NOT LISTED FOR SALE

Estimated Value: $439,801

-- Bed
-- Bath
3,160 Sq Ft
$139/Sq Ft Est. Value

Last Sold March 29, 2019

Last sale price $275,000 $87 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $2,573/month

142 Days on Market

Highlights

  • No HOA
  • Parking Storage or Cabinetry
  • Ceiling height of 9 feet or more
  • 3 Car Attached Garage
  • En-Suite Primary Bedroom
  • Central Air

About This Home

As of March 2019

Well maintained commercial building, conveniently located on the Main Street. of Oley. Four of the units are on the main living floor and an office/in-law quarters, (extra 660 sq. ft.) on the lower level, that had been an approved beauty shop and a licensed real estate office. A unique property in move-in condition. The property is zoned Village and is Commercial, zoned for multiple use. The property was renovated in 2007 leaving the owners unit feeling like a condo. The rentals are an office on the main floor and an efficiency apartment and a one-bedroom apartment & an owners unit. Central air was installed at that time for most of the building (possible to be extended for all the building). Propane heat and well insulated making it very economical. A wonderful property for one-floor living and renting out the other units. Very easy to rent. All rentals are month-to-month, and tenants are willing to stay if the new owner is interested. Nine off-street parking spaces. A garage that will hold three plus cars and still lots of storage or workspace with lots of natural light. Large lot will accommodate motor home. All appliances included are "as is". Listor and owner is a licensed Realtor.

Last Listed By

Carol Reider

Realty Wise Listed on: 09/17/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,254

Year Built

  • Built in 1910 | Remodeled in 2007

Lot Details

  • 0.66 Acre Lot
  • Property is in good condition

Parking

  • 3 Car Attached Garage
  • 8 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Garage Door Opener
  • Parking Lot

Home Design

  • Stone Foundation
  • Pitched Roof
  • Shingle Roof
  • Stone Siding
  • Vinyl Siding
  • Stucco

Interior Spaces

  • En-Suite Primary Bedroom
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Window Treatments
  • Basement Fills Entire Space Under The House
  • Storage In Attic
  • Laundry in unit

Flooring

  • Wall to Wall Carpet
  • Vinyl

Schools

  • Oley Valley Elementary School
  • Oley Valley Senior High School

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Hot Water Baseboard Heater
  • Hot Water Heating System
  • Electric Baseboard Heater
  • 200+ Amp Service
  • Propane Water Heater
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 9709
  • Assessor Parcel Number 67-5349-03-40-9709

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Electric Expense $300
  • Insurance Expense $1,392
  • Maintenance Expense $400
  • Other Expense $336
  • Operating Expense $9,142

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,254

Year Built

Built in 1910 | Remodeled in 2007

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Exclusions: Propane Tank Is Rented
  • Home Warranty: No
  • Inclusions: See Listor For List
  • New Construction: No
  • Other Expense: 336.00
  • Storage: Attic, Garage
  • Year Built: 1910
  • Year Renovated: 2007
  • Remarks Public: Well maintained commercial building, conveniently located on the Main Street. of Oley. Four of the units are on the main living floor and an office/in-law quarters, (extra 660 sq. ft.) on the lower level, that had been an approved beauty shop and a licensed real estate office. A unique property in move-in condition. The property is zoned Village and is Commercial, zoned for multiple use. The property was renovated in 2007 leaving the owners unit feeling like a condo. The rentals are an office on the main floor and an efficiency apartment and a one-bedroom apartment & an owners unit. Central air was installed at that time for most of the building (possible to be extended for all the building). Propane heat and well insulated making it very economical. A wonderful property for one-floor living and renting out the other units. Very easy to rent. All rentals are month-to-month, and tenants are willing to stay if the new owner is interested. Nine off-street parking spaces. A garage that will hold three plus cars and still lots of storage or workspace with lots of natural light. Large lot will accommodate motor home. All appliances included are "as is". Listor and owner is a licensed Realtor.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Interior Amenities: Ceiling Fan(s), Window Treatments, Store/Office
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings
  • Entry Location: Private
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 5160
  • Living Area Sq Ft: 3160
  • Price Per Sq Ft: 112.59
  • Above Grade Finished Sq Ft: 2660
  • Above Grade Unfinished Sq Ft: 2000
  • Below Grade Finished Sq Ft: 500
  • Total Below Grade Sq Ft: 500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 308

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Stucco, Stone
  • Exterior Features: Street Lights, Satellite Dish
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Open Parking Spaces Count: 8
  • Parking Features: Private
  • Garage Features: Garage Door Opener, Oversized
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 11
  • Type Of Parking: Parking Lot, Attached Garage

Utilities

  • Annual Heating Expense: 1600.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Wall Unit
  • Electric Expense: 300.00
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Hot Water, Radiator, Baseboard - Electric, Baseboard - Hot Water, Baseboard - Electric
  • Heating: Yes
  • Hot Water: Propane
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 860.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: OLEY VALLEY
  • Elementary School: OLEY VALLEY
  • High School: OLEY VALLEY SENIOR
  • School District Key: 300200397314
  • Elementary School: OLEY VALLEY
  • High School: OLEY VALLEY SENIOR

Lot Info

  • Improvement Assessed Value: 54800.00
  • Land Assessed Value: 54000.00
  • Land Use Code: 4104
  • Lot Size Acres: 0.66
  • Lot Dimensions: 92? X 337?
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 28750.00
  • Property Condition: Good
  • Zoning: COM

Green Features

  • R Factor Ceilings: R38

Rental Info

  • Ground Rent Exists: No
  • Rent Control: No
  • Units Leased Count: 3
  • Vacation Rental: No

Multi Family

  • Gross Income: 23940.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
  • Single Room Units Count: 3

Tax Info

  • Assessor Parcel Number: 1549496
  • Tax Annual Amount: 4254.00
  • Assessor Parcel Number: 67-5349-03-40-9709
  • Tax Lot: 9709
  • Tax Data Updated: No
  • Tax Year: 2018
  • Close Date: 03/29/2019

MLS Schools

  • School District Name: OLEY VALLEY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2018
Closed on
Mar 29, 2019
Sold by
Reider Randy D and Reider Carol L
Bought by
Arches Property Management Llc
Seller's Agent
Carol Reider
Realty Wise
Buyer's Agent
Brad Kissam
RE/MAX Of Reading
List Price
$325,000
Sold Price
$275,000
Premium/Discount to List
-$50,000
-15.38%
Total Days on Market
142
Current Estimated Value
$439,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,801
Avg. Annual Appreciation
7.91%
Original Mortgage
$205,000
Interest Rate
4.3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 11, 2007
Sold by
Strause Joan C
Bought by
Reider Randy D and Reider Carol L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.23%
Mortgage Type
Commercial

Range of Values:

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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
Arches Property Management Llc $275,000 Signature Abstract
Reider Randy D $200,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Arches Property Management Llc $205,000
Previous Owner Reider Randy D $158,000
Previous Owner Reider Randy D $35,000
Previous Owner Reider Randy D $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2019 03/29/19 Sold $275,000 -8.2% $87 / Sq Ft
02/06/2019 02/06/19 Pending -- -- --
10/12/2018 10/12/18 Price Changed $299,500 -7.8% $95 / Sq Ft
09/17/2018 09/17/18 For Sale $325,000 -- $103 / 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 $1,617 $108,800 $54,000 $54,800
2024 $4,696 $108,800 $54,000 $54,800
2023 $4,535 $108,800 $54,000 $54,800
2022 $4,448 $108,800 $54,000 $54,800
2021 $4,394 $108,800 $54,000 $54,800
2020 $4,329 $108,800 $54,000 $54,800
2019 $4,264 $108,800 $54,000 $54,800
2018 $4,209 $108,800 $54,000 $54,800
2017 $4,015 $108,800 $54,000 $54,800
2016 $1,147 $108,800 $54,000 $54,800
2015 $1,147 $108,800 $54,000 $54,800
2014 $1,147 $108,800 $54,000 $54,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004926764

Bright MLS

APN: 67-5349-03-40-9709