,406 $32,700 $7,700 $25,000
2016 $586 $32,700 $7,700 $25,000
2015 $803 $32,700 $7,700 $25,000
2014 $739 $32,700 $7,700 $25,000
Source: Public Records

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Map

Source: Bright MLS

MLS Number: PABK362368

Bright MLS

APN: 5306-26-69-8430

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