NOT LISTED FOR SALE

Estimated Value: $99,551 - $178,000

-- Bed
3 Baths
2,220 Sq Ft
$63/Sq Ft Est. Value

Last Sold June 09, 2021

Last sale price $40,000 $18 Per Sq Ft

Est. 249% increase in value since last sale

Current estimated payment $860/month

1 Day on Market

Highlights

  • No HOA
  • Security Gate
  • Hot Water Heating System
  • 1 Car Detached Garage
  • En-Suite Primary Bedroom
  • Replacement Windows

About This Home

As of June 2021

Very large Northeast Reading 3 unit in need of work but with some good updates. Unit 1 is on the 1st floor and has 4 rooms, 2 BRS and is owner occupied with projected rent of $650/month. Unit 2 is on the 2nd floor and has 4 rooms, 2 BRS, rented by a 19 year tenant at $550/month. Unit 3 is on the 3rd floor and has 4 rooms, 2 BRS, rented by a 19 year tenant at 560/month. Rents are very low and could be raised but you do have long term tenants. More features include a 1 car detached garage, newer gas boiler about 6-7 years old, 200 AMP eletric and enclosed firepescapes for units 2 & 3. Overall a solid investment property that needs some work. Cash or commercial financing only. Being sold AS IS.

Last Listed By

Jose Candelaria

RE/MAX Of Reading License #RS193774L Listed on: 10/03/2018

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 1,307 Sq Ft Lot
  • Property is in below average condition

Parking

  • 1 Car Detached Garage
  • Rear-Facing Garage

Home Design

  • Triplex
  • Converted Dwelling
  • Brick Exterior Construction
  • Stone Foundation
  • Pitched Roof

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,220 Sq Ft Home
  • Replacement Windows
  • Security Gate

Flooring

  • Wall to Wall Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Drainage System

Schools

  • Reading Senior High School

Utilities

  • Radiator
  • Hot Water Heating System
  • 200+ Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 4980
  • Assessor Parcel Number 17-5317-21-08-4980

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Northeast Reading Subdivision

Building Details

  • Electric Expense $403
  • Insurance Expense $1,531
  • Operating Expense $7,474

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Exclusions: Anything Not Listing As Remaining.
  • Inclusions: 3 Range/Ovens, 3 Refrigerators
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Very large Northeast Reading 3 unit in need of work but with some good updates. Unit 1 is on the 1st floor and has 4 rooms, 2 BRS and is owner occupied with projected rent of $650/month. Unit 2 is on the 2nd floor and has 4 rooms, 2 BRS, rented by a 19 year tenant at $550/month. Unit 3 is on the 3rd floor and has 4 rooms, 2 BRS, rented by a 19 year tenant at 560/month. Rents are very low and could be raised but you do have long term tenants. More features include a 1 car detached garage, newer gas boiler about 6-7 years old, 200 AMP eletric and enclosed firepescapes for units 2 & 3. Overall a solid investment property that needs some work. Cash or commercial financing only. Being sold AS IS.
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Window Features: Replacement
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance, Drainage System
  • Total Sq Ft: 2220
  • Living Area Sq Ft: 2220
  • Price Per Sq Ft: 24.73
  • Above Grade Finished Sq Ft: 2220
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1566

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched
  • 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
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Detached Garage

Utilities

  • Annual Heating Expense: 1400.00
  • Central Air Conditioning: No
  • Electric Expense: 403.00
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security Gate
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 2500.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: READING
  • High School: READING SENIOR
  • School District Key: 300200397169
  • High School: READING SENIOR

Lot Info

  • Improvement Assessed Value: 27400.00
  • Land Assessed Value: 10500.00
  • Lot Size Acres: 0.03
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1307.00
  • Property Condition: Below Average
  • Zoning: R-3

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 21200.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1461210
  • Tax Annual Amount: 1640.00
  • Assessor Parcel Number: 17-5317-21-08-4980
  • Tax Lot: 4980
  • Tax Data Updated: No
  • Tax Year: 2018
  • Close Date: 06/09/2021

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2018
Closed on
Jun 9, 2021
Sold by
Shoemaker Scott
Bought by
Ruth Property Limited Liability Company
Seller's Agent
Jose Candelaria
RE/MAX Of Reading
Buyer's Agent
Jose Candelaria
RE/MAX Of Reading
List Price
$54,900
Sold Price
$40,000
Premium/Discount to List
-$14,900
-27.14%
Total Days on Market
1
Current Estimated Value
$139,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,517

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

Purchase History

Date Buyer Sale Price Title Company
Ruth Property Limited Liability Company $40,000 Signature Abstract
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2021 06/09/21 Sold $40,000 -27.1% $18 / Sq Ft
10/04/2018 10/04/18 Pending -- -- --
10/03/2018 10/03/18 For Sale $54,900 -- $25 / 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 $1,029 $37,900 $10,500 $27,400
2024 $1,683 $37,900 $10,500 $27,400
2023 $1,657 $37,900 $10,500 $27,400
2022 $1,657 $37,900 $10,500 $27,400
2021 $1,657 $37,900 $10,500 $27,400
2020 $1,640 $37,900 $10,500 $27,400
2019 $1,640 $37,900 $10,500 $27,400
2018 $1,640 $37,900 $10,500 $27,400
2017 $1,629 $37,900 $10,500 $27,400
2016 $316 $37,900 $10,500 $27,400
2015 $931 $37,900 $10,500 $27,400
2014 $857 $37,900 $10,500 $27,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1008344288

Bright MLS

APN: 17-5317-21-08-4980