NOT LISTED FOR SALE

500 Fern Ave Reading, PA 19611

Estimated Value: $269,268 - $313,000

-- Bed
2 Baths
2,108 Sq Ft
$137/Sq Ft Est. Value

Last Sold March 31, 2020

Last sale price $165,000 $78 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $1,722/month

Highlights

  • Traditional Architecture
  • No HOA
  • Hot Water Heating System
  • 1 Fireplace
  • 2 Car Attached Garage

About This Home

As of March 2020

Wonderfully maintained two unit! Property is pleasantly in move in condition! Spacious rooms, plenty of square footage, and modern touches! One unit has 3 bedrooms, kitchen, living room with Wood Burning Fireplace, and 1st floor laundry. This unit is currently occupied with a lease that runs through February 2020. Second unit is a one bedroom vacant and ready to go! Units could easily be converted into two..two bedroom units if desired! Current rental amount on the 3 bedroom unit is 1100./month and 1 bedroom unit is 625./month! Both units have private separate entrances! Built in two car garage in addition to four car off street parking with a large backyard! Convenient location...close to park and shopping!

Last Agent to Sell the Property

Lauren Clemens

(484) 955-1550 laurenclemens@remax.net RE/MAX Of Reading License #RS-214760-L Listed on: 10/07/2019

RE/MAX Of Reading

Last Buyer's Agent

Scott Goetz

(610) 621-8342 sgoetz@c21gold.com Century 21 Gold License #RS110187a

Century 21 Gold

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,739

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Property is in good condition

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces
  • Basement Garage
  • Driveway
  • On-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Frame Construction

Interior Spaces

  • 2,108 Sq Ft Home
  • 1 Fireplace
  • Partial Basement

Utilities

  • Hot Water Heating System
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1186
  • Assessor Parcel Number 18-5306-57-64-1186

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 2-Story Building

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,739

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • Inclusions: 2-Range/Ovens, 2-Refrigerators, 1-Split System
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: Wonderfully maintained two unit! Property is pleasantly in move in condition! Spacious rooms, plenty of square footage, and modern touches! One unit has 3 bedrooms, kitchen, living room with Wood Burning Fireplace, and 1st floor laundry. This unit is currently occupied with a lease that runs through February 2020. Second unit is a one bedroom vacant and ready to go! Units could easily be converted into two..two bedroom units if desired! Current rental amount on the 3 bedroom unit is 1100./month and 1 bedroom unit is 625./month! Both units have private separate entrances! Built in two car garage in addition to four car off street parking with a large backyard! Convenient location...close to park and shopping!
  • Special Features: None

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Room Count: 8
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 2108
  • Living Area Sq Ft: 2108
  • Price Per Sq Ft: 78.27
  • Above Grade Finished Sq Ft: 2108
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 500

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 2
  • Garage Features: Basement Garage, Built In
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway, On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 56300.00
  • Land Assessed Value: 30100.00
  • Land Use Code: 111
  • Lot Size Acres: 0.20
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8712.00
  • Property Condition: Good
  • Year Assessed: 2020
  • Zoning: R-2

Rental Info

  • Existing Lease Type: Long Term
  • Number Of Units Month To Month: 1
  • Rent Control: No
  • Total Actual Rent: 20700.00
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1464974
  • School Tax: 1549.00
  • Tax Annual Amount: 3739.00
  • Assessor Parcel Number: 18-5306-57-64-1186
  • Tax Lot: 1186
  • Tax Page Number: 28
  • Tax Total Finished Sq Ft: 2108
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 03/31/2020

Multi Family

  • Number Of Units Vacant: 1
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2019
Closed on
Mar 31, 2020
Sold by
Hammond Bonnie J and Kendall Sharon A
Bought by
Rodriguez Joshua R Rodriguez
Seller's Agent
Lauren Clemens
RE/MAX Of Reading
Buyer's Agent
Scott Goetz
Century 21 Gold
List Price
$185,000
Sold Price
$165,000
Premium/Discount to List
-$20,000
-10.81%
Current Estimated Value
$288,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,067
Avg. Annual Appreciation
10.58%
Original Mortgage
$162,011
Outstanding Balance
$144,112
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$143,955

Purchase Details

Closed on
Nov 3, 2003
Sold by
Hammond Bonnie J and Kendall Sharon A
Bought by
Hammond Bonnie J and Kendall Sharon A
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 Joshua R Rodriguez $165,000 Wyomissing Abstract Llc
Hammond Bonnie J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Joshua R Rodriguez $162,011
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2020 03/31/20 Sold $165,000 0.0% $78 / Sq Ft
02/11/2020 02/11/20 Pending -- -- --
01/19/2020 01/19/20 Price Changed $165,000 -5.7% $78 / Sq Ft
12/18/2019 12/18/19 Price Changed $174,900 -5.5% $83 / Sq Ft
10/07/2019 10/07/19 For Sale $185,000 -- $88 / 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 $2,345 $86,400 $30,100 $56,300
2024 $3,837 $86,400 $30,100 $56,300
2023 $3,777 $86,400 $30,100 $56,300
2022 $3,777 $86,400 $30,100 $56,300
2021 $3,777 $86,400 $30,100 $56,300
2020 $3,739 $86,400 $30,100 $56,300
2019 $3,739 $86,400 $30,100 $56,300
2018 $3,739 $86,400 $30,100 $56,300
2017 $3,714 $86,400 $30,100 $56,300
2016 $2,122 $86,400 $30,100 $56,300
2015 $2,122 $86,400 $30,100 $56,300
2014 $1,953 $86,400 $30,100 $56,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK349078

Bright MLS

APN: 18-5306-57-64-1186