1605 Mineral Spring Rd Reading, PA 19602
East Reading Neighborhood
--
Bed
--
Bath
3,370
Sq Ft
4,792
Sq Ft Lot
Highlights
- No HOA
- Brick Front
- 3-minute walk to 16th & Haak Playground
- Eat-In Kitchen
- Radiator
About This Home
As of September 2020Nice 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
Century 21 Gold License #RS277771 Listed on: 06/12/2020
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
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%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,257
Avg. Annual Appreciation
16.01%
Original Mortgage
$125,681
Outstanding Balance
$112,792
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$151,805
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
13.51%
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
Similar Homes in Reading, PA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $128,000 | None Available | |
| Deed | $80,000 | Abstracting Company Of Berks | |
| Deed | $87,000 | None Available | |
| Deed | $81,000 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $125,681 | FHA | |
| Previous Owner | $64,800 | Purchase Money Mortgage |
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
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
14 Total Sales
-
Buyer's Agent in 2020
Mr. Nelson Gamez
Realty One Group Alliance
(484) 345-9135
2 in this area
246 Total Sales
-
Seller's Agent in 2016
Victoria Venezia
RE/MAX of Reading
(610) 781-9626
1 in this area
97 Total Sales
Map
Source: Bright MLS
MLS Number: PABK358832
APN: 16-5316-06-49-0019
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