NOT LISTED FOR SALE

Estimated Value: $222,780

-- Bed
-- Bath
-- Sq Ft
3,920 Sq Ft Lot

Last Sold April 24, 2015

Last sale price $112,000

Est. 99% increase in value since last sale

Current estimated payment $1,531/month

327 Days on Market

Highlights

  • No HOA
  • Wood Siding
  • Heating System Uses Oil
  • En-Suite Primary Bedroom

About This Home

As of April 2015

Large mixed use building containing two commercial units and three residential units.The residential units are two - 2 bedroom units and one - 1 bedroom unit. The residential units have good sized rooms with modern kitchen and bathrooms. This is a solid building that would be an asset to any portfolio. Call listing agent for more information. Also listed as Commercial MLS# 6381587

Last Listed By

Rick Heffner

RE/MAX Of Reading License #RS209882L Listed on: 04/30/2014

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 3,920 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Unfinished Basement

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

Utilities

  • Heating System Uses Oil
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Operating Expense $5,473

Listing and Financial Details

  • Tax Lot 0199
  • Assessor Parcel Number 64-5316-08-88-0199

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Storage: Basement
  • Year Built: 1940
  • Remarks Public: Large mixed use building containing two commercial units and three residential units.The residential units are two - 2 bedroom units and one - 1 bedroom unit. The residential units have good sized rooms with modern kitchen and bathrooms. This is a solid building that would be an asset to any portfolio. Call listing agent for more information. Also listed as Commercial MLS# 6381587
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Street Number Modifier: 41-45

Exterior Features

  • Construction Materials: Stucco, Wood Siding
  • Construction Completed: No
  • Exterior Features: Sidewalks
  • 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
  • Heating Fuel: Oil
  • Heating Type: Oil
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: ANTIETAM
  • School District Key: 300200397315

Lot Info

  • Improvement Assessed Value: 83300.00
  • Land Assessed Value: 24800.00
  • Land Use Code: 4115
  • Lot Size Acres: 0.09
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3920.00
  • Property Condition: Good
  • Zoning: MIXED

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 42420.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

Tax Info

  • Assessor Parcel Number: 1538712
  • Tax Annual Amount: 5473.00
  • Assessor Parcel Number: 64-5316-08-88-0199
  • Tax Lot: 0199
  • Tax Year: 2015
  • Close Date: 04/24/2015

MLS Schools

  • School District Name: ANTIETAM

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2014
Closed on
Apr 21, 2015
Sold by
Devon Service Llc
Bought by
Schmidt Max and Schmidt Benilda
Seller's Agent
Rick Heffner
RE/MAX Of Reading
Buyer's Agent
Rick Heffner
RE/MAX Of Reading
List Price
$199,900
Sold Price
$112,000
Premium/Discount to List
-$87,900
-43.97%
Total Days on Market
327
Current Estimated Value
$222,780

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,780
Avg. Annual Appreciation
7.22%

Purchase Details

Closed on
Feb 25, 2014
Sold by
Herman John M
Bought by
Devon Service Llc

Purchase Details

Closed on
Jul 6, 1979
Bought by
Herman John M

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in Reading, PA

  • 1615 Perkiomen Ave, Reading, PA 19602

    $245,000

    • Studio
    • 2,490 Sq Ft
    • 1615 Perkiomen Ave
    • Reading, PA

    Fully Occupied 3 Unit. First floor is section 8- 2 bedroom, rent is $1,100. Second floor is section 8- 2 bedroom, rent is $1,000. Third floor is1 bedroom, rent is $750. The total annual rental income is $34,200. Owner pays water sewer and trash and owners electric. The buildinghas been well maintained. Tenants pay electric and would like to stay. Don't miss out on this money maker!!

    Eugene Booth BHHS Homesale Realty- Reading Berks

    Section Image
  • 111 S 8th St, Reading, PA 19602

    $275,000

    • Studio
    • 2,266 Sq Ft
    • 111 S 8th St
    • Reading, PA

    Three unit apartment building. Owner pays water, sewer, trash. Tenant's pay unit electric and gas.

    Trent Stauffer Bold Realty

    Section Image
  • 735 Washington St, Reading, PA 19601

    $275,000

    • Studio
    • 1,750 Sq Ft
    • 735 Washington St
    • Reading, PA

    Prime investment opportunity in a sought-after location near City Hall, attorney offices, and downtown Reading! This versatile 3-unit property features two income-generating residential units, both currently rented, and a commercial unit ready for your next venture or tenant. With separate heat for each unit, this low-maintenance property maximizes your return. Whether you're looking to expand

    Ron and Gigi Batista Team Realty One Group Alliance

    Section Image
  • 62 S 6th St, Reading, PA 19602

    $279,000

    • Studio
    • 62 S 6th St
    • Reading, PA

    Pictures/Videos are available upon request. Discover a unique investment opportunity in the heart of Reading, PA that is in need of renovation and modernization! This mixed-use property features a commercial space on the ground floor with 4 residential units above, offering the potential for diverse income streams. Situated in a vibrant neighborhood with high foot traffic, this property

    Shawn Krause KW Empower

    Section Image
  • 127 N 5th St, Reading, PA 19601

    $249,900

    • Studio
    • 5,502 Sq Ft
    • 127 N 5th St
    • Reading, PA

    This expansive 5,502 sq ft building, formerly the Pollock Furs Company, offers a unique investment opportunity in the heart of Reading City. The property features two 1-bedroom apartments currently on a month-to-month lease, providing steady rental income. Additionally, the building boasts a versatile storefront, perfect for retail or office use, with ample leasable square footage.With its rich

    Anthony Borelli Century 21 Gold

    Section Image
  • 764 N 6th St, Reading, PA 19601

    $250,000

    • Studio
    • 2,210 Sq Ft
    • 764 N 6th St
    • Reading, PA

    Investment Opportunity Knocks! Don't miss this fantastic opportunity to own a well-maintained, income-producing duplex! This large corner property is fully occupied with tenants paying market rents, offering immediate cash flow for the savvy investor. Both units boast well-maintained interiors and benefit from a cosmetic remodel completed in 2021. This property also features valuable extras,

    Jose Acosta Iron Valley Real Estate of Berks

    Section Image
  • 267 N Front St, Reading, PA 19601

    $240,000

    • Studio
    • 267 N Front St
    • Reading, PA

    Nice large corner property with first floor laundromat that needs a little upgrading of some machines with potential to create a positive cash flow once fully operational. There is not another laundromat in the immediate area. Or this space can be used as a store front for your business. There are two 3 bedroom apartments on the second level that are currently rented, one at 750/month and the

    Scott Goetz Century 21 Gold

    Section Image
  • 120 W Elm St, Reading, PA 19601

    $180,000

    • Studio
    • 1,080 Sq Ft
    • 120 W Elm St
    • Reading, PA

    Sellers are very motivated. Welcome to this multifamily property. Live in one apartment and collect rent from the second one. This duplex offers two (2) units, each one with one bedroom. First floor apartment is vacant. Second floor unit is rented at $850 monthly. Each unit pay their electric heat and electric bill. Both apartments are in very good condition and the vacant one was remodeled

    HERNAN DELGADO Iron Valley Real Estate of Berks

    Section Image

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
Schmidt Max $112,000 None Available
Devon Service Llc $3,700 None Available
Herman John M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Herman John M $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2015 04/24/15 Sold $112,000 -44.0% --
03/23/2015 03/23/15 Pending -- -- --
04/30/2014 04/30/14 For Sale $199,900 -- --
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 $3,477 $84,700 $14,900 $69,800
2024 $5,887 $84,700 $14,900 $69,800
2023 $5,681 $84,700 $14,900 $69,800
2022 $5,300 $84,700 $14,900 $69,800
2021 $5,192 $84,700 $14,900 $69,800
2020 $5,027 $84,700 $14,900 $69,800
2019 $4,904 $84,700 $14,900 $69,800
2018 $4,854 $84,700 $14,900 $69,800
2017 $4,630 $84,700 $14,900 $69,800
2016 $1,872 $84,700 $14,900 $69,800
2015 $1,872 $108,100 $24,800 $83,300
2014 $2,216 $108,100 $24,800 $83,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002907194

Bright MLS

APN: 64-5316-08-88-0199