Seller's Agent in 2021
Anthony Borelli
Century 21 Gold
(610) 507-3520
3 in this area
285 Total Sales
265 N Front St Reading, PA 19601
Sixth Ward NeighborhoodEstimated Value: $106,423 - $193,000
--
Bed
1
Bath
1,768
Sq Ft
$80/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.
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%
Total Days on Market
47
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
$36,106
Avg. Annual Appreciation
8.78%
Original Mortgage
$78,750
Outstanding Balance
$72,783
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$68,323
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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
222 Total Sales
Map
Similar Home in Reading, PA
Source: Bright MLS
MLS Number: PABK2001626
APN: 06-5307-73-51-7866
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