NOT LISTED FOR SALE

1325 Mineral Spring Rd Reading, PA 19602

Penn's Common Neighborhood

Estimated Value: $202,412 - $283,000

-- Bed
3 Baths
2,307 Sq Ft
$104/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $162,000 $70 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $1,415/month

75 Days on Market

Highlights

  • 0.16 Acre Lot
  • Marble Flooring
  • Porch
  • Colonial Architecture
  • No HOA
  • Eat-In Kitchen

About This Home

As of September 2021

Investment opportunity! Well maintained 3-unit property that is currently rented. Units 1 and 2 are on a yearly lease and unit 3 is on a month-to-month basis.

Last Agent to Sell the Property

Anthony Borelli

Century 21 Gold License #RS227951L Listed on: 05/22/2021

Century 21 Gold

Last Buyer's Agent

Sam Acevedo

Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,575

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot
  • Sloped Lot
  • Back Yard
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Colonial Architecture
  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 2,307 Sq Ft Home
  • Ceiling height of 9 feet or more
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range

Flooring

  • Marble
  • Vinyl

Outdoor Features

  • Exterior Lighting
  • Porch

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • 100 Amp Service
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • The owner pays for sewer, real estate taxes, trash collection, water
  • Tax Lot 5143
  • Assessor Parcel Number 16-5316-06-29-5143

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Hessian Camp Subdivision

Building Details

  • Income includes apartment rentals
  • Operating Expense $7,265
  • Gross Income $24,300
  • Net Operating Income $17,035

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,575

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Colonial, Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Investment opportunity! Well maintained 3-unit property that is currently rented. Units 1 and 2 are on a yearly lease and unit 3 is on a month-to-month basis.
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Electric, Oven/Range - Gas, Refrigerator
  • Flooring Type: Marble, Vinyl
  • Interior Amenities: Kitchen - Eat-In
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2307
  • Living Area Sq Ft: 2307
  • Price Per Sq Ft: 73.26
  • Above Grade Finished Sq Ft: 2307
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1325

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick Veneer, Masonry, Vinyl Siding
  • Exterior Features: Exterior Lighting, Sidewalks, Street Lights
  • Road Surface Type: Paved
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public
  • Internet Services: Cable

Condo/Co-op/Association

  • HOA: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 30700.00
  • Land Assessed Value: 28200.00
  • Land Use Code: 116
  • Lot Features: Rear Yard, Sloping
  • Lot Size Acres: 0.16
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6970.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Very Good
  • Year Assessed: 2021
  • Zoning: R-3

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Owner Pays: Sewer, Taxes - Real Estate, Trash Collection, Water
  • Total Actual Rent: 24300.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1458225
  • School Tax: 1056.00
  • Tax Annual Amount: 2575.00
  • Assessor Parcel Number: 16-5316-06-29-5143
  • Tax Lot: 5143
  • Tax Total Finished Sq Ft: 2307
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 09/30/2021

Multi Family

  • Gross Income: 24300.00
  • Gross Scheduled Income: 24300.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 7265.00
  • 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
May 22, 2021
Closed on
Sep 30, 2021
Sold by
Ipl Group Llc
Bought by
Gonzalez Angel Javier Soto
Seller's Agent
Anthony Borelli
Century 21 Gold
Buyer's Agent
Sam Acevedo
Coldwell Banker Realty
List Price
$154,900
Sold Price
$162,000
Premium/Discount to List
$7,100
4.58%
Current Estimated Value
$232,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,117
Avg. Annual Appreciation
10.98%
Original Mortgage
$159,065
Outstanding Balance
$146,617
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$95,309

Purchase Details

Listed on
Apr 13, 2019
Closed on
Jul 26, 2019
Sold by
Westervelt James C
Bought by
Ipi Group Llc
Seller's Agent
Mark Shanaman
RE/MAX Of Reading
Buyer's Agent
Anthony Borelli
Century 21 Gold
List Price
$129,900
Sold Price
$120,000
Premium/Discount to List
-$9,900
-7.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.76%
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
Gonzalez Angel Javier Soto $162,000 Abes Abstract Llc
Ipi Group Llc $120,000 Edge Abstract
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Angel Javier Soto $159,065
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2021 09/30/21 Sold $162,000 -4.1% $70 / Sq Ft
08/05/2021 08/05/21 Pending -- -- --
07/26/2021 07/26/21 Price Changed $169,000 +9.1% $73 / Sq Ft
07/26/2021 07/26/21 For Sale $154,900 0.0% $67 / Sq Ft
06/11/2021 06/11/21 Pending -- -- --
05/22/2021 05/22/21 For Sale $154,900 +29.1% $67 / Sq Ft
07/26/2019 07/26/19 Sold $120,000 -7.6% $52 / Sq Ft
05/22/2019 05/22/19 Pending -- -- --
04/13/2019 04/13/19 For Sale $129,900 -- $56 / Sq Ft
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 $1,599 $58,900 $28,200 $30,700
2024 $2,615 $58,900 $28,200 $30,700
2023 $2,575 $58,900 $28,200 $30,700
2022 $2,575 $58,900 $28,200 $30,700
2021 $2,575 $58,900 $28,200 $30,700
2020 $2,549 $58,900 $28,200 $30,700
2019 $2,549 $58,900 $28,200 $30,700
2018 $2,549 $58,900 $28,200 $30,700
2017 $2,532 $58,900 $28,200 $30,700
2016 $1,447 $58,900 $28,200 $30,700
2015 $1,447 $58,900 $28,200 $30,700
2014 $1,331 $58,900 $28,200 $30,700
Source: Public Records

Agents Affiliated with this Home

  • Anthony Borelli

    Seller's Agent in 2021

    Anthony Borelli

    Century 21 Gold

    (610) 507-3520

    2 in this area

    283 Total Sales

    Section Image
  • Sam Acevedo

    Buyer's Agent in 2021

    Sam Acevedo

    Coldwell Banker Realty

    (484) 824-3241

    1 in this area

    23 Total Sales

    Section Image
  • Mark Shanaman

    Seller's Agent in 2019

    Mark Shanaman

    RE/MAX of Reading

    (484) 256-7956

    1 in this area

    127 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: PABK378084

Bright MLS

APN: 16-5316-06-29-5143

Pennsylvania Berks County Reading 19602 Penn's Common

1325 Mineral Spring Rd, Reading, PA

This home is located at 1325 Mineral Spring Rd, Reading, PA 19602 since 22 May 2021 and is currently estimated at $240,353, approximately $104 per square foot. This property was built in 1900. 1325 Mineral Spring Rd is a home located in Berks County with nearby schools including 16th & Haak Elementary School, Central Middle School, and Reading Senior High School.

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