NOT LISTED FOR SALE

1516 Mineral Spring Rd Reading, PA 19602

District 8 Neighborhood

Estimated Value: $310,000 - $407,000

8 Beds
4 Baths
4,705 Sq Ft
$76/Sq Ft Est. Value

Last Sold November 19, 2024

Last sale price $325,000 $69 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,172/month

45 Days on Market

Highlights

  • 0.29 Acre Lot
  • 2 Fireplaces
  • Eat-In Kitchen
  • Traditional Architecture
  • No HOA
  • 4-minute walk to 16th & Haak Playground

About This Home

As of November 2024

Beautiful Mineral Spring home featuring 8 Bedroom 4 full baths with all of the charm and history of years past. As you enter from the front porch you will be greeted by a lead glass foyer that opens up to a very large living room with wood burning fireplace. Adjacent to that is another spacious living room or sitting area with custom pocket doors into a dining room large enough to seat 20 with a bay window. Original ornate hardwood details can be seen throughout the home even up to the 3rd floor. Just off the common hallway is a master suite with brick wall accent fireplace flanked by window benches and a private full bath. Just beyond that is the kitchen with granite countertops, newer cabinets and laminate flooring. To round out the first floor, there is an additional private room which is currently used as a home office however could be used as a 9th bedroom or den should you desire. Beautiful staircase leads you up to the second floor which features 5 bedrooms, two of which are connected by a door yet still have private entrance to the common hallway as well as two full baths. Continuing up to the third floor you will find 2 more very large bedrooms with high ceilings and original woodwork as well as a bonus cedar which was a very common practice back when these charming homes were built. This floor also features another full bath. The basement has incredible potential because of its size and tall ceilings...... this makes it perfect for the individual looking to create more livable space. Direct access to the backyard and walk-out. For those concerned about parking, this property has 5 off-street parking spaces located in the rear of the property and accessible from Haak.
Schedule you private showing today!!!!

Last Agent to Sell the Property

Melinda O'Neill

(610) 301-2742 moneill@empirebp.com Iron Valley Real Estate of Berks Listed on: 08/23/2024

Iron Valley Real Estate of Berks

Co-Listed By

Clair Mckoy

(484) 769-5680 clair.mckoy@icloud.com Iron Valley Real Estate of Berks

Last Buyer's Agent

Melinda O'Neill

(610) 301-2742 moneill@empirebp.com Iron Valley Real Estate of Berks Listed on: 08/23/2024

Iron Valley Real Estate of Berks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,497

Year Built

  • Built in 1890

Lot Details

  • 0.29 Acre Lot
  • Level Lot
  • Subdivision Possible

Parking

  • 5 Parking Spaces

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Permanent Foundation

Interior Spaces

  • 4,705 Sq Ft Home
  • Property has 3 Levels
  • 2 Fireplaces
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen
  • Laundry on lower level

Bedrooms and Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Baseboard Heater
  • 100 Amp Service
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2777
  • Assessor Parcel Number 16-5316-06-38-2777

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,497

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Inclusions: kitchen appliances at showing
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Expected On Market: 2024-08-23
  • Federal Flood Zone: No
  • Year Built: 1890
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Kitchen - Eat-In
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Foundation Details: Permanent
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Lower Floor
  • Total Sq Ft: 4705
  • Living Area Sq Ft: 4705
  • Price Per Sq Ft: 67.99
  • Above Grade Finished Sq Ft: 4705
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 8
  • Main Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 2.00
  • Upper Level 2 Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 5

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Features: Level, Subdivision Possible
  • Lot Size Acres: 0.29
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12632.00
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3497.00
  • Assessor Parcel Number: 16-5316-06-38-2777
  • Tax Lot: 2777
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2024
Closed on
Nov 15, 2024
Sold by
Shore Andrew Vincent and Minicozzi Rebecca
Bought by
Rivera Kevin and Rivera Angel
Seller's Agent
Melinda O'Neill
Iron Valley Real Estate of Berks
Buyer's Agent
Melinda O'Neill
Iron Valley Real Estate of Berks
List Price
$335,000
Sold Price
$325,000
Premium/Discount to List
-$10,000
-2.99%
Views
176
Current Estimated Value
$357,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,037
Avg. Annual Appreciation
9.27%
Original Mortgage
$319,113
Outstanding Balance
$316,054
Interest Rate
6.32%
Mortgage Type
FHA
Estimated Equity
$40,983

Purchase Details

Closed on
Aug 18, 2020
Sold by
Shore Terry M and Minicozzi Rebecca
Bought by
Shore Andrew Vincent and Minicozzi Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,750
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2015
Sold by
Hsbc Bank Usa Na
Bought by
Shore Terry M and Minicozzi Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,915
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 24, 2014
Sold by
Aristide Gisleine
Bought by
Hsbc Bank Usa Na

Purchase Details

Closed on
Aug 16, 2007
Sold by
Jean Louis Natasha
Bought by
Aristide Gisleine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 1, 2003
Sold by
The Childrens Home Of Reading
Bought by
Jean Louis Natasha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.99%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
Rivera Kevin $325,000 Stewart Title
Shore Andrew Vincent -- Freedom Ttl & Abstract Co In
Shore Terry M $54,000 Premium Title Services Inc
Hsbc Bank Usa Na $36,000 None Available
Aristide Gisleine $135,000 None Available
Jean Louis Natasha $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rivera Kevin $319,113
Previous Owner Shore Andrew Vincent $132,750
Previous Owner Shore Terry M $132,915
Previous Owner Aristide Gisleine $156,000
Previous Owner Jean Louis Natasha $108,000
Closed Jean Louis Natasha $27,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/19/2024 11/19/24 Sold $325,000 +1.6% $69 / Sq Ft
10/08/2024 10/08/24 Pending -- -- --
09/28/2024 09/28/24 Price Changed $319,900 -4.5% $68 / Sq Ft
08/23/2024 08/23/24 For Sale $335,000 +520.4% $71 / Sq Ft
07/27/2015 07/27/15 Sold $54,000 -3.1% -- View Prior Sale
04/10/2015 04/10/15 Pending -- -- --
03/31/2015 03/31/15 Price Changed $55,700 -9.9% --
03/05/2015 03/05/15 Price Changed $61,800 -7.9% --
02/11/2015 02/11/15 Price Changed $67,100 -9.9% --
01/29/2015 01/29/15 For Sale $74,500 0.0% --
01/07/2015 01/07/15 Price Changed $74,500 -11.8% --
01/04/2015 01/04/15 Pending -- -- --
12/07/2014 12/07/14 Price Changed $84,500 -26.2% --
07/29/2014 07/29/14 Price Changed $114,500 -4.9% --
07/02/2014 07/02/14 Price Changed $120,400 -4.7% --
05/28/2014 05/28/14 For Sale $126,400 -- --
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 $3,585 $132,100 $37,700 $94,400
2024 $5,866 $132,100 $37,700 $94,400
2023 $5,775 $132,100 $37,700 $94,400
2022 $5,775 $132,100 $37,700 $94,400
2021 $5,775 $132,100 $37,700 $94,400
2020 $5,717 $132,100 $37,700 $94,400
2019 $5,717 $132,100 $37,700 $94,400
2018 $5,842 $135,000 $57,600 $77,400
2017 $5,804 $135,000 $57,600 $77,400
2016 $3,316 $135,000 $57,600 $77,400
2015 $3,316 $135,000 $57,600 $77,400
2014 $3,051 $135,000 $57,600 $77,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK2046656

Bright MLS

APN: 16-5316-06-38-2777