121 N Reading Ave Boyertown, PA 19512
Estimated Value: $551,514
--
Bed
--
Bath
4,500
Sq Ft
$123/Sq Ft
Est. Value
Highlights
- 0.22 Acre Lot
- No HOA
- Summer or Winter Changeover Switch For Hot Water
- Wood Flooring
- 2 Car Detached Garage
- Mobility Improvements
About This Home
As of July 2015Investor alert!! This very hard-to-find, 5-Unit, Boyertown Borough investment property, with an excellent income stream, consists of a detached, Victorian-style building that has a large, 1st floor commercial office, 4 residential apartment units, detached 2-car garage with additional revenue, plus off-street parking for the units. Landlord pays heat (oil-fired hot water, water, and sewer, for each apartment. Tenants each pay their own electric and trash removal. 1st floor commercial office tenant is responsible for grass cutting and snow removal from the sidewalk areas. See breakdown of the units: 1st floor front (commercial) unit ..$1250/mo. (Reception area, office 2 examination rooms, bath, bsmt.) 1st floor rear/side apartment unit .$ 650/mo. (Living room, kitchen, 1 bedroom, sitting room, bathroom) 2nd floor front apartment unit .....$ 705/mo. (Living room, kitchen, 2 bedroom, and bathroom)........... 2nd floor rear apartment unit ......$ 685/mo. (Living room, kitchen, 1 bedroom, and bathroom)........... 3rd floor apartment unit ...........$ 750/mo. (Living room, kitchen, dining room, 3 bedrooms, and bath) Rear Garage building unit ..........$ 100/mo. (Brick structure with OH door. Measures about 21.5' x 21')
Last Agent to Sell the Property
Brumbach Associates-Boyertown License #RM041292A Listed on: 01/05/2015
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,504
Year Built
- Built in 1902
Lot Details
- 9,583 Sq Ft Lot
- Lot Dimensions are 60' x 162'
- Property is in good condition
Parking
- 2 Car Detached Garage
- 5 Open Parking Spaces
- Parking Lot
Home Design
- Brick Exterior Construction
- Stone Foundation
- Pitched Roof
- Metal Roof
- Aluminum Siding
Interior Spaces
- En-Suite Primary Bedroom
- 4,500 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Wall to Wall Carpet
- Tile or Brick
- Vinyl
Accessible Home Design
- Mobility Improvements
Schools
- Boyertown Elementary School
Utilities
- Zoned Heating
- Heating System Uses Oil
- Radiant Heating System
- Hot Water Heating System
- 200+ Amp Service
- 100 Amp Service
- Summer or Winter Changeover Switch For Hot Water
Listing and Financial Details
- Tax Lot 2295
- Assessor Parcel Number 33-5387-20-92-2295
Community Details
Overview
- No Home Owners Association
Building Details
- Insurance Expense $2,692
- Maintenance Expense $2,484
- Operating Expense $22,829
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 5, 2015
Closed on
Jul 20, 2015
Sold by
Stetler Service Corp
Bought by
Easy Living Properties Lp
Seller's Agent
Jim Brumbach
Brumbach Associates-Boyertown
Buyer's Agent
Kurt Davidheiser
Springer Realty Group
List Price
$319,900
Sold Price
$300,000
Premium/Discount to List
-$19,900
-6.22%
Total Days on Market
172
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,514
Avg. Annual Appreciation
6.43%
Purchase Details
Closed on
Dec 11, 2003
Sold by
Brumbach Daniel B
Bought by
Stetler Service Corp
Similar Home in Boyertown, PA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Easy Living Properties Lp | $300,000 | Penn Title Co | |
| Stetler Service Corp | $245,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Stetler Service Corporation | $2,150,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/20/2015 07/20/15 | Sold | $300,000 | -6.2% | $67 / Sq Ft |
| 06/26/2015 06/26/15 | Pending | -- | -- | -- |
| 01/05/2015 01/05/15 | For Sale | $319,900 | -- | $71 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $2,959 | $153,300 | $72,500 | $80,800 |
| 2024 | $7,389 | $153,300 | $72,500 | $80,800 |
| 2023 | $7,085 | $153,300 | $72,500 | $80,800 |
| 2022 | $6,882 | $153,300 | $72,500 | $80,800 |
| 2021 | $6,645 | $153,300 | $72,500 | $80,800 |
| 2020 | $6,489 | $153,300 | $72,500 | $80,800 |
| 2019 | $6,242 | $153,300 | $72,500 | $80,800 |
| 2018 | $5,981 | $153,300 | $72,500 | $80,800 |
| 2017 | $5,792 | $153,300 | $72,500 | $80,800 |
| 2016 | $1,955 | $153,300 | $72,500 | $80,800 |
| 2015 | $1,955 | $153,300 | $72,500 | $80,800 |
| 2014 | $1,880 | $153,300 | $72,500 | $80,800 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Brumbach
J
Seller's Agent in 2015
Jim Brumbach
Brumbach Associates-Boyertown
(610) 310-8426
13 in this area
63 Total Sales
-
Kurt Davidheiser
Buyer's Agent in 2015
Kurt Davidheiser
Springer Realty Group
(610) 844-1196
7 in this area
86 Total Sales
Map
Source: Bright MLS
MLS Number: 1002516142
APN: 33-5387-20-92-2295
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