NOT LISTED FOR SALE

18-5 Cranberry Ridge Unit 5 Reading, PA 19606

Lorane Neighborhood

Estimated Value: $245,000 - $257,000

3 Beds
2.5 Baths
1,496 Sq Ft
$168/Sq Ft Est. Value

Last Sold August 19, 2022

Last sale price $214,900 $144 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,628/month

8 Days on Market

Highlights

  • Traditional Architecture
  • Community Pool
  • En-Suite Primary Bedroom
  • Exeter Township Senior High School Rated A-
  • Living Room
  • Forced Air Heating and Cooling System

About This Home

As of August 2022

**We have received multiple offers and Seller has set a highest and best deadline for Wednesday, July 20th at 12pm. Seller has also expressed that they would prefer a quick settlement** You must see this great 3 bedroom, 2.5 bath, Exeter School District townhome in the desirable subdivision of Laurel Springs! The open concept layout has an updated eat-in kitchen with refinished cabinetry, new countertops, and an updated tile backsplash, which flows easily into the formal dining room and then large living/family room, both of which have new hardwood flooring. There are also double door sliders to a backyard deck. Upstairs there are 3 nicely sized bedrooms, including a master bedroom suite with its own bathroom and walk-in closet. Downstairs in the basement you will find the laundry and plenty of storage space! This development also includes lawn maintenance, snow removal, and trash pickup, as well as a community pool, new playground, and tennis courts; and it is conveniently located for commuting! So call today for your private showing, you will not be disappointed!

Last Listed By

Loretta Leibert

BHHS Homesale Realty- Reading Berks License #AB067626 Listed on: 07/15/2022

BHHS Homesale Realty- Reading Berks

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,398

Year Built

  • Built in 1996

Lot Details

  • 871 Sq Ft Lot

HOA Fees

  • $150 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Traditional Architecture
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 1,496 Sq Ft Home
  • Property has 2 Levels
  • Living Room
  • Dining Room
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 4019
  • Assessor Parcel Number 43-5325-06-38-4019

Community Details

Overview

  • $500 Capital Contribution Fee
  • Association fees include common area maintenance, lawn maintenance, snow removal, trash
  • Laurel Springs HOA
  • Laurel Springs Subdivision

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,398

Year Built

Built in 1996

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1996
  • Automatically Close On Close Date: No
  • Remarks Public: **We have received multiple offers and Seller has set a highest and best deadline for Wednesday, July 20th at 12pm. Seller has also expressed that they would prefer a quick settlement** You must see this great 3 bedroom, 2.5 bath, Exeter School District townhome in the desirable subdivision of Laurel Springs! The open concept layout has an updated eat-in kitchen with refinished cabinetry, new countertops, and an updated tile backsplash, which flows easily into the formal dining room and then large living/family room, both of which have new hardwood flooring. There are also double door sliders to a backyard deck. Upstairs there are 3 nicely sized bedrooms, including a master bedroom suite with its own bathroom and walk-in closet. Downstairs in the basement you will find the laundry and plenty of storage space! This development also includes lawn maintenance, snow removal, and trash pickup, as well as a community pool, new playground, and tennis courts; and it is conveniently located for commuting! So call today for your private showing, you will not be disappointed!
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Foundation Details: Other
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1496
  • Living Area Sq Ft: 1496
  • Price Per Sq Ft: 143.65
  • Above Grade Finished Sq Ft: 1496
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 18-5

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Aluminum Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 150.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Maintenance, Snow Removal, Trash
  • HOA Name: LAUREL SPRINGS HOA
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 500.00

Schools

  • School District: EXETER TOWNSHIP
  • School District Key: 300200397319
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 152
  • Lot Size Acres: 0.02
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 871.00
  • Year Assessed: 2022
  • Zoning: RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 2558.00
  • Tax Annual Amount: 3398.00
  • Assessor Parcel Number: 43-5325-06-38-4019
  • Tax Lot: 4019
  • Tax Total Finished Sq Ft: 1496
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 08/19/2022

MLS Schools

  • School District Name: EXETER TOWNSHIP

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2022
Closed on
Jul 27, 2022
Sold by
Sirva Relocation Credit Llc
Bought by
Riley Derek S and Riley Khin P
Seller's Agent
Loretta Leibert
BHHS Homesale Realty- Reading Berks
Buyer's Agent
George Smith
Manor West Realty
List Price
$189,900
Sold Price
$214,900
Premium/Discount to List
$25,000
13.16%
Total Days on Market
8
Current Estimated Value
$250,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,082
Avg. Annual Appreciation
5.83%
Original Mortgage
$204,155
Outstanding Balance
$196,486
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$54,496

Purchase Details

Listed on
Jul 15, 2022
Closed on
Jul 21, 2022
Sold by
Shari Iannelli
Bought by
Sirva Relocation Credit Llc
Seller's Agent
Loretta Leibert
BHHS Homesale Realty- Reading Berks
Buyer's Agent
George Smith
Manor West Realty
List Price
$189,900
Sold Price
$214,900
Premium/Discount to List
$25,000
13.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,155
Outstanding Balance
$196,486
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$54,496

Purchase Details

Closed on
Dec 5, 2008
Sold by
Pollock Joshua T and Pollock Krystal Lee
Bought by
Iannelli Shari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,155
Interest Rate
6.11%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 7, 2003
Sold by
Pollock Joshua T and Pollock Krystal Lee
Bought by
Pollock Joshua T and Pollock Krystal Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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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
Riley Derek S $214,900 Larrabee Cunningham & Mcgowan
Sirva Relocation Credit Llc $214,900 Larrabee Cunningham & Mcgowan
Iannelli Shari $137,900 First American Title Insuran
Pollock Joshua T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riley Derek S $204,155
Previous Owner Iannelli Shari $121,733
Previous Owner Iannelli Shari $137,155
Previous Owner Pollock Joshua T $77,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2022 08/19/22 Sold $214,900 0.0% $144 / Sq Ft
07/27/2022 07/27/22 Price Changed $214,900 0.0% $144 / Sq Ft
07/23/2022 07/23/22 Pending -- -- --
07/20/2022 07/20/22 Off Market $214,900 -- --
07/15/2022 07/15/22 For Sale $189,900 -- $127 / 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 $1,034 $74,800 $13,800 $61,000
2024 $3,552 $74,800 $13,800 $61,000
2023 $3,436 $74,800 $13,800 $61,000
2022 $3,398 $74,800 $13,800 $61,000
2021 $3,346 $74,800 $13,800 $61,000
2020 $3,309 $74,800 $13,800 $61,000
2019 $3,272 $74,800 $13,800 $61,000
2018 $3,263 $74,800 $13,800 $61,000
2017 $3,216 $74,800 $13,800 $61,000
2016 $785 $74,800 $13,800 $61,000
2015 $785 $74,800 $13,800 $61,000
2014 $757 $74,800 $13,800 $61,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK2018842

Bright MLS

APN: 43-5325-06-38-4019