NOT LISTED FOR SALE

221 Reading Ave Reading, PA 19607

Estimated Value: $201,000 - $233,000

-- Bed
2 Baths
1,168 Sq Ft
$186/Sq Ft Est. Value

Last Sold April 30, 2018

Last sale price $116,700 $100 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $1,312/month

11 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Detached Garage
  • Parking Storage or Cabinetry
  • No HOA
  • Mobility Improvements
  • En-Suite Primary Bedroom

About This Home

As of April 2018

Solid 2 unit investment opportunity in the heart of Shillington Boro. Well maintained property with (2) one bedroom apartments and a detached garage/storage space. The roof has been replaced in the past few years and there are replacement windows thruout. Economical gas heat keeps your expenses low while maximizing your returns. A coin op laundry in the basement is also in place and can be accessed by both tenants for additional income. Set up your showing today!

Last Listed By

Justin Crossley

Iron Valley Real Estate of Berks License #AB067575 Listed on: 03/26/2018

Iron Valley Real Estate of Berks

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 3,049 Sq Ft Lot
  • Property is in good condition

Parking

  • 1 Car Detached Garage
  • Parking Storage or Cabinetry
  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Brick Foundation
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,168 Sq Ft Home
  • Replacement Windows

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Accessible Home Design

  • Mobility Improvements

Schools

  • Governor Mifflin High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Gas
  • Hot Water Heating System
  • 100 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 5029
  • Assessor Parcel Number 77-4396-20-70-5029

Community Details

Building Details

  • Income includes laundry
  • Electric Expense $325
  • Insurance Expense $646
  • Operating Expense $6,805

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Accessibility Features: Mobility Improvements
  • Ownership: Fee Simple
  • Exclusions: All Tenant Personal Property.
  • New Construction: No
  • Storage: Basement, Garage
  • Year Built: 1958
  • Remarks Public: Solid 2 unit investment opportunity in the heart of Shillington Boro. Well maintained property with (2) one bedroom apartments and a detached garage/storage space. The roof has been replaced in the past few years and there are replacement windows thruout. Economical gas heat keeps your expenses low while maximizing your returns. A coin op laundry in the basement is also in place and can be accessed by both tenants for additional income. Set up your showing today!
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Vinyl
  • Window Features: Replacement
  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Laundry Type: Common
  • Total Sq Ft: 1168
  • Living Area Sq Ft: 1168
  • Price Per Sq Ft: 107.02
  • Above Grade Finished Sq Ft: 1168
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 221

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • Roof: Pitched, 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
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street, Detached Garage

Utilities

  • Annual Heating Expense: 1080.00
  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Electric Expense: 325.00
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1400.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: GOVERNOR MIFFLIN
  • High School: GOVERNOR MIFFLIN
  • School District Key: 300200397317
  • High School: GOVERNOR MIFFLIN

Lot Info

  • Improvement Assessed Value: 53600.00
  • Land Assessed Value: 25500.00
  • Land Use Code: 161
  • Lot Size Acres: 0.07
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3049.00
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 14760.00
  • Income Includes: Laundry
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1564958
  • Tax Annual Amount: 3354.00
  • Assessor Parcel Number: 77-4396-20-70-5029
  • Tax Lot: 5029
  • Tax Year: 2018
  • Close Date: 04/30/2018

MLS Schools

  • School District Name: GOVERNOR MIFFLIN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2002
Sold by
Spengler Ryck D and Spengler Karyn L
Bought by
Franco Benedetto
Total Days on Market
11
Current Estimated Value
$217,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,265
Interest Rate
7.14%
Mortgage Type
FHA

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
Franco Benedetto $80,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccartney Michele $145,315
Closed Mccartney Michele $138,888
Closed Franco Benedetto $80,000
Closed Franco Benedetto $25,000
Closed Franco Benedetto $80,265
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2018 04/30/18 Sold $116,700 -6.6% $100 / Sq Ft
04/06/2018 04/06/18 Pending -- -- --
03/26/2018 03/26/18 For Sale $125,000 -- $107 / 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 $1,278 $79,100 $25,500 $53,600
2024 $3,606 $79,100 $25,500 $53,600
2023 $3,512 $79,100 $25,500 $53,600
2022 $3,472 $79,100 $25,500 $53,600
2021 $3,433 $79,100 $25,500 $53,600
2020 $3,433 $79,100 $25,500 $53,600
2019 $3,393 $79,100 $25,500 $53,600
2018 $3,354 $79,100 $25,500 $53,600
2017 $3,292 $79,100 $25,500 $53,600
2016 $1,125 $79,100 $25,500 $53,600
2015 $1,125 $79,100 $25,500 $53,600
2014 $1,028 $79,100 $25,500 $53,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000306710

Bright MLS

APN: 77-4396-20-70-5029