$86,500
SOLD AUG 21, 2015
-- Bed
-- Bath
2,189 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$40 Per Sq Ft

6% Below List Price

300 Days on Market

Highlights

  • 0.1 Acre Lot
  • 1 Car Attached Garage
  • Baseboard Heating
  • No HOA
  • En-Suite Primary Bedroom
  • Vinyl Flooring

About This Home

As of August 2015

5 unit apartment building near Historic District. Fully occupied, good cash flow. Newer roof, replacement windows, fenced yard, overall good condition. Each tenant pays their own electric, heat, and hot water. Good investment.

Last Agent to Sell the Property

Ed Hong

Keller Williams Platinum Realty - Wyomissing Listed on: 08/28/2014

Keller Williams Platinum Realty - Wyomissing

Last Buyer's Agent

Ryan Gehris

USRealty.com LLP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,104

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Property is in good condition

Parking

  • 1 Car Attached Garage
  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof

Schools

  • Reading Senior High School

Utilities

  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Natural Gas Water Heater

Additional Features

  • Vinyl Flooring
  • En-Suite Primary Bedroom
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Tax Lot 3031
  • Assessor Parcel Number 14-5307-58-64-3031

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $400
  • Insurance Expense $1,200
  • Maintenance Expense $500
  • Other Expense $700
  • Operating Expense $8,504

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,104

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 700.00
  • Year Built: 1900
  • Remarks Public: 5 unit apartment building near Historic District. Fully occupied, good cash flow. Newer roof, replacement windows, fenced yard, overall good condition. Each tenant pays their own electric, heat, and hot water. Good investment.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Vinyl
  • Fireplace: No
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Street Number Modifier: 208

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Roof: 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
  • Parking Features: Street
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street, Attached Garage

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 400.00
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Gas, Electric, Hot Water, Baseboard
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 3600.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: READING
  • High School: READING SENIOR
  • School District Key: 300200397169
  • High School: READING SENIOR

Lot Info

  • Improvement Assessed Value: 36000.00
  • Land Assessed Value: 16000.00
  • Land Use Code: 4200
  • Lot Size Acres: 0.10
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4356.00
  • Property Condition: Good

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 29400.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
  • Single Room Units Count: 1

Tax Info

  • Assessor Parcel Number: 1454389
  • Tax Annual Amount: 2104.00
  • Assessor Parcel Number: 14-5307-58-64-3031
  • Tax Lot: 3031
  • Tax Year: 2015
  • Close Date: 08/21/2015

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2014
Closed on
Oct 10, 2014
Sold by
Oliveras Davila Jonathan
Bought by
Darius Socrates
Seller's Agent
Carlos Aponte
eRealty Advisors, Inc
Buyer's Agent
Carlos Aponte
eRealty Advisors, Inc
List Price
$74,900
Sold Price
$74,900
Current Estimated Value
$194,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,795
Avg. Annual Appreciation
9.41%
Original Mortgage
$73,542
Outstanding Balance
$57,784
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$140,204

Purchase Details

Closed on
Mar 11, 2005
Sold by
Our City Reading Inc
Bought by
Oliveras Davila Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
5.92%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 22, 2004
Sold by
Chase Manhattan Mortgage Corp
Bought by
Hud

Purchase Details

Closed on
Jan 14, 2004
Sold by
Valentin Ramona
Bought by
Chase Manhattan Mortgage Corp

Purchase Details

Closed on
Aug 23, 2002
Sold by
Tlc Real Estate Solutions Inc
Bought by
Medina Evelyn and Valentin Ramona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,091
Interest Rate
6.39%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 17, 2001
Sold by
Stout Ruth E and Chmelewski Cynthia A
Bought by
Tlc Real Estate Solutions Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
6.86%
Source: Public Records

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 Type Sale Price Title Company
Deed $74,900 None Available
Deed $54,000 Chicago Title Insurance Comp
Corporate Deed -- --
Sheriffs Deed $17,000 --
Deed $45,000 --
Deed $10,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $73,542 FHA
Previous Owner $2,545 Stand Alone Second
Previous Owner $54,000 Fannie Mae Freddie Mac
Previous Owner $45,091 FHA
Previous Owner $20,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2015 08/21/15 Sold $86,500 +15.5% $40 / Sq Ft
06/24/2015 06/24/15 Pending -- -- --
10/10/2014 10/10/14 Sold $74,900 -18.6% $34 / Sq Ft
08/28/2014 08/28/14 For Sale $92,000 +22.8% $42 / Sq Ft
08/13/2014 08/13/14 Pending -- -- --
08/13/2014 08/13/14 Price Changed $74,900 +7.2% $34 / Sq Ft
08/05/2014 08/05/14 Price Changed $69,900 -6.7% $32 / Sq Ft
07/16/2014 07/16/14 For Sale $74,900 0.0% $34 / Sq Ft
06/30/2014 06/30/14 Pending -- -- --
05/05/2014 05/05/14 For Sale $74,900 -- $34 / 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 $1,373 $50,600 $10,200 $40,400
2024 $2,247 $50,600 $10,200 $40,400
2023 $2,212 $50,600 $10,200 $40,400
2022 $2,212 $50,600 $10,200 $40,400
2021 $2,212 $50,600 $10,200 $40,400
2020 $2,190 $50,600 $10,200 $40,400
2019 $2,190 $50,600 $10,200 $40,400
2018 $2,190 $50,600 $10,200 $40,400
2017 $2,175 $50,600 $10,200 $40,400
2016 $907 $50,600 $10,200 $40,400
2015 $1,243 $50,600 $10,200 $40,400
2014 $1,144 $50,600 $10,200 $40,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003063380

Bright MLS

APN: 15-5307-56-44-8090