Seller's Agent in 2021
Anthony Borelli
Century 21 Gold
(610) 507-3520
3 in this area
270 Total Sales
265 N Front St Reading, PA 19601
Sixth Ward NeighborhoodEstimated Value: $127,082 - $182,000
--
Bed
1
Bath
1,768
Sq Ft
$91/Sq Ft
Est. Value
Highlights
- Transitional Architecture
- Electric Baseboard Heater
- 2-minute walk to Barbey's Park
- No HOA
About This Home
As of November 2021Great investment opportunity for an investor or owner occupied buyer. This well maintained 2 unit offers a strong cap rate of 11.49%. The 1 st floor apartment rents for $675 a month and the 2 nd floor apartment rents for $750.00 a month. The tenants pay all utilities with the exception of sewer, water and trash. Off street parking makes this an easy unit to keep rented. Owner just installed 2 new hot water heaters.
Last Agent to Sell the Property
(610) 507-3520 anthonyborelli@comcast.net Century 21 Gold License #RS227951L Listed on: 07/29/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $695
Year Built
- Built in 1900
Lot Details
- 1,742 Sq Ft Lot
Home Design
- Duplex
- Transitional Architecture
- Brick Exterior Construction
Interior Spaces
- 1,768 Sq Ft Home
- Basement Fills Entire Space Under The House
Parking
- Alley Access
- On-Street Parking
Utilities
- Electric Baseboard Heater
- 100 Amp Service
Listing and Financial Details
- Assessor Parcel Number 06-5307-73-51-7866
Community Details
Overview
- No Home Owners Association
- 2-Story Building
Building Details
- Insurance Expense $800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 29, 2021
Closed on
Oct 13, 2021
Sold by
Utermohlen Frederick D and The Fdu Investment Trust
Bought by
Delossantos Frenly
Seller's Agent
Anthony Borelli
Century 21 Gold
Buyer's Agent
John Gantkowski
Iron Valley Real Estate of Berks
List Price
$114,900
Sold Price
$105,000
Premium/Discount to List
-$9,900
-8.62%
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
$56,521
Avg. Annual Appreciation
11.40%
Original Mortgage
$78,750
Outstanding Balance
$72,029
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$89,492
Purchase Details
Closed on
Feb 21, 2019
Sold by
Joiner Victor Lee and Islam Mohamhad Tanvir
Bought by
Termohlen Frederick D and Fdu Investment Trust
Purchase Details
Closed on
Aug 17, 2018
Sold by
Cooley Nathan
Bought by
Joiner Victor Lee and Islam Mohamhad Tanvir
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 |
|---|---|---|---|
| Delossantos Frenly | $105,000 | Ntc | |
| Termohlen Frederick D | $42,000 | Abstracting Company Of Berks | |
| Joiner Victor Lee | $10,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Delossantos Frenly | $78,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/01/2021 11/01/21 | Sold | $105,000 | 0.0% | $59 / Sq Ft |
| 09/15/2021 09/15/21 | Pending | -- | -- | -- |
| 09/15/2021 09/15/21 | Off Market | $105,000 | -- | -- |
| 08/26/2021 08/26/21 | Price Changed | $114,900 | 0.0% | $65 / Sq Ft |
| 08/26/2021 08/26/21 | For Sale | $114,900 | +9.4% | $65 / Sq Ft |
| 08/19/2021 08/19/21 | Off Market | $105,000 | -- | -- |
| 07/31/2021 07/31/21 | Pending | -- | -- | -- |
| 07/29/2021 07/29/21 | For Sale | $108,000 | -- | $61 / Sq Ft |
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 | $432 | $15,900 | $5,600 | $10,300 |
| 2024 | $706 | $15,900 | $5,600 | $10,300 |
| 2023 | $695 | $15,900 | $5,600 | $10,300 |
| 2022 | $695 | $15,900 | $5,600 | $10,300 |
| 2021 | $695 | $15,900 | $5,600 | $10,300 |
| 2020 | $688 | $15,900 | $5,600 | $10,300 |
| 2019 | $688 | $15,900 | $5,600 | $10,300 |
| 2018 | $688 | $15,900 | $5,600 | $10,300 |
| 2017 | $684 | $15,900 | $5,600 | $10,300 |
| 2016 | $391 | $15,900 | $5,600 | $10,300 |
| 2015 | $391 | $15,900 | $5,600 | $10,300 |
| 2014 | $359 | $15,900 | $5,600 | $10,300 |
Source: Public Records
Agents Affiliated with this Home
-
Anthony Borelli
-
John Gantkowski
Buyer's Agent in 2021
John Gantkowski
Iron Valley Real Estate of Berks
(610) 780-3024
8 in this area
239 Total Sales
Map
Source: Bright MLS
MLS Number: PABK2001626
APN: 06-5307-73-51-7866
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