NOT LISTED FOR SALE

1544 Mineral Spring Rd Reading, PA 19602

District 8 Neighborhood
-- Bed
3 Baths
2,459 Sq Ft
3,049 Sq Ft Lot

Last Sold October 08, 2021

Last sale price $155,000 $63 Per Sq Ft

Highlights

  • View of Trees or Woods
  • Victorian Architecture
  • No HOA
  • Wood Flooring
  • High Ceiling
  • 2-minute walk to 16th & Haak Playground

About This Home

As of October 2021

Large property with three individual (one )bedroom apartments. Each is supplied with their own all electric service for heat, hot water and electric. Owner pays water, sewer, trash, recycling. The apartments were nicely finished a few years ago, and are still in good to average condition. Longer term tenant on the first floor, new tenant scheduled for the second floor and a few months into a year lease for the third floor. Priced to move, this is a good property with up-side potential to increase rents. Bonus, there is a gravel parking lot in the back with room for at least 3 vehicles. Across the street are beautiful mansions, and the neighboring properties are all adorned with interesting architectural features.

Last Agent to Sell the Property

Sean Moretti

(484) 769-3209 seanhmoretti@gmail.com Destination Realty LLC Listed on: 08/10/2021

Last Buyer's Agent

Francisco Acosta

(484) 516-5870 realtor@teamacosta.net Realty One Group Alliance License #RS342984

Realty One Group Alliance

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,824

Year Built

  • Built in 1900

Lot Details

  • 3,049 Sq Ft Lot
  • Interior Lot
  • Sloped Lot
  • Back Yard
  • Property is in very good condition

Property Views

  • Woods
  • Mountain

Home Design

  • Triplex
  • Victorian Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Pitched Roof

Interior Spaces

  • 2,459 Sq Ft Home
  • High Ceiling
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick

Parking

  • 3 Parking Spaces
  • 3 Driveway Spaces
  • Gravel Driveway

Location

  • Urban Location

Utilities

  • Electric Baseboard Heater
  • Above Ground Utilities
  • 200+ Amp Service
  • Electric Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • The owner pays for accounting/legal, advertising/licenses and permits, lawn/shrub care, management, miscellaneous, repairs, sewer, sewer maintenance, snow removal, real estate taxes, trash collection, water
  • Tax Lot 5884
  • Assessor Parcel Number 16-5316-06-38-5884

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 3-Story Building

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Insurance Expense $900
  • Maintenance Expense $700
  • Trash Expense $90
  • Operating Expense $7,129
  • Gross Income $21,941
  • Net Operating Income $14,154

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,824

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Expected On Market: 2021-08-10
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Large property with three individual (one )bedroom apartments. Each is supplied with their own all electric service for heat, hot water and electric. Owner pays water, sewer, trash, recycling. The apartments were nicely finished a few years ago, and are still in good to average condition. Longer term tenant on the first floor, new tenant scheduled for the second floor and a few months into a year lease for the third floor. Priced to move, this is a good property with up-side potential to increase rents. Bonus, there is a gravel parking lot in the back with room for at least 3 vehicles. Across the street are beautiful mansions, and the neighboring properties are all adorned with interesting architectural features.
  • Special Features: VirtualTour

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Tile/Brick
  • Fireplace: No
  • Wall Ceiling Types: High
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2459
  • Living Area Sq Ft: 2459
  • Price Per Sq Ft: 67.10
  • Above Grade Finished Sq Ft: 2459
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1544

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • Road Surface Type: Black Top, Paved
  • Roof: Flat, Pitched
  • Spa: No
  • View: Mountain, Street, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Crushed Stone
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 3

Utilities

  • Central Air Conditioning: No
  • Monthly Average Electric: 100
  • Previous Twelve Months Electric Expense: 1200.00
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Above Ground, Cable Tv Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Monthly Water Average: 190
  • Water Previous Twelve Months: 2280.00
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Broadband, Cable, DSL

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: 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: 46500.00
  • Land Assessed Value: 18100.00
  • Land Use Code: 138R
  • Lot Features: Interior, Rear Yard, Sloping
  • Lot Size Acres: 0.07
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3049.00
  • Property Condition: Good, Very Good
  • Soil Types: Unknown
  • Year Assessed: 2021
  • Zoning: RES
  • Zoning Description: R3 is a high density residential zoning, this 3 unit is permitted in this zone.

Rental Info

  • Existing Lease Type: Double Net
  • Owner Pays: Accounting/Legal, Advertising/Licenses And Permits, Lawn/Shrub Care, Management, Miscellaneous, Repairs, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 22620.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1458312
  • School Tax: 1158.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 2824.00
  • Assessor Parcel Number: 16-5316-06-38-5884
  • Tax Lot: 5884
  • Tax Total Finished Sq Ft: 2459
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 10/08/2021

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 21941.40
  • Gross Scheduled Income: 21941.40
  • Income Includes: Apartment Rentals
  • Operating Expense: 7129.00
  • Other Units: Unit 1,Unit 2,Unit 3
  • Vacancy Allowance Rate: 3.00

MLS Schools

  • School District Name: READING

Range of Values:

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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
10/08/2021 10/08/21 Sold $155,000 0.0% $63 / Sq Ft
08/16/2021 08/16/21 Off Market $155,000 -- --
08/13/2021 08/13/21 Pending -- -- --
08/10/2021 08/10/21 For Sale $165,000 +45.1% $67 / Sq Ft
08/10/2021 08/10/21 Pending -- -- --
04/21/2016 04/21/16 Sold $113,750 0.0% $46 / Sq Ft
01/20/2016 01/20/16 Pending -- -- --
01/07/2016 01/07/16 For Sale $113,750 -- $46 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sean Moretti

    Seller's Agent in 2021

    Sean Moretti

    Destination Realty LLC

    (484) 769-3209

    3 in this area

    60 Total Sales

    Sean Moretti
    Section Image
  • Francisco Acosta

    Buyer's Agent in 2021

    Francisco Acosta

    Realty One Group Alliance

    (484) 516-5870

    2 in this area

    54 Total Sales

    Francisco Acosta
    Section Image
  • Allen Gehringer

    Seller's Agent in 2016

    Allen Gehringer

    Century 21 Gold

    (484) 269-4957

    1 in this area

    31 Total Sales

    Allen Gehringer
    Section Image
  • Patricia Thorson

    Buyer's Agent in 2016

    Patricia Thorson

    Springer Realty Group

    (610) 587-9636

    4 Total Sales

    Patricia Thorson
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PABK2002668

Bright MLS

APN: 5316-06-38-5884

Pennsylvania Berks County Reading 19602 District 8

1544 Mineral Spring Rd, Reading, PA

This home is located at 1544 Mineral Spring Rd, Reading, PA 19602 since 10 August 2021. This property was built in 1900. 1544 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.

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