NOT LISTED FOR SALE

1531 Mineral Spring Rd Reading, PA 19602

East Reading Neighborhood
-- Bed
5 Baths
5,641 Sq Ft
0.67 Acres

Last Sold October 24, 2013

Last sale price $90,000 $16 Per Sq Ft

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • 4-minute walk to 16th & Haak Playground
  • 1 Car Detached Garage
  • Radiator

About This Home

As of October 2013

Five-unit Mansion on Mineral Springs Road offers approximately 11 off-street parking spaces, large rooms with interesting historic features; building has separate gas heating systems for tenants, (owner pays electric, gas for hot water, water, sewer, and trash). It is in need of cosmetic renovations, and one of the units was formerly Owner Occupied and will need to be authorized by Reading Zoning to be officially counted as a fifth unit. The property includes .67 acres with enough room in the back to consider building an additional multi-unit property. Property is being sold as-is. SDS on file and available for review. Interested parties will need to be approved by bank, which takes around 10 days. Bank approval required for all transactions, Conestoga Title company must be used for closing.

Last Agent to Sell the Property

Sean Moretti

(484) 769-3209 seanhmoretti@gmail.com Destination Realty LLC Listed on: 10/17/2012

Last Buyer's Agent

Michele McCartney

(610) 587-1913 michelemccartney@kw.com Keller Williams Platinum Realty - Wyomissing License #RS166910L

Keller Williams Platinum Realty - Wyomissing

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1899

Lot Details

  • 0.67 Acre Lot
  • Property is in below average condition

Parking

  • 1 Car Detached Garage
  • 8 Open Parking Spaces
  • Driveway
  • Parking Lot

Home Design

  • Converted Dwelling
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 5,641 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Radiator
  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 3182
  • Assessor Parcel Number 16-5316-06-39-3182

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $3,600
  • Insurance Expense $1,200
  • Maintenance Expense $1,000
  • Other Expense $1,500
  • Operating Expense $15,902

Property Details

Home Type

Multi-Family

Year Built

Built in 1899

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 1500.00
  • Year Built: 1899
  • Remarks Public: Five-unit Mansion on Mineral Springs Road offers approximately 11 off-street parking spaces, large rooms with interesting historic features; building has separate gas heating systems for tenants, (owner pays electric, gas for hot water, water, sewer, and trash). It is in need of cosmetic renovations, and one of the units was formerly Owner Occupied and will need to be authorized by Reading Zoning to be officially counted as a fifth unit. The property includes .67 acres with enough room in the back to consider building an additional multi-unit property. Property is being sold as-is. SDS on file and available for review. Interested parties will need to be approved by bank, which takes around 10 days. Bank approval required for all transactions, Conestoga Title company must be used for closing.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 5641
  • Living Area Sq Ft: 5641
  • Price Per Sq Ft: 23.05
  • Above Grade Finished Sq Ft: 5641
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1531

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Open Parking Spaces Count: 8
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 9
  • Type Of Parking: Driveway, Parking Lot, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 3600.00
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • 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
  • School District Key: 300200397169

Lot Info

  • Improvement Assessed Value: 95400.00
  • Land Assessed Value: 51300.00
  • Land Use Code: 133
  • Lot Size Acres: 0.67
  • Lot Dimensions: 4,792 SQ. FT.
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 29185.00
  • Property Condition: Below Average
  • Zoning: R3

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 37500.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

Tax Info

  • Assessor Parcel Number: 1458340
  • Tax Annual Amount: 5865.00
  • Assessor Parcel Number: 16-5316-06-39-3182
  • Tax Lot: 3182
  • Tax Year: 2013
  • Close Date: 10/24/2013

MLS Schools

  • School District Name: READING

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2013 10/24/13 Sold $90,000 -37.9% $16 / Sq Ft
08/25/2013 08/25/13 Pending -- -- --
10/17/2012 10/17/12 For Sale $145,000 -- $26 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sean Moretti

    Seller's Agent in 2013

    Sean Moretti

    Destination Realty LLC

    (484) 769-3209

    60 Total Sales

    Sean Moretti
    Section Image
  • Michele McCartney

    Buyer's Agent in 2013

    Michele McCartney

    Keller Williams Platinum Realty - Wyomissing

    (610) 587-1913

    2 in this area

    217 Total Sales

    Michele McCartney
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1004194478

Bright MLS

APN: 5316-06-39-3182

Pennsylvania Berks County Reading 19602 East Reading

1531 Mineral Spring Rd, Reading, PA

This home is located at 1531 Mineral Spring Rd, Reading, PA 19602 since 17 October 2012. This property was built in 1899. 1531 Mineral Spring Rd is a home located in Berks County with nearby schools including 16th & Haak Elementary School, Central Middle School, and Reading Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes