Seller's Agent in 2022
KatieJo Shank
RE/MAX of Reading
(610) 587-9031
2 in this area
190 Total Sales
1601 and 1603 Mineral Spring Rd Reading, PA 19602
East Reading NeighborhoodEstimated Value: $224,000 - $300,000
--
Bed
3
Baths
6,775
Sq Ft
$37/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Wood Flooring
- 2-minute walk to 16th & Haak Playground
- Backs to Trees or Woods
- 90% Forced Air Heating System
About This Home
As of November 20226 Unit property in Hessian Camp area of Reading. Each unit has 2 bedrooms, 1 bath. Some updates have been made on the property. Sale includes 1601 Mineral Spring Road - ID# 16-5316-06-39-9058, 1603 Mineral Spring Rd - ID#16-5316-06-39-9088 and 1601 R Mineral Spring (Parking Lot) - ID# 16-5316-06-49-0204. Please make sure all are included on Agreements.
Listing agent must accompany for showings to get into available units. Newer Roof, Newer Mechanicals, partially updated units.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,623
Year Built
- Built in 1910
Lot Details
- 5,227 Sq Ft Lot
- Backs to Trees or Woods
Home Design
- 6,775 Sq Ft Home
- Colonial Architecture
- Brick Exterior Construction
- Stone Foundation
- Plaster Walls
- Shingle Roof
- Architectural Shingle Roof
- Asphalt Roof
- Rubber Roof
Flooring
- Wood
- Carpet
- Vinyl
Parking
- 12 Open Parking Spaces
- 12 Parking Spaces
- Parking Lot
- Off-Street Parking
Utilities
- Window Unit Cooling System
- 90% Forced Air Heating System
- Electric Water Heater
Listing and Financial Details
- The owner pays for common area maintenance, repairs, trash collection
- Tax Lot 9058
- Assessor Parcel Number 16-5316-06-39-9058
Community Details
Overview
- 4 Units
- 3-Story Building
Building Details
- 2 Vacant Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 22, 2023
Sold by
M3-5 Llc
Bought by
M3-5 Llc
Total Days on Market
4
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Outstanding Balance
$349,337
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
-$39,337
Purchase Details
Listed on
Oct 8, 2022
Closed on
Nov 17, 2022
Sold by
E & A Development Llc
Bought by
M3-5 Llc
Seller's Agent
KatieJo Shank
RE/MAX Of Reading
Buyer's Agent
KatieJo Shank
RE/MAX Of Reading
List Price
$315,000
Sold Price
$335,000
Premium/Discount to List
$20,000
6.35%
Views
4
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.13%
Original Mortgage
$326,250
Interest Rate
6.95%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 26, 2005
Sold by
Kopicki Edward L and Kopicki Cinamon B
Bought by
Santini Frank L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| M3-5 Llc | -- | Stewart Title | |
| M3-5 Llc | $335,000 | -- | |
| Santini Frank L | $235,000 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | M3-5 Llc | $412,500 | |
| Previous Owner | M3-5 Llc | $326,250 | |
| Previous Owner | E & A Development Llc | $225,000 | |
| Previous Owner | E & A Development Llc | $198,450 | |
| Previous Owner | Santini Frank L | $176,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/22/2022 11/22/22 | Sold | $335,000 | 0.0% | $49 / Sq Ft |
| 10/12/2022 10/12/22 | Pending | -- | -- | -- |
| 10/11/2022 10/11/22 | Off Market | $335,000 | -- | -- |
| 10/08/2022 10/08/22 | For Sale | $315,000 | -- | $46 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,629 | $60,000 | $12,400 | $47,600 |
| 2024 | $2,664 | $60,000 | $12,400 | $47,600 |
| 2023 | $2,623 | $60,000 | $12,400 | $47,600 |
| 2022 | $2,623 | $60,000 | $12,400 | $47,600 |
| 2021 | $2,623 | $60,000 | $12,400 | $47,600 |
| 2020 | $2,597 | $60,000 | $12,400 | $47,600 |
| 2019 | $2,597 | $60,000 | $12,400 | $47,600 |
| 2018 | $2,597 | $60,000 | $12,400 | $47,600 |
| 2017 | $2,579 | $60,000 | $12,400 | $47,600 |
| 2016 | $1,474 | $60,000 | $12,400 | $47,600 |
| 2015 | $1,474 | $60,000 | $12,400 | $47,600 |
| 2014 | $1,356 | $60,000 | $12,400 | $47,600 |
Source: Public Records
Agents Affiliated with this Home
-
KatieJo Shank
Map
Source: Bright MLS
MLS Number: PABK2022580
APN: 16-5316-06-39-9088
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.
Nearby Homes
- 1650 Mineral Spring Rd
- 1528 Haak St
- 1512 Haak St
- 1517 Hill Rd Unit 6F
- 1517 Hill Rd
- 1517 Hill Rd Unit 4H
- 1615 Perkiomen Ave
- 1628 Muhlenberg St
- 156 Clymer St
- 1404 Perkiomen Ave
- 1553 Cotton St
- 325 Miller St
- 1455 Cotton St
- 1746 Perkiomen Ave
- 1704 Cotton St
- 533 S 15th St
- 1849 Perkiomen Ave
- 1325 Cotton St
- 208 Chapel Tc
- 550 S 18th St