NOT LISTED FOR SALE

1338 Mineral Spring Rd Reading, PA 19602

District 8 Neighborhood

Estimated Value: $206,350 - $328,000

-- Bed
3 Baths
2,964 Sq Ft
$90/Sq Ft Est. Value

Last Sold December 15, 2016

Last sale price $110,000 $37 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $1,701/month

16 Days on Market

Highlights

  • No HOA
  • Ceiling Fan
  • Radiator
  • En-Suite Primary Bedroom
  • Wall to Wall Carpet

About This Home

As of December 2016

Money Machine, spectacular 3 unit in excellent condition just passed city code inspection. Main level is 1500 sq ft 2 bedroom apt with atrium dining room right off kitchen. Additional 2 bedroom apartments are on the second level. Building is turnkey and ready to show. This property was previously owner occupied and extremely well maintained. No more oil heat, property was converted to gas heating a few years ago. New replacement windows increase energy efficiency. Lower level has laundry room to keep long term tenants and individual storage lockers for each apartment. Tenants pay own electric and gas for cooking and hot water. Many attractive architectural elements, stain glass accent to entry with leaded glass half light doors, 9 foot ceilings, curb appeal that looks like a single home. Electric gutter heaters to prevent ice damming.

Last Agent to Sell the Property

Debbie Stine

RE/MAX Of Reading Listed on: 09/06/2016

Co-Listed By

JEFFREY ROCKETT

RE/MAX Of Reading

Last Buyer's Agent

Jorge Diaz

Light House Realtors, LLC License #RS328499

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1895

Lot Details

  • 3,049 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Pitched Roof

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,964 Sq Ft Home
  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Radiator
  • Heating System Uses Gas
  • 200+ Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 5982
  • Assessor Parcel Number 16-5316-06-28-5982

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $270
  • Insurance Expense $999
  • Maintenance Expense $200
  • Operating Expense $8,097

Property Details

Home Type

Multi-Family

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Inclusions: 4 Refrigerators, 3 Gas Stoves, Dryer
  • New Construction: No
  • Storage: Basement
  • Year Built: 1895
  • Remarks Public: Money Machine, spectacular 3 unit in excellent condition just passed city code inspection. Main level is 1500 sq ft 2 bedroom apt with atrium dining room right off kitchen. Additional 2 bedroom apartments are on the second level. Building is turnkey and ready to show. This property was previously owner occupied and extremely well maintained. No more oil heat, property was converted to gas heating a few years ago. New replacement windows increase energy efficiency. Lower level has laundry room to keep long term tenants and individual storage lockers for each apartment. Tenants pay own electric and gas for cooking and hot water. Many attractive architectural elements, stain glass accent to entry with leaded glass half light doors, 9 foot ceilings, curb appeal that looks like a single home. Electric gutter heaters to prevent ice damming.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Has Laundry
  • Total Sq Ft: 2964
  • Living Area Sq Ft: 2964
  • Price Per Sq Ft: 37.08
  • Above Grade Finished Sq Ft: 2964
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1338

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • Roof: Flat, 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

  • Annual Heating Expense: 1300.00
  • Central Air Conditioning: No
  • Electric Expense: 270.00
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1455.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: READING
  • School District Key: 300200397169

Lot Info

  • Improvement Assessed Value: 69100.00
  • Land Assessed Value: 21000.00
  • Land Use Code: 163
  • Lot Size Acres: 0.07
  • Lot Dimensions: IRREGULAR
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3049.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 28800.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1458197
  • Tax Annual Amount: 3873.00
  • Assessor Parcel Number: 16-5316-06-28-5982
  • Tax Lot: 5982
  • Tax Year: 2016
  • Close Date: 12/15/2016

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2016
Closed on
Dec 15, 2016
Sold by
Geyer Gene L and Geyer Eugene L
Bought by
Seven Stars Group Llc
Seller's Agent
Debbie Stine
RE/MAX Of Reading
Buyer's Agent
Jorge Diaz
Light House Realtors, LLC
List Price
$109,900
Sold Price
$110,000
Premium/Discount to List
$100
0.09%
Total Days on Market
16
Current Estimated Value
$266,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,838
Avg. Annual Appreciation
9.67%
Source: Public Records

Range of Values:

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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
Seven Stars Group Llc $110,000 Stewart Abstract
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Geyer Eugene L $18,000
Previous Owner Geyer Eugene L $43,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2016 12/15/16 Sold $110,000 +0.1% $37 / Sq Ft
09/22/2016 09/22/16 Pending -- -- --
09/06/2016 09/06/16 For Sale $109,900 -- $37 / 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 $2,445 $90,100 $21,000 $69,100
2024 $4,001 $90,100 $21,000 $69,100
2023 $3,939 $90,100 $21,000 $69,100
2022 $3,939 $90,100 $21,000 $69,100
2021 $3,939 $90,100 $21,000 $69,100
2020 $3,899 $90,100 $21,000 $69,100
2019 $3,899 $90,100 $21,000 $69,100
2018 $3,899 $90,100 $21,000 $69,100
2017 $3,873 $90,100 $21,000 $69,100
2016 $2,213 $90,100 $21,000 $69,100
2015 $2,213 $90,100 $21,000 $69,100
2014 $2,036 $90,100 $21,000 $69,100
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Debbie Stine

    RE/MAX of Reading

    Section Image

  • J

    Seller Co-Listing Agent in 2016

    JEFFREY ROCKETT

    RE/MAX of Reading

  • Jorge Diaz

    Buyer's Agent in 2016

    Jorge Diaz

    Light House Realtors, LLC

    (610) 507-4933

    25 Total Sales

    Jorge Diaz
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003898147

Bright MLS

APN: 16-5316-06-28-5982

Pennsylvania Berks County Reading 19602 District 8

1338 Mineral Spring Rd, Reading, PA

This home is located at 1338 Mineral Spring Rd, Reading, PA 19602 since 06 September 2016 and is currently estimated at $266,838, approximately $90 per square foot. This property was built in 1895. 1338 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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