Seller's Agent in 2021
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
23 in this area
215 Total Sales
19 Reading Ave Reading, PA 19610
Estimated Value: $302,000 - $364,000
Studio
3
Baths
2,128
Sq Ft
$156/Sq Ft
Est. Value
Highlights
- Deck
- Wood Flooring
- Porch
- West Reading Elementary Center Rated A-
- Victorian Architecture
- Double Pane Windows
About This Home
As of December 2021Wyomissing Borough very large Victorian semi-detached brick 3 unit fully rented and in overall good condition. Some longterm tenants. Paved off-street parking for 3 cars. Oil S/W winter heat and hot water paid for by the owner. tenants pay for their electric. Owner pays for W/S/T/R. Covered front porch and rear 2nd level deck. Laundry hookup in basement. Attached storage in the rear of the building. 200 AMP electric with 4 - 100 AMP breaker panels. Unit 1 - 1st floor has 4 rooms, 2 private BRS, liv, kit, bath, electric cooking, tenant pays electric, $895 a month by a 20 plus year tenant. Unit 2 - 2nd floor has 4 rooms, 2 private BRS, liv, kit, bath, electric cooking, rear deck, parking space, rented for $975 a month by a 1 year tenant on a M/M basis. Unit 3 - 3rd floor is an efficiency, 2 rooms, electric cooking, electric baseboard in the bathroom, rented for $675 a month by a 8 month tenant on a one year lease. Annual income: $30,540. Total expenses: $8,000. NOI: $22,540. Cap rate: 8%. Expenses breakdown: Taxes: $3451. Insurance: $628. Oil: $1470. Owner's Electric: $413. W/S/T/R: $1938. Excellent investment opportunity in the very popular Wyomissing School District and just a short walk to West Reading Strip with restaurants, shopping and offering a multitude of events and activities and near major roads, schools and the hospital. A must for your investment portfolio. Being sold AS IS!
Last Agent to Sell the Property
(610) 207-8066 jcandelaria@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 11/03/2021
Last Buyer's Agent
(610) 207-8066 jcandelaria@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 11/03/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,451
Year Built
- Built in 1925
Lot Details
- 3,049 Sq Ft Lot
- Property is in good condition
Home Design
- Triplex
- Victorian Architecture
- Brick Exterior Construction
- Pitched Roof
- Rubber Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,128 Sq Ft Home
- Ceiling Fan
- Double Pane Windows
- Replacement Windows
- Electric Oven or Range
Flooring
- Wood
- Wall to Wall Carpet
- Tile or Brick
- Vinyl
Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 3 Parking Spaces
- 3 Off-Street Spaces
Accessible Home Design
- More Than Two Accessible Exits
Outdoor Features
- Deck
- Patio
- Exterior Lighting
- Porch
Schools
- Wyomissing Area Junior-Senior High School
Utilities
- Window Unit Cooling System
- Radiator
- Heating System Uses Oil
- Above Ground Utilities
- 200+ Amp Service
- Summer or Winter Changeover Switch For Hot Water
- Oil Water Heater
- Municipal Trash
Listing and Financial Details
- The owner pays for heat, insurance, lawn/shrub care, repairs, sewer, sewer maintenance, snow removal, real estate taxes, trash collection, water
- Tax Lot 3256
- Assessor Parcel Number 96-4397-20-90-3256
Community Details
Overview
- 3 Units
- 4-Story Building
Building Details
- Income includes apartment rentals
- Insurance Expense $628
- Other Expense $7,272
- Operating Expense $8,000
- Net Operating Income $22,540
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 3, 2021
Closed on
Jan 11, 2022
Sold by
Hoffman Jarad M
Bought by
Jpf Property Group Llc
Seller's Agent
Jose Candelaria
RE/MAX Of Reading
Buyer's Agent
Jose Candelaria
RE/MAX Of Reading
List Price
$280,000
Sold Price
$258,000
Premium/Discount to List
-$22,000
-7.86%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,318
Avg. Annual Appreciation
6.34%
Purchase Details
Listed on
Apr 28, 2016
Closed on
Nov 23, 2016
Sold by
Troutman Jeffrey J and Troutman Dawn L
Bought by
Hoffman Jarad M
Seller's Agent
Anthony Borelli
Century 21 Gold
Buyer's Agent
Jose Candelaria
RE/MAX Of Reading
List Price
$194,900
Sold Price
$180,000
Premium/Discount to List
-$14,900
-7.64%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.31%
Original Mortgage
$135,000
Interest Rate
3.52%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 25, 2003
Sold by
Troutman Jeffrey J and Troutman John
Bought by
Troutman Jeffrey J and Troutman Dawn L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
5.86%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jpf Property Group Llc | $258,000 | None Listed On Document | |
| Hoffman Jarad M | $180,000 | Signature Abstract | |
| Troutman Jeffrey J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hoffman Jarad M | $135,000 | |
| Previous Owner | Troutman Jeffrey J | $99,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/28/2021 12/28/21 | Sold | $258,000 | -7.9% | $121 / Sq Ft | |
| 11/03/2021 11/03/21 | For Sale | $280,000 | +55.6% | $132 / Sq Ft | |
| 11/02/2021 11/02/21 | Pending | -- | -- | -- | |
| 11/23/2016 11/23/16 | Sold | $180,000 | -7.6% | $85 / Sq Ft | View Prior Sale |
| 10/09/2016 10/09/16 | Pending | -- | -- | -- | |
| 04/28/2016 04/28/16 | For Sale | $194,900 | -- | $92 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,132 | $77,200 | $18,800 | $58,400 |
| 2024 | $3,672 | $77,200 | $18,800 | $58,400 |
| 2023 | $3,437 | $77,200 | $18,800 | $58,400 |
| 2022 | $3,451 | $77,200 | $18,800 | $58,400 |
| 2021 | $3,402 | $77,200 | $18,800 | $58,400 |
| 2020 | $3,346 | $77,200 | $18,800 | $58,400 |
| 2019 | $12,659 | $77,200 | $18,800 | $58,400 |
| 2018 | $3,213 | $77,200 | $18,800 | $58,400 |
| 2017 | $3,191 | $77,200 | $18,800 | $58,400 |
| 2016 | $853 | $77,200 | $18,800 | $58,400 |
| 2015 | $853 | $77,200 | $18,800 | $58,400 |
| 2014 | $853 | $77,200 | $18,800 | $58,400 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Candelaria
-
Anthony Borelli
Seller's Agent in 2016
Anthony Borelli
Century 21 Gold
(610) 507-3520
24 in this area
272 Total Sales
Map
Source: Bright MLS
MLS Number: PABK2006400
APN: 96-4397-20-90-3256
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