NOT LISTED FOR SALE

123 N Reading Ave Boyertown, PA 19512

Estimated Value: $286,702 - $319,000

-- Bed
2 Baths
2,364 Sq Ft
$128/Sq Ft Est. Value

Last Sold June 01, 2021

Last sale price $240,000 $102 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $1,776/month

2 Days on Market

Highlights

  • Traditional Architecture
  • 1 Car Detached Garage
  • Hot Water Heating System
  • No HOA
  • Summer or Winter Changeover Switch For Hot Water

About This Home

As of June 2021

Fantastic opportunity for owner occupied two unit! First floor 2 bedroom unit has been renovated and is ready for new owner. Second floor one bedroom unit has long time tenant who wants to stay. Currently owner occupied first floor has large eat-in kitchen complete with tile floor, double sink, recessed lighting, plenty of cabinets, pantry, electric range, built-in microwave and dishwasher. It is very bright and cheerful! In addition to updating kitchen, current owner installed beautiful hardwood flooring, updated bathroom and fenced in the backyard. High ceilings grace entire first floor. Second floor has separate enclosed side entrance which leads to charming one bedroom unit with ample closet space! This tenant currently pays $830/month. One heater with two zone heat. Owner pays heat for entire building. Basement has outside entrance for second floor and inside access from first floor. Washer and dryer hook-ups for each unit. Locked storage areas for each unit as well. This is a great opportunity to live in one unit and collect income from second or ready for any investor to start renting both from day one.

Last Agent to Sell the Property

Amber Buchanan

Realty One Group Restore - Collegeville License #RS274850 Listed on: 04/16/2021

Realty One Group Restore - Collegeville

Last Buyer's Agent

Dana Riegel

RE/MAX Of Reading

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,538

Year Built

  • Built in 1905

Lot Details

  • 3,920 Sq Ft Lot

Parking

  • 1 Car Detached Garage
  • Rear-Facing Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,364 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Oil
  • Hot Water Heating System
  • Summer or Winter Changeover Switch For Hot Water

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • The owner pays for heat, insurance, lawn/shrub care, sewer, snow removal, trash collection, water
  • Tax Lot 3310
  • Assessor Parcel Number 33-5387-20-92-3310

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,538

Year Built

Built in 1905

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: 2 washers, 2 dryers and tenant refrigerator
  • Inclusions: 1st floor refrigerator
  • New Construction: No
  • Year Built: 1905
  • Automatically Close On Close Date: No
  • Remarks Public: Fantastic opportunity for owner occupied two unit! First floor 2 bedroom unit has been renovated and is ready for new owner. Second floor one bedroom unit has long time tenant who wants to stay. Currently owner occupied first floor has large eat-in kitchen complete with tile floor, double sink, recessed lighting, plenty of cabinets, pantry, electric range, built-in microwave and dishwasher. It is very bright and cheerful! In addition to updating kitchen, current owner installed beautiful hardwood flooring, updated bathroom and fenced in the backyard. High ceilings grace entire first floor. Second floor has separate enclosed side entrance which leads to charming one bedroom unit with ample closet space! This tenant currently pays $830/month. One heater with two zone heat. Owner pays heat for entire building. Basement has outside entrance for second floor and inside access from first floor. Washer and dryer hook-ups for each unit. Locked storage areas for each unit as well. This is a great opportunity to live in one unit and collect income from second or ready for any investor to start renting both from day one.
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2364
  • Living Area Sq Ft: 2364
  • Price Per Sq Ft: 95.18
  • Above Grade Finished Sq Ft: 2364
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 123

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 Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Detached Garage, Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: S/W Changeover
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: BOYERTOWN AREA
  • School District Key: 300200397307
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 65500.00
  • Land Assessed Value: 39200.00
  • Land Use Code: 121D
  • Lot Size Acres: 0.09
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3920.00
  • Year Assessed: 2021
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month, Owner Occupied
  • Owner Pays: Heat, Insurance, Lawn/Shrub Care, Sewer, Snow Removal, Trash Collection, Water
  • Total Actual Rent: 9960.00
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1485261
  • School Tax: 2953.00
  • Tax Annual Amount: 4538.00
  • Assessor Parcel Number: 33-5387-20-92-3310
  • Tax Lot: 3310
  • Tax Total Finished Sq Ft: 2364
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 06/01/2021

MLS Schools

  • School District Name: BOYERTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2021
Closed on
Jun 1, 2021
Sold by
Covaleski Zachary R
Bought by
141 N 4Th Street Llc
Seller's Agent
Amber Buchanan
Realty One Group Restore - Collegeville
Buyer's Agent
Dana Riegel
RE/MAX Of Reading
List Price
$225,000
Sold Price
$240,000
Premium/Discount to List
$15,000
6.67%
Total Days on Market
2
Current Estimated Value
$302,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,926
Avg. Annual Appreciation
6.72%
Original Mortgage
$164,000
Outstanding Balance
$150,089
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$161,164

Purchase Details

Closed on
Jul 18, 2016
Sold by
Shankweiler Robert A and Nulty Pamela M
Bought by
Covaleski Zachary R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,192
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 27, 2002
Sold by
Wilson Donnalee
Bought by
Shankweiler Robert A and Nulty Pamela M
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
141 N 4Th Street Llc $240,000 Signature Abstract
Covaleski Zachary R $160,000 None Available
Shankweiler Robert A $109,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 141 N 4Th Street Llc $164,000
Previous Owner Covaleski Zachary R $152,192
Previous Owner Shankweiler Robert A $102,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2021 06/01/21 Sold $240,000 +6.7% $102 / Sq Ft
04/18/2021 04/18/21 Pending -- -- --
04/16/2021 04/16/21 For Sale $225,000 -- $95 / 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 $2,021 $104,700 $39,200 $65,500
2024 $5,046 $104,700 $39,200 $65,500
2023 $4,839 $104,700 $39,200 $65,500
2022 $4,700 $104,700 $39,200 $65,500
2021 $4,538 $104,700 $39,200 $65,500
2020 $4,432 $104,700 $39,200 $65,500
2019 $4,263 $104,700 $39,200 $65,500
2018 $4,085 $104,700 $39,200 $65,500
2017 $3,956 $104,700 $39,200 $65,500
2016 $1,362 $104,700 $39,200 $65,500
2015 $1,335 $104,700 $39,200 $65,500
2014 $1,284 $104,700 $39,200 $65,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK375906

Bright MLS

APN: 33-5387-20-92-3310