NOT LISTED FOR SALE

1340 Mineral Spring Rd Reading, PA 19602

District 8 Neighborhood

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

-- Bed
2 Baths
2,888 Sq Ft
$82/Sq Ft Est. Value

Last Sold March 30, 2012

Last sale price $74,900 $26 Per Sq Ft

Est. 215% increase in value since last sale

Current estimated payment $1,374/month

270 Days on Market

Highlights

  • 0.09 Acre Lot
  • Forced Air Heating System
  • Wall to Wall Carpet
  • No HOA
  • Replacement Windows

About This Home

As of March 2012

Two nice large apartments in well maintained semi-detached building. Nice fenced side yard perfect for owner occupant. Tenants pay heat and electric. Gas forced air heating systems are newer and most windows have been replaced. This is a nice building in a nice location.

Last Agent to Sell the Property

Michele McCartney

(610) 587-1913 michelemccartney@kw.com Keller Williams Platinum Realty - Wyomissing License #RS166910L Listed on: 05/26/2011

Keller Williams Platinum Realty - Wyomissing

Last Buyer's Agent

Jeff Dieffenbach

(610) 823-8806 jeff@myagentjeffd.com RE/MAX Of Reading

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1895

Lot Details

  • 3,920 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Stone Foundation
  • Pitched Roof
  • Stucco

Interior Spaces

  • 2,888 Sq Ft Home
  • Replacement Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Schools

  • Reading Senior High School

Utilities

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

Listing and Financial Details

  • Tax Lot 6931
  • Assessor Parcel Number 16-5316-06-28-6931

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $369
  • Maintenance Expense $252
  • Other Expense $200
  • Operating Expense $3,947

Property Details

Home Type

Multi-Family

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Inclusions: 2 Ranges, 2 Refrigerators
  • New Construction: No
  • Other Expense: 200.00
  • Storage: Basement
  • Year Built: 1895
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Window Features: Replacement
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Master Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Total Sq Ft: 2888
  • Living Area Sq Ft: 2888
  • Price Per Sq Ft: 25.93
  • Above Grade Finished Sq Ft: 2888
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stucco
  • Construction Completed: No
  • 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 Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 900.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: READING SENIOR

Lot Info

  • Improvement Assessed Value: 43600.00
  • Land Assessed Value: 15400.00
  • Lot Size Acres: 0.09
  • Lot Dimensions: IRREG.
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3920.00
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 15900.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1458200
  • Tax Annual Amount: 2226.00
  • Assessor Parcel Number: 16-5316-06-28-6931
  • Tax Lot: 6931
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2025
Sold by
Sangha Ram
Bought by
Reading Property 2 Llc
Current Estimated Value
$235,829

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Outstanding Balance
$159,589
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$76,240

Purchase Details

Closed on
May 23, 2019
Sold by
Haggerty Sean P and Quicken Loans Inc
Bought by
Sangha Ram

Purchase Details

Listed on
May 26, 2011
Closed on
Mar 23, 2012
Sold by
Mi Casa Pa Llc
Bought by
Haggerty Sean P
Seller's Agent
Michele McCartney
Keller Williams Platinum Realty - Wyomissing
Buyer's Agent
Jeff Dieffenbach
RE/MAX Of Reading
List Price
$79,900
Sold Price
$74,900
Premium/Discount to List
-$5,000
-6.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.73%
Original Mortgage
$72,997
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 31, 2009
Sold by
Hsbc Mortgage Services Inc
Bought by
Mi Casa Pa Llc

Purchase Details

Closed on
Jun 25, 2009
Sold by
Robinson Jimmy and Robinson Denise
Bought by
Hsbc Mortgage Services Inc

Purchase Details

Closed on
Oct 29, 2005
Sold by
Khan Habib
Bought by
Robinson Jimmy and Robinson Denise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,910
Interest Rate
8.67%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 27, 2005
Sold by
Naeem Shahzada
Bought by
Khan Habib

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,240
Interest Rate
7.55%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 16, 2003
Sold by
Manufacturers & Traders Trust Co
Bought by
Pledged Property Iii Llc

Purchase Details

Closed on
Aug 29, 2002
Sold by
Portner William C and Portner Linda Gale
Bought by
Manufacturers & Traders Trust Company
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Reading Property 2 Llc $200,000 Your Home Settlement Services
Sangha Ram $60,000 None Available
Haggerty Sean P $74,900 None Available
Mi Casa Pa Llc $36,500 First American Title Insuran
Hsbc Mortgage Services Inc $2,700 None Available
Robinson Jimmy $99,900 Nations Title Of Md Inc
Khan Habib $63,600 --
Pledged Property Iii Llc $14,585 --
Manufacturers & Traders Trust Company $1,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reading Property 2 Llc $160,000
Previous Owner Haggerty Sean P $72,997
Previous Owner Robinson Jimmy $89,910
Previous Owner Khan Habib $57,240
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2012 03/30/12 Sold $74,900 -6.3% $26 / Sq Ft
02/20/2012 02/20/12 Pending -- -- --
05/26/2011 05/26/11 For Sale $79,900 -- $28 / 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 $1,601 $59,000 $15,400 $43,600
2024 $2,620 $59,000 $15,400 $43,600
2023 $2,579 $59,000 $15,400 $43,600
2022 $2,579 $59,000 $15,400 $43,600
2021 $2,579 $59,000 $15,400 $43,600
2020 $2,553 $59,000 $15,400 $43,600
2019 $2,553 $59,000 $15,400 $43,600
2018 $2,553 $59,000 $15,400 $43,600
2017 $2,536 $59,000 $15,400 $43,600
2016 $1,449 $59,000 $15,400 $43,600
2015 $1,449 $59,000 $15,400 $43,600
2014 $1,333 $59,000 $15,400 $43,600
Source: Public Records

Agents Affiliated with this Home

  • Michele McCartney

    Seller's Agent in 2012

    Michele McCartney

    Keller Williams Platinum Realty - Wyomissing

    (610) 587-1913

    214 Total Sales

    Michele McCartney
    Section Image

  • J

    Buyer's Agent in 2012

    Jeff Dieffenbach

    RE/MAX of Reading

    Section Image
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Map

Source: Bright MLS

MLS Number: 1004404614

Bright MLS

APN: 16-5316-06-28-6931

Pennsylvania Berks County Reading 19602 District 8

1340 Mineral Spring Rd, Reading, PA

Not Listed for Sale

MultiFamily

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