Seller's Agent in 2019
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
209 Total Sales
417 Buttonwood St Reading, PA 19601
Reading City Center NeighborhoodEstimated Value: $75,341 - $194,000
Studio
1
Bath
1,830
Sq Ft
$83/Sq Ft
Est. Value
Highlights
- No HOA
- 90% Forced Air Heating System
- Multi-Tank Electric Water Heater
- Ceramic Tile Flooring
About This Home
As of May 2019Fantastic well maintained end of row 2 unit near downtown Reading fully rented with long term related tenants. Mother lives in unit 1 and daughter lives in unit 2. Unit 1 - 1st floor & basement has 4 rooms, 2 BRS, living room, kitchen, bath, laminate and tiled floors, electric cooking, electric hot water. Covered side patio and rear fenced yard. Rented by a Section 8 tenant for 12 years at $500/month. Unit 2, 2nd & 3rd floors has 5 rooms, 3 private BRS, Living room, kitchen, bath, ceramic tile & laminate floors, electric baseboard heat in attic. Rented for $675/month by a 3 year tenant. New high efficiency gas furnace in September 2018. Owner pays for the gas heat, water/sewer/trash/recycling. Tenants pay for their electric which includes cooking and hot water. Double pane replacement windows. 200 AMP main plus a 100 AMP main. 3 meters. Off street parking driveway fits 3 cars. Total income: $14,100. Expenses: 6,309. Taxes: $909. Heat: $1000. W/S/T/R: $3,600. Owner's Electric: $300. Insurance: $400. Permits: $100. Net Income: $7,791. Cap Rate: 16%. Rents are below market rents so cap rate will only get better. This is an awesome investment opportunity with a building in that's been super well maintained and updated! A true rare find! A must for your investment portfolio.
Last Agent to Sell the Property
(610) 207-8066 jcandelaria@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 05/11/2019
Last Buyer's Agent
(610) 207-8066 jcandelaria@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 05/11/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $909
Year Built
- Built in 1900
Lot Details
- 1,307 Sq Ft Lot
- Property is in good condition
Home Design
- Duplex
- Converted Dwelling
- Brick Exterior Construction
- Stone Foundation
- Asphalt Roof
Interior Spaces
- 1,830 Sq Ft Home
- Basement Fills Entire Space Under The House
Flooring
- Laminate
- Ceramic Tile
Parking
- 3 Open Parking Spaces
- 3 Parking Spaces
- Driveway
- Off-Street Parking
Outdoor Features
- Exterior Lighting
Utilities
- 90% Forced Air Heating System
- 200+ Amp Service
- 100 Amp Service
- Multi-Tank Electric Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- The owner pays for heat, gas, insurance, sewer, sewer maintenance, real estate taxes, trash collection, water
- Tax Lot 4554
- Assessor Parcel Number 07-5307-66-72-4554
Community Details
Overview
- No Home Owners Association
- 2 Units
- 3-Story Building
Building Details
- Income includes apartment rentals
- Insurance Expense $400
- Other Expense $5,809
- Operating Expense $6,309
- Net Operating Income $7,791
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 11, 2019
Closed on
May 30, 2019
Sold by
Wepurchasehousesonline Com Llc
Bought by
Napoli Giusseppe and Napoli Maria
Seller's Agent
Jose Candelaria
RE/MAX Of Reading
Buyer's Agent
Jose Candelaria
RE/MAX Of Reading
List Price
$50,000
Sold Price
$46,000
Premium/Discount to List
-$4,000
-8%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,835
Avg. Annual Appreciation
19.74%
Purchase Details
Closed on
Sep 26, 2016
Sold by
Montalvo Jose
Bought by
Wepurchasehouseline Com Llc
Purchase Details
Listed on
Sep 24, 2012
Closed on
Aug 15, 2013
Sold by
Reyes Maria
Bought by
Montalvo Jose
Seller's Agent
Durwin Fernandez
Century 21 Gold
Buyer's Agent
Joshua abraham
Century 21 Gold
List Price
$49,900
Sold Price
$30,000
Premium/Discount to List
-$19,900
-39.88%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.95%
Purchase Details
Closed on
Oct 31, 2005
Sold by
Santana Maritess
Bought by
Reyes Maria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,800
Interest Rate
5.83%
Mortgage Type
Fannie Mae Freddie Mac
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Napoli Giusseppe | $46,000 | Signature Abstract | |
| Wepurchasehouseline Com Llc | $40,000 | Attorney | |
| Montalvo Jose | $30,000 | None Available | |
| Reyes Maria | $46,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Reyes Maria | $36,800 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/30/2019 05/30/19 | Sold | $46,000 | -8.0% | $25 / Sq Ft | |
| 05/12/2019 05/12/19 | Pending | -- | -- | -- | |
| 05/11/2019 05/11/19 | For Sale | $50,000 | +66.7% | $27 / Sq Ft | |
| 08/15/2013 08/15/13 | Sold | $30,000 | -39.9% | $16 / Sq Ft | View Prior Sale |
| 07/27/2013 07/27/13 | Pending | -- | -- | -- | |
| 09/24/2012 09/24/12 | For Sale | $49,900 | -- | $27 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $570 | $21,000 | $8,000 | $13,000 |
| 2024 | $932 | $21,000 | $8,000 | $13,000 |
| 2023 | $918 | $21,000 | $8,000 | $13,000 |
| 2022 | $918 | $21,000 | $8,000 | $13,000 |
| 2021 | $918 | $21,000 | $8,000 | $13,000 |
| 2020 | $909 | $21,000 | $8,000 | $13,000 |
| 2019 | $909 | $21,000 | $8,000 | $13,000 |
| 2018 | $909 | $21,000 | $8,000 | $13,000 |
| 2017 | $903 | $21,000 | $8,000 | $13,000 |
| 2016 | $516 | $21,000 | $8,000 | $13,000 |
| 2015 | $516 | $21,000 | $8,000 | $13,000 |
| 2014 | $475 | $21,000 | $8,000 | $13,000 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Candelaria
-
D
Seller's Agent in 2013
Durwin Fernandez
Century 21 Gold
-
Joshua abraham
Buyer's Agent in 2013
Joshua abraham
Century 21 Gold
(610) 779-2500
29 Total Sales
Map
Source: Bright MLS
MLS Number: PABK341410
APN: 07-5307-66-72-4554
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