NOT LISTED FOR SALE

Estimated Value: $393,466

Studio
-- Bath
5,600 Sq Ft
$70/Sq Ft Est. Value

Last Sold March 31, 2015

Last sale price $200,000 $36 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $2,254/month

290 Days on Market

Highlights

  • 0.13 Acre Lot
  • Security Gate
  • Hot Water Heating System
  • No HOA
  • Central Air
  • Wall to Wall Carpet

About This Home

As of March 2015

Great 7 unit on Penn St. New gas boiler installed Oct. 14. Commercial space, approximately 2500 square feet. Currently occupied. Building includes 6 large 1 bedroom apartments, large stairwell for easy access for tenants. Public transportation available right out front. Within walking distance to drug store, eating establishments, city offices, etc. Great investment property to add to your portfolio. Apartments include range and refrigerator in each unit.

Last Agent to Sell the Property

Michael Yourkavitch

(610) 373-9900 j5sd@aol.com Coldwell Banker Realty Listed on: 05/16/2014

Coldwell Banker Realty

Co-Listed By

Brad Weisman

(610) 898-1441 frontdesk1110@kw.com Keller Williams Platinum Realty - Wyomissing License #AB069629

Last Buyer's Agent

datacorrect BrightMLS

(844) 552-7444 datacorrect@brightmls.com Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,691

Year Built

  • Built in 1901

Lot Details

  • 5,663 Sq Ft Lot
  • Property is in good condition

Parking

  • 5 Open Parking Spaces

Home Design

  • Brick Exterior Construction

Flooring

  • Wall to Wall Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Schools

  • Reading Senior High School

Utilities

  • Central Air
  • Radiator
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • 200+ Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 2003
  • Assessor Parcel Number 05-5307-82-70-2003

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $673
  • Insurance Expense $2,354
  • Maintenance Expense $2,000
  • Other Expense $1,500
  • Operating Expense $19,532

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,691

Year Built

Built in 1901

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Personal Property On Tenants
  • Inclusions: 6 Refrigerators, 6 Stoves
  • New Construction: No
  • Other Expense: 1500.00
  • Storage: Basement
  • Year Built: 1901
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Fireplace: No
  • Entry Location: Private
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 5

Utilities

  • Annual Heating Expense: 6554.00
  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Electric Expense: 673.00
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security Gate
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 2760.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: READING SENIOR

Lot Info

  • Lot Size Acres: 0.13
  • Lot Dimensions: SEE LEGAL DESCRIP
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5663.00
  • Property Condition: Good
  • Zoning: MIXED

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 52200.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7

Tax Info

  • Tax Annual Amount: 3691.00
  • Assessor Parcel Number: 05-5307-82-70-2003
  • Tax Lot: 2003
  • Tax Year: 2015

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2014
Closed on
Mar 30, 2015
Sold by
Weisman Bradley S
Bought by
Burkhardt Jeffrey F
Seller's Agent
Michael Yourkavitch
Coldwell Banker Realty
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$194,900
Sold Price
$200,000
Premium/Discount to List
$5,100
2.62%
Current Estimated Value
$393,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,466
Avg. Annual Appreciation
6.42%
Original Mortgage
$153,750
Outstanding Balance
$118,403
Interest Rate
3.75%
Mortgage Type
Commercial
Estimated Equity
$277,265

Purchase Details

Closed on
Dec 9, 1999
Bought by
Weisman Bradley S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Burkhardt Jeffrey F $200,000 None Available
Weisman Bradley S $252,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burkhardt Jeffrey F $153,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2015 03/31/15 Sold $200,000 +2.6% $36 / Sq Ft
03/02/2015 03/02/15 Pending -- -- --
05/16/2014 05/16/14 For Sale $194,900 -- $35 / Sq Ft
Source: Bright MLS

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 $2,475 $91,200 $39,000 $52,200
2024 $4,050 $91,200 $39,000 $52,200
2023 $3,987 $91,200 $39,000 $52,200
2022 $3,987 $91,200 $39,000 $52,200
2021 $3,987 $91,200 $39,000 $52,200
2020 $3,947 $91,200 $39,000 $52,200
2019 $3,947 $91,200 $39,000 $52,200
2018 $3,947 $91,200 $39,000 $52,200
2017 $3,921 $91,200 $39,000 $52,200
2016 $2,240 $91,200 $39,000 $52,200
2015 $2,240 $91,200 $39,000 $52,200
2014 -- $91,200 $39,000 $52,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002944668

Bright MLS

APN: 05-5307-82-70-2003

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