NOT LISTED FOR SALE

1576 Mineral Spring Rd Reading, PA 19602

District 8 Neighborhood
-- Bed
4 Baths
3,250 Sq Ft
2,614 Sq Ft Lot

Last Sold April 11, 2019

Last sale price $130,000 $40 Per Sq Ft

34 Days on Market

Highlights

  • City View
  • Corner Lot
  • Porch
  • Colonial Architecture
  • No HOA
  • 2-minute walk to 16th & Haak Playground

About This Home

As of April 2019

Four unit, fully occupied with current city inspections. Month to month leases, 30 day notice to tenants if needed for settlement. First floor unit is 4 rooms - living room, bedroom, den, kitchen, bath rents for $575, owner says could be $650. Second floor front is one bedroom, living room, kitchen, bath rents for $525. Second floor rear is one bedroom, living room, kitchen, bath rents for $500. Third floor is one bedroom, living room/kitchen, bath $400. Rents include heat, water, sewer, trash, hot water, gas. Tenants pay electric. Updated electric panels with 5 meters, one for each apartment, and owner meter. Gas hot water heat, and gas hot water heater. Fire escape on side of building serves second and third floor. Full basement with outside exit for owner storage. New roof in 2015. Gas cooking in each unit. Owner expenses for 2018 - $3389 gas - $3113 water/sewer/trash - $432 owner electric - $1271 insurance.

Last Agent to Sell the Property

Mary Southern

RE/MAX 440 - Skippack License #RS159450A Listed on: 02/05/2019

Last Buyer's Agent

Damaso Lamos

NextHome Alliance

NextHome Alliance

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,350

Year Built

  • Built in 1900

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 29x133
  • Corner Lot
  • Sloped Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Colonial Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Slate Roof

Interior Spaces

  • 3,250 Sq Ft Home
  • Open Floorplan
  • City Views
  • Fire Escape

Kitchen

  • Eat-In Galley Kitchen
  • Gas Oven or Range

Flooring

  • Carpet
  • Laminate

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Basement Windows

Outdoor Features

  • Porch

Utilities

  • Hot Water Heating System
  • Above Ground Utilities
  • 100 Amp Service
  • Natural Gas Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • The owner pays for common area maintenance, gas, heat, heater maintenance contract, lawn/shrub care, insurance, repairs, sewer, sewer maintenance, snow removal, real estate taxes, trash collection, water
  • Tax Lot 8888
  • Assessor Parcel Number 16-5316-06-38-8888

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $1,271
  • Operating Expense $6,934
  • Gross Income $24,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,350

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: tenants possessions
  • Historic: No
  • Home Warranty: No
  • Inclusions: 4 refrigerators, 4 range/ovens
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: Four unit, fully occupied with current city inspections. Month to month leases, 30 day notice to tenants if needed for settlement. First floor unit is 4 rooms - living room, bedroom, den, kitchen, bath rents for $575, owner says could be $650. Second floor front is one bedroom, living room, kitchen, bath rents for $525. Second floor rear is one bedroom, living room, kitchen, bath rents for $500. Third floor is one bedroom, living room/kitchen, bath $400. Rents include heat, water, sewer, trash, hot water, gas. Tenants pay electric. Updated electric panels with 5 meters, one for each apartment, and owner meter. Gas hot water heat, and gas hot water heater. Fire escape on side of building serves second and third floor. Full basement with outside exit for owner storage. New roof in 2015. Gas cooking in each unit. Owner expenses for 2018 - $3389 gas - $3113 water/sewer/trash - $432 owner electric - $1271 insurance.
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Gas, Refrigerator
  • Flooring Type: Carpet, Laminated
  • Interior Amenities: Carpet, Combination Dining/Living, Combination Kitchen/Dining, Kitchen - Eat-In, Kitchen - Galley
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Unfinished, Walkout Level, Windows
  • Total Sq Ft: 3250
  • Living Area Sq Ft: 3250
  • Price Per Sq Ft: 40.00
  • Above Grade Finished Sq Ft: 3250
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1576

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Fire Escape, Sidewalks
  • Road Surface Type: Paved
  • Roof: Flat, Slate
  • Spa: No
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Refuse: 260.00
  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Gas Avg Month: 283.00
  • Gas Prev12 Months: 3396.00
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Above Ground, Cable Tv Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes

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: 44700.00
  • Land Assessed Value: 9600.00
  • Lot Features: Corner, Road Frontage, Sloping
  • Lot Size Acres: 0.06
  • Lot Dimensions: 29x133
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2614.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Good
  • Year Assessed: 2019
  • Zoning: R3

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 4
  • Owner Pays: Common Area Maintenance, Gas, Heat, Heater Maintenance Contract, Lawn/Shrub Care, Insurance, Repairs, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 24600.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1458332
  • School Tax: 974.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 2350.00
  • Assessor Parcel Number: 16-5316-06-38-8888
  • Tax Lot: 8888
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 04/11/2019

Multi Family

  • Gross Income: 24600.00
  • Gross Scheduled Income: 24600.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 6934.00

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
04/11/2019 04/11/19 Sold $130,000 0.0% $40 / Sq Ft
03/11/2019 03/11/19 Pending -- -- --
02/05/2019 02/05/19 For Sale $130,000 -- $40 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mary Southern

    Seller's Agent in 2019

    Mary Southern

    RE/MAX

    (610) 207-2110

    84 Total Sales

    Mary Southern
    Section Image
  • Damaso Lamos

    Buyer's Agent in 2019

    Damaso Lamos

    NextHome Alliance

    (484) 721-0485

    1 in this area

    24 Total Sales

    Damaso Lamos
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PABK301322

Bright MLS

APN: 5316-06-38-8888

Pennsylvania Berks County Reading 19602 District 8

1576 Mineral Spring Rd, Reading, PA

This home is located at 1576 Mineral Spring Rd, Reading, PA 19602 since 05 February 2019. This property was built in 1900. 1576 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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