NOT LISTED FOR SALE

Estimated Value: $118,892

-- Bed
-- Bath
-- Sq Ft
2,178 Sq Ft Lot

Last Sold September 06, 2018

Last sale price $75,900

Est. 57% increase in value since last sale

Current estimated payment $752/month

17 Days on Market

Highlights

  • Wood Flooring
  • Shed
  • Baseboard Heating
  • No HOA
  • En-Suite Primary Bedroom

About This Home

As of September 2018

Calling all investors! Fully leased, easy to rent, 3 unit building just off Franklin Street. Gross scheduled annual income of $21,240. Tenants pay their own heat. Property can be sold as part of a package deal; 719 N 9th (4 units), 935 N 9th (2 units) and 1003 N 10th (3 units).

Last Agent to Sell the Property

Marisa Aikman

Compass RE License #RS335707 Listed on: 06/26/2018

Compass RE

Last Buyer's Agent

Ed Stauffer

RE/MAX Of Reading License #RS294153

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,597

Year Built

  • Built in 1890

Lot Details

  • 2,178

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Flooring

  • Wood
  • Vinyl

Outdoor Features

  • Shed
  • Storage Shed

Schools

  • Reading Senior High School

Utilities

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

Additional Features

  • En-Suite Primary Bedroom
  • Basement Fills Entire Space Under The House
  • 2,178 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 6343
  • Assessor Parcel Number 03-5316-21-09-6343

Community Details

Overview

  • No Home Owners Association
  • Southern Reading Subdivision

Building Details

  • Electric Expense $2,012
  • Operating Expense $7,929

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,597

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property
  • Inclusions: 3 Refrigerators And 3 Stoves
  • New Construction: No
  • Storage: Shed
  • Year Built: 1890
  • Remarks Public: Calling all investors! Fully leased, easy to rent, 3 unit building just off Franklin Street. Gross scheduled annual income of $21,240. Tenants pay their own heat. Property can be sold as part of a package deal; 719 N 9th (4 units), 935 N 9th (2 units) and 1003 N 10th (3 units).
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Vinyl
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Street Number Modifier: 127

Exterior Features

  • Construction Materials: Brick
  • 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

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Electric Expense: 2012.00
  • Electric Service: Circuit Breakers, Fuses
  • Heating Fuel: Electric
  • Heating Type: Electric, Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 4320.00
  • 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: 25900.00
  • Land Assessed Value: 11000.00
  • Land Use Code: 4119
  • Lot Size Acres: 0.05
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Zoning: R-3

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 21240.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1442067
  • Tax Annual Amount: 1597.00
  • Assessor Parcel Number: 03-5316-21-09-6343
  • Tax Lot: 6343
  • Tax Year: 2018
  • Close Date: 09/06/2018

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 17, 2019
Sold by
Erato Christopher and Erato Elena
Bought by
Erato Elena
Total Days on Market
17
Current Estimated Value
$118,892

Purchase Details

Listed on
Jun 26, 2018
Closed on
Aug 28, 2018
Sold by
Nittany Investment Group Llc
Bought by
Erato Christopher and Erato Elena
Seller's Agent
Marisa Aikman
Compass RE
Buyer's Agent
Ed Stauffer
RE/MAX Of Reading
List Price
$85,900
Sold Price
$75,900
Premium/Discount to List
-$10,000
-11.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.87%
Original Mortgage
$56,925
Outstanding Balance
$50,047
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$68,845

Purchase Details

Closed on
Apr 5, 2010
Sold by
Guerra Carlos A and Guerra Gladys E
Bought by
Nittany Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,350
Interest Rate
5.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 6, 2006
Sold by
Longo Rentals Reading Llc
Bought by
Guerra Carlos A and Guerra Gladys E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
6.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 13, 2003
Sold by
Mock Kristine B
Bought by
Longo Rentals Reading 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
Erato Elena -- None Available
Erato Christopher $75,900 Signature Abstract
Nittany Investment Group Llc $69,000 None Available
Guerra Carlos A $62,900 None Available
Longo Rentals Reading Llc $47,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Erato Christopher $56,925
Previous Owner Nittany Investment Group Llc $60,000
Previous Owner Nittany Investment Group Llc $231,350
Previous Owner Guerra Carlos A $10,000
Previous Owner Guerra Carlos A $46,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2018 09/06/18 Sold $75,900 -11.6% --
07/13/2018 07/13/18 Pending -- -- --
06/26/2018 06/26/18 For Sale $85,900 -- --
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 $1,002 $36,900 $11,000 $25,900
2024 $1,639 $36,900 $11,000 $25,900
2023 $1,613 $36,900 $11,000 $25,900
2022 $1,613 $36,900 $11,000 $25,900
2021 $1,613 $36,900 $11,000 $25,900
2020 $1,597 $36,900 $11,000 $25,900
2019 $1,597 $36,900 $11,000 $25,900
2018 $1,597 $36,900 $11,000 $25,900
2017 $1,586 $36,900 $11,000 $25,900
2016 $906 $36,900 $11,000 $25,900
2015 $906 $36,900 $11,000 $25,900
2014 $834 $36,900 $11,000 $25,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001944286

Bright MLS

APN: 03-5316-21-09-6343