NOT LISTED FOR SALE

2035 Penn Ave Reading, PA 19609

Estimated Value: $268,000 - $333,000

-- Bed
3 Baths
2,230 Sq Ft
$135/Sq Ft Est. Value

Last Sold March 24, 2021

Last sale price $225,000 $101 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,815/month

7 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Forced Air Heating System
  • Wilson High School Rated A-
  • Porch
  • Replacement Windows

About This Home

As of March 2021

Investors Take Note! Be sure to check out this great Wilson School District 3 unit in Spring Township. Both the 1st and 2nd floor units are spacious and have very nice updated kitchens and baths. The 3rd floor unit also shows well. Economical gas heat and hot water keep utility bills to a minimum. The electric has been updated to 200 amp and the 2nd & 3rd floor apartments have their own breaker box. There is off street parking to the rear for the convenience of the tenants. All leases, for long term tenants, are now month to month. The units are easy to rent and the convenient location provides easy access to major highways, shopping, and local restaurants. This is one you want to add to your portfolio! Call today for more details and to schedule your private showing. 48 hour notice required.

Last Agent to Sell the Property

John Tomaszewski

RE/MAX Of Reading License #RS142081A Listed on: 02/03/2021

RE/MAX Of Reading

Last Buyer's Agent

Joseph Nunez

Pagoda Realty

Pagoda Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,725

Year Built

  • Built in 1910

Lot Details

  • 4,356 Sq Ft Lot
  • Level Lot
  • Back and Front Yard
  • Property is in good condition

Home Design

  • Triplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,230 Sq Ft Home
  • Replacement Windows
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Dishwasher

Laundry

  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Escape

Parking

  • 2 Parking Spaces
  • 2 Off-Street Spaces
  • On-Street Parking

Outdoor Features

  • Exterior Lighting
  • Porch

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • The owner pays for gas, insurance, sewer, real estate taxes, trash collection, water
  • Tax Lot 8112
  • Assessor Parcel Number 80-4396-09-07-8112

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes apartment rentals
  • Net Operating Income $14,415

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,725

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • Inclusions: 3 Stoves, 3 Refrigerators, Washer, Dryer, 1st Floor Dishwasher
  • New Construction: No
  • Year Built: 1910
  • Automatically Close On Close Date: No
  • Remarks Public: Investors Take Note! Be sure to check out this great Wilson School District 3 unit in Spring Township. Both the 1st and 2nd floor units are spacious and have very nice updated kitchens and baths. The 3rd floor unit also shows well. Economical gas heat and hot water keep utility bills to a minimum. The electric has been updated to 200 amp and the 2nd & 3rd floor apartments have their own breaker box. There is off street parking to the rear for the convenience of the tenants. All leases, for long term tenants, are now month to month. The units are easy to rent and the convenient location provides easy access to major highways, shopping, and local restaurants. This is one you want to add to your portfolio! Call today for more details and to schedule your private showing. 48 hour notice required.
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Stove, Washer
  • Window Features: Replacement
  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2230
  • Living Area Sq Ft: 2230
  • Price Per Sq Ft: 103.09
  • Above Grade Finished Sq Ft: 2230
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2035

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Exterior Lighting, Fire Escape, Sidewalks, Street Lights
  • Road Surface Type: Concrete, Us Highway/Interstate
  • Roof: Shingle
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, On Street
  • Off Street Parking Spaces: 2

Utilities

  • Central Air Conditioning: No
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Phone Connected, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: WILSON
  • School District Key: 300200397305
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 70100.00
  • Land Assessed Value: 27000.00
  • Land Use Code: 121D
  • Lot Features: Front Yard, Level, Rear Yard
  • Lot Size Acres: 0.10
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4356.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Good
  • Year Assessed: 2021
  • Zoning: PMU-PENN AVE MIXED-USE

Rental Info

  • Existing Lease Type: Month To Month
  • Owner Pays: Gas, Insurance, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Total Actual Rent: 23340.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1586362
  • School Tax: 2550.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 3725.00
  • Assessor Parcel Number: 80-4396-09-07-8112
  • Tax Lot: 8112
  • Tax Page Number: 19
  • Tax Total Finished Sq Ft: 2230
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 03/24/2021

Multi Family

  • Gross Income: 23340.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: WILSON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2021
Closed on
Mar 17, 2021
Sold by
Farina David and Wagner Sharon
Bought by
Kaur Rajwinder
Seller's Agent
John Tomaszewski
RE/MAX Of Reading
Buyer's Agent
Joseph Nunez
Pagoda Realty
List Price
$229,900
Sold Price
$225,000
Premium/Discount to List
-$4,900
-2.13%
Current Estimated Value
$301,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,702
Avg. Annual Appreciation
6.85%
Original Mortgage
$220,924
Outstanding Balance
$199,263
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$102,439

Purchase Details

Closed on
Jun 25, 2010
Sold by
Pisanick Joseph
Bought by
Farina David and Wagner Sharon
Source: Public Records

Range of Values:

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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
Kaur Rajwinder $225,000 None Available
Farina David $122,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kaur Rajwinder $220,924
Previous Owner Farina David $138,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2021 03/24/21 Sold $225,000 -2.1% $101 / Sq Ft
02/10/2021 02/10/21 Pending -- -- --
02/03/2021 02/03/21 For Sale $229,900 -- $103 / 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 $2,082 $97,100 $27,000 $70,100
2024 $4,154 $97,100 $27,000 $70,100
2023 $3,958 $97,100 $27,000 $70,100
2022 $3,861 $97,100 $27,000 $70,100
2021 $3,725 $97,100 $27,000 $70,100
2020 $3,725 $97,100 $27,000 $70,100
2019 $3,620 $97,100 $27,000 $70,100
2018 $3,589 $97,100 $27,000 $70,100
2017 $3,528 $97,100 $27,000 $70,100
2016 $1,356 $97,100 $27,000 $70,100
2015 $1,356 $97,100 $27,000 $70,100
2014 $1,356 $97,100 $27,000 $70,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK373192

Bright MLS

APN: 80-4396-09-07-8112