Seller's Agent in 2025
Tyrese Johnson
Realty ONE Group Focus
(267) 601-4500
1 in this area
15 Total Sales
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.
Last Agent to Sell the Property
(267) 601-4500 homesbytyrese@gmail.com Realty ONE Group Focus Listed on: 04/21/2025
Last Buyer's Agent
(484) 219-9232 josemanzueta946@gmail.com JM Diamond Realty License #RM426115
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
Realty ONE Group Focus
Buyer's Agent
Jose Manzueta
JM Diamond Realty
List Price
$80,000
Sold Price
$90,000
Premium/Discount to List
$10,000
12.5%
Views
33
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,879
Avg. Annual Appreciation
7.60%
Original Mortgage
$132,000
Outstanding Balance
$131,533
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
-$38,654
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
Create a Home Valuation Report for This Property
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 | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
-
Jose Manzueta
Buyer's Agent in 2025
Jose Manzueta
JM Diamond Realty
(484) 219-9232
18 in this area
280 Total Sales
Map
Source: Bright MLS
MLS Number: PABK2056206
APN: 06-5307-73-62-0010
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.
Nearby Homes
- 267 N Front St
- 120 W Elm St
- 339 N 2nd St
- 122 W Elm St
- 126 W Elm St
- 141 Schuylkill Ave
- 334 Mcknight St
- 383 Schuylkill Ave
- 515 N Front St
- 401 Walnut St
- 202 Hudson St
- 225 Hudson St
- 447 Gordon St
- 439 Buttonwood St
- 443 Buttonwood St
- 617 N Front St
- 516 Schuylkill Ave
- 612 N 3rd St
- 633 N Front St
- 21 S 3rd St