Marcus Gonzalez
Atlas Land and Homes
(223) 216-5019
93 Total Sales
1 in Reading City Center
$50,000 Price
417 Buttonwood St Reading, PA 19601
Reading City Center NeighborhoodEstimated Value: $87,929 - $222,000
Studio
1
Bath
1,830
Sq Ft
$92/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) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 05/11/2019
Last Buyer's Agent
(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 05/11/2019
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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
- Heating System Uses Natural Gas
- 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
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
May 11, 2019
Closed on
May 30, 2019
Sold by
Bought by
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
$121,982
Avg. Annual Appreciation
19.77%
Purchase Details
Closed on
Sep 26, 2016
Sold by
Bought by
Purchase Details
Listed on
Sep 24, 2012
Closed on
Aug 15, 2013
Sold by
Bought by
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
14.20%
Purchase Details
Closed on
Oct 31, 2005
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
$36,800
Interest Rate
5.83%
Mortgage Type
Fannie Mae Freddie Mac
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Reading City Center, PA
-
Marcus Gonzalez
-
Ivonn Reyes
Ivonn Reyes
Responds QuicklyIron Valley Real Estate of Berks
(484) 642-1605
141 Total Sales
3 in Reading City Center
$111K - $175K Price Range
-
Erica Fair
Erica Fair
Iron Valley Real Estate of Berks
(484) 388-4814
158 Total Sales
1 in Reading City Center
$191,500 Price
-
Anthony Borelli
Anthony Borelli
Century 21 Gold
(484) 755-3767
269 Total Sales
3 in Reading City Center
$111K - $198K Price Range
-
SHARMEEN MUSSANI
SHARMEEN MUSSANI
Responds QuicklyKeller Williams Realty Devon-Wayne
(313) 474-6679
82 Total Sales
1 in Reading City Center
$440,000 Price
-
Kevin Paula
Kevin Paula
Responds QuicklyIron Valley Real Estate of Berks
(347) 797-3566
61 Total Sales
1 in Reading City Center
$197,000 Price
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 |
|---|---|---|---|
| $46,000 | Signature Abstract | ||
| $40,000 | Attorney | ||
| $30,000 | None Available | ||
| $46,000 | None Available |
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 | $36,800 |
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 |
|---|---|---|---|---|---|
| 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
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 | $593 | $21,000 | $8,000 | $13,000 |
| 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
Seller's Agent in 2019
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
200 Total Sales
-
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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The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
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The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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