NOT LISTED FOR SALE

Estimated Value: $114,000 - $203,000

-- Bed
2 Baths
1,943 Sq Ft
$83/Sq Ft Est. Value

Last Sold August 11, 2017

Last sale price $75,000 $39 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $1,010/month

85 Days on Market

Highlights

  • 0.08 Acre Lot
  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • No HOA
  • En-Suite Primary Bedroom
  • 1-minute walk to City Park

About This Home

As of August 2017

A rare, well maintained, single detached home with 2 rental units is now available across from City Park! Located in the Penn's Common Historic District, this property is close to vibrant, downtown events held at the Santander Center, Hilton DoubleTree Hotel, Performing Arts Center, Genesius Theatre, and more. This property is only block away from Penn Street, the main street in Reading. City Park is just across the street and offers peaceful locations to sit and read a book, listen to concerts at the Bandshell in the summer, play a game of basketball or tennis, or take your little ones to the newer, colorful playground. Having a large covered front porch overlooking the park, and a second fl. Porch overlooking downtown, is a real plus, in an urban environment. This home also has a backyard which can be shared by both tenants. The inside of this home has many upgrades including a new gas boiler in 2011, newly painted units in 2015-2016, newer carpeting and laminate floors and newer washers(2) and dryers(2). The metal roof, gutters and downspouts on the home are also new 2015 due to hail storm. Other parts of the roof like porch are rubber and done in 2016. The units themselves are charming and filled with sunlight from the many windows. There is a lot of stained glass throughout the units. Both units have large eat-in remodeled kitchens, spacious LR's and BR's. Both units have private entrances and access to the basement where the laundry is located. Tenants pay electric(sep. meters), hot water(sep. hot water heaters), cooking, renters insurance, phone & cable. Landlord pays for gas heat, water/sewer, trash/recycling. This is a property where the 1st floor tenant is moving out at the end of June 2017, making it ideal for an owner-occupant opportunity. However, for investors it allows new owner to choose another tenant & increase the rent to suit your needs. Come see this charming home soon, it will not last!

Last Listed By

Judith Ciervo

BHHS Homesale Realty- Reading Berks Listed on: 04/26/2017

BHHS Homesale Realty- Reading Berks

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 3,485 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Stone Foundation
  • Pitched Roof
  • Metal Roof
  • Stucco

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,943 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Vinyl

Schools

  • Reading Senior High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Gas
  • Hot Water Heating System
  • 100 Amp Service

Community Details

  • No Home Owners Association
  • Laundry Facilities
  • Operating Expense $2,197

Listing and Financial Details

  • Tax Lot 0621
  • Assessor Parcel Number 08-5317-77-10-0621

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Storage: Basement
  • Year Built: 1900
  • Remarks Public: A rare, well maintained, single detached home with 2 rental units is now available across from City Park! Located in the Penn's Common Historic District, this property is close to vibrant, downtown events held at the Santander Center, Hilton DoubleTree Hotel, Performing Arts Center, Genesius Theatre, and more. This property is only block away from Penn Street, the main street in Reading. City Park is just across the street and offers peaceful locations to sit and read a book, listen to concerts at the Bandshell in the summer, play a game of basketball or tennis, or take your little ones to the newer, colorful playground. Having a large covered front porch overlooking the park, and a second fl. Porch overlooking downtown, is a real plus, in an urban environment. This home also has a backyard which can be shared by both tenants. The inside of this home has many upgrades including a new gas boiler in 2011, newly painted units in 2015-2016, newer carpeting and laminate floors and newer washers(2) and dryers(2). The metal roof, gutters and downspouts on the home are also new 2015 due to hail storm. Other parts of the roof like porch are rubber and done in 2016. The units themselves are charming and filled with sunlight from the many windows. There is a lot of stained glass throughout the units. Both units have large eat-in remodeled kitchens, spacious LR's and BR's. Both units have private entrances and access to the basement where the laundry is located. Tenants pay electric(sep. meters), hot water(sep. hot water heaters), cooking, renters insurance, phone & cable. Landlord pays for gas heat, water/sewer, trash/recycling. This is a property where the 1st floor tenant is moving out at the end of June 2017, making it ideal for an owner-occupant opportunity. However, for investors it allows new owner to choose another tenant & increase the rent to suit your needs. Come see this charming home soon, it will not last!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Fireplace: No
  • Entry Location: Private
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Common, Has Laundry
  • Total Sq Ft: 1943
  • Living Area Sq Ft: 1943
  • Price Per Sq Ft: 43.70
  • Above Grade Finished Sq Ft: 1943
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 34

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stucco
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched, Metal
  • 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
  • Cooling Type: Wall Unit
  • Cooling: Yes
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water, Radiator
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: READING
  • High School: READING SENIOR
  • School District Key: 300200397169
  • High School: READING SENIOR

Lot Info

  • Land Use Code: 115
  • Lot Size Acres: 0.08
  • Lot Dimensions: .
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3485.00
  • Property Condition: Good
  • Zoning: .

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Tax Annual Amount: 2197.00
  • Assessor Parcel Number: 08-5317-77-10-0621
  • Tax Lot: 0621
  • Tax Year: 2017
  • Close Date: 08/11/2017

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2017
Closed on
Aug 11, 2017
Sold by
Floto Edmond S
Bought by
Zintak Properties Llc
Seller's Agent
Judith Ciervo
BHHS Homesale Realty- Reading Berks
Buyer's Agent
Wanita Shorts
RE/MAX Of Reading
List Price
$94,900
Sold Price
$75,000
Premium/Discount to List
-$19,900
-20.97%
Total Days on Market
85
Current Estimated Value
$160,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,522
Avg. Annual Appreciation
8.21%

Purchase Details

Closed on
Oct 11, 2001
Sold by
Floto Edmond G and Floto Annetta M
Bought by
Floto Edmond G

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
Zintak Properties Llc $75,000 None Available
Floto Edmond G -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2017 08/11/17 Sold $75,000 -11.7% $39 / Sq Ft
07/20/2017 07/20/17 Pending -- -- --
06/23/2017 06/23/17 Price Changed $84,900 -10.5% $44 / Sq Ft
04/26/2017 04/26/17 For Sale $94,900 -- $49 / 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 $1,387 $51,100 $10,900 $40,200
2024 $2,269 $51,100 $10,900 $40,200
2023 $2,234 $51,100 $10,900 $40,200
2022 $2,234 $51,100 $10,900 $40,200
2021 $2,234 $51,100 $10,900 $40,200
2020 $2,211 $51,100 $10,900 $40,200
2019 $2,211 $51,100 $10,900 $40,200
2018 $2,211 $51,100 $10,900 $40,200
2017 $2,197 $51,100 $10,900 $40,200
2016 $1,255 $51,100 $10,900 $40,200
2015 $1,255 $51,100 $10,900 $40,200
2014 $1,155 $51,100 $10,900 $40,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003263729

Bright MLS

APN: 08-5317-77-10-0621