137 Elm St Reading, PA 19601
Sixth Ward Neighborhood
5
Beds
2
Baths
2,070
Sq Ft
1,742
Sq Ft Lot
About This Home
As of May 2025PROPERTY IS A SHELL. NEEDS COMPLETE REHAB**Welcome to Reading, PA*** INVESTOR SPECIAL *We are delighted to introduce you to Reading P.A, a welcoming and family-oriented neighborhood where many residents have lived for over 15 to 20 years. We would like to highlight a recent real estate opportunity in the area. The property located at 240 N 2nd St, Reading, PA 19601, was successfully sold for $265,000. My colleague served as both the general contractor and realtor for this home. Initially purchased in 2021 for $80,000, it underwent significant renovations that increased its appraised value to $250,000. After being listed on the market, it attracted multiple bids and ultimately sold for $258,000.Currently, this property is available for purchase at the same price of $80,000 just a few doors away. This home requires a conversion to a multi-family unit—a process that is relatively straightforward for an investor who is motivated and can envision the potential of the property. We advise prospective buyers to take caution when viewing the property due to some unsafe spaces; it is recommended to bring a flashlight and watch your step.This presents a fantastic investment opportunity for section 8 buyers, air Bnb purchasers or straight rental units, so please do not hesitate to reach out for more information.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,244
Year Built
- Built in 1900
Home Design
- Semi-Detached or Twin Home
- Brick Exterior Construction
Interior Spaces
- 2,070 Sq Ft Home
- Property has 2 Levels
Bedrooms and Bathrooms
- 5 Main Level Bedrooms
- 2 Full Bathrooms
Additional Features
- 1,742 Sq Ft Lot
- Heating System Uses Oil
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 0010
- Assessor Parcel Number 06-5307-73-62-0010
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 21, 2025
Closed on
May 6, 2025
Sold by
Loumisher Mikel Enterprises Llc and Cook Leslie R
Bought by
Filpo Investments Llc
Seller's Agent
Tyrese Johnson
HomeSmart Realty Advisors
Buyer's Agent
Jose Manzueta
Iron Valley Real Estate of Berks
List Price
$80,000
Sold Price
$90,000
Premium/Discount to List
$10,000
12.5%
Total Days on Market
2
Views
33
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40942.61%
Original Mortgage
$132,000
Outstanding Balance
$132,000
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$42,461
Purchase Details
Closed on
Jan 17, 2025
Sold by
Williams Leland G and Tames Renee S
Bought by
Loum1sher Mikel Enterprises Llc and Cook
Purchase Details
Closed on
Jun 26, 1996
Bought by
Williams Leland G S
Similar Homes in Reading, PA
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $90,000 | None Listed On Document | |
| Special Warranty Deed | $1,500 | None Listed On Document | |
| Deed | $19,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $132,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/07/2025 05/07/25 | Sold | $90,000 | +12.5% | $43 / Sq Ft |
| 04/23/2025 04/23/25 | Pending | -- | -- | -- |
| 04/21/2025 04/21/25 | For Sale | $80,000 | -- | $39 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $749 | $27,600 | $5,600 | $22,000 |
| 2024 | $1,226 | $27,600 | $5,600 | $22,000 |
| 2023 | $1,207 | $27,600 | $5,600 | $22,000 |
| 2022 | $1,207 | $27,600 | $5,600 | $22,000 |
| 2021 | $1,207 | $27,600 | $5,600 | $22,000 |
| 2020 | $1,194 | $27,600 | $5,600 | $22,000 |
| 2019 | $182 | $27,600 | $5,600 | $22,000 |
| 2018 | $1,194 | $27,600 | $5,600 | $22,000 |
| 2017 | $1,187 | $27,600 | $5,600 | $22,000 |
| 2016 | $495 | $27,600 | $5,600 | $22,000 |
| 2015 | $678 | $27,600 | $5,600 | $22,000 |
| 2014 | $624 | $27,600 | $5,600 | $22,000 |
Source: Public Records
Agents Affiliated with this Home
-
Tyrese Johnson
Seller's Agent in 2025
Tyrese Johnson
HomeSmart Realty Advisors
(267) 601-4500
1 in this area
12 Total Sales
-
Jose Manzueta
Buyer's Agent in 2025
Jose Manzueta
Iron Valley Real Estate of Berks
(484) 219-9232
17 in this area
272 Total Sales
Map
Source: Bright MLS
MLS Number: PABK2056206
APN: 06-5307-73-62-0010
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