NOT LISTED FOR SALE

1720 Mineral Spring Rd Reading, PA 19602

District 8 Neighborhood

Estimated Value: $500,664

-- Bed
0.5 Bath
-- Sq Ft
0.7 Acres

Last Sold July 16, 2021

Last sale price $400,000

Est. 25% increase in value since last sale

Current estimated payment $3,204/month

169 Days on Market

Highlights

  • 0.7 Acre Lot
  • No HOA
  • Fireplace
  • Colonial Architecture
  • 7 Garage Spaces | 4 Attached and 3 Detached
  • 4-minute walk to Pendora Park

About This Home

As of July 2021

1720 Mineral Spring Road was built in 1928. Currently, the use is office/professional. The building rest in the R-3 zoning district and can be returned to a residential use. The first and second floors consist of 13 offices/bedroom. There currently are two conference rooms. One is the original dining room and the second could be your very own library or office. The original kitchen is now being used as additional office space and storage. This area could be upgraded to a new kitchen. There is a full kitchen on the second floor along with a full bathroom with shower. The third floor has been unfinished for some time but originally it had three bedrooms and one bathroom. Part of the lower level was once renovated into an apartment for a sibling. There were two large rooms, kitchen and bathroom. The remaining lower level is unfinished and used for storage and access to the attached garage. The cottage house can be entered into from the macadam lot to a spiral staircase that takes you to the 2 bedroom apartment and garage with three overhead doors. The apartment is vacant and would need improvements to be made in order to be rented. The property has newer rubber roofs, HVAC units and a macadam lot on three sides of the building for plenty of off street parking.

Last Listed By

Kent Wrobel

RE/MAX Of Reading Listed on: 11/03/2020

RE/MAX Of Reading

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Lot Details

  • 0.7 Acre Lot
  • North Facing Home
  • Property is zoned R-3

Parking

  • 7 Garage Spaces | 4 Attached and 3 Detached
  • Rear-Facing Garage
  • Parking Lot
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Flat Roof Shape
  • Pitched Roof
  • Concrete Roof
  • Rubber Roof

Interior Spaces

  • 0.5 Bathroom
  • Property has 3 Levels
  • Fireplace
  • Partially Finished Basement

Accessible Home Design

  • Doors are 32 inches wide or more

Schools

  • Southern Middle School
  • Reading Senior High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • 220 Volts
  • Electric Water Heater
  • Multiple Phone Lines
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 8809
  • Assessor Parcel Number 16-5316-06-48-8809

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

0

Parking

7

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1900
  • Building Winterized: No
  • Remarks Public: 1720 Mineral Spring Road was built in 1928. Currently, the use is office/professional. The building rest in the R-3 zoning district and can be returned to a residential use. The first and second floors consist of 13 offices/bedroom. There currently are two conference rooms. One is the original dining room and the second could be your very own library or office. The original kitchen is now being used as additional office space and storage. This area could be upgraded to a new kitchen. There is a full kitchen on the second floor along with a full bathroom with shower. The third floor has been unfinished for some time but originally it had three bedrooms and one bathroom. Part of the lower level was once renovated into an apartment for a sibling. There were two large rooms, kitchen and bathroom. The remaining lower level is unfinished and used for storage and access to the attached garage. The cottage house can be entered into from the macadam lot to a spiral staircase that takes you to the 2 bedroom apartment and garage with three overhead doors. The apartment is vacant and would need improvements to be made in order to be rented. The property has newer rubber roofs, HVAC units and a macadam lot on three sides of the building for plenty of off street parking.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: Yes
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Partially Finished
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1720

Beds/Baths

  • Total Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block
  • Roof: Pitched, Rubber, Flat, Concrete
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 7.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Attached Garage Spaces: 4
  • Number Of Detached Garage Spaces: 3
  • Total Garage And Parking Spaces: 7
  • Type Of Parking: Detached Garage, Parking Lot, Off Street, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Electric Service: 220 Volts
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Multiple Phone Lines, Natural Gas Available, Phone, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District: READING
  • Middle School: SOUTHERN
  • High School: READING SENIOR
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397169
  • School District Source: Listing Agent
  • High School: READING SENIOR
  • Middle Or Junior School: SOUTHERN

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 188300.00
  • Land Assessed Value: 88200.00
  • Land Use Code: 4112
  • Lot Size Acres: 0.70
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 30492.00
  • Year Assessed: 2021
  • Zoning: R-3

Green Features

  • Clean Green Assessed: No

Rental Info

  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 1458463
  • School Tax: 4958.00
  • Tax Annual Amount: 12087.00
  • Assessor Parcel Number: 16-5316-06-48-8809
  • Tax Lot: 8809
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 07/16/2021

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2020
Closed on
Jul 10, 2021
Sold by
Lgd Realty
Bought by
Neighborhood Bakery & Coffee Company Llc
Seller's Agent
Kent Wrobel
RE/MAX Of Reading
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$420,000
Sold Price
$400,000
Premium/Discount to List
-$20,000
-4.76%
Total Days on Market
169
Current Estimated Value
$500,664

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,664
Avg. Annual Appreciation
6.09%
Original Mortgage
$300,000
Outstanding Balance
$275,250
Interest Rate
2.93%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$225,414

Purchase Details

Closed on
Apr 29, 1994
Bought by
Lgd Realty

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
Neighborhood Bakery & Coffee Company Llc $400,000 Stewart Abstract
Lgd Realty $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Neighborhood Bakery & Coffee Company Llc $300,000
Previous Owner Lgd Realty $60,696
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2021 07/16/21 Sold $400,000 -4.8% --
11/03/2020 11/03/20 For Sale $420,000 -- --
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 $5,133 $189,100 $88,200 $100,900
2024 $8,397 $189,100 $88,200 $100,900
2023 $12,087 $276,500 $88,200 $188,300
2022 $12,087 $276,500 $88,200 $188,300
2021 $12,087 $276,500 $88,200 $188,300
2020 $11,966 $276,500 $88,200 $188,300
2019 $11,966 $276,500 $88,200 $188,300
2018 $11,966 $276,500 $88,200 $188,300
2017 $11,887 $276,500 $88,200 $188,300
2016 $6,791 $276,500 $88,200 $188,300
2015 $6,791 $276,500 $88,200 $188,300
2014 $6,249 $276,500 $88,200 $188,300
Source: Public Records

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Source: Bright MLS

MLS Number: PABK365272

Bright MLS

APN: 16-5316-06-48-8809