NOT LISTED FOR SALE

4046 Penn Ave Reading, PA 19608

Estimated Value: $349,000 - $388,000

-- Bed
-- Bath
2,000 Sq Ft
$181/Sq Ft Est. Value

Last Sold September 09, 2022

Last sale price $300,000 $150 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,063/month

Highlights

  • Traditional Architecture
  • Hot Water Baseboard Heater
  • 4-minute walk to Sinking Spring Playground
  • Wilson West Middle School Rated 9+

About This Home

As of September 2022

This conveniently located 4 unit apartment has much wanted off street tenant parking for 5 cars in the rear of the property. All units are currently rented and there is a first floor coin operated laundry on the first floor front for the tenants. The square footage of the building is estimated as well as the age and is not guaranteed.

Last Agent to Sell the Property

Linda Strain

(610) 780-0033 lstrain@GoBerksCounty.com RE/MAX Of Reading License #RS141501A Listed on: 06/28/2022

RE/MAX Of Reading

Last Buyer's Agent

Chris Kostzewa

(610) 823-7613 ckostzewa@goberkscounty.com RE/MAX Of Reading

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,941

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot

Home Design

  • 2,000 Sq Ft Home
  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation

Parking

  • 5 Parking Spaces
  • 5 Off-Street Spaces

Utilities

  • Hot Water Baseboard Heater
  • Natural Gas Water Heater

Community Details

  • 4 Units
  • Net Operating Income $9,245

Listing and Financial Details

  • The owner pays for insurance, gas, water, trash collection, sewer
  • Tax Lot 5888
  • Assessor Parcel Number 79-4386-09-05-5888

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,941

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Tenants personal property
  • Inclusions: All appliances and coin operated washer & dryer.
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: This conveniently located 4 unit apartment has much wanted off street tenant parking for 5 cars in the rear of the property. All units are currently rented and there is a first floor coin operated laundry on the first floor front for the tenants. The square footage of the building is estimated as well as the age and is not guaranteed.
  • Special Features: None

Interior Features

  • Foundation Details: Stone
  • Total Sq Ft: 2000
  • Living Area Sq Ft: 2000
  • Price Per Sq Ft: 149.95
  • Above Grade Finished Sq Ft: 2000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4046

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 5

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: WILSON
  • School District Key: 300200397305
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 54200.00
  • Land Assessed Value: 35400.00
  • Land Use Code: 4116
  • Lot Size Acres: 0.12
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5227.00
  • Year Assessed: 2022
  • Zoning: MIXED USE

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 4
  • Owner Pays: Insurance, Gas, Water, Trash Collection, Sewer
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1566305
  • School Tax: 2478.00
  • Tax Annual Amount: 3941.00
  • Assessor Parcel Number: 79-4386-09-05-5888
  • Tax Lot: 5888
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 09/09/2022

Multi Family

  • Gross Income: 30840.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: WILSON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2022
Closed on
Sep 1, 2022
Sold by
Hirneisen Neil K
Bought by
Emvision Investments Llc
Seller's Agent
Linda Strain
RE/MAX Of Reading
Buyer's Agent
Chris Kostzewa
RE/MAX Of Reading
List Price
$375,000
Sold Price
$300,000
Premium/Discount to List
-$75,000
-20%
Current Estimated Value
$362,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,627
Avg. Annual Appreciation
6.35%
Original Mortgage
$300,000
Outstanding Balance
$286,729
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$75,898

Purchase Details

Closed on
Aug 28, 2017
Sold by
Conway Lisa Hirneisen and Hirneisen Dean Y
Bought by
Hirneisen Kent A and Grace Hirneisen M

Purchase Details

Closed on
Oct 17, 2016
Sold by
Hirneisen Kent A
Bought by
Hirneisen Kent A

Purchase Details

Closed on
Nov 21, 1983
Bought by
Hirneisen Kent A and Hirneisen Grace M
Source: Public Records

Range of Values:

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Average Value
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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
Emvision Investments Llc $300,000 --
Hirneisen Kent A -- --
Hirneisen Kent A -- Attorney
Hirneisen Kent A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Emvision Investments Llc $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2022 09/09/22 Sold $300,000 0.0% $150 / Sq Ft
08/01/2022 08/01/22 Pending -- -- --
07/23/2022 07/23/22 Price Changed $299,900 -11.8% $150 / Sq Ft
07/14/2022 07/14/22 Price Changed $339,900 -9.4% $170 / Sq Ft
06/28/2022 06/28/22 For Sale $375,000 -- $188 / 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 $1,596 $89,600 $35,400 $54,200
2024 $4,178 $89,600 $35,400 $54,200
2023 $4,042 $89,600 $35,400 $54,200
2022 $3,941 $89,600 $35,400 $54,200
2021 $3,789 $89,600 $35,400 $54,200
2020 $3,789 $89,600 $35,400 $54,200
2019 $3,732 $89,600 $35,400 $54,200
2018 $3,668 $89,600 $35,400 $54,200
2017 $3,612 $89,600 $35,400 $54,200
2016 $1,290 $89,600 $35,400 $54,200
2015 $1,290 $89,600 $35,400 $54,200
2014 $1,290 $89,600 $35,400 $54,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK2017858

Bright MLS

APN: 79-4386-09-05-5888