NOT LISTED FOR SALE

425 Spring St Reading, PA 19601

Estimated Value: $235,000 - $369,775

Studio
3 Baths
3,547 Sq Ft
$89/Sq Ft Est. Value

Last Sold December 31, 2018

Last sale price $142,000 $40 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $1,873/month

48 Days on Market

Highlights

  • Wood Flooring
  • 3 Car Detached Garage
  • Northeast Facing Home
  • No HOA
  • Radiator

About This Home

As of December 2018

Stunning! Large, Turn of the Century Three Unit Apartment building, W/ Large, Three Car Garage. Building if fully rented. Unit 1, is a Three Bedroom, Unit 2, is a four bedroom. Garage is currently rented for $200.00 per month. Unit one and unit two, heat is paid by landlord. Third unit is electric heat and paid by tenant. Long term tenants. Building needs cosmetics. Owner says Sell! All offers considered.

Last Agent to Sell the Property

Suzi Ford

(484) 336-8677 suziford@cs.com Springer Realty Group License #RS228124L Listed on: 10/16/2018

Springer Realty Group

Last Buyer's Agent

Suzi Ford

(484) 336-8677 suziford@cs.com Springer Realty Group License #RS228124L Listed on: 10/16/2018

Springer Realty Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 3,485 Sq Ft Lot
  • Northeast Facing Home
  • Property is in good condition

Parking

  • 3 Car Detached Garage
  • On-Street Parking

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Pitched Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,547 Sq Ft Home
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Schools

  • Reading Senior High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Gas
  • 100 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 6719
  • Assessor Parcel Number 14-5307-51-75-6719

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $200
  • Insurance Expense $800
  • Operating Expense $10,187

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Inclusions: 3 Stove, 3 Refrigrator
  • New Construction: No
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood
  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3547
  • Living Area Sq Ft: 3547
  • Price Per Sq Ft: 44.83
  • Above Grade Finished Sq Ft: 3547
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Street
  • Number Of Detached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: On Street, Detached Garage

Utilities

  • Annual Heating Expense: 1380.00
  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Electric Expense: 200.00
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 3696.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: READING SENIOR

Lot Info

  • Improvement Assessed Value: 83000.00
  • Land Assessed Value: 12000.00
  • Lot Size Acres: 0.08
  • Lot Dimensions: IRRG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3485.00
  • Property Condition: Good
  • Zoning: MULTI

Green Features

  • Green Remarks: Green Building Cert

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 30300.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1453993
  • Tax Annual Amount: 4111.00
  • Assessor Parcel Number: 14-5307-51-75-6719
  • Tax Lot: 6719
  • Tax Year: 2018

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2022
Sold by
Torres Toribio A and Torres Diana B
Bought by
Master Ventures Llc
Current Estimated Value
$317,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Outstanding Balance
$166,693
Interest Rate
5.23%
Mortgage Type
Balloon
Estimated Equity
$150,751

Purchase Details

Listed on
Oct 16, 2018
Closed on
Jan 18, 2019
Sold by
Spring Edge Llc
Bought by
Torres Toribio A and Torres Diana B
Seller's Agent
Suzi Ford
Springer Realty Group
Buyer's Agent
Suzi Ford
Springer Realty Group
List Price
$159,000
Sold Price
$142,000
Premium/Discount to List
-$17,000
-10.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.16%
Original Mortgage
$101,250
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2017
Sold by
Rivera Benigna
Bought by
Spring Edge Llc

Purchase Details

Closed on
Jul 29, 2003
Sold by
Wachovia Bank
Bought by
Rivera Benigna

Purchase Details

Closed on
Mar 21, 2003
Sold by
Rivera Henry and Rivera Mary L
Bought by
Wachovia Bank Na
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Master Ventures Llc $295,000 Stewart Abstract Of Berks Coun
Torres Toribio A $140,700 Conestoga Title Company
Spring Edge Llc $71,000 Conestoga Title
Rivera Benigna $34,900 --
Wachovia Bank Na $1,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Master Ventures Llc $175,000
Previous Owner Torres Toribio A $101,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2018 12/31/18 Sold $142,000 -10.7% $40 / Sq Ft
12/03/2018 12/03/18 Pending -- -- --
10/16/2018 10/16/18 For Sale $159,000 -- $45 / 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 $2,579 $95,000 $12,000 $83,000
2024 $4,218 $95,000 $12,000 $83,000
2023 $4,153 $95,000 $12,000 $83,000
2022 $4,153 $95,000 $12,000 $83,000
2021 $4,153 $95,000 $12,000 $83,000
2020 $4,111 $95,000 $12,000 $83,000
2019 $4,111 $95,000 $12,000 $83,000
2018 $4,111 $95,000 $12,000 $83,000
2017 $4,084 $95,000 $12,000 $83,000
2016 $2,333 $95,000 $12,000 $83,000
2015 $2,333 $95,000 $12,000 $83,000
2014 $2,147 $95,000 $12,000 $83,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1009948328

Bright MLS

APN: 14-5307-51-75-6719