$45,000
SOLD JUL 12, 2018
-- Bed
-- Bath
1,232 Sq Ft
1,307 Sq Ft Lot

Recently Sold

$37 Per Sq Ft

10% Below List Price

Highlights

  • No HOA
  • Forced Air Heating System
  • Wall to Wall Carpet
  • En-Suite Primary Bedroom

About This Home

As of January 2021

Solid 2 unit apartment building. double digit cap rate money maker. This is 1 of a 3 property investor portfolio. Buy one or buy them all. Could also live in one unit and rent the other for a very low cost of living.

Last Agent to Sell the Property

Zack Moore

(484) 256-5136 zmoore@beckhampierce.com Beckham & Pierce, Inc Listed on: 04/27/2018

Last Buyer's Agent

Matthew Stauffer

(484) 269-6612 mstaufferrealtor@aol.com United Real Estate Strive 212

United Real Estate Strive 212

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 1,307 Sq Ft Lot
  • Lot Dimensions are 220 x 30

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Stone Foundation
  • Pitched Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,232 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Schools

  • Reading Senior High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • 100 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 5225
  • Assessor Parcel Number 16-5316-31-28-5225

Community Details

Overview

  • No Home Owners Association
  • Reading Subdivision

Building Details

  • Electric Expense $266
  • Insurance Expense $908
  • Maintenance Expense $784
  • Other Expense $265
  • Operating Expense $5,221

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 265.00
  • Storage: Basement
  • Year Built: 1900
  • Remarks Public: Solid 2 unit apartment building. double digit cap rate money maker. This is 1 of a 3 property investor portfolio. Buy one or buy them all. Could also live in one unit and rent the other for a very low cost of living.
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl, Laminated
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Hookup
  • Total Sq Ft: 1232
  • Living Area Sq Ft: 1232
  • Price Per Sq Ft: 40.50
  • Above Grade Finished Sq Ft: 1232
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1337

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding, Vinyl Siding, Brick
  • Exterior Features: Sidewalks
  • Roof: Pitched
  • 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
  • Electric Expense: 266.00
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1656.00
  • 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: 19800.00
  • Land Assessed Value: 11200.00
  • Land Use Code: 112R
  • Lot Size Acres: 0.03
  • Lot Dimensions: 220 X 30
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1307.00
  • Zoning: R-3

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 13500.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1458895
  • Tax Annual Amount: 1342.00
  • Assessor Parcel Number: 16-5316-31-28-5225
  • Tax Lot: 5225
  • Tax Year: 2018
  • Close Date: 07/12/2018

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2020
Closed on
Feb 11, 2021
Sold by
Tigurion Ventures Llc
Bought by
Rettenberg Louis
Seller's Agent
Matthew Stauffer
United Real Estate Strive 212
Buyer's Agent
Alexander Jackson
Coldwell Banker Realty
List Price
$79,900
Sold Price
$75,000
Premium/Discount to List
-$4,900
-6.13%
Current Estimated Value
$140,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,670
Avg. Annual Appreciation
14.38%
Original Mortgage
$45,250
Outstanding Balance
$40,471
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$100,199

Purchase Details

Listed on
Apr 27, 2018
Closed on
Jul 5, 2018
Sold by
Mindel David and Barr Bruce F
Bought by
Tigurion Ventures Llc
Seller's Agent
Zack Moore
Beckham & Pierce, Inc
Buyer's Agent
Matthew Stauffer
United Real Estate Strive 212
List Price
$49,999
Sold Price
$45,000
Premium/Discount to List
-$4,999
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.18%

Purchase Details

Closed on
Oct 29, 2007
Sold by
Freire Richard and Freire Lissette
Bought by
Mindel David and Barr Bruce F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2005
Sold by
Rhodes William H
Bought by
Freire Richard and Freire Lissette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,910
Interest Rate
5.79%
Mortgage Type
Fannie Mae Freddie Mac
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 Type Sale Price Title Company
Deed $75,000 Title Services
Deed $45,000 None Available
Deed $50,000 None Available
Deed $49,900 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $45,250 New Conventional
Previous Owner $40,000 New Conventional
Previous Owner $44,910 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2022 01/25/22 Rented $700 0.0% --
01/20/2022 01/20/22 Off Market $700 -- --
01/08/2022 01/08/22 For Rent $700 0.0% --
01/29/2021 01/29/21 Sold $75,000 0.0% $61 / Sq Ft
12/21/2020 12/21/20 Off Market $75,000 -- --
12/14/2020 12/14/20 Pending -- -- --
10/29/2020 10/29/20 For Sale $79,900 +77.6% $65 / Sq Ft
07/12/2018 07/12/18 Sold $45,000 -9.8% $37 / Sq Ft
07/11/2018 07/11/18 Price Changed $49,900 0.0% $41 / Sq Ft
07/07/2018 07/07/18 Price Changed $49,900 0.0% $41 / Sq Ft
06/21/2018 06/21/18 Pending -- -- --
06/04/2018 06/04/18 Price Changed $49,900 -9.1% $41 / Sq Ft
04/30/2018 04/30/18 Price Changed $54,900 +9.8% $45 / Sq Ft
04/27/2018 04/27/18 For Sale $49,999 -- $41 / 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 $841 $31,000 $11,200 $19,800
2024 $1,377 $31,000 $11,200 $19,800
2023 $1,355 $31,000 $11,200 $19,800
2022 $1,355 $31,000 $11,200 $19,800
2021 $1,355 $31,000 $11,200 $19,800
2020 $1,342 $31,000 $11,200 $19,800
2019 $1,342 $31,000 $11,200 $19,800
2018 $1,342 $31,000 $11,200 $19,800
2017 $1,333 $31,000 $11,200 $19,800
2016 $761 $31,000 $11,200 $19,800
2015 $761 $31,000 $11,200 $19,800
2014 $701 $31,000 $11,200 $19,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000462560

Bright MLS

APN: 16-5316-31-28-5225