NOT LISTED FOR SALE

16-1 Cranberry Ridge Unit 1 Reading, PA 19606

Lorane Neighborhood

Estimated Value: $240,000 - $262,000

3 Beds
1.5 Baths
1,602 Sq Ft
$155/Sq Ft Est. Value

Last Sold May 09, 2023

Last sale price $215,000 $134 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,620/month

14 Days on Market

Highlights

  • Colonial Architecture
  • Space For Rooms
  • Living Room
  • Exeter Township Senior High School Rated A-
  • Community Pool
  • Central Air

About This Home

As of May 2023

Super End-Unit townhouse in Laurel Springs, Hardwood floors Dining Room and Living Room, rear deck, all appliances remain, quick possession, Radon system, ADT alarm system put in by prior owner, current owner did not use. Newer Appliances and roof replaced in 2020.

Last Listed By

Barry Sherman

Keller Williams Platinum Realty - Wyomissing License #AB048417L Listed on: 03/21/2023

Keller Williams Platinum Realty - Wyomissing

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,928

Year Built

  • Built in 1992

Lot Details

  • 871 Sq Ft Lot

HOA Fees

  • $149 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Architectural Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,602 Sq Ft Home
  • Property has 2 Levels
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 3 Bedrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Space For Rooms

Schools

  • Exeter Township Junior Middle School
  • Exeter Township Senior High School

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • 200+ Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 43-5325-06-38-5063

Community Details

Overview

  • $500 Capital Contribution Fee
  • Laurel Springs HOA, Phone Number (610) 779-9596
  • Laurel Springs Subdivision
  • Property Manager

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,928

Year Built

Built in 1992

Lot Details

0

HOA Fees

$149 per month

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Window Treatments
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1992
  • Automatically Close On Close Date: No
  • Remarks Public: Super End-Unit townhouse in Laurel Springs, Hardwood floors Dining Room and Living Room, rear deck, all appliances remain, quick possession, Radon system, ADT alarm system put in by prior owner, current owner did not use. Newer Appliances and roof replaced in 2020.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Room Count: 8
  • Room List: Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1, Bathroom 1, Bathroom 2
  • Basement: Yes
  • Basement Type: Full, Unfinished, Space For Rooms
  • Total Sq Ft: 1602
  • Living Area Sq Ft: 1602
  • Price Per Sq Ft: 140.39
  • Above Grade Finished Sq Ft: 1602
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 16-1

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick, Vinyl Siding
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 149.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Name: LAUREL SPRINGS HOA
  • HOA Phone: 610-779-9596
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 500.00

Schools

  • School District: EXETER TOWNSHIP
  • Middle School: EXETER TOWNSHIP JUNIOR
  • High School: EXETER TOWNSHIP SENIOR
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397319
  • School District Source: Listing Agent
  • High School: EXETER TOWNSHIP SENIOR
  • Middle Or Junior School: EXETER TOWNSHIP JUNIOR

Lot Info

  • Improvement Assessed Value: 79500.00
  • Land Assessed Value: 6000.00
  • Lot Size Acres: 0.02
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 871.00
  • Zoning: RESIDENTIAL

Rental Info

  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 1503541
  • Tax Annual Amount: 3928.00
  • Assessor Parcel Number: 43-5325-06-38-5063
  • Tax Year: 2023
  • Close Date: 05/09/2023

MLS Schools

  • School District Name: EXETER TOWNSHIP

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2023
Closed on
May 9, 2023
Sold by
Fiorini Carl J
Bought by
Monheit Arlyn L
Seller's Agent
Barry Sherman
Keller Williams Platinum Realty - Wyomissing
Buyer's Agent
Gary Mercer
KW Greater West Chester
List Price
$229,900
Sold Price
$215,000
Premium/Discount to List
-$14,900
-6.48%
Total Days on Market
14
Views
104
Current Estimated Value
$247,672

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,672
Avg. Annual Appreciation
7.29%
Original Mortgage
$204,250
Outstanding Balance
$199,554
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$48,118

Purchase Details

Listed on
Jul 19, 2015
Closed on
Feb 12, 2016
Sold by
Ballantyne Brandon S
Bought by
Fiorini Carl J
Seller's Agent
Conrad Vanino
Keller Williams Platinum Realty - Wyomissing
Buyer's Agent
Barry Sherman
Keller Williams Platinum Realty - Wyomissing
List Price
$133,900
Sold Price
$129,900
Premium/Discount to List
-$4,000
-2.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.21%
Original Mortgage
$103,920
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2011
Sold by
Fontana Susan and Yarnall Susan
Bought by
Ballantyne Brandon S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,606
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 6, 2005
Sold by
Fonte Vincent E
Bought by
Yarnall Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
5.71%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 25, 2002
Sold by
Fonte Vincent E and Fonte Bridgett L
Bought by
Fonte Vincent E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
6.61%

Range of Values:

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Average Value
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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
Monheit Arlyn L $215,000 None Listed On Document
Fiorini Carl J $129,900 None Available
Ballantyne Brandon S $129,900 None Available
Yarnall Susan $109,000 --
Fonte Vincent E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Monheit Arlyn L $204,250
Previous Owner Fiorini Carl J $103,920
Previous Owner Ballantyne Brandon S $126,606
Previous Owner Yarnall Susan $79,000
Previous Owner Fonte Vincent E $76,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2023 05/09/23 Sold $215,000 -4.4% $134 / Sq Ft
04/04/2023 04/04/23 Pending -- -- --
03/27/2023 03/27/23 Price Changed $224,900 -2.2% $140 / Sq Ft
03/21/2023 03/21/23 For Sale $229,900 +77.0% $144 / Sq Ft
02/12/2016 02/12/16 Sold $129,900 0.0% $81 / Sq Ft
12/08/2015 12/08/15 Pending -- -- --
10/13/2015 10/13/15 Price Changed $129,900 -3.0% $81 / Sq Ft
07/19/2015 07/19/15 For Sale $133,900 -- $84 / 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 $1,181 $85,500 $6,000 $79,500
2024 $4,060 $85,500 $6,000 $79,500
2023 $3,928 $85,500 $6,000 $79,500
2022 $3,884 $85,500 $6,000 $79,500
2021 $3,825 $85,500 $6,000 $79,500
2020 $3,782 $85,500 $6,000 $79,500
2019 $3,740 $85,500 $6,000 $79,500
2018 $3,729 $85,500 $6,000 $79,500
2017 $3,676 $85,500 $6,000 $79,500
2016 $898 $85,500 $6,000 $79,500
2015 $898 $85,500 $6,000 $79,500
2014 $866 $85,500 $6,000 $79,500
Source: Public Records

Agents Affiliated with this Home

  • Barry Sherman

    Seller's Agent in 2023

    Barry Sherman

    Keller Williams Platinum Realty - Wyomissing

    (610) 914-4633

    1 in this area

    39 Total Sales

    Barry Sherman
    Section Image
  • Gary Mercer

    Buyer's Agent in 2023

    Gary Mercer

    KW Greater West Chester

    (610) 467-5319

    4 in this area

    1,902 Total Sales

    Gary Mercer
    Section Image
  • Liam Pierson

    Buyer Co-Listing Agent in 2023

    Liam Pierson

    KW Greater West Chester

    (484) 926-3926

    1 in this area

    10 Total Sales

    Liam Pierson
    Section Image
  • Conrad Vanino

    Seller's Agent in 2016

    Conrad Vanino

    Keller Williams Platinum Realty - Wyomissing

    (610) 207-9382

    11 Total Sales

    Conrad Vanino
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PABK2027850

Bright MLS

APN: 43-0000-00-00-0065

Pennsylvania Berks County Reading 19606 Lorane

16-1 Cranberry Ridge Unit 1, Reading, PA

Homes for Sale in Reading, PA

This home is located at 16-1 Cranberry Ridge Unit 1, Reading, PA 19606 since 21 March 2023 and is currently estimated at $247,672, approximately $154 per square foot. This property was built in 1992. 16-1 Cranberry Ridge Unit 1 is a home located in Berks County with nearby schools including Lorane Elementary School, Exeter Township Junior High School, and Exeter Township Senior High School.

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