Seller's Agent in 2023
Merlin Weaver
Compass RE
(484) 650-5307
84 Total Sales
400 Spring St Reading, PA 19601
Reading Area
Studio
--
Bath
4,108
Sq Ft
1,742
Sq Ft Lot
Highlights
- 24-Hour Security
- Private Lot
- Multiple Balconies
- City View
- Traditional Architecture
- 4-minute walk to Centre Park
About This Home
As of May 2023Fully rented 4 unit ready for a new owner. First and second floors units are both 1 bedroom apartments but could both be used as two bedrooms. Third floor is a 2 bedroom unit. Garage is currently rented by second floor tenant. Tenants pay electric. One High Efficiency Gas Boiler heat building and domestic hot water. Great income producer!
Last Agent to Sell the Property
(610) 822-3356 kenenochs@compass.com Compass RE Listed on: 04/19/2023
Last Buyer's Agent
(844) 552-7444 datacorrect@brightmls.com Non Subscribing Office License #0225194075
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,282
Year Built
- Built in 1900
Lot Details
- 1,742 Sq Ft Lot
- Private Lot
- Corner Lot
- Property is in very good condition
Parking
- 1 Car Attached Garage
- Side Facing Garage
- Unassigned Parking
Home Design
- Quadruplex
- Traditional Architecture
- Brick Exterior Construction
- Permanent Foundation
- Stone Foundation
- Poured Concrete
- Architectural Shingle Roof
Interior Spaces
- City Views
- Electric Oven or Range
Partially Finished Basement
- Heated Basement
- Walk-Out Basement
- Interior and Side Basement Entry
- Basement Windows
Home Security
- Exterior Cameras
- Surveillance System
- Fire Escape
Outdoor Features
- Multiple Balconies
- Exterior Lighting
- Rain Gutters
Utilities
- Radiator
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Listing and Financial Details
- The owner pays for gas, sewer, trash collection, water, real estate taxes
- Tax Lot 3645
- Assessor Parcel Number 14-5307-50-75-3645
Community Details
Overview
- 4 Units
- 4-Story Building
Building Details
- Income includes apartment rentals
- Insurance Expense $2,400
- Operating Expense $9,500
- Net Operating Income $36,300
Security
- 24-Hour Security
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 19, 2023
Closed on
May 31, 2023
Sold by
Bought by
Seller's Agent
Merlin Weaver
Compass RE
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$380,000
Sold Price
$360,000
Premium/Discount to List
-$20,000
-5.26%
Views
80
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
0.0639%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 28, 2009
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,960
Interest Rate
0.0486%
Mortgage Type
FHA
Purchase Details
Closed on
Feb 28, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
0.0628%
Mortgage Type
Commercial
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Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $360,000 | None Listed On Document | ||
| $148,700 | None Available | ||
| $140,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $270,000 | ||
| Previous Owner | $145,960 | ||
| Previous Owner | $111,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/31/2023 05/31/23 | Sold | $360,000 | 0.0% | $88 / Sq Ft |
| 05/01/2023 05/01/23 | Pending | -- | -- | -- |
| 05/01/2023 05/01/23 | Off Market | $360,000 | -- | -- |
| 04/19/2023 04/19/23 | For Sale | $380,000 | -- | $93 / Sq Ft |
Source: Bright MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $3,546 | $125,600 | $18,000 | $107,600 |
| 2025 | $3,409 | $125,600 | $18,000 | $107,600 |
| 2024 | $5,577 | $125,600 | $18,000 | $107,600 |
| 2023 | $2,282 | $52,200 | $18,000 | $34,200 |
| 2022 | $2,282 | $52,200 | $18,000 | $34,200 |
| 2021 | $2,282 | $52,200 | $18,000 | $34,200 |
| 2020 | $2,259 | $52,200 | $18,000 | $34,200 |
| 2019 | $2,259 | $52,200 | $18,000 | $34,200 |
| 2018 | $2,259 | $52,200 | $18,000 | $34,200 |
| 2017 | $2,244 | $52,200 | $18,000 | $34,200 |
| 2016 | $1,282 | $52,200 | $18,000 | $34,200 |
| 2015 | $1,282 | $52,200 | $18,000 | $34,200 |
| 2014 | $1,180 | $52,200 | $18,000 | $34,200 |
Source: Public Records
Agents Affiliated with this Home
-
Merlin Weaver
-
datacorrect BrightMLS
d
Buyer's Agent in 2023
datacorrect BrightMLS
Non Subscribing Office
Map
Source: Bright MLS
MLS Number: PABK2029008
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