NOT LISTED FOR SALE
Studio
-- Bath
-- Sq Ft
1,742 Sq Ft Lot

Sale Details

Date Sold: October 19, 2018

Last sale price $122,500

7 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • 4-minute walk to City Park
  • No HOA
  • Replacement Windows

About This Home

As of October 2018

Great Cash Flow on this 5 unit building. The building has all new windows but the ones on the 3rd floor front. The roof and gas heater are also newer. The owner pays the gas heat, water, sewer and trash. The tenants pay their gas hot water and gas cooking and electric. All expenses are shown on the sheet, even management fees. Over $24,000 a year net profit on this building. Great location to Penn St. shopping, the Doubletree hotel, and the park.

Last Agent to Sell the Property

Ed Stauffer

(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS294153 Listed on: 09/21/2018

RE/MAX Of Reading

Last Buyer's Agent

Trent Stauffer

(610) 373-8701 info@boldpa.com Bold Realty License #RM422216

Bold Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,610

Year Built

  • Built in 1890

Lot Details

  • 1,742 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation

Interior Spaces

  • Replacement Windows
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile or Brick

Schools

  • Reading Senior High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 1996
  • Assessor Parcel Number 03-5316-21-19-1996

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $807
  • Insurance Expense $963
  • Maintenance Expense $2,050
  • Operating Expense $10,628

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,610

Year Built

Built in 1890

Lot Details

1,742 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Inclusions: 5 Stoves, 5 Refrig's.
  • New Construction: No
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Tile/Brick
  • Window Features: Replacement
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Annual Heating Expense: 1574.00
  • Central Air Conditioning: No
  • Electric Expense: 807.00
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 3624.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • High School: READING SENIOR

Lot Info

  • Improvement Assessed Value: 26200.00
  • Land Assessed Value: 11000.00
  • Lot Size Acres: 0.04
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 35100.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

Tax Info

  • Assessor Parcel Number: 1442273
  • Tax Annual Amount: 1610.00
  • Assessor Parcel Number: 03-5316-21-19-1996
  • Tax Lot: 1996
  • Tax Year: 2018

MLS Schools

  • School District Name: READING

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2022
Sold by
Bought by

Purchase Details

Listed on
Sep 21, 2018
Closed on
Oct 19, 2018
Sold by
Bought by
Seller's Agent
Ed Stauffer
RE/MAX Of Reading
Buyer's Agent
Trent Stauffer
Bold Realty
List Price
$134,900
Sold Price
$122,500
Premium/Discount to List
-$12,400
-9.19%

Purchase Details

Closed on
Apr 28, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
0.0476%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$190,000 Stewart Title
$122,500 Stewart Abstract
$60,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $48,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/19/2018 10/19/18 Sold $122,500 -9.2% --
09/28/2018 09/28/18 Pending -- -- --
09/21/2018 09/21/18 For Sale $134,900 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $1,050 $37,200 $11,000 $26,200
2025 $1,010 $37,200 $11,000 $26,200
2024 $1,652 $37,200 $11,000 $26,200
2023 $1,626 $37,200 $11,000 $26,200
2022 $1,626 $37,200 $11,000 $26,200
2021 $1,626 $37,200 $11,000 $26,200
2020 $1,610 $37,200 $11,000 $26,200
2019 $1,610 $37,200 $11,000 $26,200
2018 $1,610 $37,200 $11,000 $26,200
2017 $1,599 $37,200 $11,000 $26,200
2016 $914 $37,200 $11,000 $26,200
2015 $914 $37,200 $11,000 $26,200
2014 $841 $37,200 $11,000 $26,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1006532872

Bright MLS
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