NOT LISTED FOR SALE

14 W Lancaster Ave Shillington, PA 19607

Estimated Value: $792,650

-- Bed
-- Bath
-- Sq Ft
8,276 Sq Ft Lot

Last Sold December 31, 2012

Last sale price $330,000

Est. 140% increase in value since last sale

Current estimated payment $4,434/month

Highlights

  • Wood Flooring
  • En-Suite Primary Bedroom
  • Heating System Uses Gas
  • No HOA
  • North Facing Home

About This Home

As of December 2012

Additional income is generated from laundry, approximately $300.- per month. Parking lot right-of-way, $30.- per month. Total monthly income is $6,240.- or $74,880 per year /-. --- Cash flow property. Profitable 9 unit in Governor Mifflin SD. Bus service, shopping, neighborhood convenience make these units very desirable, keeping vacancy down. Owner is selling to move South after 40 years. Recent upgrades to property and value and minimizes maintenance. The combination of commercial and residential tenants along with laundry provides a diversified income base. Ample parking in rear to the benefit of all. Long term tenants in many units, with typically a waiting list.

Last Agent to Sell the Property

Robert Kearney

(610) 685-3169 robert.kearney@century21parkroad.com RE/MAX Of Reading Listed on: 06/19/2012

RE/MAX Of Reading

Last Buyer's Agent

Tim Bisbano

(610) 468-1227 tbisbano@kw.com Keller Williams Philadelphia

Keller Williams Philadelphia

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,125

Year Built

  • Built in 1900

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 30x270x30x270
  • North Facing Home
  • Property is in good condition

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Stone Foundation
  • Vinyl Siding
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • Private Parking

Schools

  • Governor Mifflin High School

Utilities

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

Additional Features

  • En-Suite Primary Bedroom
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Tax Lot 6283
  • Assessor Parcel Number 77-4395-07-68-6283

Community Details

Overview

  • No Home Owners Association

Building Details

  • Income includes laundry, parking
  • Electric Expense $1,838
  • Maintenance Expense $3,744
  • Other Expense $1,200
  • Operating Expense $18,397

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,125

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 1200.00
  • Storage: Basement
  • Year Built: 1900
  • Remarks Public: Additional income is generated from laundry, approximately $300.- per month. Parking lot right-of-way, $30.- per month. Total monthly income is $6,240.- or $74,880 per year /-. --- Cash flow property. Profitable 9 unit in Governor Mifflin SD. Bus service, shopping, neighborhood convenience make these units very desirable, keeping vacancy down. Owner is selling to move South after 40 years. Recent upgrades to property and value and minimizes maintenance. The combination of commercial and residential tenants along with laundry provides a diversified income base. Ample parking in rear to the benefit of all. Long term tenants in many units, with typically a waiting list.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Vinyl
  • Fireplace: No
  • Foundation Details: Stone, Concrete Perimeter, Brick/Mortar
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Has Laundry
  • Street Number Modifier: 14

Exterior Features

  • Construction Materials: Vinyl Siding, Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 8
  • Parking Features: Private

Utilities

  • Annual Heating Expense: 3152.00
  • Central Air Conditioning: No
  • Electric Expense: 1838.00
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 2338.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: GOVERNOR MIFFLIN
  • High School: GOVERNOR MIFFLIN
  • School District Key: 300200397317
  • High School: GOVERNOR MIFFLIN

Lot Info

  • Improvement Assessed Value: 105500.00
  • Land Assessed Value: 66900.00
  • Land Use Code: 4126
  • Lot Size Acres: 0.19
  • Lot Dimensions: 30X270X30X270
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8276.00
  • Property Condition: Good
  • Zoning: COMM

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 74880.00
  • Income Includes: Laundry, Parking
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7,Unit 9

Tax Info

  • Assessor Parcel Number: 1563561
  • Tax Annual Amount: 6125.00
  • Assessor Parcel Number: 77-4395-07-68-6283
  • Tax Lot: 6283
  • Tax Year: 2012
  • Close Date: 12/31/2012

MLS Schools

  • School District Name: GOVERNOR MIFFLIN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2020
Sold by
Kashi Holdings Llc
Bought by
Fish Fry Llc
Current Estimated Value
$792,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Outstanding Balance
$5,877
Interest Rate
2.21%
Mortgage Type
FHA
Estimated Equity
$774,277

Purchase Details

Listed on
Jun 19, 2012
Closed on
Dec 31, 2012
Sold by
Wimmer S Deborah
Bought by
Kashi Holdings Llc
Seller's Agent
Robert Kearney
RE/MAX Of Reading
Buyer's Agent
Tim Bisbano
Keller Williams Philadelphia
List Price
$424,900
Sold Price
$330,000
Premium/Discount to List
-$94,900
-22.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.98%

Purchase Details

Closed on
Apr 2, 2004
Sold by
Pahl Susan D and Deborah Wimmer S
Bought by
Wimmer S Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.39%
Mortgage Type
Commercial
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
Fish Fry Llc $550,000 Edge Abstract
Kashi Holdings Llc $330,000 None Available
Wimmer S Deborah -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fish Fry Llc $48,000
Previous Owner Fish Fry Llc $412,500
Previous Owner Wimmer S Deborah $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2012 12/31/12 Sold $330,000 -22.3% --
12/20/2012 12/20/12 Pending -- -- --
06/19/2012 06/19/12 For Sale $424,900 -- --
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 $2,785 $172,400 $66,900 $105,500
2024 $7,859 $172,400 $66,900 $105,500
2023 $7,654 $172,400 $66,900 $105,500
2022 $7,568 $172,400 $66,900 $105,500
2021 $7,482 $172,400 $66,900 $105,500
2020 $7,482 $172,400 $66,900 $105,500
2019 $7,395 $172,400 $66,900 $105,500
2018 $7,309 $172,400 $66,900 $105,500
2017 $7,174 $172,400 $66,900 $105,500
2016 $2,452 $172,400 $66,900 $105,500
2015 $2,452 $172,400 $66,900 $105,500
2014 $2,241 $172,400 $66,900 $105,500
Source: Public Records

Agents Affiliated with this Home

  • Robert Kearney

    Seller's Agent in 2012

    Robert Kearney

    RE/MAX of Reading

    (610) 685-3169

    1 in this area

    36 Total Sales

    Robert Kearney
    Section Image
  • Tim Bisbano

    Buyer's Agent in 2012

    Tim Bisbano

    Keller Williams Philadelphia

    (610) 468-1227

    4 Total Sales

    Tim Bisbano
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1004006536

Bright MLS

APN: 77-4395-07-68-6283

Pennsylvania Berks County Shillington 19607

14 W Lancaster Ave, Shillington, PA

This home is located at 14 W Lancaster Ave, Shillington, PA 19607 since 19 June 2012 and is currently estimated at $792,650. This property was built in 1900. 14 W Lancaster Ave is a home located in Berks County with nearby schools including Cumru Elementary School, Governor Mifflin Intermediate School, and Governor Mifflin Middle School.

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