NOT LISTED FOR SALE

403 S 5th St Reading, PA 19602

Estimated Value: $251,806

-- Bed
-- Bath
-- Sq Ft
4,356 Sq Ft Lot

Last Sold December 12, 2014

Last sale price $135,000

Est. 87% increase in value since last sale

Current estimated payment $1,625/month

301 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Heating System Uses Steam
  • En-Suite Primary Bedroom
  • Baseboard Heating

About This Home

As of December 2014

GREAT cash flow! This property encompasses 403 S 5th, 405 S 5th, 407 S 5th, 505 Bingaman, 507 Bingaman, and 509 Bingaman. There is all separate utilities, and individual electric and gas meters for all units. The tenants pay for their own heat and gas hot water and cooking. Included in the building are 2 commercial units both are used by Barber shop and 7 residential apartments. Five of the units have private entrances.

Last Agent to Sell the Property

Gregory Martire

Springer Realty Group License #RS225353L Listed on: 01/14/2014

Springer Realty Group

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 30x 30
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Stone Foundation

Attic

  • Storage In Attic

Utilities

  • Forced Air Heating System
  • Radiator
  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • 100 Amp Service
  • Electric Water Heater

Additional Features

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

Listing and Financial Details

  • Tax Lot 9920
  • Assessor Parcel Number 01-5306-35-77-9920

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $1,875
  • Insurance Expense $1,685
  • Maintenance Expense $1,200
  • Operating Expense $11,379

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Storage: Basement, Attic
  • Year Built: 1900
  • Remarks Public: GREAT cash flow! This property encompasses 403 S 5th, 405 S 5th, 407 S 5th, 505 Bingaman, 507 Bingaman, and 509 Bingaman. There is all separate utilities, and individual electric and gas meters for all units. The tenants pay for their own heat and gas hot water and cooking. Included in the building are 2 commercial units both are used by Barber shop and 7 residential apartments. Five of the units have private entrances.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Has Laundry
  • Street Number Modifier: 403

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 1875.00
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Gas, Electric, Forced Air, Steam, Radiator, Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 2489.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: READING
  • School District Key: 300200397169

Lot Info

  • Improvement Assessed Value: 74000.00
  • Land Assessed Value: 29300.00
  • Land Use Code: 4124
  • Lot Size Acres: 0.10
  • Lot Dimensions: 30X 30
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4356.00
  • Property Condition: Good
  • Zoning: MULTI

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 36250.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7,Unit 9

Tax Info

  • Assessor Parcel Number: 1440126
  • Tax Annual Amount: 4181.00
  • Assessor Parcel Number: 01-5306-35-77-9920
  • Tax Lot: 9920
  • Tax Year: 2014
  • Close Date: 12/12/2014

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2024
Sold by
Ac Real Estate Holdings Llc
Bought by
Blb Properties One Llc
Current Estimated Value
$251,806

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$683,000
Interest Rate
7.02%
Mortgage Type
Construction

Purchase Details

Listed on
Jan 14, 2014
Closed on
Dec 12, 2014
Sold by
Tone Loc Properties Llc
Bought by
A C Real Estate Holdings Llc
Seller's Agent
Gregory Martire
Springer Realty Group
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$249,900
Sold Price
$135,000
Premium/Discount to List
-$114,900
-45.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.06%

Purchase Details

Closed on
Jun 1, 2005
Sold by
Dietrich Maureen H
Bought by
Dietrich Bryan R
Source: Public Records

Range of Values:

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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
Blb Properties One Llc $675,000 Stewart Title
A C Real Estate Holdings Llc $135,000 None Available
Dietrich Bryan R -- Conestoga Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blb Properties One Llc $762,000
Closed Blb Properties One Llc $683,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2014 12/12/14 Sold $135,000 -46.0% --
11/11/2014 11/11/14 Pending -- -- --
01/14/2014 01/14/14 For Sale $249,900 -- --
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 $2,804 $103,300 $29,300 $74,000
2024 $4,587 $103,300 $29,300 $74,000
2023 $4,516 $103,300 $29,300 $74,000
2022 $4,516 $103,300 $29,300 $74,000
2021 $4,516 $103,300 $29,300 $74,000
2020 $4,470 $103,300 $29,300 $74,000
2019 $4,470 $103,300 $29,300 $74,000
2018 $4,470 $103,300 $29,300 $74,000
2017 $4,441 $103,300 $29,300 $74,000
2016 $1,852 $103,300 $29,300 $74,000
2015 $2,537 $103,300 $29,300 $74,000
2014 $2,335 $103,300 $29,300 $74,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002780930

Bright MLS

APN: 01-5306-35-77-9920