NOT LISTED FOR SALE

308 S 3rd Ave Reading, PA 19611

Estimated Value: $254,659 - $300,000

2 Beds
3 Baths
1,224 Sq Ft
$228/Sq Ft Est. Value

Last Sold January 17, 2018

Last sale price $122,500 $100 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $1,615/month

Highlights

  • Wood Flooring
  • No HOA
  • En-Suite Primary Bedroom
  • West Reading Elementary Center Rated A-
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of January 2018

Wonderful and rare brick two unit on tree lined street in West Reading, oversized detached garage and lovely rear patio surrounded by attractive flowering plants. There are replacement windows throughout the building and a newer roof. The first floor has a living rm with built in bookshelves, bedroom, kitchen and bath. Down the stairs to the basement and this unit has a family room and another full bath. There is a separate utility room and a storage closet. The washer and dryer, which remain, are on this level also. The second floor unit has a living room, kitchen, bedroom and bath. This building is in good condition and with some cosmetic work it would be a terrific investment or a very affordable owner occupied property on one level with a tenant on the other. Seller is motivated, all reasonable offers will be considered!!!

Last Agent to Sell the Property

Justin Horst

(610) 223-7664 justinchorst@gmail.com Pagoda Realty License #RS314105 Listed on: 11/08/2017

Pagoda Realty

Last Buyer's Agent

Eric Donahue

edonahue@goberkscounty.com RE/MAX Of Reading License #RS272188

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 2,178 Sq Ft Lot
  • Property is in good condition

Parking

  • 2 Car Detached Garage
  • 2 Open Parking Spaces

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Brick Foundation
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,224 Sq Ft Home
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick
  • Vinyl

Utilities

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

Community Details

  • No Home Owners Association
  • Operating Expense $3,210

Listing and Financial Details

  • Tax Lot 0796
  • Assessor Parcel Number 93-5306-06-38-0796

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Exclusions: All Contents In Garage.
  • Inclusions: All Contents In Home.
  • New Construction: No
  • Year Built: 1930
  • Remarks Public: Wonderful and rare brick two unit on tree lined street in West Reading, oversized detached garage and lovely rear patio surrounded by attractive flowering plants. There are replacement windows throughout the building and a newer roof. The first floor has a living rm with built in bookshelves, bedroom, kitchen and bath. Down the stairs to the basement and this unit has a family room and another full bath. There is a separate utility room and a storage closet. The washer and dryer, which remain, are on this level also. The second floor unit has a living room, kitchen, bedroom and bath. This building is in good condition and with some cosmetic work it would be a terrific investment or a very affordable owner occupied property on one level with a tenant on the other. Seller is motivated, all reasonable offers will be considered!!!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Vinyl, Tile/Brick
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Brick/Mortar
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Fully Finished
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1224
  • Living Area Sq Ft: 1224
  • Price Per Sq Ft: 118.38
  • Above Grade Finished Sq Ft: 1224
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 308

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding, Brick
  • 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 Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 2
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Electric Service: 100 Amp Service
  • 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: READING
  • School District Key: 300200397169

Lot Info

  • Improvement Assessed Value: 53500.00
  • Land Assessed Value: 17000.00
  • Land Use Code: 112R
  • Lot Size Acres: 0.05
  • Lot Dimensions: IRREG.
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • 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: 1587920
  • Tax Annual Amount: 3210.00
  • Assessor Parcel Number: 93-5306-06-38-0796
  • Tax Lot: 0796
  • Tax Year: 2017
  • Close Date: 01/17/2018

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2022
Sold by
Turning Point Investments 2 Llc
Bought by
Georgetown Holding Group Lp
Current Estimated Value
$278,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,440,000
Outstanding Balance
$1,378,764
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
-$1,089,141

Purchase Details

Listed on
Nov 8, 2017
Closed on
Jan 9, 2018
Sold by
Sanders Kyle M
Bought by
Turning Point Incestments 2 Llc
Seller's Agent
Justin Horst
Pagoda Realty
Buyer's Agent
Eric Donahue
RE/MAX Of Reading
List Price
$144,900
Sold Price
$122,500
Premium/Discount to List
-$22,400
-15.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.82%
Original Mortgage
$121,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2008
Sold by
Edwards Geraldine K
Bought by
Sanders Kyle M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Georgetown Holding Group Lp $1,400,000 None Listed On Document
Turning Point Incestments 2 Llc $122,500 --
Sanders Kyle M $139,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Georgetown Holding Group Lp $1,440,000
Previous Owner Turning Point Incestments 2 Llc $121,500
Previous Owner Sanders Kyle M $124,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2018 01/17/18 Sold $122,500 -15.5% $100 / Sq Ft
12/04/2017 12/04/17 Pending -- -- --
11/08/2017 11/08/17 For Sale $144,900 -- $118 / 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 $1,628 $72,000 $17,000 $55,000
2024 $3,980 $72,000 $17,000 $55,000
2023 $2,641 $72,000 $17,000 $55,000
2022 $3,694 $72,000 $17,000 $55,000
2021 $3,630 $72,000 $17,000 $55,000
2020 $3,450 $70,500 $17,000 $53,500
2019 $3,379 $70,500 $17,000 $53,500
2018 $3,283 $70,500 $17,000 $53,500
2017 $3,210 $70,500 $17,000 $53,500
2016 $1,034 $70,500 $17,000 $53,500
2015 $1,034 $70,500 $17,000 $53,500
2014 $1,000 $70,500 $17,000 $53,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004139473

Bright MLS

APN: 93-5306-06-38-0796