NOT LISTED FOR SALE

306 W Lancaster Ave Reading, PA 19607

Estimated Value: $227,356

-- Bed
-- Bath
-- Sq Ft
3,485 Sq Ft Lot

Last Sold June 20, 2017

Last sale price $114,000

Est. 99% increase in value since last sale

Current estimated payment $1,306/month

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Replacement Windows
  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Wall to Wall Carpet

About This Home

As of June 2017

Amazing opportunity to run your business in one unit and live in the other. So many possibilities. Current use is a hair salon on the 1st floor and a gorgeous apartment on the 2nd floor. The property just appraised for $123,500!! This property is very well taken care of and is in a great location. Beautiful salon with 4 stations, shampoo stations, a beautiful area for nail work and a reception area. The apartment is spacious and bright. There is a deck for relaxation as well as vaulted ceiling and a huge kitchen. Very large bedroom which could be 2 bedrooms. Off street parking is in the rear of property. Schedule some time to come take a look. You will not be disappointed! This seller will also consider renting the first floor unit.

Last Agent to Sell the Property

Dave Mattes

(610) 334-0294 davidmattes@remax.net RE/MAX Of Reading License #RS-208588-L Listed on: 10/04/2016

RE/MAX Of Reading

Last Buyer's Agent

Keith Diener

(610) 226-5164 kdiener49@gmail.com Keller Williams Real Estate-Montgomeryville License #RS289781

Keller Williams Real Estate-Montgomeryville

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 3,485 Sq Ft Lot
  • Property is in good condition

Parking

  • 4 Open Parking Spaces

Home Design

  • Flat Roof Shape
  • Stone Foundation
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • Replacement Windows
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 3825
  • Assessor Parcel Number 77-4395-07-58-3825

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $2,040
  • Operating Expense $8,696

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Inclusions: Apt Range, Salon Fridge
  • New Construction: No
  • Storage: Basement
  • Year Built: 1920
  • Remarks Public: Amazing opportunity to run your business in one unit and live in the other. So many possibilities. Current use is a hair salon on the 1st floor and a gorgeous apartment on the 2nd floor. The property just appraised for $123,500!! This property is very well taken care of and is in a great location. Beautiful salon with 4 stations, shampoo stations, a beautiful area for nail work and a reception area. The apartment is spacious and bright. There is a deck for relaxation as well as vaulted ceiling and a huge kitchen. Very large bedroom which could be 2 bedrooms. Off street parking is in the rear of property. Schedule some time to come take a look. You will not be disappointed! This seller will also consider renting the first floor unit.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl, Laminated
  • Window Features: Replacement
  • Fireplace: No
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Washer In Unit, Dryer In Unit, Hookup, Has Laundry
  • Street Number Modifier: 306

Exterior Features

  • Construction Materials: Vinyl Siding
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat, Pitched, 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: 4

Utilities

  • Annual Heating Expense: 1560.00
  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Cooling: Yes
  • Electric Expense: 2040.00
  • Electric Service: 200+ 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 Sewer Expenses: 1992.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: GOVERNOR MIFFLIN
  • School District Key: 300200397317

Lot Info

  • Improvement Assessed Value: 27400.00
  • Land Assessed Value: 47200.00
  • Land Use Code: 4118
  • Lot Size Acres: 0.08
  • Lot Dimensions: IRRG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3485.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: MIXED

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 18800.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1563239
  • Tax Annual Amount: 3104.00
  • Assessor Parcel Number: 77-4395-07-58-3825
  • Tax Lot: 3825
  • Tax Year: 2017
  • Close Date: 06/20/2017

MLS Schools

  • School District Name: GOVERNOR MIFFLIN

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2017 06/20/17 Sold $114,000 0.0% --
05/04/2017 05/04/17 Pending -- -- --
05/03/2017 05/03/17 Off Market $114,000 -- --
04/13/2017 04/13/17 For Sale $114,900 +0.8% --
04/06/2017 04/06/17 Off Market $114,000 -- --
03/22/2017 03/22/17 Price Changed $114,900 -14.8% --
10/04/2016 10/04/16 For Sale $134,900 -- --
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 $1,205 $74,600 $47,200 $27,400
2024 $3,401 $74,600 $47,200 $27,400
2023 $3,312 $74,600 $47,200 $27,400
2022 $3,275 $74,600 $47,200 $27,400
2021 $3,237 $74,600 $47,200 $27,400
2020 $3,237 $74,600 $47,200 $27,400
2019 $3,200 $74,600 $47,200 $27,400
2018 $3,163 $74,600 $47,200 $27,400
2017 $3,104 $74,600 $47,200 $27,400
2016 $1,061 $74,600 $47,200 $27,400
2015 $1,061 $74,600 $47,200 $27,400
2014 $970 $74,600 $47,200 $27,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003329787

Bright MLS

APN: 77-4395-07-58-3825