NOT LISTED FOR SALE

2550 Kutztown Rd Reading, PA 19605

Hyde Park-Muhlenberg Neighborhood

Estimated Value: $333,000 - $371,069

-- Bed
-- Bath
3,500 Sq Ft
$101/Sq Ft Est. Value

Last Sold October 31, 2017

Last sale price $210,000 $60 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $2,048/month

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Laundry Facilities
  • Summer or Winter Changeover Switch For Hot Water
  • Hot Water Heating System
  • Vinyl Flooring

About This Home

As of October 2017

Suburban 7 unit with off street parking, coin operated laundry in basement. The main roof is a rubber roof. Code approved.

Last Agent to Sell the Property

E DIANNE REED

dreed2732@aol.com E Dianne Reed Associates License #RB-025103-A Listed on: 08/28/2017

Last Buyer's Agent

Anthony Borelli

(610) 507-3520 anthonyborelli@comcast.net Century 21 Gold License #RS227951L

Century 21 Gold

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 3,485 Sq Ft Lot
  • Property is in good condition

Home Design

  • Flat Roof Shape
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,500 Sq Ft Home
  • Vinyl Flooring
  • Basement Fills Entire Space Under The House

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • On-Street Parking

Schools

  • Muhlenberg Elementary Center
  • Muhlenberg Middle School
  • Muhlenberg High School

Utilities

  • Heating System Uses Oil
  • Hot Water Heating System
  • 100 Amp Service
  • Summer or Winter Changeover Switch For Hot Water

Listing and Financial Details

  • Tax Lot 9375
  • Assessor Parcel Number 66-5308-16-94-9375

Community Details

Overview

  • No Home Owners Association
  • Reading Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Electric Expense $1,986
  • Insurance Expense $3,857
  • Maintenance Expense $2,125
  • Other Expense $1,820
  • Operating Expense $26,672

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 1820.00
  • Storage: Basement
  • Year Built: 1930
  • Remarks Public: Suburban 7 unit with off street parking, coin operated laundry in basement. The main roof is a rubber roof. Code approved.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Vinyl
  • Fireplace: No
  • Entry Location: Private
  • Foundation Details: Concrete Perimeter
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Common
  • Total Sq Ft: 3500
  • Living Area Sq Ft: 3500
  • Price Per Sq Ft: 72.83
  • Above Grade Finished Sq Ft: 3500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2550

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 4
  • Parking Features: Street
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: On Street

Utilities

  • Annual Heating Expense: 4754.00
  • Central Air Conditioning: No
  • Electric Expense: 1986.00
  • Electric Service: 100 Amp Service
  • Heating Fuel: Oil
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: S/W Changeover
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 5886.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: MUHLENBERG
  • Elementary School: MUHLENBERG ELEMENTARY CENTER
  • Middle School: MUHLENBERG
  • High School: MUHLENBERG
  • School District Key: 300200397508
  • Elementary School: MUHLENBERG ELEMENTARY CENTER
  • High School: MUHLENBERG
  • Middle Or Junior School: MUHLENBERG

Lot Info

  • Improvement Assessed Value: 100900.00
  • Land Assessed Value: 49800.00
  • Land Use Code: 4124
  • Lot Size Acres: 0.08
  • Lot Dimensions: 43' X 140' IRREG.
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3485.00
  • Property Condition: Good
  • Zoning: C-1

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 50220.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7

Tax Info

  • Assessor Parcel Number: 1544209
  • Tax Annual Amount: 6244.00
  • Assessor Parcel Number: 66-5308-16-94-9375
  • Tax Lot: 9375
  • Tax Year: 2017
  • Close Date: 10/31/2017

MLS Schools

  • School District Name: MUHLENBERG

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2017
Closed on
Nov 8, 2017
Sold by
Sanco Holdings Lp
Bought by
Barak Rakesh and Barak Shalini
Seller's Agent
E DIANNE REED
E Dianne Reed Associates
Buyer's Agent
Anthony Borelli
Century 21 Gold
List Price
$254,900
Sold Price
$210,000
Premium/Discount to List
-$44,900
-17.61%
Current Estimated Value
$352,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,035
Avg. Annual Appreciation
6.48%

Purchase Details

Closed on
Jul 1, 2005
Sold by
Klinikowski Richard G
Bought by
Sanco Holdings Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
5.54%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Barak Rakesh $210,000 --
Sanco Holdings Lp $155,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sanco Holdings Lp $124,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2017 10/31/17 Sold $210,000 -17.6% $60 / Sq Ft
10/14/2017 10/14/17 Pending -- -- --
08/28/2017 08/28/17 For Sale $254,900 -- $73 / 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 $2,262 $150,700 $49,800 $100,900
2024 $7,255 $150,700 $49,800 $100,900
2023 $6,810 $150,700 $49,800 $100,900
2022 $6,697 $150,700 $49,800 $100,900
2021 $6,538 $150,700 $49,800 $100,900
2020 $6,538 $150,700 $49,800 $100,900
2019 $6,400 $150,700 $49,800 $100,900
2018 $6,287 $150,700 $49,800 $100,900
2017 $6,168 $150,700 $49,800 $100,900
2016 $1,827 $150,700 $49,800 $100,900
2015 $1,827 $150,700 $49,800 $100,900
2014 $1,827 $150,700 $49,800 $100,900
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2017

    E DIANNE REED

    E Dianne Reed Associates

    1 in this area

    16 Total Sales

    E DIANNE REED
    Section Image
  • Anthony Borelli

    Buyer's Agent in 2017

    Anthony Borelli

    Century 21 Gold

    (610) 507-3520

    5 in this area

    282 Total Sales

    Anthony Borelli
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000258961

Bright MLS

APN: 66-5308-16-94-9375

Pennsylvania Berks County Reading 19605 Hyde Park-Muhlenberg

2550 Kutztown Rd, Reading, PA

This home is located at 2550 Kutztown Rd, Reading, PA 19605 since 28 August 2017 and is currently estimated at $352,035, approximately $100 per square foot. This property was built in 1930. 2550 Kutztown Rd is a home located in Berks County with nearby schools including Muhlenberg Elementary Center, C E Cole Intermediate School, and Muhlenberg Junior High School.

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