NOT LISTED FOR SALE

3926 Penn Ave Reading, PA 19608

Studio
-- Bath
4,067 Sq Ft
6,098 Sq Ft Lot

Last Sold August 21, 2013

Last sale price $270,000 $66 Per Sq Ft

7 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Laundry Facilities
  • Wilson West Middle School Rated 9+
  • Hot Water Heating System
  • Replacement Windows

About This Home

As of August 2013

This architecturally appealing property is a rare opportunity to own an income generating 6-unit Victorian style apartment building in Sinking Spring Borough. This stately solid brick building has 5-one Br & 1-two Br apts, w/private entrances and/or balconies & secure lobby. This property also offers a coin-op laundry room, owner's workshop/utility room, storage areas & large private parking lot that fits 8+ cars. Replacement windows throughout, rebuilt cupola on roof, interior & exterior have been repainted & several units have been remodeled & updated. Good mechanicals & solid masonry. Safely located in desirable Wilson School District w/low taxes on main route w/high visibility & traffic count. Walking distance to stores, schools, public trans, police station, public library & close to all major highways & cities. Prop shows very well and rents easily.

Last Agent to Sell the Property

Robert Kearney

(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading Listed on: 07/05/2013

RE/MAX Of Reading

Last Buyer's Agent

Earl Shumaker

earlshus@aol.com BHHS Homesale Realty- Reading Berks License #TREND:022878

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,249

Year Built

  • Built in 1910

Lot Details

  • 6,098 Sq Ft Lot
  • Property is in good condition

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Pitched Roof
  • Shingle Roof
  • Metal Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,067 Sq Ft Home
  • Replacement Windows

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick
  • Vinyl

Finished Basement

  • Partial Basement
  • Basement Storage

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Lot

Schools

  • Wilson High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • 200+ Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 8953
  • Assessor Parcel Number 79-4386-09-15-8953

Community Details

Building Details

  • Income includes laundry
  • Electric Expense $200
  • Insurance Expense $1,200
  • Operating Expense $16,049

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,249

Year Built

Built in 1910

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Inclusions: Washer, Dryer
  • New Construction: No
  • Storage: Basement
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Vinyl, Tile/Brick
  • Window Features: Replacement
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone, Concrete Perimeter
  • Room List: Master Bedroom
  • Basement: Yes
  • Basement Type: Partial, Unfinished, Fully Finished
  • Laundry Type: Common, Has Laundry
  • Total Sq Ft: 4067
  • Living Area Sq Ft: 4067
  • Price Per Sq Ft: 76.22
  • Above Grade Finished Sq Ft: 4067
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Wood Siding, Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched, Shingle, Metal
  • 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: 8
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Parking Lot

Utilities

  • Annual Heating Expense: 4800.00
  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Electric Expense: 200.00
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • 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

  • High School: WILSON

Lot Info

  • Improvement Assessed Value: 126000.00
  • Land Assessed Value: 41300.00
  • Lot Size Acres: 0.14
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6098.00
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 44000.00
  • Income Includes: Laundry
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

Tax Info

  • Assessor Parcel Number: 1566423
  • Tax Annual Amount: 6249.00
  • Assessor Parcel Number: 79-4386-09-15-8953
  • Tax Lot: 8953
  • Tax Year: 2013
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2013 08/21/13 Sold $270,000 -12.9% $66 / Sq Ft
07/12/2013 07/12/13 Pending -- -- --
07/05/2013 07/05/13 For Sale $310,000 -- $76 / 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 $2,979 $167,300 $41,300 $126,000
2024 $7,801 $167,300 $41,300 $126,000
2023 $7,547 $167,300 $41,300 $126,000
2022 $7,358 $167,300 $41,300 $126,000
2021 $7,075 $167,300 $41,300 $126,000
2020 $7,075 $167,300 $41,300 $126,000
2019 $6,968 $167,300 $41,300 $126,000
2018 $6,849 $167,300 $41,300 $126,000
2017 $6,744 $167,300 $41,300 $126,000
2016 $2,409 $167,300 $41,300 $126,000
2015 $2,409 $167,300 $41,300 $126,000
2014 $2,409 $167,300 $41,300 $126,000
Source: Public Records

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Map

Source: Bright MLS

MLS Number: 1003513332

Bright MLS
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