NOT LISTED FOR SALE

1605 Mineral Spring Rd Reading, PA 19602

East Reading Neighborhood

Estimated Value: $193,180 - $324,000

-- Bed
3 Baths
3,370 Sq Ft
$77/Sq Ft Est. Value

Last Sold September 16, 2020

Last sale price $128,000 $38 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $1,640/month

6 Days on Market

Highlights

  • No HOA
  • Brick Front
  • 3-minute walk to 16th & Haak Playground
  • Eat-In Kitchen
  • Radiator

About This Home

As of September 2020

Nice 3 unit apartment building in Reading. Each unit has a separate gas furnace and gas hot water heater. Great investment opportunity.

Last Agent to Sell the Property

Alicia Bressler

Century 21 Gold License #RS277771 Listed on: 06/12/2020

Century 21 Gold

Last Buyer's Agent

Mr. Nelson Gamez

Realty One Group Alliance License #RS321270

Realty One Group Alliance

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 4,792 Sq Ft Lot
  • Sloped Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Shingle Roof
  • Brick Front

Interior Spaces

  • 3,370 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Stove

Utilities

  • Radiator
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 0019
  • Assessor Parcel Number 16-5316-06-49-0019

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 3-Story Building
  • Hessian Camp Subdivision

Building Details

  • Operating Expense $11,167
  • Gross Income $24,000
  • Net Operating Income $12,833

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property
  • New Construction: No
  • Expected On Market: 2020-06-12
  • Year Built: 1910
  • Automatically Close On Close Date: No
  • Remarks Public: Nice 3 unit apartment building in Reading. Each unit has a separate gas furnace and gas hot water heater. Great investment opportunity.
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Stove
  • Interior Amenities: Kitchen - Table Space
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 3370
  • Living Area Sq Ft: 3370
  • Price Per Sq Ft: 50.42
  • Above Grade Finished Sq Ft: 3370
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1605

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick Front
  • Roof: Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Phone Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: 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: 68300.00
  • Land Assessed Value: 15600.00
  • Land Use Code: 163
  • Lot Features: Sloping
  • Lot Size Acres: 0.11
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Year Assessed: 2020
  • Zoning: R-1

Rental Info

  • Existing Lease Type: Month To Month
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1458467
  • School Tax: 1504.00
  • Tax Annual Amount: 3631.00
  • Assessor Parcel Number: 16-5316-06-49-0019
  • Tax Lot: 0019
  • Tax Total Finished Sq Ft: 3370
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 09/16/2020

Multi Family

  • Gross Scheduled Income: 24000.00
  • Operating Expense: 11167.00
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2020
Closed on
Sep 16, 2020
Sold by
Austin Okechukwu Llc
Bought by
Felix Estephany Marmolejos
Seller's Agent
Alicia Bressler
Century 21 Gold
Buyer's Agent
Mr. Nelson Gamez
Realty One Group Alliance
List Price
$169,900
Sold Price
$128,000
Premium/Discount to List
-$41,900
-24.66%
Total Days on Market
6
Current Estimated Value
$258,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,295
Avg. Annual Appreciation
16.00%
Original Mortgage
$125,681
Outstanding Balance
$112,792
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$145,503

Purchase Details

Closed on
May 11, 2018
Sold by
Okechukwu Austin
Bought by
Austin Okechu Llc

Purchase Details

Listed on
Apr 30, 2014
Closed on
Oct 28, 2016
Sold by
Costantino Dominic M
Bought by
Okechukwu Austin
Seller's Agent
Victoria Venezia
RE/MAX Of Reading
Buyer's Agent
Alicia Bressler
Century 21 Gold
List Price
$119,900
Sold Price
$87,000
Premium/Discount to List
-$32,900
-27.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.46%

Purchase Details

Closed on
Oct 10, 2003
Sold by
Pangle Patricia R and Cacciacarne Patricia R
Bought by
Constantino Dominic M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,800
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Felix Estephany Marmolejos $128,000 None Available
Austin Okechu Llc $80,000 Abstracting Company Of Berks
Okechukwu Austin $87,000 None Available
Constantino Dominic M $81,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Felix Estephany Marmolejos $125,681
Previous Owner Constantino Dominic M $64,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2020 09/16/20 Sold $128,000 -24.7% $38 / Sq Ft
06/19/2020 06/19/20 Pending -- -- --
06/12/2020 06/12/20 For Sale $169,900 +95.3% $50 / Sq Ft
10/28/2016 10/28/16 Sold $87,000 -27.4% $26 / Sq Ft
10/06/2016 10/06/16 Pending -- -- --
04/30/2014 04/30/14 For Sale $119,900 -- $36 / 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 $2,277 $83,900 $15,600 $68,300
2024 $3,726 $83,900 $15,600 $68,300
2023 $3,668 $83,900 $15,600 $68,300
2022 $3,668 $83,900 $15,600 $68,300
2021 $3,668 $83,900 $15,600 $68,300
2020 $3,631 $83,900 $15,600 $68,300
2019 $3,631 $83,900 $15,600 $68,300
2018 $3,631 $83,900 $15,600 $68,300
2017 $3,607 $83,900 $15,600 $68,300
2016 $2,061 $83,900 $15,600 $68,300
2015 $2,061 $83,900 $15,600 $68,300
2014 $1,896 $83,900 $15,600 $68,300
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Alicia Bressler

    Century 21 Gold

    (484) 638-0068

    1 in this area

    16 Total Sales

    Alicia Bressler
    Section Image
  • Mr. Nelson Gamez

    Buyer's Agent in 2020

    Mr. Nelson Gamez

    Realty One Group Alliance

    (484) 345-9135

    2 in this area

    253 Total Sales

    Mr. Nelson Gamez
    Section Image
  • Victoria Venezia

    Seller's Agent in 2016

    Victoria Venezia

    RE/MAX of Reading

    (610) 781-9626

    1 in this area

    102 Total Sales

    Victoria Venezia
    Section Image
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Map

Source: Bright MLS

MLS Number: PABK358832

Bright MLS

APN: 16-5316-06-49-0019

Pennsylvania Berks County Reading 19602 East Reading

1605 Mineral Spring Rd, Reading, PA

This home is located at 1605 Mineral Spring Rd, Reading, PA 19602 since 12 June 2020 and is currently estimated at $258,295, approximately $76 per square foot. This property was built in 1910. 1605 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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