NOT LISTED FOR SALE

1500 Mineral Spring Rd Reading, PA 19602

District 8 Neighborhood
-- Bed
3 Baths
3,650 Sq Ft
0.31 Acres

Last Sold August 08, 2024

Last sale price $385,000 $105 Per Sq Ft

4 Days on Market

Highlights

  • City View
  • Colonial Architecture
  • Corner Lot
  • 0.31 Acre Lot
  • 1 Fireplace
  • 4-minute walk to 16th & Haak Playground

About This Home

As of August 2024

Nestled on a corner lot, this captivating 4-unit property exudes timeless charm. Original woodwork graces the interiors, creating an inviting atmosphere. The building boasts an array of amenities, including a spacious 6-car parking lot—a rare find in the neighborhood. Step into the front and back yards, where a tranquil fountain adds a touch of elegance. Each unit is thoughtfully equipped with its own washer and dryer, ensuring convenience for residents. Heating options include electric baseboards and oil heat, while window unit air conditioning keeps summers comfortable. The curb appeal is simply stunning, making this property a standout in the market.
Don’t miss the opportunity to own this gem—schedule a viewing today!

Last Agent to Sell the Property

Jason Miller

(484) 721-7218 jason.miller@cbhomes.com Coldwell Banker Realty Listed on: 07/15/2024

Coldwell Banker Realty

Last Buyer's Agent

Sigal Waters

(484) 888-4804 sigal@sigalwatershomes.com VRA Realty License #RS323897

VRA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,799

Year Built

  • Built in 1910

Lot Details

  • 0.31 Acre Lot
  • Corner Lot
  • Back and Front Yard
  • Property is in good condition

Property Views

  • City
  • Mountain

Home Design

  • Quadruplex
  • Colonial Architecture
  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Stucco

Interior Spaces

  • 3,650 Sq Ft Home
  • 1 Fireplace

Parking

  • 6 Open Parking Spaces
  • 11 Parking Spaces
  • 2 Driveway Spaces
  • 3 Attached Carport Spaces
  • Parking Lot

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Hot Water Baseboard Heater
  • Electric Baseboard Heater
  • 200+ Amp Service
  • Oil Water Heater

Listing and Financial Details

  • The owner pays for water, real estate taxes, common area maintenance, heat
  • Tax Lot 1756
  • Assessor Parcel Number 16-5316-06-38-1756

Community Details

Overview

  • 4 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $2,000
  • Maintenance Expense $500
  • Operating Expense $7,000
  • Net Operating Income $35,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,799

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Colonial, Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1910
  • Automatically Close On Close Date: No
  • Remarks Public: Nestled on a corner lot, this captivating 4-unit property exudes timeless charm. Original woodwork graces the interiors, creating an inviting atmosphere. The building boasts an array of amenities, including a spacious 6-car parking lot—a rare find in the neighborhood. Step into the front and back yards, where a tranquil fountain adds a touch of elegance. Each unit is thoughtfully equipped with its own washer and dryer, ensuring convenience for residents. Heating options include electric baseboards and oil heat, while window unit air conditioning keeps summers comfortable. The curb appeal is simply stunning, making this property a standout in the market. Don’t miss the opportunity to own this gem—schedule a viewing today!
  • Special Features: None

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Stone
  • Room Count: 19
  • Basement: No
  • Total Sq Ft: 3650
  • Living Area Sq Ft: 3650
  • Price Per Sq Ft: 119.18
  • Above Grade Finished Sq Ft: 3650
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1500

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco, Brick
  • View: City, Mountain
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway
  • Attached Carport Spaces: 3
  • Total Garage And Parking Spaces: 11
  • Type Of Parking: Attached Carport, Driveway, Parking Lot
  • Number of Spaces in Driveway: 2
  • Parking Lot Number Of Spaces: 6

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Oil
  • Heating Type: Baseboard - Electric, Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Water Available
  • Water Source: Public

Schools

  • School District: READING
  • School District Key: 300200397169
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 136
  • Lot Features: Rear Yard, Front Yard
  • Lot Size Acres: 0.31
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13503.00
  • Property Condition: Good
  • Year Assessed: 2024
  • Zoning: R3

Rental Info

  • Ground Rent Exists: No
  • Owner Pays: Water, Taxes - Real Estate, Common Area Maintenance, Heat
  • Rent Control: No
  • Total Actual Rent: 51000.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 2342.00
  • Tax Annual Amount: 5799.00
  • Assessor Parcel Number: 16-5316-06-38-1756
  • Tax Lot: 1756
  • Tax Total Finished Sq Ft: 3650
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 08/08/2024

Multi Family

  • Gross Income: 51000.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 7000.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: READING

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2024 08/08/24 Sold $385,000 -11.5% $105 / Sq Ft
07/19/2024 07/19/24 Pending -- -- --
07/17/2024 07/17/24 Off Market $435,000 -- --
07/15/2024 07/15/24 For Sale $435,000 0.0% $119 / Sq Ft
11/14/2022 11/14/22 Rented $825 0.0% --
11/11/2022 11/11/22 Off Market $825 -- --
11/10/2022 11/10/22 For Rent $825 0.0% --
11/03/2022 11/03/22 Off Market $825 -- --
10/24/2022 10/24/22 For Rent $825 0.0% --
01/13/2017 01/13/17 Sold $215,000 -10.4% $59 / Sq Ft
12/13/2016 12/13/16 Pending -- -- --
06/28/2016 06/28/16 For Sale $239,900 -- $66 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK2045792

Bright MLS

APN: 5316-06-38-1756