NOT LISTED FOR SALE

Estimated Value: $392,374

-- Bed
-- Bath
-- Sq Ft
1,742 Sq Ft Lot

Last Sold February 13, 2023

Last sale price $265,000

Est. 48% increase in value since last sale

Current estimated payment $2,171/month

71 Days on Market

Highlights

  • Traditional Architecture
  • Ceramic Tile Flooring
  • 5-minute walk to Barbey's Park
  • Corner Lot
  • Hot Water Baseboard Heater

About This Home

As of February 2023

Looking to break into the laundromat business? Look no further than this cash flowing successful Laundromat, an additional commercial space and one apartment unit within a high traffic count location makes up this 3 unit property. Great cash flow from the laundromat and additional rental units makes this an excellent investment opportunity. Call today for additional details and to schedule your private showing.

Last Agent to Sell the Property

Jimmy Thelusca

(973) 666-1188 jthelusca@pagodarpm.com Pagoda Realty License #RS333622 Listed on: 07/21/2022

Pagoda Realty

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,906

Year Built

  • Built in 1910

Lot Details

  • 1,742 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Home Design

  • Triplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Frame Construction
  • Rubber Roof

Flooring

  • Ceramic Tile Flooring

Utilities

  • Hot Water Baseboard Heater
  • 220 Volts
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • 2-Story Building

Listing and Financial Details

  • Tax Lot 9410
  • Assessor Parcel Number 06-5307-73-52-9410

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,906

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2022-07-21
  • Year Built: 1910
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Looking to break into the laundromat business? Look no further than this cash flowing successful Laundromat, an additional commercial space and one apartment unit within a high traffic count location makes up this 3 unit property. Great cash flow from the laundromat and additional rental units makes this an excellent investment opportunity. Call today for additional details and to schedule your private showing.
  • Special Features: None

Interior Features

  • Flooring Type: Ceramic Tile
  • Foundation Details: Brick/Mortar
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 128

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Frame
  • Roof: Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Electric Service: 220 Volts
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Natural Gas Available, Water Available
  • Water Source: Public

Schools

  • School District: READING
  • School District Key: 300200397169
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 33600.00
  • Land Assessed Value: 10000.00
  • Land Use Code: 4124
  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Property Condition: Good
  • Year Assessed: 2022
  • Zoning: MIXED

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1444261
  • School Tax: 782.00
  • Tax Annual Amount: 1906.00
  • Assessor Parcel Number: 06-5307-73-52-9410
  • Tax Lot: 9410
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 02/13/2023

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2022
Closed on
Feb 13, 2023
Sold by
Summit St Properties Llc
Bought by
J Allen Enterprise Llc
Seller's Agent
Jimmy Thelusca
Pagoda Realty
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$300,000
Sold Price
$265,000
Premium/Discount to List
-$35,000
-11.67%
Views
63
Current Estimated Value
$392,374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,374
Avg. Annual Appreciation
14.99%
Original Mortgage
$157,500
Outstanding Balance
$152,902
Interest Rate
6.33%
Mortgage Type
Construction
Estimated Equity
$228,696

Purchase Details

Closed on
Jul 29, 2021
Sold by
Dmj Llc
Bought by
Summit St 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
$120,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 29, 2019
Sold by
Jakes Coin Laundry Llc
Bought by
Dmj Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,550,000
Interest Rate
3.6%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 23, 2016
Sold by
Stubbs Maryann
Bought by
Jakes Coin Laundry Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,625
Interest Rate
3.57%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
J Allen Enterprise Llc $265,000 --
Summit St Properties Llc $110,000 Conestoga Title Company
Dmj Llc -- None Available
Jakes Coin Laundry Llc $99,000 Conestoga Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open J Allen Enterprise Llc $157,500
Previous Owner Summit St Properties Llc $120,000
Previous Owner Jakes Coin Laundry Llc $104,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2023 02/13/23 Sold $265,000 -11.7% --
10/01/2022 10/01/22 Pending -- -- --
07/21/2022 07/21/22 For Sale $300,000 -- --
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 $1,183 $43,600 $10,000 $33,600
2024 $1,936 $43,600 $10,000 $33,600
2023 $1,906 $43,600 $10,000 $33,600
2022 $1,906 $43,600 $10,000 $33,600
2021 $1,906 $43,600 $10,000 $33,600
2020 $1,887 $43,600 $10,000 $33,600
2019 $1,887 $43,600 $10,000 $33,600
2018 $1,887 $43,600 $10,000 $33,600
2017 $1,874 $43,600 $10,000 $33,600
2016 $782 $43,600 $10,000 $33,600
2015 $1,071 $43,600 $10,000 $33,600
2014 $985 $43,600 $10,000 $33,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK2019080

Bright MLS

APN: 06-5307-73-52-9410