NOT LISTED FOR SALE

1537 Perkiomen Ave Reading, PA 19602

District 8 Neighborhood

Estimated Value: $140,578 - $225,000

-- Bed
3 Baths
2,148 Sq Ft
$82/Sq Ft Est. Value

Last Sold January 29, 2021

Last sale price $90,000 $42 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $1,049/month

76 Days on Market

Highlights

  • Second Kitchen
  • Hot Water Heating System
  • 1-minute walk to 16th & Haak Playground
  • No HOA

About This Home

As of January 2021

Great investment property. Property has gas heat. Tenants pay their own utilities.

Last Agent to Sell the Property

Leticia Wiemann

Century 21 Gold License #RS224860L Listed on: 09/16/2020

Century 21 Gold

Last Buyer's Agent

Sean Devine

Sands & Company Real Estate License #RS335366

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,233

Year Built

  • Built in 1900

Lot Details

  • 3,049 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation

Interior Spaces

  • 2,148 Sq Ft Home
  • Basement Fills Entire Space Under The House

Kitchen

  • Second Kitchen
  • Stove

Utilities

  • Hot Water Heating System
  • 200+ Amp Service

Listing and Financial Details

  • The owner pays for insurance, sewer, trash collection, water
  • Tax Lot 6375
  • Assessor Parcel Number 16-5316-31-38-6375

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,233

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Great investment property. Property has gas heat. Tenants pay their own utilities.
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Stove
  • Interior Amenities: 2nd Kitchen
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2148
  • Living Area Sq Ft: 2148
  • Price Per Sq Ft: 46.55
  • Above Grade Finished Sq Ft: 2148
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1537

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 7200.00
  • Land Assessed Value: 21000.00
  • Land Use Code: 161
  • Lot Size Acres: 0.07
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3049.00
  • Year Assessed: 2021
  • Zoning: R-3

Rental Info

  • Owner Pays: Insurance, Sewer, Trash Collection, Water
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1459321
  • School Tax: 506.00
  • Tax Annual Amount: 1233.00
  • Assessor Parcel Number: 16-5316-31-38-6375
  • Tax Lot: 6375
  • Tax Total Finished Sq Ft: 2148
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 01/29/2021

Multi Family

  • Gross Income: 19800.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2020
Closed on
Jan 29, 2021
Sold by
Cuesta Jairo and Cuesta Jario
Bought by
Fabs Investments Llc
Seller's Agent
Leticia Wiemann
Century 21 Gold
Buyer's Agent
Sean Devine
Sands & Company Real Estate
List Price
$100,000
Sold Price
$90,000
Premium/Discount to List
-$10,000
-10%
Total Days on Market
76
Current Estimated Value
$175,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,645
Avg. Annual Appreciation
14.52%
Original Mortgage
$63,000
Outstanding Balance
$56,896
Interest Rate
2.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$105,411

Purchase Details

Closed on
Mar 15, 2012
Sold by
Cuesta Jairo and Cuesta Carmen
Bought by
Cuesta Jario
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Fabs Investments Llc $90,000 Regal Abstract
Cuesta Jario -- Conestoga Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fabs Investments Llc $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2021 01/29/21 Sold $90,000 -10.0% $42 / Sq Ft
12/01/2020 12/01/20 Pending -- -- --
10/01/2020 10/01/20 For Sale $100,000 +11.1% $47 / Sq Ft
09/18/2020 09/18/20 Pending -- -- --
09/18/2020 09/18/20 Off Market $90,000 -- --
09/16/2020 09/16/20 For Sale $100,000 -- $47 / 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 $765 $28,200 $21,000 $7,200
2024 $1,252 $28,200 $21,000 $7,200
2023 $1,233 $28,200 $21,000 $7,200
2022 $1,233 $28,200 $21,000 $7,200
2021 $1,233 $28,200 $21,000 $7,200
2020 $1,220 $28,200 $21,000 $7,200
2019 $1,220 $28,200 $21,000 $7,200
2018 $1,220 $28,200 $21,000 $7,200
2017 $1,212 $28,200 $21,000 $7,200
2016 $693 $28,200 $21,000 $7,200
2015 $693 $28,200 $21,000 $7,200
2014 $637 $28,200 $21,000 $7,200
Source: Public Records

Agents Affiliated with this Home

  • Leticia Wiemann

    Seller's Agent in 2021

    Leticia Wiemann

    Century 21 Gold

    (800) 921-9099

    1 in this area

    98 Total Sales

    Leticia Wiemann
    Section Image
  • Sean Devine

    Buyer's Agent in 2021

    Sean Devine

    Sands & Company Real Estate

    (610) 451-0774

    4 in this area

    45 Total Sales

    Sean Devine
    Section Image
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Map

Source: Bright MLS

MLS Number: PABK364134

Bright MLS

APN: 16-5316-31-38-6375

Pennsylvania Berks County Reading 19602 District 8

1537 Perkiomen Ave, Reading, PA

This home is located at 1537 Perkiomen Ave, Reading, PA 19602 since 16 September 2020 and is currently estimated at $175,645, approximately $81 per square foot. This property was built in 1900. 1537 Perkiomen Ave is a home located in Berks County with nearby schools including 16th & Haak Elementary School, Central Middle School, and Reading Senior High School.

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