NOT LISTED FOR SALE

Estimated Value: $243,000 - $280,136

Studio
1 Bath
2,587 Sq Ft
$99/Sq Ft Est. Value

Sale Details

Date Sold: March 14, 2022

Last sale price $198,000 $77 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,497 / mo

4 Days on Market

Highlights

  • Straight Thru Architecture
  • 1 Car Detached Garage
  • Window Unit Cooling System
  • Wood Flooring
  • Eat-In Galley Kitchen
  • Electric Baseboard Heater

About This Home

As of March 2022

Great opportunity to add this to your investment portfolio. Large 3 unit building with a oversized garage for additional income. Tenants pay their own heat and hot water. This is a solid building with good tenants. The 3rd floor apartment has an updated kitchen with granite counter tops.

Last Agent to Sell the Property

Anthony Borelli

(610) 779-2500 office@c21gold.com Century 21 Gold License #RS227951L Listed on: 02/09/2022

Century 21 Gold

Last Buyer's Agent

Fernando Hernandez

(484) 450-8771 admin@ironvalleyrealestateofberks.com Iron Valley Real Estate of Berks License #rs339935

Iron Valley Real Estate of Berks

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,757

Year Built

  • Built in 1900

Lot Details

  • 2,178 Sq Ft Lot

Parking

  • 1 Car Detached Garage
  • Rear-Facing Garage
  • On-Street Parking

Home Design

  • Triplex
  • Straight Thru Architecture
  • Converted Dwelling
  • Brick Exterior Construction

Interior Spaces

  • 2,587 Sq Ft Home
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Galley Kitchen
  • Electric Oven or Range

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • 100 Amp Service
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • The owner pays for insurance, sewer, snow removal, real estate taxes, trash collection, water
  • Tax Lot 7642
  • Assessor Parcel Number 07-5307-67-72-7642

Community Details

Overview

  • 3 Units
  • Northwest Reading Subdivision

Building Details

  • Income includes apartment rentals
  • Insurance Expense $620
  • Operating Expense $6,080
  • Gross Income $28,800
  • Net Operating Income $22,720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,757

Year Built

Built in 1900

Lot Details

2,178 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Converted Dwelling, Straight Thru
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Electric
  • Interior Amenities: Kitchen - Eat-In, Kitchen - Galley, Wood Floors
  • Fireplace: No
  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2587
  • Living Area Sq Ft: 2587
  • Price Per Sq Ft: 75.34
  • Above Grade Finished Sq Ft: 2587
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Road Surface Type: Paved
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public
  • Internet Services: Cable

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 29600.00
  • Land Assessed Value: 10600.00
  • Lot Size Acres: 0.05
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Zoning: R-3

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Insurance, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 28800.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1444902
  • School Tax: 721.00
  • Tax Annual Amount: 1757.00
  • Assessor Parcel Number: 07-5307-67-72-7642
  • Tax Lot: 7642
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022

Multi Family

  • Gross Income: 28800.00
  • Gross Scheduled Income: 28800.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 6080.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: READING

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
Feb 9, 2022
Closed on
Mar 14, 2022
Sold by
Bought by
Seller's Agent
Anthony Borelli
Century 21 Gold
Buyer's Agent
Fernando Hernandez
Iron Valley Real Estate of Berks
List Price
$194,900
Sold Price
$198,000
Premium/Discount to List
$3,100
1.59%
Current Estimated Value
$257,284

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,284
Avg. Annual Appreciation
6.16%

Purchase Details

Listed on
Feb 17, 2020
Closed on
Jul 31, 2020
Sold by
Bought by
Seller's Agent
Creighton Stringer
Pagoda Realty ERA Powered
Buyer's Agent
Renee Hamilton
BHHS Homesale Realty- Reading Berks
List Price
$129,900
Sold Price
$106,000
Premium/Discount to List
-$23,900
-18.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.06%
Original Mortgage
$79,500
Interest Rate
0.028%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 17, 2014
Closed on
Sep 19, 2014
Sold by
Bought by
Seller's Agent
Jerry Buffa
Coldwell Banker Realty
Buyer's Agent
Creighton Stringer
Pagoda Realty ERA Powered
List Price
$99,500
Sold Price
$55,000
Premium/Discount to List
-$44,500
-44.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.93%

Purchase Details

Closed on
Feb 21, 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
$58,125
Interest Rate
0.0571%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2001
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
$39,780
Interest Rate
0.0688%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$198,000 None Listed On Document
$106,000 Transfer Re Intelligence Ttl
$55,500 None Available
$77,500 Fidelity Natl Title Ins Co
$44,200 --
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
Previous Owner $79,500
Previous Owner $58,125
Previous Owner $39,780
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 Prior Sale
03/14/2022 03/14/22 Sold $198,000 +1.6% $77 / Sq Ft
02/13/2022 02/13/22 Pending -- -- --
02/09/2022 02/09/22 For Sale $194,900 +83.9% $75 / Sq Ft
07/30/2020 07/30/20 Sold $106,000 -18.4% $41 / Sq Ft View Prior Sale
06/23/2020 06/23/20 Pending -- -- --
05/26/2020 05/26/20 For Sale $129,900 +22.5% $50 / Sq Ft
03/24/2020 03/24/20 Off Market $106,000 -- --
03/16/2020 03/16/20 Price Changed $129,900 -7.1% $50 / Sq Ft
02/17/2020 02/17/20 For Sale $139,900 +154.4% $54 / Sq Ft
10/05/2014 10/05/14 Sold $55,000 -44.7% $21 / Sq Ft View Prior Sale
08/19/2014 08/19/14 Pending -- -- --
01/17/2014 01/17/14 For Sale $99,500 -- $38 / 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 $1,135 $40,200 $10,600 $29,600
2025 $1,091 $40,200 $10,600 $29,600
2024 $1,785 $40,200 $10,600 $29,600
2023 $1,757 $40,200 $10,600 $29,600
2022 $1,757 $40,200 $10,600 $29,600
2021 $1,757 $40,200 $10,600 $29,600
2020 $1,740 $40,200 $10,600 $29,600
2019 $1,740 $40,200 $10,600 $29,600
2018 $1,740 $40,200 $10,600 $29,600
2017 $1,728 $40,200 $10,600 $29,600
2016 $987 $40,200 $10,600 $29,600
2015 $987 $40,200 $10,600 $29,600
2014 $909 $40,200 $10,600 $29,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK2011504

Bright MLS

APN: 07-5307-67-72-7642

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