NOT LISTED FOR SALE

119 S 5th St Reading, PA 19602

Studio
-- Bath
-- Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: August 30, 2016

Last sale price $220,000

34 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • West Facing Home
  • No HOA

About This Home

As of August 2016

Great return on investment! The main building has 5 occupied units where the tenants pay heat and electric. There is also space on the first floor in the front that is currently vacant. A very large basement creates even more opportunity. The building in the back of the property is perfect to rent out as a garage or another business. There are rooms on the second floor of the garage. The vacant garage has been rented for $1300/month. All of the utilities are separate for this building so that it can be the tenant's responsibility. The property is conveniently located to transportation, shopping, and other businesses, including a laundromat next door. Contact the listing agent to set up your private showing- 24-hour notice please.

Last Agent to Sell the Property

Collier Golden

(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS320941 Listed on: 05/26/2016

RE/MAX Of Reading

Last Buyer's Agent

Jorge Diaz

(484) 273-0056 lighthouserealtylv@gmail.com Light House Realtors, LLC License #RS328499

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,211

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot
  • West Facing Home
  • Property is in good condition

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation

Flooring

  • Wood
  • Laminate

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • 4 Parking Spaces
  • On-Street Parking

Utilities

  • Baseboard Heating
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 0305
  • Assessor Parcel Number 04-5306-27-89-0305

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $1,000
  • Insurance Expense $1,386
  • Maintenance Expense $500
  • Other Expense $960
  • Operating Expense $10,859

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,211

Year Built

Built in 1900

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Inclusions: 5 Refrigerators, 5 Ranges
  • New Construction: No
  • Other Expense: 960.00
  • Storage: Basement
  • Year Built: 1900
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Laminated
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Garage Features: Oversized
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 1000.00
  • Heating Fuel: Electric
  • Heating Type: Electric, Baseboard
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 3840.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 32300.00
  • Land Assessed Value: 42400.00
  • Lot Size Acres: 0.16
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6970.00
  • Property Condition: Good
  • Zoning: CC

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 60000.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

Tax Info

  • Assessor Parcel Number: 1442729
  • Tax Annual Amount: 3211.00
  • Assessor Parcel Number: 04-5306-27-89-0305
  • Tax Lot: 0305
  • Tax Year: 2016

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
May 26, 2016
Closed on
Aug 27, 2016
Sold by
Bought by
Seller's Agent
Collier Golden
RE/MAX Of Reading
Buyer's Agent
Jorge Diaz
Light House Realtors, LLC
List Price
$230,000
Sold Price
$220,000
Premium/Discount to List
-$10,000
-4.35%

Purchase Details

Closed on
Oct 28, 2005
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
$127,920
Interest Rate
0.0628%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$220,000 None Available
$159,900 First American Title Ins Co
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
Closed $127,920
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
08/30/2016 08/30/16 Sold $220,000 -4.3% --
06/29/2016 06/29/16 Pending -- -- --
05/26/2016 05/26/16 For Sale $230,000 -- --
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 $3,416 $121,000 $54,900 $66,100
2025 $3,284 $121,000 $54,900 $66,100
2024 $5,373 $121,000 $54,900 $66,100
2023 $5,290 $121,000 $54,900 $66,100
2022 $5,290 $121,000 $54,900 $66,100
2021 $5,290 $121,000 $54,900 $66,100
2020 $5,236 $121,000 $54,900 $66,100
2019 $5,236 $121,000 $54,900 $66,100
2018 $3,233 $74,700 $42,400 $32,300
2017 $3,211 $74,700 $42,400 $32,300
2016 $1,835 $74,700 $42,400 $32,300
2015 $1,835 $74,700 $42,400 $32,300
2014 $1,688 $74,700 $42,400 $32,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003895107

Bright MLS
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