NOT LISTED FOR SALE

32 W Lancaster Ave Reading, PA 19607

Shillington Area
Studio
2 Baths
2,016 Sq Ft
8,276 Sq Ft Lot

Sale Details

Date Sold: December 30, 2015

Last sale price $146,200 $73 Per Sq Ft

277 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

About This Home

As of December 2015

3 unit prop zoned comm-Currently used as two 1 bdrm apts w/nice size rooms, 1 full bath & both occupied renting for $575/month-3rd unit is comm space in LL, previously used as dog groomer-Natural gas heating system-New roof-High traffic exposure-Parking for approx 9 vehicles-Great opportunity to gain rental income & open a business such as retail, hairdresser, groomer, etc

Last Agent to Sell the Property

Andy Sollenberger

(717) 733-4777 lynn@kingswayrealty.com Kingsway Realty - Ephrata License #RS313192 Listed on: 02/11/2013

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,409

Year Built

  • Built in 1920

Lot Details

  • 8,276 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • Poured Concrete
  • Shingle Roof
  • Composition Roof
  • Stucco

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Basement Storage

Schools

  • Governor Mifflin High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for hot water, electricity
  • Assessor Parcel Number 77-4395-07-68-4333

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes apartment rentals, professional offices
  • Insurance Expense $957
  • Operating Expense $4,304
  • Net Operating Income $11,887

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,409

Year Built

Built in 1920

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Current Use: Office
  • New Construction: No
  • Storage: Basement
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Poured Concrete, Full, Outside Entrance, Partially Finished

Exterior Features

  • Construction Materials: Stucco
  • Construction Completed: No
  • Roof: Composite, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Annual Heating Expense: 2147.00
  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Cooling: Yes
  • Electric Service: 100 Amp Service, Circuit Breakers, Fuses
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard, Hot Water
  • Heating: Yes
  • Hot Water: Electric, Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 1200.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: GOVERNOR MIFFLIN

Lot Info

  • Lot Size Acres: 0.19
  • Lot Dimensions: .19 acre
  • Zoning: COMM
  • Zoning Description: Commercial,Res/Multi-Family
  • In City Limits: Yes

Rental Info

  • Tenant Pays: Hot Water, Electricity
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1563542
  • School Tax: 1606.86
  • Tax Annual Amount: 2408.59
  • Assessor Parcel Number: 77-4395-07-68-4333
  • County Tax Payment Frequency: Annually

Multi Family

  • Gross Income: 18600.00
  • Income Includes: Apartment Rentals, Professional Offices
  • Operating Expense: 4304.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: GOVERNOR MIFFLIN

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

Closed on
Apr 30, 2018
Sold by
Bought by

Purchase Details

Listed on
Feb 11, 2013
Closed on
Dec 30, 2015
Sold by
Bought by
Seller's Agent
Andy Sollenberger
Kingsway Realty - Ephrata
List Price
$169,900
Sold Price
$146,200
Premium/Discount to List
-$23,700
-13.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,960
Interest Rate
3.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 13, 1996
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$148,000 None Available
$146,200 None Available
-- --
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
Previous Owner $116,960
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 Prior Sale
12/30/2015 12/30/15 Sold $146,200 0.0% $73 / Sq Ft
11/15/2014 11/15/14 Sold $146,200 -13.9% $73 / Sq Ft View Prior Sale
11/15/2013 11/15/13 Pending -- -- --
11/15/2013 11/15/13 Pending -- -- --
02/11/2013 02/11/13 For Sale $169,900 0.0% $84 / Sq Ft
01/22/2013 01/22/13 For Sale $169,900 -- $84 / Sq Ft
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 $1,095 $67,800 $36,800 $31,000
2025 $1,095 $67,800 $36,800 $31,000
2024 $3,091 $67,800 $36,800 $31,000
2023 $3,010 $67,800 $36,800 $31,000
2022 $2,976 $67,800 $36,800 $31,000
2021 $2,942 $67,800 $36,800 $31,000
2020 $2,942 $67,800 $36,800 $31,000
2019 $2,908 $67,800 $36,800 $31,000
2018 $2,875 $67,800 $36,800 $31,000
2017 $2,821 $67,800 $36,800 $31,000
2016 $964 $67,800 $36,800 $31,000
2015 $964 $67,800 $36,800 $31,000
2014 $881 $67,800 $36,800 $31,000
Source: Public Records

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Map

Source: Bright MLS

MLS Number: 1002728211

Bright MLS

APN: 4395-07-68-4333

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