437 Spring St Reading, PA 19601
Estimated Value: $636,194
--
Bed
--
Bath
5,100
Sq Ft
$125/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Electric Baseboard Heater
- 60 Gallon+ Natural Gas Water Heater
- Wood Flooring
About This Home
As of March 2024Successful Active Laundromat Business along with 4 fully occupied spacious 1-bedroom apartments in a prime traffic location right off of / near N 5th St highway. Each residential unit features a separate living and dining room area along with a private bedroom. There is plenty of room to add value to both the laundromat and rental units based on the current below market rents. If interested in a larger portfolio of laundromat investment properties, please contact the listing agent for further details. Schedule your showing today!
Last Agent to Sell the Property
Pagoda Realty License #RS333622 Listed on: 01/05/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,117
Year Built
- Built in 1910
Lot Details
- Property is in good condition
Home Design
- 5,100 Sq Ft Home
- Traditional Architecture
- Brick Exterior Construction
- Brick Foundation
- Rubber Roof
- Masonry
Flooring
- Wood
- Tile or Brick
Utilities
- Electric Baseboard Heater
- 220 Volts
- 60 Gallon+ Natural Gas Water Heater
Community Details
- 4 Units
- 3-Story Building
Listing and Financial Details
- Tax Lot 7718
- Assessor Parcel Number 14-5307-51-75-7718
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 5, 2023
Closed on
Mar 14, 2024
Sold by
Rm Management Holdings Llc
Bought by
Wi4 Llc
Seller's Agent
Jimmy Thelusca
Pagoda Realty
Buyer's Agent
Marc Deye
RE/MAX Services
List Price
$569,900
Sold Price
$564,900
Premium/Discount to List
-$5,000
-0.88%
Total Days on Market
216
Views
735
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
$71,294
Avg. Annual Appreciation
9.98%
Original Mortgage
$451,920
Outstanding Balance
$446,567
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$189,627
Purchase Details
Closed on
Apr 30, 2018
Sold by
Bryan Dietrich Revocable Living Trt
Bought by
Rm Management Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,400
Interest Rate
4.44%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 6, 2014
Sold by
Dietrich Jennifer
Bought by
Bryan Dietrich Revocable Living Trust
Purchase Details
Closed on
Jun 1, 2005
Sold by
Dietrich Maureen H
Bought by
Dietrich Bryan R
Similar Homes in Reading, PA
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 |
|---|---|---|---|
| Wi4 Llc | $564,900 | None Listed On Document | |
| Rm Management Holdings Llc | $158,000 | None Available | |
| Bryan Dietrich Revocable Living Trust | -- | None Available | |
| Dietrich Bryan R | -- | Conestoga Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wi4 Llc | $451,920 | |
| Previous Owner | Rm Management Holdings Llc | $336,000 | |
| Previous Owner | Rm Management Holdings Llc | $142,400 | |
| Previous Owner | Bryan Dietrich Revocable Living Trt | $75,000 | |
| Previous Owner | Dietrich Bryan R | $280,000 | |
| Previous Owner | Dietrich Bryan R | $350,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/15/2024 03/15/24 | Sold | $564,900 | 0.0% | $111 / Sq Ft |
| 08/10/2023 08/10/23 | Pending | -- | -- | -- |
| 07/07/2023 07/07/23 | Price Changed | $564,900 | -0.9% | $111 / Sq Ft |
| 05/16/2023 05/16/23 | For Sale | $569,900 | +0.9% | $112 / Sq Ft |
| 05/05/2023 05/05/23 | Off Market | $564,900 | -- | -- |
| 04/17/2023 04/17/23 | Pending | -- | -- | -- |
| 01/05/2023 01/05/23 | For Sale | $569,900 | -- | $112 / 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 | $4,845 | $178,500 | $16,600 | $161,900 |
| 2024 | $3,166 | $71,300 | $16,600 | $54,700 |
| 2023 | $3,117 | $71,300 | $16,600 | $54,700 |
| 2022 | $3,117 | $71,300 | $16,600 | $54,700 |
| 2021 | $3,117 | $71,300 | $16,600 | $54,700 |
| 2020 | $3,086 | $71,300 | $16,600 | $54,700 |
| 2019 | $3,086 | $71,300 | $16,600 | $54,700 |
| 2018 | $3,086 | $71,300 | $16,600 | $54,700 |
| 2017 | $3,065 | $71,300 | $16,600 | $54,700 |
| 2016 | $1,751 | $71,300 | $16,600 | $54,700 |
| 2015 | $1,751 | $71,300 | $16,600 | $54,700 |
| 2014 | $1,611 | $71,300 | $16,600 | $54,700 |
Source: Public Records
Agents Affiliated with this Home
-
Jimmy Thelusca
Seller's Agent in 2024
Jimmy Thelusca
Pagoda Realty
(973) 666-1188
137 Total Sales
-
Marc Deye
M
Buyer's Agent in 2024
Marc Deye
RE/MAX
(215) 500-3535
20 Total Sales
Map
Source: Bright MLS
MLS Number: PABK2025218
APN: 14-5307-51-75-7718
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