Seller's Agent in 2021
Jason Miller
Coldwell Banker Realty
(484) 721-7218
1 in this area
59 Total Sales
1313 N 9th St Reading, PA 19604
Northeast Reading NeighborhoodEstimated Value: $215,438
--
Bed
--
Bath
3,920
Sq Ft
$55/Sq Ft
Est. Value
Highlights
- 0.09 Acre Lot
- 7 Car Attached Garage
- Doors with lever handles
- No HOA
- Patio
- Electric Baseboard Heater
About This Home
As of February 20211313 N. 9th St is a triplex with many option on how to use it. Currently the property is set up for 3 apartment units all fully rented, with an additional 5 car garage and a separate 2 car garage. There is a cement courtyard in the back. The 1 bedroom unit has the 5 car garage attached to it, if you wanted to open a car repair or paint shop and also live in the front part, you most certainly can do that. the 1st floor unit is 2 bedroom. The 2nd floor unit is 3 bedrooms. The third unit is an efficiency apartment with a 5 car garage attached to it . The 2 car garage is being used as a storage area , which in all this property grosses 15% cap rate . Taxes are extremely low for this type of investment and in all this property boasts. 24 hours notice is required do to notifying tenants of showings.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,597
Year Built
- Built in 1970
Lot Details
- 3,920
Parking
- 7 Car Attached Garage
- Assigned Parking Garage Space
- Rear-Facing Garage
- Garage Door Opener
- On-Street Parking
Home Design
- 3,920 Sq Ft Home
- Triplex
- Flat Roof Shape
- Brick Exterior Construction
- Vinyl Siding
- Stucco
Utilities
- Window Unit Cooling System
- Radiator
- Electric Baseboard Heater
- Natural Gas Water Heater
Additional Features
- Doors with lever handles
- Patio
- 3,920 Sq Ft Lot
- Unfinished Basement
Listing and Financial Details
- The owner pays for sewer, water, trash collection, real estate taxes
- Tax Lot 1408
- Assessor Parcel Number 17-5317-37-07-1408
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Income includes apartment rentals
- Insurance Expense $1,100
- Trash Expense $600
- Net Operating Income $23,940
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 8, 2020
Closed on
Feb 25, 2021
Sold by
Newton Robert
Bought by
Arce Noemy
Seller's Agent
Jason Miller
Coldwell Banker Realty
Buyer's Agent
Joseph Colon
Coldwell Banker Realty
List Price
$160,000
Sold Price
$160,000
Total Days on Market
120
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,438
Avg. Annual Appreciation
7.71%
Original Mortgage
$136,000
Outstanding Balance
$123,292
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$95,321
Purchase Details
Closed on
Sep 21, 2018
Sold by
Porter Edward J
Bought by
Newton Robert
Purchase Details
Closed on
Apr 24, 2014
Sold by
Porter Edward J and Maureen Porter D
Bought by
Porter Edward J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
4.19%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Dec 14, 1998
Bought by
Porter Edward J and Porter Maureen D
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Arce Noemy | $160,000 | Edge Abstract | |
| Newton Robert | $50,000 | None Available | |
| Porter Edward J | -- | None Available | |
| Porter Edward J | $64,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Arce Noemy | $136,000 | |
| Previous Owner | Porter Edward J | $44,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/25/2021 02/25/21 | Sold | $160,000 | 0.0% | $41 / Sq Ft |
| 01/07/2021 01/07/21 | Pending | -- | -- | -- |
| 12/28/2020 12/28/20 | For Sale | $160,000 | 0.0% | $41 / Sq Ft |
| 11/16/2020 11/16/20 | Pending | -- | -- | -- |
| 10/27/2020 10/27/20 | For Sale | $160,000 | 0.0% | $41 / Sq Ft |
| 10/15/2020 10/15/20 | Off Market | $160,000 | -- | -- |
| 09/08/2020 09/08/20 | For Sale | $160,000 | -- | $41 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,612 | $59,400 | $24,800 | $34,600 |
| 2024 | $2,638 | $59,400 | $24,800 | $34,600 |
| 2023 | $2,597 | $59,400 | $24,800 | $34,600 |
| 2022 | $2,597 | $59,400 | $24,800 | $34,600 |
| 2021 | $2,597 | $59,400 | $24,800 | $34,600 |
| 2020 | $2,571 | $59,400 | $24,800 | $34,600 |
| 2019 | $2,571 | $59,400 | $24,800 | $34,600 |
| 2018 | $2,571 | $59,400 | $24,800 | $34,600 |
| 2017 | $2,554 | $59,400 | $24,800 | $34,600 |
| 2016 | $1,459 | $59,400 | $24,800 | $34,600 |
| 2015 | $1,459 | $59,400 | $24,800 | $34,600 |
| 2014 | $1,342 | $59,400 | $24,800 | $34,600 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Miller
-
Joseph Colon
Buyer's Agent in 2021
Joseph Colon
Coldwell Banker Realty
(484) 650-6749
28 in this area
212 Total Sales
Map
Similar Homes in Reading, PA
Source: Bright MLS
MLS Number: PABK363680
APN: 17-5317-37-07-1408
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