NOT LISTED FOR SALE

316 S 5th St Reading, PA 19602

-- Bed
-- Bath
-- Sq Ft
3,920 Sq Ft Lot

Last Sold May 30, 2018

Last sale price $72,000

73 Days on Market

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Heating System Uses Gas

About This Home

As of May 2018

Take a look at this huge multi family! This is perfect for someone looking for a first floor apartment with one bedroom. The apartment has an electric stove, electric hot water and gas heat in which all are paid for by the tenant. The upstairs has been rented for years at $600 a month. The tenant would love to stay if you want them to, the apartment they have is 4 bedrooms. This apartment has an electric stove, electric hot water and gas heat in which the tenant pays for. The owner is responsible for the common space, water, trash, sewer, and things of that sort! Its a great investment for someone looking to buy a property with separate heaters, hot water tanks and electric meters. Schedule your private tour!

Last Agent to Sell the Property

Jorge Diaz

Light House Realtors, LLC License #RS328499 Listed on: 02/17/2018

Last Buyer's Agent

Johanna Fletcher

Weichert Realtors Neighborhood One

Weichert Realtors Neighborhood One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,298

Year Built

  • Built in 1900

Lot Details

  • 3,920 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Schools

  • Tyson-Schoener Elementary School
  • Southwest Middle School
  • Reading Senior High School

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Additional Features

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

Listing and Financial Details

  • Tax Lot 6383
  • Assessor Parcel Number 01-5306-35-78-6383

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $250
  • Insurance Expense $800
  • Other Expense $100
  • Operating Expense $6,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,298

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 100.00
  • Storage: Basement
  • Year Built: 1900
  • Remarks Public: Take a look at this huge multi family! This is perfect for someone looking for a first floor apartment with one bedroom. The apartment has an electric stove, electric hot water and gas heat in which all are paid for by the tenant. The upstairs has been rented for years at $600 a month. The tenant would love to stay if you want them to, the apartment they have is 4 bedrooms. This apartment has an electric stove, electric hot water and gas heat in which the tenant pays for. The owner is responsible for the common space, water, trash, sewer, and things of that sort! Its a great investment for someone looking to buy a property with separate heaters, hot water tanks and electric meters. Schedule your private tour!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Street Number Modifier: 316

Exterior Features

  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 250.00
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Gas, Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 3600.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: READING
  • Elementary School: TYSON-SCHOENER
  • Middle School: SOUTHWEST
  • High School: READING SENIOR
  • School District Key: 300200397169
  • Elementary School: TYSON-SCHOENER
  • High School: READING SENIOR
  • Middle Or Junior School: SOUTHWEST

Lot Info

  • Improvement Assessed Value: 11000.00
  • Land Assessed Value: 19000.00
  • Land Use Code: 4124
  • Lot Size Acres: 0.09
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3920.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 14400.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1440149
  • Tax Annual Amount: 1298.00
  • Assessor Parcel Number: 01-5306-35-78-6383
  • Tax Lot: 6383
  • Tax Year: 2018
  • Close Date: 05/30/2018

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2018
Closed on
May 30, 2018
Sold by
Stankiewicz Shawn P and Stankiewicz Kristen A
Bought by
Cruz Ortiz Jennifer
Seller's Agent
Jorge Diaz
Light House Realtors, LLC
Buyer's Agent
Johanna Fletcher
Weichert Realtors Neighborhood One
List Price
$84,900
Sold Price
$72,000
Premium/Discount to List
-$12,900
-15.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,728
Outstanding Balance
$64,423
Interest Rate
4.4%
Mortgage Type
VA

Purchase Details

Closed on
Dec 3, 2002
Sold by
Singleton Nonnie E and Singleton May Rose
Bought by
Tamlig Inc
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
Cruz Ortiz Jennifer $72,000 None Available
Tamlig Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foley Jennifer $9,424
Open Cruz Ortiz Jennifer $73,728
Previous Owner Stankiewicz Shawn P $65,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2018 05/30/18 Sold $72,000 0.0% --
05/01/2018 05/01/18 Pending -- -- --
04/27/2018 04/27/18 Off Market $72,000 -- --
04/08/2018 04/08/18 Price Changed $84,799 0.0% --
03/28/2018 03/28/18 Price Changed $84,800 -0.1% --
02/23/2018 02/23/18 For Sale $84,900 +17.9% --
02/23/2018 02/23/18 Off Market $72,000 -- --
02/20/2018 02/20/18 Price Changed $84,900 +13.4% --
02/17/2018 02/17/18 For Sale $74,900 -- --
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 $814 $30,000 $19,000 $11,000
2024 $1,332 $30,000 $19,000 $11,000
2023 $1,311 $30,000 $19,000 $11,000
2022 $1,311 $30,000 $19,000 $11,000
2021 $1,311 $30,000 $19,000 $11,000
2020 $1,298 $30,000 $19,000 $11,000
2019 $1,298 $30,000 $19,000 $11,000
2018 $1,298 $30,000 $19,000 $11,000
2017 $1,290 $30,000 $19,000 $11,000
2016 $737 $30,000 $19,000 $11,000
2015 $737 $30,000 $19,000 $11,000
2014 $678 $30,000 $19,000 $11,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000164902

Bright MLS

APN: 01-5306-35-78-6383