NOT LISTED FOR SALE

1262 Perkiomen Ave Reading, PA 19602

Penn's Common Neighborhood

Estimated Value: $230,584

-- Bed
-- Bath
-- Sq Ft
6,534 Sq Ft Lot

Last Sold March 03, 2014

Last sale price $149,000

Est. 55% increase in value since last sale

Current estimated payment $1,463/month

Highlights

  • 0.15 Acre Lot
  • En-Suite Primary Bedroom
  • Heating System Uses Gas
  • No HOA
  • Laundry Facilities

About This Home

As of March 2014

Unbelievable Opportunity! 5 Unit Apartment Building with all units rented! 2 Apartments are Section 8 Approved. 2 Car Garage and Street Parking. Newer Gas Heater. Bring Your Offers!

Last Agent to Sell the Property

Glen Russell

(610) 850-9493 glen@glenrussell.com EXP Realty, LLC Listed on: 06/10/2013

EXP Realty, LLC

Last Buyer's Agent

Li Zhao

(267) 303-3688 lizhaotarget@yahoo.com Target Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 6,534 Sq Ft Lot
  • Property is in good condition

Home Design

  • Brick Exterior Construction
  • Slate Roof

Parking

  • 2 Parking Spaces
  • On-Street Parking

Schools

  • Reading Senior High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Electric Water Heater

Additional Features

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

Listing and Financial Details

  • Tax Lot 1112
  • Assessor Parcel Number 03-5316-22-29-1112

Community Details

Building Details

  • Electric Expense $1,114
  • Insurance Expense $1,917
  • Maintenance Expense $2,085
  • Other Expense $1,200
  • Operating Expense $16,756

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 1200.00
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Room List: Master Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Common

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Slate
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: On Street

Utilities

  • Annual Heating Expense: 3048.00
  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Electric Expense: 1114.00
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 3142.00
  • 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: 70300.00
  • Land Assessed Value: 36000.00
  • Land Use Code: 4117
  • Lot Size Acres: 0.15
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6534.00
  • Property Condition: Good
  • Zoning: COM

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 35525.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

Tax Info

  • Assessor Parcel Number: 1442484
  • Tax Annual Amount: 4250.00
  • Assessor Parcel Number: 03-5316-22-29-1112
  • Tax Lot: 1112
  • Tax Year: 2013
  • Close Date: 03/03/2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2019
Sold by
Teng Dawei and Fu Yuanchun
Bought by
Morales Rosado Daniel
Current Estimated Value
$230,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,400
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 10, 2013
Closed on
Feb 27, 2014
Sold by
Hoffman Steven E and Hoffman Donna M
Bought by
Teng Dawei and Fu Yuanchun
Seller's Agent
Glen Russell
EXP Realty, LLC
Buyer's Agent
Li Zhao
Target Realty
List Price
$155,000
Sold Price
$149,000
Premium/Discount to List
-$6,000
-3.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.63%

Purchase Details

Closed on
Nov 9, 2006
Sold by
Acevado Miguel
Bought by
Nave Vincent J

Purchase Details

Closed on
Oct 21, 2005
Sold by
Hess Jason A and Nave Vincent J
Bought by
Acevedo Miguel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
5.86%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 8, 2003
Sold by
Mccone Deborah L
Bought by
Hess Joseph A and Nave Vincent J
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
Morales Rosado Daniel $140,500 Wyomissing Abstract Llc
Teng Dawei $149,000 None Available
Nave Vincent J -- None Available
Acevedo Miguel A $198,000 Conestoga Title Insurance Co
Hess Joseph A $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morales Rosado Daniel $112,400
Previous Owner Acevedo Miguel A $198,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2014 03/03/14 Sold $149,000 -3.9% --
03/01/2014 03/01/14 Pending -- -- --
06/10/2013 06/10/13 For Sale $155,000 -- --
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 $2,885 $106,300 $36,000 $70,300
2024 $4,720 $106,300 $36,000 $70,300
2023 $4,647 $106,300 $36,000 $70,300
2022 $4,647 $106,300 $36,000 $70,300
2021 $4,647 $106,300 $36,000 $70,300
2020 $4,600 $106,300 $36,000 $70,300
2019 $4,600 $106,300 $36,000 $70,300
2018 $4,600 $106,300 $36,000 $70,300
2017 $4,570 $106,300 $36,000 $70,300
2016 $2,611 $106,300 $36,000 $70,300
2015 $2,611 $106,300 $36,000 $70,300
2014 $2,402 $106,300 $36,000 $70,300
Source: Public Records

Agents Affiliated with this Home

  • Glen Russell

    Seller's Agent in 2014

    Glen Russell

    EXP Realty, LLC

    (610) 850-9493

    111 Total Sales

    Glen Russell
    Section Image

  • L

    Buyer's Agent in 2014

    Li Zhao

    Target Realty

    (267) 303-3688

    3 Total Sales

    Li Zhao
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003483720

Bright MLS

APN: 03-5316-22-29-1112

Pennsylvania Berks County Reading 19602 Penn's Common

1262 Perkiomen Ave, Reading, PA

This home is located at 1262 Perkiomen Ave, Reading, PA 19602 since 10 June 2013 and is currently estimated at $230,584. This property was built in 1890. 1262 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