NOT LISTED FOR SALE

1701 Lancaster Ave Reading, PA 19607

Estimated Value: $375,357

-- Bed
-- Bath
-- Sq Ft
7,405 Sq Ft Lot

Last Sold February 29, 2016

Last sale price $185,000

Est. 103% increase in value since last sale

Current estimated payment $2,153/month

47 Days on Market

Highlights

  • No HOA
  • Parking Storage or Cabinetry
  • Forced Air Heating and Cooling System
  • 1 Car Direct Access Garage
  • Tile or Brick Flooring
  • Ceiling Fan

About This Home

As of February 2016

Multi Unit - to follow!

Last Agent to Sell the Property

Bonnie Eshelman

(610) 207-4716 BEshelman@GoBerksCounty.com RE/MAX Of Reading License #RS142433A Listed on: 11/19/2015

RE/MAX Of Reading

Last Buyer's Agent

Michele McCartney

(610) 587-1913 michelemccartney@kw.com Keller Williams Platinum Realty - Wyomissing License #RS166910L

Keller Williams Platinum Realty - Wyomissing

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60 x 125
  • Property is in good condition

Parking

  • 1 Car Direct Access Garage
  • 3 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Driveway
  • On-Street Parking

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Brick Foundation
  • Pitched Roof
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • Ceiling Fan
  • Replacement Windows
  • Storage In Attic
  • Washer and Dryer Hookup

Flooring

  • Wall to Wall Carpet
  • Tile or Brick
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Drainage System

Utilities

  • Forced Air Heating and Cooling System
  • Radiator
  • Heating System Uses Oil
  • Baseboard Heating
  • 200+ Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 5682
  • Assessor Parcel Number 39-5306-17-00-5682

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $732
  • Insurance Expense $1,732
  • Maintenance Expense $500
  • Operating Expense $13,836

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Exclusions: Personal Property
  • Inclusions: 3 Ref's.,3 Range/Ovens
  • New Construction: No
  • Storage: Basement, Attic, Garage
  • Year Built: 1940
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl, Tile/Brick
  • Interior Amenities: Ceiling Fan(s)
  • Window Features: Replacement
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Brick/Mortar
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance, Drainage System
  • Laundry Type: Hookup

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Open Parking Spaces Count: 3
  • Parking Features: Street
  • Garage Features: Inside Access
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: On Street, Driveway, Attached Garage

Utilities

  • Annual Heating Expense: 1200.00
  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Electric Expense: 732.00
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Oil
  • Heating Type: Oil, Forced Air, Radiator, Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 3549.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 75500.00
  • Land Assessed Value: 77000.00
  • Lot Size Acres: 0.17
  • Lot Dimensions: 60 X 125
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7405.00
  • Property Condition: Good
  • Zoning: COM

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 29280.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1498314
  • Tax Annual Amount: 6123.00
  • Assessor Parcel Number: 39-5306-17-00-5682
  • Tax Lot: 5682
  • Tax Year: 2016

MLS Schools

  • School District Name: GOVERNOR MIFFLIN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2015
Closed on
Feb 29, 2016
Sold by
Heffner Jackson L and Heffner Sharon A
Bought by
Mccarty Tyler D
Seller's Agent
Bonnie Eshelman
RE/MAX Of Reading
Buyer's Agent
Michele McCartney
Keller Williams Platinum Realty - Wyomissing
List Price
$195,000
Sold Price
$185,000
Premium/Discount to List
-$10,000
-5.13%
Current Estimated Value
$375,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,357
Avg. Annual Appreciation
7.45%
Original Mortgage
$138,750
Outstanding Balance
$110,328
Interest Rate
3.79%
Mortgage Type
Commercial
Estimated Equity
$265,029

Purchase Details

Closed on
Apr 28, 2000
Bought by
Heffner Jackson L and Heffner Sharon A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mccarty Tyler D $185,000 Title Services
Heffner Jackson L $119,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccarty Tyler D $138,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/29/2016 02/29/16 Sold $185,000 -5.1% --
01/05/2016 01/05/16 Pending -- -- --
11/19/2015 11/19/15 For Sale $195,000 -- --
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 $2,310 $129,400 $77,000 $52,400
2024 $5,954 $129,400 $77,000 $52,400
2023 $6,820 $152,500 $77,000 $75,500
2022 $6,649 $152,500 $77,000 $75,500
2021 $6,517 $152,500 $77,000 $75,500
2020 $6,517 $152,500 $77,000 $75,500
2019 $6,438 $152,500 $77,000 $75,500
2018 $6,322 $152,500 $77,000 $75,500
2017 $6,199 $152,500 $77,000 $75,500
2016 $2,481 $152,500 $77,000 $75,500
2015 $2,481 $152,500 $77,000 $75,500
2014 $2,481 $152,500 $77,000 $75,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002740550

Bright MLS

APN: 39-5306-17-00-5682