Seller's Agent in 2024
Dave Decembrino
RE/MAX of Reading
(610) 656-9427
11 in this area
197 Total Sales
2600 Prospect St Reading, PA 19606
Estimated Value: $578,331 - $608,000
--
Bed
4
Baths
3,800
Sq Ft
$157/Sq Ft
Est. Value
Highlights
- 0.39 Acre Lot
- Park or Greenbelt View
- Enclosed Patio or Porch
- Wood Flooring
- Multiple Balconies
- 4 Car Attached Garage
About This Home
As of June 2024Absolutely immaculate and impeccably maintained & updated suburban 4 unit, residential multi family building, perfect for the savvy investor or owner occupant who may want their monthly mortgage payment covered by the three other tenants in the building, as well as four attached rental garages, and a coin operated laundry on site. All apartments are two bedroom and one full bath, with spacious living rooms, dining rooms, kitchens, and some form of covered porch/sun room with each unit. All apartment appliances remain. The natural gas heater and water heating system was installed in 2013 and is a 95% efficiency unit with service contract. Windows replaced between 2012 and 2014, additional insulation was added to the attic bringing it to an R30 value, main roof and gutters were replaced in 2015, the front rubber roof was replaced in 2023, coin operated washer was replaced in 2021 and the entire exterior of the building was painted in 2015. One look at this property and you will see that the current owners cared about their investment as well as the tenants, who have lived there for decades. Rents are slightly under current market, as are the garages, and can easily be raised. This may be the nicest multi unit property you will ever see, and now is your opportunity to make it yours!
Last Agent to Sell the Property
RE/MAX Of Reading License #RS223349L Listed on: 05/16/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,218
Year Built
- Built in 1955
Lot Details
- 0.39 Acre Lot
- Property is in very good condition
Parking
- 4 Car Attached Garage
- 4 Open Parking Spaces
- Basement Garage
- Rear-Facing Garage
- Driveway
- Parking Lot
Home Design
- Quadruplex
- Brick Foundation
- Plaster Walls
- Pitched Roof
- Shingle Roof
- Stucco
Interior Spaces
- 3,800 Sq Ft Home
- Replacement Windows
- Park or Greenbelt Views
- Gas Oven or Range
Flooring
- Wood
- Carpet
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Outdoor Features
- Multiple Balconies
- Enclosed Patio or Porch
Location
- Suburban Location
Schools
- Antietam Middle Senior High School
Utilities
- Window Unit Cooling System
- Hot Water Heating System
- 200+ Amp Service
- Natural Gas Water Heater
- Cable TV Available
Listing and Financial Details
- The owner pays for all utilities, common area maintenance, electricity, gas, heat, heater maintenance contract, insurance, repairs, sewer, sewer maintenance, real estate taxes, trash collection, water
- Tax Lot 8916
- Assessor Parcel Number 23-5326-05-09-8916
Community Details
Overview
- 4 Units
- 2-Story Building
Building Details
- Income includes apartment rentals, parking
- Insurance Expense $2,822
- Operating Expense $18,436
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 16, 2024
Closed on
Jun 24, 2024
Sold by
Wanser James and Wanser Jana
Bought by
Prospect Property Holding Llc
Seller's Agent
Dave Decembrino
RE/MAX Of Reading
Buyer's Agent
Heather Cassel
Keller Williams Platinum Realty - Wyomissing
List Price
$599,900
Sold Price
$566,000
Premium/Discount to List
-$33,900
-5.65%
Views
45
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,833
Avg. Annual Appreciation
1.98%
Original Mortgage
$424,500
Outstanding Balance
$421,257
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$157,561
Purchase Details
Listed on
Feb 10, 2012
Closed on
May 15, 2012
Sold by
W & W Realty and Wentling Donald J
Bought by
Wanser James and Wanser Jana
Seller's Agent
Betty Hurleman
BHHS Homesale Realty- Reading Berks
Buyer's Agent
Dave Decembrino
RE/MAX Of Reading
List Price
$258,132
Sold Price
$210,000
Premium/Discount to List
-$48,132
-18.65%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.52%
Original Mortgage
$157,500
Interest Rate
4.01%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Prospect Property Holding Llc | $566,000 | None Listed On Document | |
| Wanser James | $210,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Prospect Property Holding Llc | $424,500 | |
| Previous Owner | Wanser James | $157,500 | |
| Previous Owner | Wentling Kevin P | $70,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/28/2024 06/28/24 | Sold | $566,000 | -5.7% | $149 / Sq Ft |
| 05/28/2024 05/28/24 | Off Market | $599,900 | -- | -- |
| 05/27/2024 05/27/24 | Pending | -- | -- | -- |
| 05/16/2024 05/16/24 | For Sale | $599,900 | +185.7% | $158 / Sq Ft |
| 05/16/2012 05/16/12 | Sold | $210,000 | -18.6% | -- |
| 03/01/2012 03/01/12 | Pending | -- | -- | -- |
| 02/10/2012 02/10/12 | For Sale | $258,132 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $2,655 | $113,100 | $42,400 | $70,700 |
| 2024 | $7,352 | $113,100 | $42,400 | $70,700 |
| 2023 | $7,105 | $113,100 | $42,400 | $70,700 |
| 2022 | $6,880 | $113,100 | $42,400 | $70,700 |
| 2021 | $6,735 | $113,100 | $42,400 | $70,700 |
| 2020 | $6,548 | $113,100 | $42,400 | $70,700 |
| 2019 | $2,959 | $113,100 | $42,400 | $70,700 |
| 2018 | $6,276 | $113,100 | $42,400 | $70,700 |
| 2017 | $6,090 | $113,100 | $42,400 | $70,700 |
| 2016 | $1,698 | $113,100 | $42,400 | $70,700 |
| 2015 | $1,698 | $113,100 | $42,400 | $70,700 |
| 2014 | $1,613 | $113,100 | $42,400 | $70,700 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2024
Heather Cassel
Keller Williams Platinum Realty - Wyomissing
(610) 621-6800
1 in this area
42 Total Sales
-
B
Seller's Agent in 2012
Betty Hurleman
BHHS Homesale Realty- Reading Berks
(610) 223-6544
1 in this area
38 Total Sales
-
E
Seller Co-Listing Agent in 2012
E Paul Gangewere II
BHHS Homesale Realty- Reading Berks
Map
Source: Bright MLS
MLS Number: PABK2043270
APN: 23-5326-05-09-8916
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