NOT LISTED FOR SALE

400 Chestnut St West Reading, PA 19611

Estimated Value: $503,148

-- Bed
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Last Sold December 16, 2016

Last sale price $210,000

Est. 140% increase in value since last sale

Current estimated payment $2,851/month

Highlights

  • Wood Flooring
  • No HOA
  • En-Suite Primary Bedroom
  • West Reading Elementary Center Rated A-
  • Summer or Winter Changeover Switch For Hot Water
  • Hot Water Heating System

About This Home

As of December 2016

High profile investment property in West Reading. Located on the corner of 4th and Chestnut, directly across from the West Reading Elementary School. 6 units total. Two are commercial/retail and 4 are one bedroom apartments. Extensive exterior work done as a result of the hail storm ( Over $26,000 worth). Newer heating system. Great opportunity to invest in West Reading, this property is located near the Reading Hospital and Medical Center campus. Listing agents must set up and accompany all showings. 400 Chestnut

Last Agent to Sell the Property

Randy Weidner

(610) 780-7426 RWeidner@GoBerksCounty.com RE/MAX Of Reading License #RS-196634-L Listed on: 07/06/2016

RE/MAX Of Reading

Co-Listed By

BARRY CIABATTONI

BarryC1@ptd.net RE/MAX Of Reading License #RS191095L

Last Buyer's Agent

Marilyn Ribeiro

(610) 207-9500 marilynribeiro@comcast.net Network Realty License #RM420266

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,387

Year Built

  • Built in 1916

Lot Details

  • 2,614 Sq Ft Lot
  • North Facing Home
  • Property is in good condition

Parking

  • 1 Open Parking Space

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Vinyl Siding

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Heating System Uses Oil
  • Hot Water Heating System
  • 200+ Amp Service
  • Summer or Winter Changeover Switch For Hot Water

Additional Features

  • En-Suite Primary Bedroom
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Tax Lot 7394
  • Assessor Parcel Number 93-5306-06-29-7394

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $407
  • Insurance Expense $2,041
  • Maintenance Expense $2,086
  • Other Expense $2,110
  • Operating Expense $18,462

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,387

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Exclusions: All Tenant Personal Items,Furniture, Etc.
  • Inclusions: 4 Ref's.,4 Ranges, Sinks In Commercial Units
  • New Construction: No
  • Other Expense: 2110.00
  • Storage: Basement
  • Year Built: 1916
  • Remarks Public: High profile investment property in West Reading. Located on the corner of 4th and Chestnut, directly across from the West Reading Elementary School. 6 units total. Two are commercial/retail and 4 are one bedroom apartments. Extensive exterior work done as a result of the hail storm ( Over $26,000 worth). Newer heating system. Great opportunity to invest in West Reading, this property is located near the Reading Hospital and Medical Center campus. Listing agents must set up and accompany all showings. 400 Chestnut
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Vinyl
  • Interior Amenities: Store/Office
  • Fireplace: No
  • Entry Location: Private
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Street Number Modifier: 400

Exterior Features

  • Construction Materials: Vinyl Siding, Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat
  • 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: 1

Utilities

  • Annual Heating Expense: 3600.00
  • Central Air Conditioning: No
  • Electric Expense: 407.00
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Oil
  • Heating Type: Oil, Hot Water
  • Heating: Yes
  • Hot Water: S/W Changeover
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 3859.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: WYOMISSING AREA
  • School District Key: 300200397308

Lot Info

  • Improvement Assessed Value: 74600.00
  • Land Assessed Value: 22800.00
  • Lot Size Acres: 0.06
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2614.00
  • Property Condition: Good
  • Zoning: R-3

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 38400.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
  • Single Room Units Count: 2

Tax Info

  • Assessor Parcel Number: 1587778
  • Tax Annual Amount: 4387.00
  • Assessor Parcel Number: 93-5306-06-29-7394
  • Tax Lot: 7394
  • Tax Year: 2016
  • Close Date: 12/16/2016

MLS Schools

  • School District Name: WYOMISSING AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2016
Closed on
Dec 16, 2016
Sold by
Ferrandino Nancy L and Ferrandino Franco D
Bought by
Levering James C
Seller's Agent
Randy Weidner
RE/MAX Of Reading
Buyer's Agent
Marilyn Ribeiro
Network Realty
List Price
$222,500
Sold Price
$210,000
Premium/Discount to List
-$12,500
-5.62%
Current Estimated Value
$503,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$293,148
Avg. Annual Appreciation
10.44%
Original Mortgage
$157,500
Outstanding Balance
$128,800
Interest Rate
3.94%
Mortgage Type
Commercial
Estimated Equity
$374,348

Purchase Details

Closed on
Mar 15, 1971
Bought by
Ferrandino Franco D and Ferrandino Nancy L
Source: Public Records

Range of Values:

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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
Levering James C $210,000 None Available
Ferrandino Franco D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Levering James C $157,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2016 12/16/16 Sold $210,000 -5.6% --
10/26/2016 10/26/16 Pending -- -- --
07/06/2016 07/06/16 For Sale $222,500 -- --
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 $2,203 $97,400 $22,800 $74,600
2024 $5,383 $97,400 $22,800 $74,600
2023 $3,573 $97,400 $22,800 $74,600
2022 $4,997 $97,400 $22,800 $74,600
2021 $4,910 $97,400 $22,800 $74,600
2020 $4,767 $97,400 $22,800 $74,600
2019 $4,668 $97,400 $22,800 $74,600
2018 $4,536 $97,400 $22,800 $74,600
2017 $4,435 $97,400 $22,800 $74,600
2016 $1,429 $97,400 $22,800 $74,600
2015 $1,429 $97,400 $22,800 $74,600
2014 $1,381 $97,400 $22,800 $74,600
Source: Public Records

Agents Affiliated with this Home

  • Randy Weidner

    Seller's Agent in 2016

    Randy Weidner

    RE/MAX of Reading

    (610) 780-7426

    1 in this area

    85 Total Sales

    Randy Weidner
    Section Image
  • BARRY CIABATTONI

    Seller Co-Listing Agent in 2016

    BARRY CIABATTONI

    RE/MAX of Reading

    1 in this area

    46 Total Sales

    BARRY CIABATTONI
    Section Image

  • M

    Buyer's Agent in 2016

    Marilyn Ribeiro

    Network Realty

    (610) 207-9500

    12 Total Sales

    Marilyn Ribeiro
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003896085

Bright MLS

APN: 93-5306-06-29-7394

Pennsylvania Berks County West Reading 19611

400 Chestnut St, West Reading, PA

This home is located at 400 Chestnut St, West Reading, PA 19611 since 06 July 2016 and is currently estimated at $503,148. This property was built in 1916. 400 Chestnut St is a home located in Berks County with nearby schools including West Reading Elementary Center, Wyomissing Hills Elementary Center, and Wyomissing Area Junior-Senior High School.

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