NOT LISTED FOR SALE

1524 Mineral Spring Rd Reading, PA 19602

District 8 Neighborhood

Estimated Value: $278,000 - $426,000

-- Bed
4 Baths
3,690 Sq Ft
$93/Sq Ft Est. Value

Last Sold December 16, 2016

Last sale price $82,500 $22 Per Sq Ft

Est. 317% increase in value since last sale

Current estimated payment $2,037/month

38 Days on Market

Highlights

  • 0.16 Acre Lot
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • No HOA
  • Laundry Facilities
  • 4-minute walk to 16th & Haak Playground

About This Home

As of December 2016

4 Unit Semi, long term tenants, plus 3 garages rented each at 65/month. Listing agent has copies of leases, income and expense report & improvements to property. Nice location with public transportation access.

Last Agent to Sell the Property

Karen Sandor

(610) 823-9044 sandorsellsproperties@gmail.com Weichert Realtors Neighborhood One License #RS276597 Listed on: 10/11/2016

Weichert Realtors Neighborhood One

Last Buyer's Agent

Ronald Samsel

(941) 842-6100 ron@berksrealtor.com United Real Estate Strive 212 License #RS202136L

United Real Estate Strive 212

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1895

Lot Details

  • 6,970 Sq Ft Lot
  • Property is in good condition

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,690 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 3 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Reading Senior High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 3758
  • Assessor Parcel Number 16-5316-06-38-3758

Community Details

Building Details

  • Income includes laundry
  • Electric Expense $439
  • Insurance Expense $1,778
  • Maintenance Expense $4,067
  • Other Expense $100
  • Operating Expense $17,936

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property
  • Inclusions: 4 Stoves; 4 Refrigerators
  • New Construction: No
  • Other Expense: 100.00
  • Year Built: 1895
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Entry Location: Foyer
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Common
  • Total Sq Ft: 3690
  • Living Area Sq Ft: 3690
  • Price Per Sq Ft: 26.83
  • Above Grade Finished Sq Ft: 3690
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above 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
  • Open Parking Spaces Count: 3
  • Total Garage And Parking Spaces: 6

Utilities

  • Annual Heating Expense: 4257.00
  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Cooling: Yes
  • Electric Expense: 439.00
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 2957.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: READING SENIOR

Lot Info

  • Improvement Assessed Value: 65700.00
  • Land Assessed Value: 35200.00
  • Lot Size Acres: 0.16
  • Lot Dimensions: .
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6970.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 28860.00
  • Income Includes: Laundry
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Assessor Parcel Number: 1458303
  • Tax Annual Amount: 4338.00
  • Assessor Parcel Number: 16-5316-06-38-3758
  • Tax Lot: 3758
  • Tax Year: 2016

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 2, 1993
Bought by
Kemmerer Bob P
Current Estimated Value
$344,023
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
Kemmerer Bob P $89,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2016 12/16/16 Sold $82,500 -16.7% $22 / Sq Ft
11/18/2016 11/18/16 Pending -- -- --
10/11/2016 10/11/16 For Sale $99,000 -- $27 / 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 $2,739 $100,900 $35,200 $65,700
2024 $4,480 $100,900 $35,200 $65,700
2023 $4,411 $100,900 $35,200 $65,700
2022 $4,411 $100,900 $35,200 $65,700
2021 $4,411 $100,900 $35,200 $65,700
2020 $4,367 $100,900 $35,200 $65,700
2019 $4,367 $100,900 $35,200 $65,700
2018 $4,367 $100,900 $35,200 $65,700
2017 $4,338 $100,900 $35,200 $65,700
2016 $2,478 $100,900 $35,200 $65,700
2015 $2,478 $100,900 $35,200 $65,700
2014 $2,280 $100,900 $35,200 $65,700
Source: Public Records

Agents Affiliated with this Home

  • Karen Sandor

    Seller's Agent in 2016

    Karen Sandor

    Weichert Corporate

    (610) 823-9044

    10 Total Sales

    Karen Sandor
    Section Image
  • Ronald Samsel

    Buyer's Agent in 2016

    Ronald Samsel

    United Real Estate Strive 212

    (941) 842-6100

    2 in this area

    114 Total Sales

    Ronald Samsel
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003897265

Bright MLS

APN: 16-5316-06-38-3758

Pennsylvania Berks County Reading 19602 District 8

1524 Mineral Spring Rd, Reading, PA

Not Listed for Sale

MultiFamily

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