NOT LISTED FOR SALE

3984 Penn Ave Reading, PA 19608

Estimated Value: $357,000 - $1,058,000

-- Bed
-- Bath
-- Sq Ft
0.98 Acres

Last Sold August 14, 2020

Last sale price $810,000

Est. 13% decrease in value since last sale

Current estimated payment $3,983/month

81 Days on Market

Highlights

  • 0.98 Acre Lot
  • Colonial Architecture
  • Electric Baseboard Heater
  • Wilson West Middle School Rated 9+
  • No HOA

About This Home

As of August 2020

Purchased as package only with 3978,3986,3992 Penn Ave. total 17 units. Parking lot in rear. Great opportunity in revitalized Sinking Spring. Total gross income is $128,685.

Last Agent to Sell the Property

Jeffrey Stout

(610) 823-1731 jstout@stoutassociates.com Stout Associates Realtors Listed on: 05/04/2020

Last Buyer's Agent

Matt Wolf

(610) 587-3844 MWolf@remax.net RE/MAX Of Reading License #RS271731

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,256

Year Built

  • Built in 1920

Lot Details

  • 0.98 Acre Lot
  • Property is in good condition

Home Design

  • Duplex
  • Colonial Architecture
  • Frame Construction
  • Shingle Roof
  • Aluminum Siding

Parking

  • Paved Parking
  • Parking Lot

Outdoor Features

  • Exterior Lighting

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • The owner pays for insurance, lawn/shrub care, management, snow removal, real estate taxes
  • Assessor Parcel Number 79-4386-09-15-3812

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $900
  • Gross Income $25,850
  • Net Operating Income $20,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,256

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: ranges
  • New Construction: No
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Unfinished
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Aluminum Siding
  • Exterior Features: Exterior Lighting, Sidewalks, Street Lights
  • Roof: Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway, Paved Parking
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Improvement Assessed Value: 71200.00
  • Land Assessed Value: 53100.00
  • Lot Size Acres: 0.98
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 42688.80
  • Property Condition: Good
  • Zoning: MIXED

Rental Info

  • Existing Lease Type: Month To Month
  • Owner Pays: Insurance, Lawn/Shrub Care, Management, Snow Removal, Taxes - Real Estate
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1566393
  • School Tax: 3264.00
  • Tax Annual Amount: 5256.00
  • Assessor Parcel Number: 79-4386-09-15-3812
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

Multi Family

  • Gross Scheduled Income: 25850.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: WILSON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2020
Closed on
Aug 14, 2020
Sold by
Oskar Properties Llc
Bought by
Blue Jade Llc
Seller's Agent
Jeffrey Stout
Stout Associates Realtors
Buyer's Agent
Matt Wolf
RE/MAX Of Reading
List Price
$889,900
Sold Price
$810,000
Premium/Discount to List
-$79,900
-8.98%
Current Estimated Value
$707,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$102,500
Avg. Annual Appreciation
-2.49%

Purchase Details

Closed on
Jan 31, 2011
Sold by
Oskar Properties Llc
Bought by
Oskar Land Stump Rd Llc

Purchase Details

Closed on
Apr 30, 2010
Sold by
Levandowski John D and Levandowski Paula E
Bought by
Oskar Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.03%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Blue Jade Llc $810,000 Signature Abstract
Oskar Land Stump Rd Llc -- None Available
Oskar Properties Llc $800,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Oskar Properties Llc $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2020 08/14/20 Sold $810,000 0.0% --
07/26/2020 07/26/20 Off Market $810,000 -- --
05/04/2020 05/04/20 For Sale $889,900 -- --
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 $3,177 $178,400 $53,100 $125,300
2024 $8,319 $178,400 $53,100 $125,300
2023 $8,048 $178,400 $53,100 $125,300
2022 $5,467 $124,300 $53,100 $71,200
2021 $5,256 $124,300 $53,100 $71,200
2020 $5,256 $124,300 $53,100 $71,200
2019 $5,177 $124,300 $53,100 $71,200
2018 $5,088 $124,300 $53,100 $71,200
2017 $5,011 $124,300 $53,100 $71,200
2016 $1,790 $124,300 $53,100 $71,200
2015 $1,790 $124,300 $53,100 $71,200
2014 $1,790 $124,300 $53,100 $71,200
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Stout

    Seller's Agent in 2020

    Jeffrey Stout

    Stout Associates Realtors

    (610) 823-1731

    38 Total Sales

    Jeffrey Stout
    Section Image
  • Matt Wolf

    Buyer's Agent in 2020

    Matt Wolf

    RE/MAX of Reading

    (610) 587-3844

    13 in this area

    444 Total Sales

    Matt Wolf
    Section Image
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Map

Source: Bright MLS

MLS Number: PABK357206

Bright MLS

APN: 79-4386-09-15-3812

Pennsylvania Berks County Reading 19608

3984 Penn Ave, Reading, PA

Not Listed for Sale

MultiFamily

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