NOT LISTED FOR SALE

Estimated Value: $500,205

-- Bed
-- Bath
-- Sq Ft
3,485 Sq Ft Lot

Last Sold December 27, 2013

Last sale price $189,500

Est. 164% increase in value since last sale

Current estimated payment $3,179/month

60 Days on Market

Highlights

  • 0.08 Acre Lot
  • En-Suite Primary Bedroom
  • Radiator
  • No HOA
  • Wall to Wall Carpet

About This Home

As of December 2013

Attention Investors! 10 unit commercial building on corner. Nine one bedroom apartments, eight currently leased. Tenants pay heat and electric. Most units redone. Large commercial first floor unit currently leased to District Justice. New heat and air conditioning in office, landlord pays heat for commercial unit. High income property! Low expenses and overhead. Great investment property to add to your portfolio.

Last Listed By

Michael Yourkavitch

Coldwell Banker Realty Listed on: 09/06/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,678

Year Built

  • Built in 1910

Lot Details

  • 3,485 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Flooring

  • Wall to Wall Carpet
  • Vinyl

Schools

  • Reading Senior High School

Utilities

  • Radiator
  • Heating System Uses Oil
  • 200+ Amp Service
  • Electric Water Heater

Additional Features

  • En-Suite Primary Bedroom
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Tax Lot 6248
  • Assessor Parcel Number 17-5317-37-07-6248

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $5,000
  • Maintenance Expense $4,103
  • Other Expense $1,925
  • Operating Expense $22,006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,678

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Personal Property
  • Inclusions: Apartment Refrigerators & Stoves
  • New Construction: No
  • Other Expense: 1925.00
  • Year Built: 1910
  • Remarks Public: Attention Investors! 10 unit commercial building on corner. Nine one bedroom apartments, eight currently leased. Tenants pay heat and electric. Most units redone. Large commercial first floor unit currently leased to District Justice. New heat and air conditioning in office, landlord pays heat for commercial unit. High income property! Low expenses and overhead. Great investment property to add to your portfolio.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Fireplace: No
  • Entry Location: Private
  • Foundation Details: Concrete Perimeter
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Street Number Modifier: 1259

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • 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
  • Type Of Parking: On Street

Utilities

  • Annual Heating Expense: 2500.00
  • Central Air Conditioning: No
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Oil
  • Heating Type: Oil, Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 4800.00
  • 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: 68600.00
  • Land Assessed Value: 23400.00
  • Land Use Code: 4126
  • Lot Size Acres: 0.08
  • Lot Dimensions: SEE LEGAL DESCRIP
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3485.00
  • Property Condition: Good
  • Zoning: MIXED

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 82068.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7,Unit 9

Tax Info

  • Assessor Parcel Number: 1463196
  • Tax Annual Amount: 3678.00
  • Assessor Parcel Number: 17-5317-37-07-6248
  • Tax Lot: 6248
  • Tax Year: 2013
  • Close Date: 12/27/2013

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 9, 2023
Sold by
Hope Randolph
Bought by
Op-Mid 1231 Llc
Total Days on Market
60
Current Estimated Value
$500,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$565,400
Outstanding Balance
$550,693
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2023
Sold by
Rme Properties Llc
Bought by
Op-1231 North 10Th Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$565,400
Outstanding Balance
$550,693
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2021
Sold by
Teh Realty 73 Llc
Bought by
Rme Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Sep 6, 2013
Closed on
Dec 27, 2013
Sold by
Weisman Brad S
Bought by
T E H Realty 73 Llc
Seller's Agent
Michael Yourkavitch
Coldwell Banker Realty
Buyer's Agent
AnnaMarie Ortiz
Coldwell Banker Realty
List Price
$239,900
Sold Price
$189,500
Premium/Discount to List
-$50,400
-21.01%

Purchase Details

Closed on
Jul 19, 1999
Bought by
Weisman Brad S

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
Op-Mid 1231 Llc $43,833 --
Op-1231 North 10Th Llc $398,490 --
Rme Properties Llc $475,000 Conestoga Title Company
T E H Realty 73 Llc $189,500 None Available
Weisman Brad S $299,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Op-1231 North 10Th Llc $565,400
Previous Owner Rme Properties Llc $360,000
Previous Owner Weisman Bradley S $217,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2013 12/27/13 Sold $189,500 -21.0% --
11/05/2013 11/05/13 Pending -- -- --
09/06/2013 09/06/13 For Sale $239,900 -- --
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 $4,872 $179,500 $23,400 $156,100
2024 $7,971 $179,500 $23,400 $156,100
2023 $7,847 $179,500 $23,400 $156,100
2022 $4,022 $92,000 $23,400 $68,600
2021 $4,022 $92,000 $23,400 $68,600
2020 $3,981 $92,000 $23,400 $68,600
2019 $3,981 $92,000 $23,400 $68,600
2018 $3,981 $92,000 $23,400 $68,600
2017 $3,955 $92,000 $23,400 $68,600
2016 $2,260 $92,000 $23,400 $68,600
2015 $2,260 $92,000 $23,400 $68,600
2014 $2,079 $92,000 $23,400 $68,600
Source: Public Records

Agents Affiliated with this Home

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Source: Bright MLS

MLS Number: 1003577996

Bright MLS

APN: 17-5317-37-07-6248