NOT LISTED FOR SALE

1234 Perkiomen Ave Reading, PA 19602

Penn's Common Neighborhood

Estimated Value: $250,000 - $475,000

-- Bed
5 Baths
5,720 Sq Ft
$66/Sq Ft Est. Value

Last Sold July 16, 2018

Last sale price $155,000 $27 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $2,288/month

19 Days on Market

Highlights

  • 0.09 Acre Lot
  • No HOA
  • En-Suite Primary Bedroom
  • Wood Flooring
  • 2 Car Detached Garage
  • Hot Water Heating System

About This Home

As of July 2018

Grand brick & stone 5 unit building consisting of 2 properties 1234-36 Perkiomen with over 5700sf all on one deed. 1234 side- Unit 1,1st flr is a 2BR rented at $725/Mo on a 1 yr lease. Unit 2, 2nd flr is a 3BR rented for $650/Mo and is a 1 year tenant at M/M. Unit 3, 3rd flr is a 3BR, with a 16 yr tenant rented for 575/mo leased thru 7/31/19. 1236 side - Unit 4, 1st flr is a 2BR rented for $635/mo with a 1 Yr tenant m/m. Unit 5,2nd flr is a 3BR rented at $600/mo with a 10 year tenant leased through 7/31/18. Detached garage rented for $100/mo. Tenants pay for gas cooking & elec. Owner pays for gas heat, hot water, water/sewer. Loaded with charming features. Hardwood floors. Beautiful ornamental fireplaces, pocket doors, high ceilings, natural woodwork, large basement with storage compartments. Some rents are low due to long term tenants. Amazing income producing property at 16% Cap Rate that is a must for your investment portfolio. Located in a beautiful part of the City near City Park.

Last Agent to Sell the Property

Jose Candelaria

RE/MAX Of Reading License #RS193774L Listed on: 05/10/2018

RE/MAX Of Reading

Last Buyer's Agent

Jose Candelaria

RE/MAX Of Reading License #RS193774L Listed on: 05/10/2018

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,865

Year Built

  • Built in 1900

Lot Details

  • 3,920 Sq Ft Lot
  • Property is in good condition

Parking

  • 2 Car Detached Garage
  • On-Street Parking

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Stone Foundation
  • Pitched Roof
  • Stone Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 5,720 Sq Ft Home
  • Replacement Windows

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Drainage System

Schools

  • Reading Senior High School

Utilities

  • Radiator
  • Heating System Uses Gas
  • Hot Water Heating System
  • 200+ Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 9311
  • Assessor Parcel Number 03-5316-22-19-9311

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $780
  • Insurance Expense $1,108
  • Other Expense $100
  • Operating Expense $12,820

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,865

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Inclusions: 5 Range/Ovens, 5 Ref's.
  • New Construction: No
  • Other Expense: 100.00
  • Storage: Basement
  • Year Built: 1900
  • Remarks Public: Grand brick & stone 5 unit building consisting of 2 properties 1234-36 Perkiomen with over 5700sf all on one deed. 1234 side- Unit 1,1st flr is a 2BR rented at $725/Mo on a 1 yr lease. Unit 2, 2nd flr is a 3BR rented for $650/Mo and is a 1 year tenant at M/M. Unit 3, 3rd flr is a 3BR, with a 16 yr tenant rented for 575/mo leased thru 7/31/19. 1236 side - Unit 4, 1st flr is a 2BR rented for $635/mo with a 1 Yr tenant m/m. Unit 5,2nd flr is a 3BR rented at $600/mo with a 10 year tenant leased through 7/31/18. Detached garage rented for $100/mo. Tenants pay for gas cooking & elec. Owner pays for gas heat, hot water, water/sewer. Loaded with charming features. Hardwood floors. Beautiful ornamental fireplaces, pocket doors, high ceilings, natural woodwork, large basement with storage compartments. Some rents are low due to long term tenants. Amazing income producing property at 16% Cap Rate that is a must for your investment portfolio. Located in a beautiful part of the City near City Park.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Vinyl, Tile/Brick
  • Window Features: Replacement
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance, Drainage System
  • Total Sq Ft: 5720
  • Living Area Sq Ft: 5720
  • Price Per Sq Ft: 29.72
  • Above Grade Finished Sq Ft: 5720
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1234-36

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick, Stone
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Street
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: On Street, Detached Garage

Utilities

  • Annual Heating Expense: 2827.00
  • Central Air Conditioning: No
  • Electric Expense: 780.00
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 4140.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: READING
  • High School: READING SENIOR
  • School District Key: 300200397169
  • High School: READING SENIOR

Lot Info

  • Improvement Assessed Value: 66300.00
  • Land Assessed Value: 23000.00
  • Lot Size Acres: 0.09
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3920.00
  • Property Condition: Good
  • Zoning: R3

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 39420.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

Tax Info

  • Assessor Parcel Number: 1442477
  • Tax Annual Amount: 3865.00
  • Assessor Parcel Number: 03-5316-22-19-9311
  • Tax Lot: 9311
  • Tax Year: 2018
  • Close Date: 07/16/2018

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2018
Closed on
Jul 10, 2018
Sold by
Ikre Holdings Inc
Bought by
J Property Llc
Seller's Agent
Jose Candelaria
RE/MAX Of Reading
Buyer's Agent
Jose Candelaria
RE/MAX Of Reading
List Price
$170,000
Sold Price
$155,000
Premium/Discount to List
-$15,000
-8.82%
Current Estimated Value
$377,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,830
Avg. Annual Appreciation
13.26%
Original Mortgage
$116,250
Outstanding Balance
$43,637
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$326,924

Purchase Details

Closed on
Jul 18, 2013
Sold by
Kaplinsky Ellery
Bought by
Ikre Holdings Inc

Purchase Details

Closed on
Apr 21, 2004
Sold by
Babylon Realty Llc
Bought by
Kaplinsky Ellery

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
5.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 2001
Sold by
Johnson Craig A and Johnson Robert L
Bought by
Babylon Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
6.66%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
J Property Llc $155,000 Signature Abstract
Ikre Holdings Inc -- None Available
Kaplinsky Ellery $109,000 --
Babylon Realty Llc $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open J Property Llc $116,250
Previous Owner Kaplinsky Ellery $82,000
Previous Owner Babylon Realty Llc $76,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2018 07/16/18 Sold $155,000 0.0% $27 / Sq Ft
05/29/2018 05/29/18 Pending -- -- --
05/23/2018 05/23/18 Off Market $155,000 -- --
05/10/2018 05/10/18 For Sale $170,000 -- $30 / 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 $2,424 $89,300 $23,000 $66,300
2024 $3,965 $89,300 $23,000 $66,300
2023 $3,904 $89,300 $23,000 $66,300
2022 $3,904 $89,300 $23,000 $66,300
2021 $3,904 $89,300 $23,000 $66,300
2020 $3,865 $89,300 $23,000 $66,300
2019 $3,865 $89,300 $23,000 $66,300
2018 $3,865 $89,300 $23,000 $66,300
2017 $3,839 $89,300 $23,000 $66,300
2016 $2,193 $89,300 $23,000 $66,300
2015 $2,193 $89,300 $23,000 $66,300
2014 $2,018 $89,300 $23,000 $66,300
Source: Public Records

Agents Affiliated with this Home

  • Jose Candelaria

    Seller's Agent in 2018

    Jose Candelaria

    RE/MAX of Reading

    (610) 207-8066

    1 in this area

    228 Total Sales

    Jose Candelaria
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001130278

Bright MLS

APN: 03-5316-22-19-9311

Pennsylvania Berks County Reading 19602 Penn's Common

1234 Perkiomen Ave, Reading, PA

This home is located at 1234 Perkiomen Ave, Reading, PA 19602 since 10 May 2018 and is currently estimated at $377,830, approximately $66 per square foot. This property was built in 1900. 1234 Perkiomen Ave is a home located in Berks County with nearby schools including Amanda E. Stout Elementary School, Southern Middle School, and Reading Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes