NOT LISTED FOR SALE

1341 Mineral Spring Rd Reading, PA 19602

Penn's Common Neighborhood

Estimated Value: $198,000 - $278,000

-- Bed
3 Baths
2,616 Sq Ft
$84/Sq Ft Est. Value

Last Sold August 31, 2015

Last sale price $124,900 $48 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $1,352/month

14 Days on Market

Highlights

  • 0.09 Acre Lot
  • No HOA
  • En-Suite Primary Bedroom
  • Wood Flooring
  • 2 Car Detached Garage
  • Hot Water Heating System

About This Home

As of August 2015

Well maintained 3 unit ideal for investor with excellent cash flow and fully rented. Features include: 1st floor unit - spacious room sizes, updated modern kitchen with laundry facility, living room, dining room, 2 BR, 1 bath and Sunroom. 2nd floor unit - Spacious rooms, updated kitchen, living room, 2 BE, 1 bath, porch. 3rd unit is actually a unique carriage house located in the rear and is above the detached 2 car garage. 1st floor tenant uses 1 garage bay and 3rd floor tenant is entitled to the other garage bay. This unit is a 1 BR efficiency unit. Heating and electric is separate and each tenant is responsible for paying their own heat and electric. Property is city code compliant as of 9/2014. All reasonable offers will be considered

Last Agent to Sell the Property

BARRY CIABATTONI

RE/MAX Of Reading License #RS191095L Listed on: 07/06/2015

RE/MAX Of Reading

Last Buyer's Agent

Angelo Giannotti

RE/MAX Of Reading License #RS-271069

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,728

Year Built

  • Built in 1890

Lot Details

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

Parking

  • 2 Car Detached Garage
  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,616 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Hot Water Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 6048
  • Assessor Parcel Number 16-5316-06-29-6048

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $100
  • Insurance Expense $1,752
  • Other Expense $1,000
  • Operating Expense $6,650

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,728

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 1000.00
  • Storage: Basement
  • Year Built: 1890
  • Remarks Public: Well maintained 3 unit ideal for investor with excellent cash flow and fully rented. Features include: 1st floor unit - spacious room sizes, updated modern kitchen with laundry facility, living room, dining room, 2 BR, 1 bath and Sunroom. 2nd floor unit - Spacious rooms, updated kitchen, living room, 2 BE, 1 bath, porch. 3rd unit is actually a unique carriage house located in the rear and is above the detached 2 car garage. 1st floor tenant uses 1 garage bay and 3rd floor tenant is entitled to the other garage bay. This unit is a 1 BR efficiency unit. Heating and electric is separate and each tenant is responsible for paying their own heat and electric. Property is city code compliant as of 9/2014. All reasonable offers will be considered
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Vinyl
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 2616
  • Living Area Sq Ft: 2616
  • Price Per Sq Ft: 47.74
  • Above Grade Finished Sq Ft: 2616
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1341

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Street
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: On Street, Detached Garage

Utilities

  • Annual Heating Expense: 500.00
  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Electric Expense: 100.00
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Gas, Electric, Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 570.00
  • 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: 51700.00
  • Land Assessed Value: 15700.00
  • Land Use Code: 163
  • Lot Size Acres: 0.09
  • Lot Dimensions: IRREGULAR
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3920.00
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 23760.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1458247
  • Tax Annual Amount: 2728.00
  • Assessor Parcel Number: 16-5316-06-29-6048
  • Tax Lot: 6048
  • Tax Year: 2015
  • Close Date: 08/31/2015

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2021
Sold by
Montalvo Amador J
Bought by
Montalvo Amador J and Rivera Jovan Michael
Current Estimated Value
$220,314

Purchase Details

Listed on
Jul 6, 2015
Closed on
Sep 18, 2015
Sold by
Paramount Realty Of Pa Llc
Bought by
Montalvo Amador J
Seller's Agent
BARRY CIABATTONI
RE/MAX Of Reading
Buyer's Agent
Angelo Giannotti
RE/MAX Of Reading
List Price
$124,900
Sold Price
$124,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.85%
Original Mortgage
$122,637
Outstanding Balance
$97,941
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$122,373

Purchase Details

Closed on
Apr 25, 2007
Sold by
Dell Acqua Michael and Dell Acqua Thomas
Bought by
Paramount Realty Of Pa Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,400
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 2004
Sold by
Lingeris Georgia
Bought by
Dellacqua Michael and Dellacqua Thomas

Purchase Details

Closed on
Jul 16, 2002
Sold by
Va
Bought by
Cady Terence L
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
Montalvo Amador J -- None Available
Montalvo Amador J $124,900 None Available
Paramount Realty Of Pa Llc $133,000 Conestoga Title Insurance Co
Dellacqua Michael $60,000 --
Cady Terence L $27,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Montalvo Amador J $122,637
Previous Owner Paramount Realty Of Pa Llc $97,000
Previous Owner Paramount Realty Of Pa Llc $106,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2015 08/31/15 Sold $124,900 0.0% $48 / Sq Ft
07/20/2015 07/20/15 Pending -- -- --
07/06/2015 07/06/15 For Sale $124,900 -- $48 / 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 $1,829 $67,400 $15,700 $51,700
2024 $2,993 $67,400 $15,700 $51,700
2023 $2,946 $67,400 $15,700 $51,700
2022 $2,946 $67,400 $15,700 $51,700
2021 $2,946 $67,400 $15,700 $51,700
2020 $2,917 $67,400 $15,700 $51,700
2019 $2,917 $67,400 $15,700 $51,700
2018 $2,917 $67,400 $15,700 $51,700
2017 $2,898 $67,400 $15,700 $51,700
2016 $1,655 $67,400 $15,700 $51,700
2015 $1,655 $67,400 $15,700 $51,700
2014 $1,523 $67,400 $15,700 $51,700
Source: Public Records

Agents Affiliated with this Home

  • BARRY CIABATTONI

    Seller's Agent in 2015

    BARRY CIABATTONI

    RE/MAX of Reading

    1 in this area

    47 Total Sales

    BARRY CIABATTONI
    Section Image
  • Angelo Giannotti

    Buyer's Agent in 2015

    Angelo Giannotti

    RE/MAX of Reading

    (610) 334-3431

    3 in this area

    242 Total Sales

    Angelo Giannotti
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002649994

Bright MLS

APN: 16-5316-06-29-6048

Pennsylvania Berks County Reading 19602 Penn's Common

1341 Mineral Spring Rd, Reading, PA

This home is located at 1341 Mineral Spring Rd, Reading, PA 19602 since 06 July 2015 and is currently estimated at $220,314, approximately $84 per square foot. This property was built in 1890. 1341 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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