NOT LISTED FOR SALE

412 Spruce St Reading, PA 19602

Estimated Value: $107,603 - $200,000

-- Bed
1 Bath
1,704 Sq Ft
$97/Sq Ft Est. Value

Last Sold December 22, 2022

Last sale price $110,000 $65 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $841/month

2 Days on Market

Highlights

  • Tile or Brick Flooring
  • Heating System Uses Steam
  • 5-minute walk to Riverfront Park
  • Forced Air Heating System

About This Home

As of December 2022

Welcome to 412 spruce! This duplex is a great opportunity for investors and first-time home buyers. Live in one unit and rent the other, or rent out both for a great investment property. The lower level unit is 1 bed 1 bath and the upper unit is 2 bed 1 bath. Both units are a nice size and are currently tenant occupied. There is some available parking around back. 24-hour notice is required for showings.

Last Agent to Sell the Property

Dino D'Orazio

(610) 724-8866 dino@dsteam.com Keller Williams Real Estate-Blue Bell Listed on: 12/07/2022

Keller Williams Real Estate-Blue Bell

Last Buyer's Agent

Jimmy Thelusca

(973) 666-1188 jthelusca@pagodarpm.com Pagoda Realty License #RS333622

Pagoda Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,202

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 1,704 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Tile or Brick
  • Vinyl

Schools

  • Reading Senior High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Steam
  • 100 Amp Service
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 4444
  • Assessor Parcel Number 01-5306-34-78-4444

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,202

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl, Tile/Brick
  • Fireplace: No
  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1704
  • Living Area Sq Ft: 1704
  • Price Per Sq Ft: 67.49
  • Above Grade Finished Sq Ft: 1704
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • 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
  • Type Of Parking: On Street

Utilities

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

Schools

  • School District Source: Listing Agent
  • High School: READING SENIOR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 21400.00
  • Land Assessed Value: 6100.00
  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1440065
  • School Tax: 493.00
  • Tax Annual Amount: 1202.00
  • Assessor Parcel Number: 01-5306-34-78-4444
  • Tax Lot: 4444
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2022
Closed on
Jan 9, 2023
Sold by
Prestige Prop Of Reading Llc
Bought by
Vtf Properties Ii Llc
Seller's Agent
Dino D'Orazio
Keller Williams Real Estate-Blue Bell
Buyer's Agent
Jimmy Thelusca
Pagoda Realty
List Price
$115,000
Sold Price
$110,000
Premium/Discount to List
-$5,000
-4.35%
Views
13
Current Estimated Value
$147,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,966
Avg. Annual Appreciation
14.55%
Original Mortgage
$120,000
Outstanding Balance
$116,214
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$48,687

Purchase Details

Closed on
Nov 22, 2010
Sold by
Hsbc Bank Usa N A
Bought by
Prestige Properties Of Reading Llc

Purchase Details

Closed on
Jun 25, 2010
Sold by
Poulson Arlene D
Bought by
Hsbc Bank Uca Na

Purchase Details

Closed on
Jan 27, 2006
Sold by
Ortiz Elias and Ortiz Maria N
Bought by
Poulson Arlene D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
9.1%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vtf Properties Ii Llc $110,000 --
Prestige Properties Of Reading Llc $23,500 None Available
Hsbc Bank Uca Na $1,400 None Available
Poulson Arlene D $56,000 Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vtf Properties Ii Llc $120,000
Previous Owner Poulson Arlene D $56,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2022 12/22/22 Sold $110,000 -4.3% $65 / Sq Ft
12/09/2022 12/09/22 Pending -- -- --
12/07/2022 12/07/22 For Sale $115,000 -- $67 / 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 $746 $27,500 $6,100 $21,400
2024 $1,221 $27,500 $6,100 $21,400
2023 $1,202 $27,500 $6,100 $21,400
2022 $1,202 $27,500 $6,100 $21,400
2021 $1,202 $27,500 $6,100 $21,400
2020 $1,190 $27,500 $6,100 $21,400
2019 $1,190 $27,500 $6,100 $21,400
2018 $1,190 $27,500 $6,100 $21,400
2017 $1,182 $27,500 $6,100 $21,400
2016 $771 $31,400 $7,700 $23,700
2015 $771 $31,400 $7,700 $23,700
2014 $710 $31,400 $7,700 $23,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK2022938

Bright MLS

APN: 01-5306-34-78-4444