NOT LISTED FOR SALE

400 S 7th St Reading, PA 19602

-- Bed
-- Bath
3,500 Sq Ft
2,178 Sq Ft Lot

Last Sold November 19, 2018

Last sale price $15,000 $4 Per Sq Ft

19 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Home Security System
  • No HOA
  • Oversized Parking
  • En-Suite Primary Bedroom

About This Home

As of November 2018

Former Frank's Place Bar. Very large building comprised of 2 units. Unit 1 is the 1st floor and was formerly a bar/restaurant and has 2 large rooms - 45x18 x 19x12, a 17x13 kitchen complete with stainless steel equipment. 2 men & women powder rooms. No liquor license being sold just the real estate. Unit 2 is the 2nd & 3rd floors and has 7 BRS with a large side porch & rear balcony. There is also a large detached 2 car garage that is rented separately. All gas building. this property is in need of m ajor repair and complete rehab! Being sold AS IS, WHERE IS. Cash Sales only!!

Last Agent to Sell the Property

Jose Candelaria

RE/MAX Of Reading License #RS193774L Listed on: 10/19/2018

RE/MAX Of Reading

Last Buyer's Agent

Jose Candelaria

RE/MAX Of Reading License #RS193774L Listed on: 10/19/2018

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 2,178

Parking

  • 2 Car Detached Garage
  • Oversized Parking
  • On-Street Parking

Home Design

  • 3,500 Sq Ft Home
  • Duplex
  • Stone Foundation
  • Pitched Roof
  • Stucco

Flooring

  • Wood
  • Tile or Brick
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Schools

  • Reading Senior High School

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Gas
  • Hot Water Heating System
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • En-Suite Primary Bedroom
  • 2,178 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 8943
  • Assessor Parcel Number 02-5306-36-87-8943

Community Details

Overview

  • No Home Owners Association
  • Reading Subdivision

Building Details

  • Operating Expense $1,796

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Exclusions: Anything Not Listed As Remaining.
  • Inclusions: All Stainless Steel Kitchen Equipment
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: Former Frank's Place Bar. Very large building comprised of 2 units. Unit 1 is the 1st floor and was formerly a bar/restaurant and has 2 large rooms - 45x18 x 19x12, a 17x13 kitchen complete with stainless steel equipment. 2 men & women powder rooms. No liquor license being sold just the real estate. Unit 2 is the 2nd & 3rd floors and has 7 BRS with a large side porch & rear balcony. There is also a large detached 2 car garage that is rented separately. All gas building. this property is in need of m ajor repair and complete rehab! Being sold AS IS, WHERE IS. Cash Sales only!!
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Vinyl, Tile/Brick
  • Interior Amenities: Store/Office
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Total Sq Ft: 3500
  • Living Area Sq Ft: 3500
  • Price Per Sq Ft: 11.40
  • Above Grade Finished Sq Ft: 3500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 400

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stucco
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Street
  • Garage Features: Oversized
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: On Street, Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Wall Unit
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • 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

  • Improvement Assessed Value: 30500.00
  • Land Assessed Value: 11000.00
  • Lot Size Acres: 0.05
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Zoning: R3

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2
  • Single Room Units Count: 1

Tax Info

  • Assessor Parcel Number: 1440687
  • Tax Annual Amount: 1796.00
  • Assessor Parcel Number: 02-5306-36-87-8943
  • Tax Lot: 8943
  • Tax Year: 2018
  • Close Date: 11/19/2018

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2018
Closed on
Nov 19, 2018
Sold by
Sobotka David and Estate Of Marvis Leaf
Bought by
K Property Llc
Seller's Agent
Jose Candelaria
RE/MAX Of Reading
Buyer's Agent
Jose Candelaria
RE/MAX Of Reading
List Price
$39,900
Sold Price
$15,000
Premium/Discount to List
-$24,900
-62.41%
Total Days on Market
19
Source: Public Records

Range of Values:

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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
K Property Llc $15,000 Conestoga Title Company
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2018 11/19/18 Sold $15,000 0.0% $4 / Sq Ft
11/07/2018 11/07/18 Pending -- -- --
10/26/2018 10/26/18 Off Market $15,000 -- --
10/19/2018 10/19/18 For Sale $39,900 -- $11 / 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 $1,126 $41,500 $11,000 $30,500
2024 $1,843 $41,500 $11,000 $30,500
2023 $1,814 $41,500 $11,000 $30,500
2022 $1,814 $41,500 $11,000 $30,500
2021 $1,814 $41,500 $11,000 $30,500
2020 $1,796 $41,500 $11,000 $30,500
2019 $1,796 $41,500 $11,000 $30,500
2018 $1,796 $41,500 $11,000 $30,500
2017 $1,784 $41,500 $11,000 $30,500
2016 $1,019 $41,500 $11,000 $30,500
2015 $1,019 $41,500 $11,000 $30,500
2014 $938 $41,500 $11,000 $30,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1010004494

Bright MLS

APN: 02-5306-36-87-8943