NOT LISTED FOR SALE

Estimated Value: $283,000 - $366,000

-- Bed
2 Baths
1,896 Sq Ft
$166/Sq Ft Est. Value

Last Sold July 23, 2021

Last sale price $251,000 $132 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,833/month

125 Days on Market

Highlights

  • 0.21 Acre Lot
  • No HOA
  • Property is in excellent condition
  • Traditional Architecture
  • Hot Water Heating System
  • Wall to Wall Carpet

About This Home

As of July 2021

Back on the Market. Don’t miss this great opportunity to own a completely renovated 2 unit in the Muhlenberg School district. This property features two 2 bedroom one bath apartments with completely renovated kitchens. There is a large backyard for entertaining as well as on street and offstreet parking located in the back of the property. Don’t miss out on this opportunity call today with any questions.

Last Agent to Sell the Property

Eric Donahue

RE/MAX Of Reading License #RS272188 Listed on: 02/11/2021

Last Buyer's Agent

Angelo Giannotti

RE/MAX Of Reading License #RS-271069

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,324

Year Built

  • Built in 1900

Lot Details

  • 9,148 Sq Ft Lot
  • Property is in excellent condition

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Plaster Walls
  • Architectural Shingle Roof

Interior Spaces

  • 1,896 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 4 Parking Spaces
  • 4 Driveway Spaces
  • Private Parking
  • Alley Access
  • Gravel Driveway
  • On-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for real estate taxes
  • Tax Lot 1333
  • Assessor Parcel Number 66-5308-11-75-1333

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $779
  • Maintenance Expense $1,515
  • Manager Expense $1,833
  • Operating Expense $12,463

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,324

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Back on the Market. Don’t miss this great opportunity to own a completely renovated 2 unit in the Muhlenberg School district. This property features two 2 bedroom one bath apartments with completely renovated kitchens. There is a large backyard for entertaining as well as on street and offstreet parking located in the back of the property. Don’t miss out on this opportunity call today with any questions.
  • Special Features: None

Interior Features

  • Flooring Type: Carpet, Fully Carpeted, Laminated
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall, Plaster Walls
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1896
  • Living Area Sq Ft: 1896
  • Price Per Sq Ft: 137.08
  • Above Grade Finished Sq Ft: 1896
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 431

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Crushed Stone, Gravel Driveway, Private
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway, Alley, On Street
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Professional Management Expense: 1833.00
  • Association Recreation Fee: No

Schools

  • School District: MUHLENBERG
  • School District Key: 300200397508
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 87000.00
  • Land Assessed Value: 35700.00
  • Land Use Code: 112
  • Lot Size Acres: 0.21
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9148.00
  • Property Condition: Excellent
  • Year Assessed: 2021
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Owner Pays: Taxes - Real Estate
  • Rent Control: No
  • Total Actual Rent: 30000.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1543311
  • School Tax: 3771.00
  • Tax Annual Amount: 5324.00
  • Assessor Parcel Number: 66-5308-11-75-1333
  • Tax Lot: 1333
  • Tax Page Number: 32
  • Tax Total Finished Sq Ft: 1896
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 07/23/2021

Multi Family

  • Gross Income: 15952.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 12463.00
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: MUHLENBERG

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2021
Sold by
Turning Point Investments 2 Llc
Bought by
Rodriguez Olga Y
Current Estimated Value
$306,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,453
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 28, 2017
Closed on
Apr 24, 2017
Sold by
Hyman Vici L
Bought by
Turning Point Investments 2 Llc
Seller's Agent
Ron Landis
BHHS Homesale Realty- Reading Berks
Buyer's Agent
Eric Donahue
RE/MAX Of Reading
List Price
$105,000
Sold Price
$85,000
Premium/Discount to List
-$20,000
-19.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.68%
Original Mortgage
$130,000
Interest Rate
4.14%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

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Average Value
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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

Date Buyer Sale Price Title Company
Rodriguez Olga Y $251,000 Signature Abstract
Turning Point Investments 2 Llc $85,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rodriguez Olga Y $246,453
Previous Owner Turning Point Investment 2 Llc $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2021 07/23/21 Sold $251,000 0.0% $132 / Sq Ft
06/16/2021 06/16/21 Pending -- -- --
06/15/2021 06/15/21 Off Market $251,000 -- --
05/29/2021 05/29/21 For Sale $259,900 +3.5% $137 / Sq Ft
03/22/2021 03/22/21 Pending -- -- --
03/22/2021 03/22/21 Off Market $251,000 -- --
02/11/2021 02/11/21 For Sale $259,900 +205.8% $137 / Sq Ft
04/24/2017 04/24/17 Sold $85,000 -19.0% $45 / Sq Ft
03/18/2017 03/18/17 Pending -- -- --
02/28/2017 02/28/17 For Sale $105,000 -- $55 / 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 $1,842 $122,700 $35,700 $87,000
2024 $5,907 $122,700 $35,700 $87,000
2023 $5,544 $122,700 $35,700 $87,000
2022 $5,452 $122,700 $35,700 $87,000
2021 $5,324 $122,700 $35,700 $87,000
2020 $5,324 $122,700 $35,700 $87,000
2019 $5,211 $122,700 $35,700 $87,000
2018 $3,792 $122,700 $35,700 $87,000
2017 $3,721 $90,900 $35,700 $55,200
2016 $1,102 $90,900 $35,700 $55,200
2015 $1,102 $90,900 $35,700 $55,200
2014 $1,102 $90,900 $35,700 $55,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK373406

Bright MLS

APN: 66-5308-11-75-1333