NOT LISTED FOR SALE

1520 Mineral Spring Rd Reading, PA 19602

District 8 Neighborhood

Estimated Value: $273,648 - $348,000

-- Bed
4 Baths
3,786 Sq Ft
$85/Sq Ft Est. Value

Last Sold November 22, 2013

Last sale price $149,900 $40 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $2,011/month

248 Days on Market

Highlights

  • 0.19 Acre Lot
  • En-Suite Primary Bedroom
  • 4-minute walk to 16th & Haak Playground
  • No HOA
  • Baseboard Heating

About This Home

As of November 2013

Exceptional 4 unit apartment building on East side of Reading. Well cared for and well maintained. 3 Off street parking spaces brings in an additional $105 per month. Tenant pays heat and electric.

Last Agent to Sell the Property

Mark Werner

RE/MAX Of Reading License #RS141675A Listed on: 02/18/2013

RE/MAX Of Reading

Co-Listed By

Scott Walley

RE/MAX Of Reading License #RS135400A

Last Buyer's Agent

Suzi Ford

Springer Realty Group License #RS228124L

Springer Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,670

Year Built

  • Built in 1913

Lot Details

  • 8,276 Sq Ft Lot
  • Property is in good condition

Home Design

  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,786 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Lot

Schools

  • Reading Senior High School

Utilities

  • Baseboard Heating
  • 200+ Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 3718
  • Assessor Parcel Number 16-5316-06-38-3718

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $1,795
  • Other Expense $636
  • Operating Expense $9,101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,670

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Inclusions: (4) Ranges, 4 Refrigerators
  • New Construction: No
  • Other Expense: 636.00
  • Year Built: 1913
  • Remarks Public: Exceptional 4 unit apartment building on East side of Reading. Well cared for and well maintained. 3 Off street parking spaces brings in an additional $105 per month. Tenant pays heat and electric.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3786
  • Living Area Sq Ft: 3786
  • Price Per Sq Ft: 39.59
  • Above Grade Finished Sq Ft: 3786
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1520

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks
  • 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: 4
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Electric, Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 3000.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: READING
  • High School: READING SENIOR
  • School District Key: 300200397169
  • High School: READING SENIOR

Lot Info

  • Improvement Assessed Value: 68900.00
  • Land Assessed Value: 22900.00
  • Lot Size Acres: 0.19
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8276.00
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 30360.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Single Room Units Count: 1

Tax Info

  • Assessor Parcel Number: 1458302
  • Tax Annual Amount: 3670.00
  • Assessor Parcel Number: 16-5316-06-38-3718
  • Tax Lot: 3718
  • Tax Year: 2013
  • Close Date: 11/22/2013

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2013
Closed on
Nov 22, 2013
Sold by
Benjamin Jean Baptiste
Bought by
Gallo Antonio
Seller's Agent
Mark Werner
RE/MAX Of Reading
Buyer's Agent
Suzi Ford
Springer Realty Group
List Price
$179,900
Sold Price
$149,900
Premium/Discount to List
-$30,000
-16.68%
Total Days on Market
248
Current Estimated Value
$322,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,512
Avg. Annual Appreciation
6.72%
Original Mortgage
$147,181
Outstanding Balance
$110,207
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$207,487

Purchase Details

Closed on
Sep 30, 2009
Sold by
Wells Fargo Bank Na
Bought by
Benjamin Jean Baptiste

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2009
Sold by
Goda Maryse
Bought by
Wells Fargo Bank Na

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2005
Sold by
Kitzmiller Shawn D and Kitzmiller Callie A
Bought by
Goda Maryse

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,250
Interest Rate
8.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 26, 2003
Sold by
Christmann Timothy J and Christmann Tracy
Bought by
Kitzmiller Shawn D and Kitzmiller Callie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,510
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 23, 2003
Sold by
Federal National Mortgage Association
Bought by
Christmann Timothy J and Christmann Tracy

Purchase Details

Closed on
Apr 21, 2003
Sold by
Luigard Ricky C
Bought by
Federal National Mortgage Association
Source: Public Records

Range of Values:

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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
Gallo Antonio $149,900 None Available
Benjamin Jean Baptiste $120,000 Dba Conestoga Title Ins Co
Wells Fargo Bank Na $1,800 None Available
Goda Maryse $125,000 --
Kitzmiller Shawn D $83,900 --
Christmann Timothy J $58,000 First American Title Ins Co
Federal National Mortgage Association $1,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallo Antonio $147,181
Previous Owner Benjamin Jean Baptiste $90,000
Previous Owner Goda Maryse $106,250
Previous Owner Kitzmiller Shawn D $75,510
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2013 11/22/13 Sold $149,900 -16.7% $40 / Sq Ft
10/24/2013 10/24/13 Pending -- -- --
02/18/2013 02/18/13 For Sale $179,900 -- $48 / Sq Ft
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 $2,492 $91,800 $22,900 $68,900
2024 $4,076 $91,800 $22,900 $68,900
2023 $4,013 $91,800 $22,900 $68,900
2022 $4,013 $91,800 $22,900 $68,900
2021 $4,013 $91,800 $22,900 $68,900
2020 $3,973 $91,800 $22,900 $68,900
2019 $3,973 $91,800 $22,900 $68,900
2018 $3,973 $91,800 $22,900 $68,900
2017 $3,947 $91,800 $22,900 $68,900
2016 $2,255 $91,800 $22,900 $68,900
2015 $2,255 $91,800 $22,900 $68,900
2014 $2,075 $91,800 $22,900 $68,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003337952

Bright MLS

APN: 16-5316-06-38-3718