k
Seller's Agent in 2020
kyle GERY
Brumbach Associates-Boyertown
(484) 256-3432
4 Total Sales
148 E Spring St Bechtelsville, PA 19505
Washington Township Berks NeighborhoodEstimated Value: $277,647 - $505,000
Studio
5
Baths
3,881
Sq Ft
$101/Sq Ft
Est. Value
Highlights
- Cape Cod Architecture
- No HOA
- Hot Water Heating System
About This Home
As of July 2020Wow! Here's a great 5-unit investment opportunity with a low-maintenance building exteriors. You could also live in the front, detached dwelling and then have your own 4-unit apartment building to the rear! This property consists of two buildings, one of which has a 4 BR Cape Cod dwelling and the other building consisting of two (2) - 1 BR apartments and two (2) - 2 BR apartments. Rents are Cape Cod #1 @ $850/month; #2 @ $725/month; #3 @ $525/month; #4 @ $625/month; and #5 @ $725/month. These rents are below market value, so there's room to grow with the possible projected rents: Cape Cod #1 @ $1,195/month; #2 @ $795/month; #3 @ $650/month; #4 @ $695/month; and #5 @ $795/month. Four of the five tenants are long-term making this a solid investment. Tenants take care of lawn maintenance and snow removal. Owner pays sewer, trash, electric for lighting and well pump. All roofing has recently been replaced in 2020, with GAF lifetime shingles. Multi-unit, income-producing properties are very hard-to-find anymore, so this property will go fast! NOTE - Seller is a PA licensed real estate agent and is also the listing agent for this property. Overall condition is Excellent. Each person MUST complete, sign, and forward the COVID-PAN and COVID-HAS forms to the listing office, prior to entering the property. All showings MUST follow COVID-19 guidelines. No more than three (3) persons total, one of which is the agent, are permitted in the property at a time. It is mandatory that masks MUST be worn by every person entering the property. Thank you.
Last Agent to Sell the Property
(610) 367-0660 kubota7610@hotmail.com Brumbach Associates-Boyertown Listed on: 03/12/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,496
Year Built
- Built in 1945
Lot Details
- 6,534 Sq Ft Lot
- Property is in good condition
Home Design
- Cape Cod Architecture
- Traditional Architecture
- Shingle Roof
Interior Spaces
- 3,881 Sq Ft Home
- Basement Fills Entire Space Under The House
- Electric Oven or Range
Parking
- 3 Open Parking Spaces
- Alley Access
- On-Street Parking
- Off-Street Parking
Schools
- Boyertown Area Senior High School
Utilities
- Hot Water Heating System
- Well
- Well Permit on File
- Electric Water Heater
Listing and Financial Details
- The owner pays for real estate taxes, insurance, sewer, trash collection, electricity, repairs
- Tax Lot 0927
- Assessor Parcel Number 26-5398-09-15-0927
Community Details
Overview
- No Home Owners Association
- 4 Units
- 2-Story Building
Building Details
- Income includes apartment rentals
- Insurance Expense $1,400
- Maintenance Expense $600
- Other Expense $2,500
- Trash Expense $372
- Operating Expense $10,751
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 12, 2020
Closed on
Jul 31, 2020
Sold by
Gery Kyle
Bought by
148 E Spring Street Llc
Seller's Agent
kyle GERY
Brumbach Associates-Boyertown
Buyer's Agent
Michael Ballato
VRA Realty
List Price
$399,000
Sold Price
$365,000
Premium/Discount to List
-$34,000
-8.52%
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
$28,412
Avg. Annual Appreciation
1.37%
Original Mortgage
$273,750
Outstanding Balance
$242,835
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$150,577
Purchase Details
Closed on
Jan 29, 2008
Sold by
Rowland Jesse
Bought by
Gery Kyle
Purchase Details
Closed on
Jan 15, 2004
Sold by
Roush Donald A and Roush Patricia J
Bought by
Rowland Jesse
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
5.12%
Mortgage Type
Balloon
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 148 E Spring Street Llc | $365,000 | Advantage Abstract Inc | |
| Gery Kyle | $325,000 | None Available | |
| Rowland Jesse | $180,000 | Fidelity National Title Insu |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 148 E Spring Street Llc | $273,750 | |
| Previous Owner | Rowland Jesse | $195,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/31/2020 07/31/20 | Sold | $365,000 | -2.6% | $94 / Sq Ft |
| 06/21/2020 06/21/20 | Pending | -- | -- | -- |
| 06/02/2020 06/02/20 | Price Changed | $374,900 | -3.6% | $97 / Sq Ft |
| 05/22/2020 05/22/20 | Price Changed | $389,000 | -2.5% | $100 / Sq Ft |
| 03/12/2020 03/12/20 | For Sale | $399,000 | -- | $103 / Sq Ft |
Source: Bright MLS
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 | $2,147 | $134,100 | $46,300 | $87,800 |
| 2024 | $6,096 | $134,100 | $46,300 | $87,800 |
| 2023 | $5,884 | $134,100 | $46,300 | $87,800 |
| 2022 | $5,726 | $134,100 | $46,300 | $87,800 |
| 2021 | $5,613 | $134,100 | $46,300 | $87,800 |
| 2020 | $5,496 | $134,100 | $46,300 | $87,800 |
| 2019 | $5,301 | $134,100 | $46,300 | $87,800 |
| 2018 | $5,052 | $134,100 | $46,300 | $87,800 |
| 2017 | $4,914 | $134,100 | $46,300 | $87,800 |
| 2016 | $1,560 | $134,100 | $46,300 | $87,800 |
| 2015 | $1,560 | $134,100 | $46,300 | $87,800 |
| 2014 | $1,560 | $134,100 | $46,300 | $87,800 |
Source: Public Records
Agents Affiliated with this Home
-
kyle GERY
-
Michael Ballato
Buyer's Agent in 2020
Michael Ballato
VRA Realty
(610) 858-0994
55 Total Sales
Map
Source: Bright MLS
MLS Number: PABK356086
APN: 26-5398-09-15-0927
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