NOT LISTED FOR SALE

225 S 3rd Ave Reading, PA 19611

Estimated Value: $279,711 - $306,000

-- Bed
2 Baths
1,628 Sq Ft
$179/Sq Ft Est. Value

Last Sold February 09, 2024

Last sale price $250,000 $154 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,697/month

16 Days on Market

Highlights

  • Second Kitchen
  • Dual Staircase
  • Traditional Architecture
  • West Reading Elementary Center Rated A-
  • Traditional Floor Plan
  • Attic

About This Home

As of February 2024

Looking for a new investment property? Don't miss this great semi-detached two-unit directly across the street from 3rd and Spruce Drafthaus. There is off-street parking out back and the location couldn't be better! Both units are occupied and the tenants want to remain.

Last Agent to Sell the Property

Piera Moyer

(610) 413-0487 pmoyer@goberkscounty.com RE/MAX Of Reading License #RS334727 Listed on: 12/06/2023

RE/MAX Of Reading

Last Buyer's Agent

Chris Marrella

(609) 442-9946 chris.marrella@kw.com Keller Williams Platinum Realty - Wyomissing License #RS362685

Keller Williams Platinum Realty - Wyomissing

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,273

Year Built

  • Built in 1930

Lot Details

  • 2,178 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • Bathtub with Shower
  • 1,628 Sq Ft Home
  • Traditional Floor Plan
  • Dual Staircase
  • Carpet
  • Attic

Kitchen

  • Second Kitchen
  • Eat-In Kitchen

Finished Basement

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

Schools

  • Wyomissing Area Middle School
  • Wyomissing High School

Utilities

  • Cooling System Utilizes Natural Gas
  • Forced Air Heating System
  • 100 Amp Service
  • Electric Water Heater

Community Details

  • 2 Units
  • 4-Story Building

Listing and Financial Details

  • The owner pays for water, sewer, trash collection, heat
  • Tax Lot 2994
  • Assessor Parcel Number 93-5306-06-38-2994

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,273

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1930
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring Type: Carpet
  • Interior Amenities: 2nd Kitchen, Attic, Additional Stairway, Floor Plan - Traditional, Kitchen - Eat-In, Kitchen - Table Space, Tub Shower
  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Fully Finished, Full, Outside Entrance
  • Total Sq Ft: 1628
  • Living Area Sq Ft: 1628
  • Price Per Sq Ft: 168.92
  • Above Grade Finished Sq Ft: 1628
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 225

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Natural Gas
  • Electric Service: 100 Amp Service
  • 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

  • Association Recreation Fee: No

Schools

  • School District: WYOMISSING AREA
  • Middle School: WYOMISSING AREA
  • High School: WYOMISSING
  • Middle School Source: Listing Agent
  • School District Key: 300200397308
  • School District Source: Listing Agent
  • High School: WYOMISSING
  • Middle Or Junior School: WYOMISSING AREA

Lot Info

  • Land Use Code: 161
  • Lot Size Acres: 0.05
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Year Assessed: 2023
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Water, Sewer, Trash Collection, Heat
  • Rent Control: No
  • Total Actual Rent: 22800.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 2679.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 4273.00
  • Assessor Parcel Number: 93-5306-06-38-2994
  • Tax Lot: 2994
  • Tax Total Finished Sq Ft: 1628
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 02/09/2024

Multi Family

  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: WYOMISSING AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2023
Closed on
Feb 9, 2024
Sold by
Oakley Nicholas and Oakley Carolina
Bought by
Farias David Reyes
Seller's Agent
Piera Moyer
RE/MAX Of Reading
Buyer's Agent
Chris Marrella
Keller Williams Platinum Realty - Wyomissing
List Price
$275,000
Sold Price
$250,000
Premium/Discount to List
-$25,000
-9.09%
Views
79
Current Estimated Value
$291,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,428
Avg. Annual Appreciation
9.79%
Original Mortgage
$245,471
Outstanding Balance
$241,618
Interest Rate
6.62%
Mortgage Type
FHA
Estimated Equity
$49,763

Purchase Details

Listed on
Sep 1, 2021
Closed on
Oct 18, 2021
Sold by
Chew Douglas and Paaby Carolyn A
Bought by
Oakley Nicholas and Oakley Carolina
Seller's Agent
Jennifer King
RE/MAX Evolved
Buyer's Agent
Piera Moyer
RE/MAX Of Reading
List Price
$182,000
Sold Price
$188,000
Premium/Discount to List
$6,000
3.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.32%
Original Mortgage
$112,800
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2005
Sold by
Woodward Ann
Bought by
Chew Douglas and Paaby Carolyn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,150
Interest Rate
5.78%
Mortgage Type
Fannie Mae Freddie Mac
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 Buyer Sale Price Title Company
Farias David Reyes $250,000 None Listed On Document
Oakley Nicholas $188,000 Signature Abstract
Chew Douglas $113,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farias David Reyes $245,471
Previous Owner Oakley Nicholas $112,800
Previous Owner Chew Douglas $102,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2024 02/09/24 Sold $250,000 -9.1% $154 / Sq Ft
12/22/2023 12/22/23 Pending -- -- --
12/06/2023 12/06/23 For Sale $275,000 +46.3% $169 / Sq Ft
10/28/2021 10/28/21 Sold $188,000 0.0% $115 / Sq Ft
09/13/2021 09/13/21 Price Changed $188,000 +3.3% $115 / Sq Ft
09/08/2021 09/08/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $182,000 -- $112 / 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 $1,825 $80,700 $17,000 $63,700
2024 $4,460 $80,700 $17,000 $63,700
2023 $2,961 $80,700 $17,000 $63,700
2022 $4,140 $80,700 $17,000 $63,700
2021 $4,068 $80,700 $17,000 $63,700
2020 $3,950 $80,700 $17,000 $63,700
2019 $3,868 $80,700 $17,000 $63,700
2018 $3,758 $80,700 $17,000 $63,700
2017 $3,675 $80,700 $17,000 $63,700
2016 $1,184 $80,700 $17,000 $63,700
2015 $1,184 $80,700 $17,000 $63,700
2014 $1,145 $80,700 $17,000 $63,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK2036610

Bright MLS

APN: 93-5306-06-38-2994