NOT LISTED FOR SALE

1543 Perkiomen Ave Reading, PA 19602

District 8 Neighborhood

Estimated Value: $160,939 - $249,000

-- Bed
4 Baths
2,072 Sq Ft
$95/Sq Ft Est. Value

Last Sold November 23, 2020

Last sale price $125,000 $60 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $1,131/month

30 Days on Market

Highlights

  • 0.08 Acre Lot
  • Heating Available
  • 1-minute walk to 16th & Haak Playground
  • No HOA

About This Home

As of November 2020

These multi-units must be purchased together. 1541 is a large 2 unit. The first floor has a very large living room, dining room, kitchen and bath plus a back bedroom on the main level. Upstairs are 3 more bedrooms and a half bath. New tenant moves in on 9/1/2020. Rent is 950 and a yearly lease. The second floor rear unit is a 1 bedroom, yearly lease and is 700 a year. Owner pays w/t/s. Cap rate is 12.65. 1543 is a 3 unit. This building has very low taxes. The first floor unit has a bedroom, living room, dining room and kitchen on the main level and 2 bedrooms and a bath on the second level. The first floor rear unit is a 1 bedroom and the second floor rear is a 1 bedroom. All leases are yearly. All rents are up to date. Both buildings have electric heat. There is a large back yard and an outbuilding that used to be a 1 car detached garage. There is potential to take it down and put a parking pad there ? easily 2 car parking, to increase the value of the building and rents. There is an alley behind the building. Owner pays w/t/s. Cap rate is 13.40. Schedule your private showing today. 1541 and 1543 must be bought together - reference mls # PABK362100 for information and price regarding 1541 Perkiomen Ave. ( additional photos to come ).

Last Agent to Sell the Property

Lorraine Guthier

(484) 336-6378 lguthier@comcast.net Iron Valley Real Estate of Berks Listed on: 08/11/2020

Iron Valley Real Estate of Berks

Last Buyer's Agent

Sean Devine

(610) 451-0774 sdevine939@gmail.com Sands & Company Real Estate License #RS335366

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,670

Year Built

  • Built in 1900

Lot Details

  • 3,485 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Masonry

Interior Spaces

  • 2,072 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Heating Available
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 7344
  • Assessor Parcel Number 16-5316-31-38-7344

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Net Operating Income $17,404

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,670

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Inclusions: Appliances
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: These multi-units must be purchased together. 1541 is a large 2 unit. The first floor has a very large living room, dining room, kitchen and bath plus a back bedroom on the main level. Upstairs are 3 more bedrooms and a half bath. New tenant moves in on 9/1/2020. Rent is 950 and a yearly lease. The second floor rear unit is a 1 bedroom, yearly lease and is 700 a year. Owner pays w/t/s. Cap rate is 12.65. 1543 is a 3 unit. This building has very low taxes. The first floor unit has a bedroom, living room, dining room and kitchen on the main level and 2 bedrooms and a bath on the second level. The first floor rear unit is a 1 bedroom and the second floor rear is a 1 bedroom. All leases are yearly. All rents are up to date. Both buildings have electric heat. There is a large back yard and an outbuilding that used to be a 1 car detached garage. There is potential to take it down and put a parking pad there ? easily 2 car parking, to increase the value of the building and rents. There is an alley behind the building. Owner pays w/t/s. Cap rate is 13.40. Schedule your private showing today. 1541 and 1543 must be bought together - reference mls # PABK362100 for information and price regarding 1541 Perkiomen Ave. ( additional photos to come ).
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2072
  • Living Area Sq Ft: 2072
  • Price Per Sq Ft: 62.74
  • Above Grade Finished Sq Ft: 2072
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1543

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Roof: Unknown
  • 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: 100 Amp Service
  • Heating Fuel: Electric
  • Heating: Yes
  • Hot Water: Electric
  • 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

Lot Info

  • Land Use Code: 161
  • Lot Size Acres: 0.08
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3485.00
  • Year Assessed: 2020
  • Zoning: MULTI-UNIT

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 692.00
  • Tax Annual Amount: 1670.00
  • Assessor Parcel Number: 16-5316-31-38-7344
  • Tax Lot: 7344
  • Tax Total Finished Sq Ft: 2072
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 11/23/2020

Multi Family

  • Gross Income: 22500.00
  • Other Units: Unit 1,Unit 1,Unit 2

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2005
Sold by
Allgater Matthew R
Bought by
Liberati Realty Llc
Current Estimated Value
$196,985
Source: Public Records

Range of Values:

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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
Liberati Realty Llc $38,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2020 11/23/20 Sold $125,000 -3.8% $60 / Sq Ft
09/10/2020 09/10/20 Pending -- -- --
08/11/2020 08/11/20 For Sale $130,000 -- $63 / 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 $1,048 $38,600 $13,700 $24,900
2024 $1,714 $38,600 $13,700 $24,900
2023 $1,687 $38,600 $13,700 $24,900
2022 $1,687 $38,600 $13,700 $24,900
2021 $1,687 $38,600 $13,700 $24,900
2020 $1,670 $38,600 $13,700 $24,900
2019 $1,670 $38,600 $13,700 $24,900
2018 $1,670 $38,600 $13,700 $24,900
2017 $1,659 $38,600 $13,700 $24,900
2016 $948 $38,600 $13,700 $24,900
2015 $948 $38,600 $13,700 $24,900
2014 $872 $38,600 $13,700 $24,900
Source: Public Records

Agents Affiliated with this Home

  • Lorraine Guthier

    Seller's Agent in 2020

    Lorraine Guthier

    Iron Valley Real Estate of Berks

    (484) 336-6378

    4 in this area

    90 Total Sales

    Lorraine Guthier
    Section Image
  • Sean Devine

    Buyer's Agent in 2020

    Sean Devine

    Sands & Company Real Estate

    (610) 451-0774

    4 in this area

    40 Total Sales

    Sean Devine
    Section Image
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Map

Source: Bright MLS

MLS Number: PABK362088

Bright MLS

APN: 16-5316-31-38-7344

Pennsylvania Berks County Reading 19602 District 8

1543 Perkiomen Ave, Reading, PA

This home is located at 1543 Perkiomen Ave, Reading, PA 19602 since 11 August 2020 and is currently estimated at $196,985, approximately $95 per square foot. This property was built in 1900. 1543 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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