NOT LISTED FOR SALE

1250 Reading Rd Denver, PA 17517

Estimated Value: $960,646

-- Bed
1 Bath
-- Sq Ft
0.38 Acres

Last Sold October 27, 2014

Last sale price $600,000

Est. 60% increase in value since last sale

Current estimated payment $5,804/month

226 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • 5-minute walk to Bowmansville Park
  • Outdoor Storage

About This Home

As of October 2014

Rehab 2010 4 residential rentals, 1 current pizza shop, great rental income property. Turnkey, lots of appliances, 30x38 bank barn, heat pumps, electric, windows, roofs, kitchen, flooring, plumbing all redone in the last 4 years.

Last Agent to Sell the Property

Michael Gordon

(717) 475-6028 mgordon@homesale.com Berkshire Hathaway HomeServices Homesale Realty License #RS163102A Listed on: 02/10/2014

Berkshire Hathaway HomeServices Homesale Realty

Last Buyer's Agent

Judy Hertzog

(717) 371-9303 jhertzog@homesale.com Berkshire Hathaway HomeServices Homesale Realty

Berkshire Hathaway HomeServices Homesale Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,894

Year Built

  • Built in 1857

Lot Details

  • 0.38

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof
  • Stone Siding
  • Vinyl Siding
  • Stucco

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry

Parking

  • 8 Parking Spaces
  • Off-Street Parking

Schools

  • Brecknock Elementary School
  • Garden Spot Middle School
  • Garden Spot High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • 200+ Amp Service
  • Well
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Washer and Dryer Hookup
  • Outdoor Storage
  • 0.38 Acre Lot

Listing and Financial Details

  • Tenant pays for heat, hot water, electricity
  • Assessor Parcel Number 0405433100000

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Bowmansville Subdivision

Building Details

  • Income includes apartment rentals, professional offices
  • Electric Expense $360
  • Insurance Expense $3,716
  • Trash Expense $1,920
  • Operating Expense $9,996
  • Net Operating Income $41,349

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,894

Year Built

Built in 1857

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Converted Dwelling
  • New Construction: No
  • Storage: Basement
  • Year Built: 1857
  • Remarks Public: Rehab 2010 4 residential rentals, 1 current pizza shop, great rental income property. Turnkey, lots of appliances, 30x38 bank barn, heat pumps, electric, windows, roofs, kitchen, flooring, plumbing all redone in the last 4 years.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Washer/Dryer Hookups Only
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Outside Entrance, Partial, Unfinished
  • Street Number Modifier: 1250

Exterior Features

  • Construction Materials: Brick, Stone, Stucco, Vinyl Siding
  • Construction Completed: No
  • Exterior Features: Secure Storage
  • Roof: Composite, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Spaces Total: 8.00
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Electric Expense: 360.00
  • Electric Service: 200+ Amp Service
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 4000.00
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District: EASTERN LANCASTER COUNTY
  • Elementary School: BRECKNOCK
  • Middle School: GARDEN SPOT
  • High School: GARDEN SPOT
  • School District Key: 300200397372
  • Elementary School: BRECKNOCK
  • High School: GARDEN SPOT
  • Middle Or Junior School: GARDEN SPOT

Lot Info

  • Lot Size Acres: 0.38
  • Zoning: NEIGHBORCOMM
  • Zoning Description: Other - See Remarks
  • In City Limits: Yes

Rental Info

  • Tenant Pays: Heat, Hot Water, Electricity
  • Vacation Rental: No

Tax Info

  • School Tax: 3829.82
  • Tax Annual Amount: 4893.67
  • Assessor Parcel Number: 0405433100000
  • County Tax Payment Frequency: Annually
  • Close Date: 10/27/2014

Multi Family

  • Gross Income: 56160.00
  • Income Includes: Apartment Rentals, Professional Offices
  • Metering: Fully Separate
  • Operating Expense: 9996.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: EASTERN LANCASTER COUNTY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2014
Closed on
Oct 27, 2014
Sold by
Ready Enterprises Llc
Bought by
Weaver Galen L and Weaver Roberta K
Seller's Agent
Michael Gordon
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
Judy Hertzog
Berkshire Hathaway HomeServices Homesale Realty
List Price
$599,000
Sold Price
$600,000
Premium/Discount to List
$1,000
0.17%
Current Estimated Value
$960,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$360,646
Avg. Annual Appreciation
4.38%

Purchase Details

Closed on
Jan 9, 2009
Sold by
Delaware Valley Council Of American Yout
Bought by
Ready Enterprises Llc
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
Weaver Galen L $475,000 None Available
Ready Enterprises Llc $125,000 Stewart Title Guaranty Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2014 10/27/14 Sold $600,000 +0.2% --
09/24/2014 09/24/14 Pending -- -- --
02/10/2014 02/10/14 For Sale $599,000 -- --
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 $8,710 $506,100 $58,500 $447,600
2024 $8,710 $506,100 $58,500 $447,600
2023 $8,531 $506,100 $58,500 $447,600
2022 $8,385 $506,100 $58,500 $447,600
2021 $7,965 $506,100 $58,500 $447,600
2020 $7,965 $506,100 $58,500 $447,600
2019 $7,871 $506,100 $58,500 $447,600
2018 $9,377 $506,100 $58,500 $447,600
2017 $5,060 $265,700 $55,000 $210,700
2016 $5,060 $265,700 $55,000 $210,700
2015 $1,064 $265,700 $55,000 $210,700
2014 $3,830 $265,700 $55,000 $210,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002731465

Bright MLS

APN: 040-54331-0-0000