NOT LISTED FOR SALE

1611 Mineral Spring Rd Reading, PA 19602

East Reading Neighborhood

Estimated Value: $241,373 - $306,000

-- Bed
2 Baths
3,371 Sq Ft
$81/Sq Ft Est. Value

Last Sold January 17, 2023

Last sale price $195,000 $58 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $1,578/month

18 Days on Market

Highlights

  • Colonial Architecture
  • 90% Forced Air Heating System
  • 3-minute walk to 16th & Haak Playground
  • 1 Fireplace

About This Home

As of January 2023

2 Unit with 3 bedrooms each unit. Property has so much potential with an extended lot. 2nd floor apartment could be a 4 bedroom if attic area gets finished. Currently one tenant, paying $1000 month on a month-to-month lease. Rents can be increased to current market.
Large open Kitchens with eat-in area, large living rooms. 3 Large bedrooms in each with closets and one bathroom. Nice outside patio area for cookouts or just relaxing outside. Parking could be paid for on the parking lot behind. Property is being sold as-is

Last Agent to Sell the Property

KatieJo Shank

(610) 587-9031 katiejo@theshankgroup.net RE/MAX Of Reading License #RS308446 Listed on: 11/22/2022

RE/MAX Of Reading

Last Buyer's Agent

Juan Romero

(610) 406-7927 jromero@c21gold.com Century 21 Gold License #RS318902

Century 21 Gold

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,514

Year Built

  • Built in 1910

Lot Details

  • 0.41 Acre Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Architectural Shingle Roof

Interior Spaces

  • 3,371 Sq Ft Home
  • 1 Fireplace

Utilities

  • Window Unit Cooling System
  • 90% Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for insurance, sewer, water, trash collection, common area maintenance
  • Tax Lot 0190
  • Assessor Parcel Number 16-5316-06-49-0190

Community Details

Overview

  • 2 Units
  • 3-Story Building

Building Details

  • 1 Vacant Unit
  • Operating Expense $150

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,514

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2022-11-22
  • Year Built: 1910
  • Automatically Close On Close Date: No
  • Remarks Public: 2 Unit with 3 bedrooms each unit. Property has so much potential with an extended lot. 2nd floor apartment could be a 4 bedroom if attic area gets finished. Currently one tenant, paying $1000 month on a month-to-month lease. Rents can be increased to current market. Large open Kitchens with eat-in area, large living rooms. 3 Large bedrooms in each with closets and one bathroom. Nice outside patio area for cookouts or just relaxing outside. Parking could be paid for on the parking lot behind. Property is being sold as-is
  • Special Features: None

Interior Features

  • Fireplaces Count: 1
  • Fireplace: No
  • Foundation Details: Stone
  • Room Count: 12
  • Total Sq Ft: 3371
  • Living Area Sq Ft: 3371
  • Price Per Sq Ft: 59.30
  • Above Grade Finished Sq Ft: 3371
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1611

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Architectural Shingle
  • 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
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • 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: 34800.00
  • Land Assessed Value: 22700.00
  • Land Use Code: 163
  • Lot Size Acres: 0.41
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 17859.00
  • Year Assessed: 2022
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 1
  • Owner Pays: Insurance, Sewer, Water, Trash Collection, Common Area Maintenance
  • Rent Control: No
  • Total Actual Rent: 12000.00
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1458470
  • School Tax: 1031.00
  • Tax Annual Amount: 2514.00
  • Assessor Parcel Number: 16-5316-06-49-0190
  • Tax Lot: 0190
  • Tax Total Finished Sq Ft: 3371
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 01/17/2023

Multi Family

  • Number Of Units Vacant: 1
  • Operating Expense: 150.00

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2022
Closed on
Jan 18, 2023
Sold by
E & A Development Llc
Bought by
Rama Maria D and Cruz Diaz J
Seller's Agent
KatieJo Shank
RE/MAX Of Reading
Buyer's Agent
Juan Romero
Century 21 Gold
List Price
$199,900
Sold Price
$195,000
Premium/Discount to List
-$4,900
-2.45%
Views
30
Current Estimated Value
$273,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,093
Avg. Annual Appreciation
14.59%
Original Mortgage
$165,750
Outstanding Balance
$160,731
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$120,930

Purchase Details

Closed on
Nov 6, 2008
Sold by
Sell Lyle and Sell Nancy
Bought by
E & A Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
6.08%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 21, 2001
Sold by
Menet Brian A and Menet Sherry M
Bought by
German Karin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,886
Interest Rate
6.61%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Rama Maria D $195,000 --
E & A Development Llc $61,701 None Available
German Karin M $77,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rama Maria D $165,750
Previous Owner German Karin M $76,886
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2023 01/17/23 Sold $195,000 -2.5% $58 / Sq Ft
12/11/2022 12/11/22 Pending -- -- --
11/22/2022 11/22/22 For Sale $199,900 -- $59 / 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 $1,561 $57,500 $22,700 $34,800
2024 $2,553 $57,500 $22,700 $34,800
2023 $2,514 $57,500 $22,700 $34,800
2022 $2,514 $57,500 $22,700 $34,800
2021 $2,514 $57,500 $22,700 $34,800
2020 $2,488 $57,500 $22,700 $34,800
2019 $2,488 $57,500 $22,700 $34,800
2018 $2,488 $57,500 $22,700 $34,800
2017 $2,472 $57,500 $22,700 $34,800
2016 $1,031 $57,500 $22,700 $34,800
2015 $1,412 $57,500 $22,700 $34,800
2014 $1,299 $57,500 $22,700 $34,800
Source: Public Records

Agents Affiliated with this Home

  • KatieJo Shank

    Seller's Agent in 2023

    KatieJo Shank

    RE/MAX of Reading

    (610) 587-9031

    2 in this area

    192 Total Sales

    KatieJo Shank
    Section Image
  • Juan Romero

    Buyer's Agent in 2023

    Juan Romero

    Century 21 Gold

    (610) 406-7927

    1 in this area

    26 Total Sales

    Juan Romero
    Section Image
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Map

Source: Bright MLS

MLS Number: PABK2024060

Bright MLS

APN: 16-5316-06-49-0190

Pennsylvania Berks County Reading 19602 East Reading

1611 Mineral Spring Rd, Reading, PA

This home is located at 1611 Mineral Spring Rd, Reading, PA 19602 since 22 November 2022 and is currently estimated at $273,093, approximately $81 per square foot. This property was built in 1910. 1611 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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