NOT LISTED FOR SALE

2701 Kutztown Rd Reading, PA 19605

Hyde Park-Muhlenberg Neighborhood

Estimated Value: $192,000 - $280,000

-- Bed
1 Bath
1,904 Sq Ft
$126/Sq Ft Est. Value

Last Sold February 29, 2016

Last sale price $110,000 $58 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $1,342/month

Highlights

  • Wood Flooring
  • En-Suite Primary Bedroom
  • Ceiling Fan
  • No HOA
  • Forced Air Heating and Cooling System
  • Replacement Windows

About This Home

As of February 2016

Exceptional, Bank owned 2 unit apartment building. Building is in excellent condition, with long term tenant ( 5 yrs) on first floor, and second floor apartment has been professionally cleaned and is ready for occupancy. Tenants pay their own gas & electric. Water service is not split, so water & sewer are convered by landlord. Both units have hook-ups for individual washer & dryers. There is a two car parking lot on the rear side, w/a nice yard & alley access as well. The only thing you'll need to do it get the second floor rented and start flowing cash!

Last Agent to Sell the Property

Liz Egner

(610) 656-9426 legner@goberkscounty.com RE/MAX Of Reading License #AB062436L Listed on: 01/11/2016

RE/MAX Of Reading

Co-Listed By

Dave Decembrino

(610) 656-9427 ddecembrino@goberkscounty.com RE/MAX Of Reading License #RS223349L

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

Est. Annual Taxes

  • $2,463

Year Built

  • Built in 1838

Lot Details

  • 6,098 Sq Ft Lot
  • Southwest Facing Home
  • Property is in good condition

Parking

  • 2 Open Parking Spaces

Home Design

  • Duplex
  • Stone Foundation
  • Slab Foundation
  • Shingle Roof
  • Stone Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,904 Sq Ft Home
  • Ceiling Fan
  • Replacement Windows
  • Storage In Attic
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick

Eco-Friendly Details

  • Energy-Efficient Windows

Schools

  • Muhlenberg High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Underground Utilities
  • 100 Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1795
  • Assessor Parcel Number 66-5318-13-04-1795

Community Details

Overview

  • No Home Owners Association
  • Hyde Park Subdivision

Building Details

  • Operating Expense $2,463

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,463

Year Built

Built in 1838

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Storage: Attic
  • Year Built: 1838
  • Remarks Public: Exceptional, Bank owned 2 unit apartment building. Building is in excellent condition, with long term tenant ( 5 yrs) on first floor, and second floor apartment has been professionally cleaned and is ready for occupancy. Tenants pay their own gas & electric. Water service is not split, so water & sewer are convered by landlord. Both units have hook-ups for individual washer & dryers. There is a two car parking lot on the rear side, w/a nice yard & alley access as well. The only thing you'll need to do it get the second floor rented and start flowing cash!
  • Special Features: VirtualTour

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Tile/Brick
  • Interior Amenities: Ceiling Fan(s)
  • Window Features: Energy Efficient, Replacement
  • Fireplace: No
  • Entry Location: Private
  • Foundation Details: Stone, Concrete Perimeter, Slab
  • Room List: Primary Bedroom
  • Basement: No
  • Laundry Type: Hookup
  • Total Sq Ft: 1904
  • Living Area Sq Ft: 1904
  • Price Per Sq Ft: 65.60
  • Above Grade Finished Sq Ft: 1904
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2701

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding, Stone
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Shingle
  • 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: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Electric Service: Underground, 100 Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: MUHLENBERG
  • High School: MUHLENBERG
  • School District Key: 300200397508
  • High School: MUHLENBERG

Lot Info

  • Improvement Assessed Value: 30500.00
  • Land Assessed Value: 30800.00
  • Lot Size Acres: 0.14
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6098.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1547607
  • Tax Annual Amount: 2463.00
  • Assessor Parcel Number: 66-5318-13-04-1795
  • Tax Lot: 1795
  • Tax Year: 2016
  • Close Date: 02/29/2016

MLS Schools

  • School District Name: MUHLENBERG

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2016
Closed on
Feb 29, 2016
Sold by
First Commonwealth Fed Cu
Bought by
Barak Rakesh
Seller's Agent
Liz Egner
RE/MAX Of Reading
Buyer's Agent
Anthony Borelli
Century 21 Gold
List Price
$124,900
Sold Price
$110,000
Premium/Discount to List
-$14,900
-11.93%
Current Estimated Value
$239,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,439
Avg. Annual Appreciation
8.29%

Purchase Details

Closed on
Jul 23, 2015
Sold by
Corisdeo Michael
Bought by
First Commonwealth Fcu

Purchase Details

Closed on
Mar 14, 2005
Sold by
Coffin Barbara
Bought by
Corisdeo Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,600
Interest Rate
5.95%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
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List Price
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 $110,000 None Available
First Commonwealth Fcu $1,600 None Available
Corisdeo Michael $62,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Corisdeo Michael $49,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/29/2016 02/29/16 Sold $110,000 -11.9% $58 / Sq Ft
01/28/2016 01/28/16 Pending -- -- --
01/11/2016 01/11/16 For Sale $124,900 -- $66 / 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 $920 $61,300 $30,800 $30,500
2024 $2,951 $61,300 $30,800 $30,500
2023 $2,770 $61,300 $30,800 $30,500
2022 $2,724 $61,300 $30,800 $30,500
2021 $2,660 $61,300 $30,800 $30,500
2020 $2,660 $61,300 $30,800 $30,500
2019 $2,699 $61,300 $30,800 $30,500
2018 $2,557 $61,300 $30,800 $30,500
2017 $2,509 $61,300 $30,800 $30,500
2016 $743 $61,300 $30,800 $30,500
2015 $743 $61,300 $30,800 $30,500
2014 $743 $61,300 $30,800 $30,500
Source: Public Records

Agents Affiliated with this Home

  • Liz Egner

    Seller's Agent in 2016

    Liz Egner

    RE/MAX of Reading

    (610) 656-9426

    4 in this area

    214 Total Sales

    Liz Egner
    Section Image
  • Dave Decembrino

    Seller Co-Listing Agent in 2016

    Dave Decembrino

    RE/MAX of Reading

    (610) 656-9427

    1 in this area

    201 Total Sales

    Dave Decembrino
    Section Image
  • Anthony Borelli

    Buyer's Agent in 2016

    Anthony Borelli

    Century 21 Gold

    (610) 507-3520

    5 in this area

    282 Total Sales

    Anthony Borelli
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003897575

Bright MLS

APN: 66-5318-13-04-1795

Pennsylvania Berks County Reading 19605 Hyde Park-Muhlenberg

2701 Kutztown Rd, Reading, PA

This home is located at 2701 Kutztown Rd, Reading, PA 19605 since 11 January 2016 and is currently estimated at $239,439, approximately $125 per square foot. This property was built in 1838. 2701 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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