NOT LISTED FOR SALE

436 N READING AVE & N Reading Ave Boyertown, PA 19512

Gilbertsville Neighborhood

Estimated Value: $378,883 - $612,000

8 Acres
$63,677 Price per Acre
336,719 Sq Ft Lot

Last Sold September 15, 2022

Last sale price $940,000

Est. 48% decrease in value since last sale

Current estimated payment $2,877/month

21 Days on Market

Highlights

  • Additional Residence on Property
  • Barn or Farm Building
  • Additional Land
  • 7.73 Acre Lot
  • No HOA
  • Shed

About This Lot

As of September 2022

Subdivision Opportunity. Almost 8 acres in Colebrookdale Township's General Residential (GR) zoning district which calls for a minimum average lot size of 5000 square foot for townhouses or single homes. Comprised of 2 parcels (3.55 acres and 4.18 acres), each fronting on N. Reading Avenue and having large scenic hayfields backing to school grounds. Initial investigation suggests the subdivision possibility to create about 40 single or 55 townhome lots. Both 436 N. Reading Ave and 516 N. Reading Ave include large farmhouses, and 2 story barns/garages. The farmhouses, rich in character and featuring original elements such as 2-story porches and walk-in fireplaces, are in need of updating. The convenient location, just a few minutes from Rt 100 and Rt 73, makes the site ideal for commuters and near plenty of shopping and recreation activities. Use your skill set and imagination to recognize the opportunity these two properties present.

Last Agent to Sell the Property

Brian Kelly

Kelly Real Estate, Inc. License #RM052045A Listed on: 03/29/2022

Last Buyer's Agent

Brian Kelly

Kelly Real Estate, Inc. License #RM052045A Listed on: 03/29/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,882

Year Built

  • 1900

Lot Details

  • 7.73 Acre Lot
  • Open Lot
  • Cleared Lot
  • Additional Land
  • Additional Parcels
  • Subdivision Possible
  • Property is zoned GR, General Residential

Additional Features

  • Additional Residence on Property
  • Barn or Farm Building

Listing and Financial Details

  • Tax Lot 7376
  • Assessor Parcel Number 38-5397-13-03-7376 & 38-5397-13-03-8569

Community Details

Overview

  • No Home Owners Association

Recreation

  • Shed
  • Storage Shed

Property Details

Property Type

Land

Est. Annual Taxes

$8,882

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Residential
  • Inclusions: All items and contents remaining on the property and in all buildings at time of final settlement are included and will remain with the property.
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Remarks Public: Subdivision Opportunity. Almost 8 acres in Colebrookdale Township's General Residential (GR) zoning district which calls for a minimum average lot size of 5000 square foot for townhouses or single homes. Comprised of 2 parcels (3.55 acres and 4.18 acres), each fronting on N. Reading Avenue and having large scenic hayfields backing to school grounds. Initial investigation suggests the subdivision possibility to create about 40 single or 55 townhome lots. Both 436 N. Reading Ave and 516 N. Reading Ave include large farmhouses, and 2 story barns/garages. The farmhouses, rich in character and featuring original elements such as 2-story porches and walk-in fireplaces, are in need of updating. The convenient location, just a few minutes from Rt 100 and Rt 73, makes the site ideal for commuters and near plenty of shopping and recreation activities. Use your skill set and imagination to recognize the opportunity these two properties present.
  • Special Features: None
  • Year Built (Public Record): 1900

Interior Features

  • Price Per Sq Ft: 2.75
  • Street Number Modifier: 436 N READING AVE & 516

Exterior Features

  • Other Structures List: 2nd House, Barn/Farm Building, Garage(s), Shed, Storage Barn/Shed
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Electric Service: Circuit Breakers
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: BOYERTOWN AREA
  • School District Key: 300200397307
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: Yes
  • Land Use Code: 115
  • Lot Features: Additional Lot(s), Cleared, Open, Subdivision Possible
  • Lot Size Acres: 7.73
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 336718.00
  • Year Assessed: 2022
  • Zoning: GR
  • Zoning Description: General Residential
  • Farmland Preservation: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1493252
  • Tax Annual Amount: 8882.00
  • Assessor Parcel Number: 38-5397-13-03-7376 & 38-5397-13-03-8569
  • Tax Lot: 7376
  • Tax Year: 2022
  • Close Date: 09/15/2022

MLS Schools

  • School District Name: BOYERTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2022
Closed on
Sep 15, 2022
Sold by
Frey Mildred Y
Bought by
Shadeland Development Corporation
Seller's Agent
Brian Kelly
Kelly Real Estate, Inc.
Buyer's Agent
Brian Kelly
Kelly Real Estate, Inc.
List Price
$925,000
Sold Price
$940,000
Premium/Discount to List
$15,000
1.62%
Total Days on Market
21
Views
5
Current Estimated Value
$492,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$447,779
Avg. Annual Appreciation
-20.96%
Original Mortgage
$611,000
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2008
Sold by
Philipczak Joanne H
Bought by
Frey Mildred Y
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
Shadeland Development Corporation $470,000 --
Frey Mildred Y -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shadeland Development Corporat $3,000,000
Closed Shadeland Development Corporation $611,000
Closed Shadeland Development Corporat $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2022 09/15/22 Sold $940,000 +1.6% --
03/29/2022 03/29/22 For Sale $925,000 -- --
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 $1,529 $97,600 $59,900 $37,700
2024 $4,310 $97,600 $59,900 $37,700
2023 $4,155 $97,600 $59,900 $37,700
2022 $3,973 $97,600 $59,900 $37,700
2021 $3,890 $97,600 $59,900 $37,700
2020 $3,805 $97,600 $59,900 $37,700
2019 $3,711 $97,600 $59,900 $37,700
2018 $3,580 $97,600 $59,900 $37,700
2017 $3,430 $97,600 $59,900 $37,700
2016 $1,161 $97,600 $59,900 $37,700
2015 $1,161 $97,600 $59,900 $37,700
2014 $1,161 $97,600 $59,900 $37,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK2013662

Bright MLS

APN: 38-5397-13-03-7376