NOT LISTED FOR SALE

1261 Reading Rd Denver, PA 17517

Estimated Value: $288,583

Studio
-- Bath
5,000 Sq Ft
$58/Sq Ft Est. Value

Sale Details

Date Sold: June 16, 2023

Last sale price $255,000 $51 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,930 / mo

151 Days on Market

Highlights

  • Deck
  • Window Unit Cooling System
  • Hot Water Heating System
  • Straight Thru Architecture
  • Awning
  • Wood Siding

About This Home

As of June 2023

REAL ESTATE CONSISTS OF A WOOD-SIDED DWELLING, BUILT IN APPROX 1890, CONTAINING A FIRST FLOOR COMMERCIAL UNIT AND TWO RESIDENTIAL APARTMENTS. PROPERTY IS ZONED NEIGHBORHOOD COMMERCIAL WHICH PROVIDES FOR A WIDE VARIETY OF POTENTIAL USES!
UNIT #1 – FIRST FLOOR – APPROX. 1,650 SQ. FT. COMMERCIAL / RETAIL UNIT CONSISTING OF MOSTLY OPEN SPACE. (ONCE A CIGAR FACTORY, PREVIOUSLY AN ANTIQUE STORE). THERE IS A KITCHENETTE AS WELL AS A HALF BATH. MAIN FRONT ENTRANCE AS WELL AS A LOADING DOCK IN THE REAR. HAND OPERATED FREIGHT ELEVATOR. FULL BASEMENT. OIL HOT WATER HEAT.
UNIT #2 – 2ND FLOOR – 2 BEDROOM, 1 BATHROOM RESIDENTIAL APARTMENT. OIL HOT WATER HEAT (SAME FURNACE THAT SERVES FIRST FLOOR).
UNIT #3 – 3RD FLOOR – 3 BEDROOM / 1.5 BATH RESIDENTIAL APARTMENT WITH LAUNDRY. PROPANE HEAT. SITUATED ON A 0.27 (+/-) ACRE LOT, THERE IS PARKING IN THE REAR FOR APPROXIMATELY 8 VEHICLES. THIS BUILDING FEATURES NEARLY 5,000 SQ. FT., AND IMMENSE POTENTIAL THROUGHOUT. THIS IS A FANTASTIC INVESTMENT OPPORTUNITY, AND THE SELLER IS MOTIVATED TO SELL. YOU WON’T WANT TO MISS THIS!

Last Agent to Sell the Property

Brad Wolf

(717) 738-9986 mfox@homesale.com Berkshire Hathaway HomeServices Homesale Realty License #RS304855 Listed on: 11/16/2022

Berkshire Hathaway HomeServices Homesale Realty

Last Buyer's Agent

Shawn Koppenhaver

(717) 273-1631 hollykrall@howardhanna.com Howard Hanna Krall Real Estate License #RS288639

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,285

Year Built

  • Built in 1890

Lot Details

  • 11,761 Sq Ft Lot

Home Design

  • Triplex
  • Straight Thru Architecture
  • Traditional Architecture
  • Block Foundation
  • Wood Siding

Interior Spaces

  • 5,000 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Deck
  • Awning

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Heating System Powered By Owned Propane
  • Hot Water Heating System
  • 200+ Amp Service
  • Well
  • Electric Water Heater

Community Details

  • 3 Units
  • Bowmansville Subdivision

Listing and Financial Details

  • Assessor Parcel Number 040-30719-0-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,285

Year Built

Built in 1890

Lot Details

0.27 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Straight Thru, Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1890
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 5000
  • Living Area Sq Ft: 5000
  • Price Per Sq Ft: 55.80
  • Above Grade Finished Sq Ft: 5000
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Wood Siding
  • Exterior Features: Awning(s)
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Off Street, Parking Lot
  • Parking Lot Number Of Spaces: 8

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Oil, Propane - Owned
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.27
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11761.00
  • Outdoor Living Structures: Deck(s)
  • Zoning: NEIGHBORHOOD COMMERCIAL

Rental Info

  • Existing Lease Type: None
  • Vacation Rental: No

Tax Info

  • School Tax: 3314.00
  • Tax Annual Amount: 4285.00
  • Assessor Parcel Number: 040-30719-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023

MLS Schools

  • School District Name: EASTERN LANCASTER COUNTY

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2022
Closed on
Jun 16, 2023
Sold by
Bought by
Seller's Agent
Brad Wolf
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
Shawn Koppenhaver
Howard Hanna Krall Real Estate
List Price
$300,000
Sold Price
$255,000
Premium/Discount to List
-$45,000
-15%
Views
378
Current Estimated Value
$288,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,583
Avg. Annual Appreciation
4.20%
Original Mortgage
$191,250
Outstanding Balance
$176,091
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$112,492
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$255,000 None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $191,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/16/2023 06/16/23 Sold $255,000 -8.6% $51 / Sq Ft
04/16/2023 04/16/23 Pending -- -- --
03/15/2023 03/15/23 Price Changed $279,000 -3.5% $56 / Sq Ft
02/09/2023 02/09/23 Price Changed $289,000 -3.7% $58 / Sq Ft
11/16/2022 11/16/22 For Sale $300,000 -- $60 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $4,451 $254,200 $54,400 $199,800
2025 $4,375 $254,200 $54,400 $199,800
2024 $4,375 $254,200 $54,400 $199,800
2023 $4,285 $254,200 $54,400 $199,800
2022 $4,211 $254,200 $54,400 $199,800
2021 $4,001 $254,200 $54,400 $199,800
2020 $4,001 $254,200 $54,400 $199,800
2019 $3,954 $254,200 $54,400 $199,800
2018 $6,297 $254,200 $54,400 $199,800
2017 $3,556 $186,700 $51,200 $135,500
2016 $3,556 $186,700 $51,200 $135,500
2015 $748 $186,700 $51,200 $135,500
2014 $2,691 $186,700 $51,200 $135,500
Source: Public Records

Agents Affiliated with this Home

  • Brad Wolf

    Seller's Agent in 2023

    Brad Wolf

    Berkshire Hathaway HomeServices Homesale Realty

    (717) 371-9603

    59 Total Sales

    Brad Wolf
    Section Image
  • Shawn Koppenhaver

    Buyer's Agent in 2023

    Shawn Koppenhaver

    Howard Hanna Krall Real Estate

    (717) 679-2482

    106 Total Sales

    Shawn Koppenhaver
    Section Image
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Map

Source: Bright MLS

MLS Number: PALA2027984

Bright MLS

APN: 040-30719-0-0000

Pennsylvania Lancaster County Denver 17517

1261 Reading Rd, Denver, PA

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