Jerry Buffa
Coldwell Banker Realty
(484) 878-3654
151 Total Sales
3 in Hyde Park-Muhlenberg
$189K - $230K Price Range
2514 Kutztown Rd Reading, PA 19605
Hyde Park-Muhlenberg Neighborhood
Studio
4
Baths
1,894
Sq Ft
0.28
Acre Lot
Highlights
- 0.28 Acre Lot
- Balcony
- Double Pane Windows
- Victorian Architecture
- Porch
- Patio
About This Home
As of December 2021Muhlenberg Schools detached Victorian 4 unit in overall good condition but in need of some work. The building is fully occupied with longterm tenants. The owner pays for gas heat, gas hot water, water, sewer, trash & recycling. There is off street parking for about 6 cars. Mechanicals include a new gas boiler, gas water heater, 200 AMP electric main with 5-100 AMP breaker panels for each unit and owners meter. Unit 1 - 1st fl front has 3 rooms, 1 BR, living room, kitchen, bath, electric cooking, 9 year tenant paying $600/month on a m/m basis. Unit 2 - 1st fl rear is an efficiency unit, 2 rooms, BR/living room, bath, electric cooking, 3 month tenant paying $600/month on a 1 year lease. Unit 3 - 2nd fl front has 3 rooms, 1 BR, living room, kitchen, bath, electric cooking, attic access, 11 year tenant paying $600/month on a m/m basis. Unit 4 - 2nd fl rear is an efficiency unit, 2 rooms, BR/living room, bath, electric cooking, large covered balcony, 4 year tenant paying $525/month on a m/m basis. Total income: 28,200. total expenses: 11,066. NOI: 17,134. Cap Rate: 8%. Expenses breakdown: Ins: 582. W/S: 3,356. Trash: 1,120. Gas Heat & Hot Water: 1,546. Owner's Electric: 306. Taxes: 4,056. Permits: 100. Excellent potential to own a solid suburban 4 detached 4 unit with sweat equity! Being sold AS IS!
Last Agent to Sell the Property
(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 10/11/2021
Last Buyer's Agent
(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 10/11/2021
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,056
Year Built
- Built in 1930
Lot Details
- 12,196 Sq Ft Lot
- Property is in good condition
Home Design
- Quadruplex
- Victorian Architecture
- Brick Exterior Construction
- Stone Foundation
- Architectural Shingle Roof
Interior Spaces
- 1,894 Sq Ft Home
- Double Pane Windows
- Replacement Windows
- Unfinished Basement
- Interior and Exterior Basement Entry
Kitchen
- Electric Oven or Range
- Extra Refrigerator or Freezer
Flooring
- Carpet
- Vinyl
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 6 Parking Spaces
- 6 Off-Street Spaces
- Gravel Driveway
Accessible Home Design
- More Than Two Accessible Exits
Outdoor Features
- Balcony
- Patio
- Exterior Lighting
- Porch
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
- Hot Water Heating System
- Above Ground Utilities
- 200+ Amp Service
- Natural Gas Water Heater
- Municipal Trash
- Satellite Dish
Listing and Financial Details
- The owner pays for gas, heat, insurance, lawn/shrub care, repairs, sewer, sewer maintenance, snow removal, real estate taxes, trash collection, water
- Tax Lot 8026
- Assessor Parcel Number 66-5308-16-94-8026
Community Details
Overview
- 4 Units
- 4-Story Building
Building Details
- Income includes apartment rentals
- Insurance Expense $582
- Other Expense $9,264
- Trash Expense $1,120
- Operating Expense $11,066
- Net Operating Income $17,134
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 11, 2021
Closed on
Dec 3, 2021
Sold by
Bought by
Seller's Agent
Jose Candelaria
RE/MAX Of Reading
Buyer's Agent
Jose Candelaria
RE/MAX Of Reading
List Price
$245,000
Sold Price
$230,000
Premium/Discount to List
-$15,000
-6.12%
Purchase Details
Closed on
Mar 5, 2015
Sold by
Bought by
Purchase Details
Closed on
Oct 14, 2013
Sold by
Bought by
Purchase Details
Closed on
Dec 8, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,400
Interest Rate
6.15%
Mortgage Type
New Conventional
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Hyde Park-Muhlenberg, PA
-
Jerry Buffa
-
Erica Fair
Erica Fair
Iron Valley Real Estate of Berks
(484) 388-4814
158 Total Sales
2 in Hyde Park-Muhlenberg
$186K - $240K Price Range
-
Anthony Borelli
Anthony Borelli
Century 21 Gold
(484) 755-3767
269 Total Sales
3 in Hyde Park-Muhlenberg
$175K - $265K Price Range
-
James Gonzalez
James Gonzalez
American Homes Realty Group
(484) 878-3550
15 Total Sales
1 in Hyde Park-Muhlenberg
$225,000 Price
-
Adrian Young
Adrian Young
Responds QuicklyKeller Williams Keystone Realty
(223) 217-8660
235 Total Sales
1 in Hyde Park-Muhlenberg
$265,000 Price
-
Nancy Downs
Nancy Downs
RE/MAX Evolved
(610) 890-5797
48 Total Sales
1 in Hyde Park-Muhlenberg
$145,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $230,000 | Signature Abstract | ||
| -- | None Available | ||
| -- | None Available | ||
| $133,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $106,400 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/03/2021 12/03/21 | Sold | $230,000 | -6.1% | $121 / Sq Ft |
| 10/11/2021 10/11/21 | For Sale | $245,000 | -- | $129 / Sq Ft |
| 10/10/2021 10/10/21 | Pending | -- | -- | -- |
Source: Bright MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $1,380 | $91,900 | $40,600 | $51,300 |
| 2025 | $1,380 | $91,900 | $40,600 | $51,300 |
| 2024 | $4,424 | $91,900 | $40,600 | $51,300 |
| 2023 | $4,153 | $91,900 | $40,600 | $51,300 |
| 2022 | $4,084 | $91,900 | $40,600 | $51,300 |
| 2021 | $3,987 | $91,900 | $40,600 | $51,300 |
| 2020 | $3,987 | $91,900 | $40,600 | $51,300 |
| 2019 | $3,903 | $91,900 | $40,600 | $51,300 |
| 2018 | $3,834 | $91,900 | $40,600 | $51,300 |
| 2017 | $3,762 | $91,900 | $40,600 | $51,300 |
| 2016 | $1,114 | $91,900 | $40,600 | $51,300 |
| 2015 | $1,114 | $91,900 | $40,600 | $51,300 |
| 2014 | $1,114 | $91,900 | $40,600 | $51,300 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Candelaria
Seller's Agent in 2021
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
5 in this area
200 Total Sales
Map
Source: Bright MLS
MLS Number: PABK2000337
APN: 5308-16-94-8026
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