NOT LISTED FOR SALE

321 Summit St Reading, PA 19611

Studio
4 Baths
3,528 Sq Ft
0.29 Acre Lot

Sale Details

Date Sold: March 24, 2021

Last sale price $426,000 $121 Per Sq Ft

75 Days on Market

Highlights

  • 0.29 Acre Lot
  • Traditional Architecture
  • Main Floor Bedroom
  • West Reading Elementary Center Rated A-
  • Wood Flooring
  • 1 Fireplace

About This Home

As of March 2021

Fantastic opportunity to own a rare extremely well kept quadruplex with a detached 4 car garage in West Reading. All 4 units are fully occupied with long term tenants. The interior is very unique.. Perfect for an investor looking for rental units outside of the city OR a buyer who wants to live in one unit and rent out the other 3 apartments. The rents are $1550, $650, $700 and $900. Well Cared for Solid Building with all mechanicals in good order. Schedule your showing today!

Last Agent to Sell the Property

Jimmy Thelusca

(610) 985-7700 crstringer@msn.com Pagoda Realty ERA Powered License #RS333622 Listed on: 10/27/2020

Pagoda Realty ERA Powered

Last Buyer's Agent

Jimmy Thelusca

(610) 985-7700 crstringer@msn.com Pagoda Realty ERA Powered License #RS333622 Listed on: 10/27/2020

Pagoda Realty ERA Powered

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,295

Year Built

  • Built in 1935

Lot Details

  • 12,632 Sq Ft Lot
  • Back, Front, and Side Yard

Parking

  • 4 Car Detached Garage
  • 8 Driveway Spaces
  • Public Parking
  • Rear-Facing Garage
  • On-Street Parking

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • Main Floor Bedroom
  • 3,528 Sq Ft Home
  • Ceiling Fan
  • 1 Fireplace
  • Dining Area

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Stove
  • Microwave

Flooring

  • Wood
  • Carpet
  • Tile or Brick
  • Ceramic Tile
  • Vinyl

Basement

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

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Natural Gas
  • 120/240V
  • 60 Gallon+ Natural Gas Water Heater
  • Public Septic

Listing and Financial Details

  • The owner pays for electricity, heat, gas, insurance, pest control, repairs, reserves for replacement, sewer, personal property taxes, real estate taxes, trash collection, water
  • Tax Lot 1768
  • Assessor Parcel Number 93-5307-18-30-1768

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • Income includes apartment rentals, shop rentals
  • Insurance Expense $1,188
  • Operating Expense $14,184
  • Net Operating Income $36,216

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,295

Year Built

Built in 1935

Lot Details

0.29 Acres

Parking

4

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1935
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Appliances: Microwave, Stove
  • Flooring Type: Carpet, Ceramic Tile, Hardwood, Tile/Brick, Vinyl
  • Interior Amenities: Breakfast Area, Carpet, Ceiling Fan(s), Dining Area, Entry Level Bedroom, Kitchen - Eat-In
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Basement: Yes
  • Basement Type: Full, Outside Entrance
  • Total Sq Ft: 3528
  • Living Area Sq Ft: 3528
  • Price Per Sq Ft: 141.72
  • Above Grade Finished Sq Ft: 3528
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Brick
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Parking Features: Concrete Driveway, Public
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 4
  • Total Garage And Parking Spaces: 12
  • Type Of Parking: Detached Garage, Driveway, On Street
  • Number of Spaces in Driveway: 8

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Central A/C, Wall Unit, Window Unit(s)
  • Previous Twelve Months Electric Expense: 2640.00
  • Electric Service: 120/240V
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank, Natural Gas
  • Sewer/Septic System: Public Sewer, Public Septic
  • Water Previous Twelve Months: 12000.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Features: Front Yard, Rear Yard, Sideyard(s)
  • Lot Size Acres: 0.29
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12632.00
  • Zoning: RES

Rental Info

  • Existing Lease Type: Month To Month
  • Owner Pays: Electricity, Heat, Gas, Insurance, Pest Control, Repairs, Reserves For Replacement, Sewer, Taxes - Personal Property, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: Yes
  • Total Actual Rent: 50400.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 4617.00
  • Tax Annual Amount: 7295.00
  • Assessor Parcel Number: 93-5307-18-30-1768
  • Tax Lot: 1768
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

Multi Family

  • Income Includes: Apartment Rentals, Shop Rentals
  • Operating Expense: 14184.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: WYOMISSING AREA
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$426,000 Stewart Abstract
$260,000 Conestoga Title Company
-- None Available
-- Genuine Title Llc
-- Genuine Title Llc
$175,000 --
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
Closed $340,800
Closed $208,000
Closed $181,800
Closed $130,000
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
03/24/2021 03/24/21 Sold $426,000 -14.8% $121 / Sq Ft
01/10/2021 01/10/21 Pending -- -- --
10/27/2020 10/27/20 For Sale $500,000 -- $142 / 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 $3,475 $147,800 $24,600 $123,200
2025 $3,342 $147,800 $24,600 $123,200
2024 $8,169 $147,800 $24,600 $123,200
2023 $5,422 $147,800 $24,600 $123,200
2022 $7,423 $144,700 $24,600 $120,100
2021 $7,295 $144,700 $24,600 $120,100
2020 $7,082 $144,700 $24,600 $120,100
2019 $6,935 $144,700 $24,600 $120,100
2018 $6,739 $144,700 $24,600 $120,100
2017 $6,589 $144,700 $24,600 $120,100
2016 $2,123 $144,700 $24,600 $120,100
2015 $2,123 $144,700 $24,600 $120,100
2014 $2,052 $144,700 $24,600 $120,100
Source: Public Records

Agents Affiliated with this Home

  • Jimmy Thelusca

    Seller's Agent in 2021

    Jimmy Thelusca

    Pagoda Realty ERA Powered

    (973) 666-1188

    132 Total Sales

    Jimmy Thelusca
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Map

Source: Bright MLS

MLS Number: PABK366312

Bright MLS

APN: 5307-18-30-1768

Pennsylvania Berks County Reading 19611

321 Summit St, Reading, PA

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