Seller's Agent in 2019
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
202 Total Sales
302 Oley St Reading, PA 19601
Reading Area
Studio
3
Baths
--
Sq Ft
2,614
Sq Ft Lot
Highlights
- Wood Flooring
- No HOA
- Hot Water Heating System
- Victorian Architecture
- Home Security System
- 3-minute walk to Centre Park
About This Home
As of February 2019Fantastic very large Centre Park Historic District semi-detached, fully occupied 3 unit building. Pride of ownership is evident throughout. Unit 1, 1st floor, has 4 rooms, 2 BRS, pocket doors, hardwood floors, tiled bath, security system, electric baseboard heat, electric hot water, electric range/oven, walk-in closet, tenant pays for electric which includes heat. Rented for $680/month by same tenant for 3-4 years. Unit 2, 2nd floor, has 4 rooms, 2 BRS, hardwood floors, tiled bath, gas hot water heat paid by owner, electric range/oven, electric hot water, tenant pays for all electric, rented for $730/month by a new tenant. Unit 3, 3rd floor, has 4 rooms, 2 BRS, hardwood floors, tiled bath, gas hot water radiator heat paid by owner, electric range/oven, electric hot water, all electric paid by tenant, rented for $765/month by a 1-2 year Section 8 tenant. Additional features include front & rear covered porches, front door entrance buzzer in each unit, 200 AMP electric, rubber main roof, slate mansard, fenced yard, gas boiler for units 2 & 3 paid by owner, 3 electric water heaters paid by tenants. Old oil tank in basement not in use. Excellent, well maintained, stable building producing outstanding cash flow with long term tenants. 18% Cap Rate! A must for your investment portfolio! Will not last long in this hot real estate market with low inventory!
Last Agent to Sell the Property
(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 12/07/2018
Last Buyer's Agent
(223) 227-2270 info@peakassetrealty.com Peak Asset Realty License #RS300848
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,688
Year Built
- Built in 1890
Lot Details
- 2,614 Sq Ft Lot
- Property is in good condition
Parking
- On-Street Parking
Home Design
- Triplex
- Victorian Architecture
- Brick Exterior Construction
- Stone Foundation
- Slate Roof
- Rubber Roof
- Stone Siding
Flooring
- Wood
- Ceramic Tile
- Vinyl
Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Home Security
- Home Security System
- Fire Escape
Utilities
- Radiator
- Heating System Uses Natural Gas
- Hot Water Heating System
- Electric Baseboard Heater
- 200+ Amp Service
- Electric Water Heater
- Municipal Trash
Listing and Financial Details
- The owner pays for heat, common area maintenance, insurance, lawn/shrub care, repairs, snow removal, real estate taxes, trash collection, water
- Tax Lot 8030
- Assessor Parcel Number 14-5307-58-64-8030
Community Details
Overview
- No Home Owners Association
- 3 Units
- 3-Story Building
- Centre Park Historic Dist Subdivision
Building Details
- Income includes apartment rentals
- Insurance Expense $858
- Trash Expense $1,212
- Operating Expense $6,306
- Net Operating Income $19,794
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 7, 2018
Closed on
Feb 13, 2019
Sold by
Bought by
Seller's Agent
Jose Candelaria
RE/MAX Of Reading
Buyer's Agent
Sheldon Zimmerman
Peak Asset Realty
List Price
$115,000
Sold Price
$115,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
0.045%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 27, 2014
Sold by
Bought by
Purchase Details
Closed on
Oct 12, 2011
Sold by
Bought by
Purchase Details
Closed on
Jul 5, 2011
Sold by
Bought by
Purchase Details
Closed on
May 2, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
0.0623%
Mortgage Type
Commercial
Purchase Details
Closed on
May 19, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,713
Interest Rate
0.0582%
Mortgage Type
Commercial
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Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $115,000 | None Available | ||
| -- | None Available | ||
| $40,250 | None Available | ||
| $1,800 | None Available | ||
| $120,000 | None Available | ||
| $45,900 | Conestoga Title Insurance Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $50,000 | ||
| Open | $92,000 | ||
| Previous Owner | $120,000 | ||
| Previous Owner | $41,713 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/13/2019 02/13/19 | Sold | $115,000 | 0.0% | -- |
| 12/20/2018 12/20/18 | Pending | -- | -- | -- |
| 12/07/2018 12/07/18 | For Sale | $115,000 | -- | -- |
Source: Bright MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $1,101 | $39,000 | $6,200 | $32,800 |
| 2025 | $1,059 | $39,000 | $6,200 | $32,800 |
| 2024 | $1,732 | $39,000 | $6,200 | $32,800 |
| 2023 | $1,705 | $39,000 | $6,200 | $32,800 |
| 2022 | $1,705 | $39,000 | $6,200 | $32,800 |
| 2021 | $1,705 | $39,000 | $6,200 | $32,800 |
| 2020 | $1,688 | $39,000 | $6,200 | $32,800 |
| 2019 | $1,688 | $39,000 | $6,200 | $32,800 |
| 2018 | $1,688 | $39,000 | $6,200 | $32,800 |
| 2017 | $1,677 | $39,000 | $6,200 | $32,800 |
| 2016 | $800 | $44,600 | $6,500 | $38,100 |
| 2015 | $1,095 | $44,600 | $6,500 | $38,100 |
| 2014 | $1,008 | $44,600 | $6,500 | $38,100 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Candelaria
-
Sheldon Zimmerman
Buyer's Agent in 2019
Sheldon Zimmerman
Peak Asset Realty
(717) 587-2424
217 Total Sales
Map
Source: Bright MLS
MLS Number: PABK199152
APN: 5307-58-64-8030
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