NOT LISTED FOR SALE

437 Spring St Reading, PA 19601

Estimated Value: $677,484

-- Bed
-- Bath
5,100 Sq Ft
$133/Sq Ft Est. Value

Last Sold March 15, 2024

Last sale price $564,900 $111 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,996/month

216 Days on Market

Highlights

  • Traditional Architecture
  • Electric Baseboard Heater
  • 60 Gallon+ Natural Gas Water Heater
  • Wood Flooring

About This Home

As of March 2024

Successful 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

Jimmy Thelusca

(973) 666-1188 jthelusca@pagodarpm.com Pagoda Realty License #RS333622 Listed on: 01/05/2023

Pagoda Realty

Last Buyer's Agent

Marc Deye

(215) 500-3535 marc@mignattideye.com RE/MAX Services License #RS318954

RE/MAX Services

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,117

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Traditional
  • New Construction: No
  • Expected On Market: 2023-01-05
  • Year Built: 1910
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Successful 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!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Hardwood, Tile/Brick
  • Foundation Details: Brick/Mortar
  • Total Sq Ft: 5100
  • Living Area Sq Ft: 5100
  • Price Per Sq Ft: 110.76
  • Above Grade Finished Sq Ft: 5100
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 437

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Masonry
  • Roof: Rubber
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Monthly Average Electric: 240
  • Previous Twelve Months Electric Expense: 2880.00
  • Electric Service: 220 Volts
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank, Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Natural Gas Available, Water Available
  • Water Source: Public

Schools

  • School District: READING
  • School District Key: 300200397169
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 4246
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Good
  • Soil Types: Unknown
  • Year Assessed: 2023
  • Zoning: COMMERCIAL/ MULTI FAMILY

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 1278.00
  • Tax Annual Amount: 3117.00
  • Assessor Parcel Number: 14-5307-51-75-7718
  • Tax Lot: 7718
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 03/15/2024

MLS Schools

  • School District Name: READING

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%
Views
735
Current Estimated Value
$677,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,584
Avg. Annual Appreciation
10.58%
Original Mortgage
$451,920
Outstanding Balance
$445,276
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$213,603

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
Source: Public Records

Range of Values:

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Average Value
Not Available
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
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 $142,400
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

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 $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

    136 Total Sales

    Jimmy Thelusca
    Section Image

  • M

    Buyer's Agent in 2024

    Marc Deye

    RE/MAX

    (215) 500-3535

    21 Total Sales

    Marc Deye
    Section Image
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Map

Source: Bright MLS

MLS Number: PABK2025218

Bright MLS

APN: 14-5307-51-75-7718

Pennsylvania Berks County Reading 19601

437 Spring St, Reading, PA

This home is located at 437 Spring St, Reading, PA 19601 since 05 January 2023 and is currently estimated at $677,484, approximately $132 per square foot. This property was built in 1910. 437 Spring St is a home located in Berks County with nearby schools including Riverside Elementary School, Northwest Middle School, and Reading Senior High School.

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