NOT LISTED FOR SALE

503 Franklin St West Reading, PA 19611

Estimated Value: $308,000 - $516,000

-- Bed
6 Baths
2,448 Sq Ft
$169/Sq Ft Est. Value

Last Sold September 29, 2017

Last sale price $130,000 $53 Per Sq Ft

Est. 217% increase in value since last sale

Current estimated payment $2,377/month

Highlights

  • 0.11 Acre Lot
  • No HOA
  • Heating System Uses Oil
  • West Reading Elementary Center Rated A-
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of September 2017

Multi Unit

Last Agent to Sell the Property

Graziellina Kerber

(484) 638-2907 gkerber@goberkscounty.com RE/MAX Of Reading License #RS303086 Listed on: 08/24/2017

RE/MAX Of Reading

Last Buyer's Agent

Ronald Samsel

(941) 842-6100 ron@berksrealtor.com United Real Estate Strive 212 License #RS202136L

United Real Estate Strive 212

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot
  • Property is in below average condition

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Stucco

Interior Spaces

  • 2,448 Sq Ft Home
  • Basement Fills Entire Space Under The House

Schools

  • Wyomissing Area Junior-Senior High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Oil
  • 100 Amp Service
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Operating Expense $4,950

Listing and Financial Details

  • Tax Lot 2955
  • Assessor Parcel Number 93-5306-05-29-2955

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property
  • Inclusions: 5 Stoves, 5 Ref's.
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2448
  • Living Area Sq Ft: 2448
  • Price Per Sq Ft: 53.10
  • Above Grade Finished Sq Ft: 2448
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stucco, Brick
  • Exterior Features: Sidewalks
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Cooling: Yes
  • Electric Service: 100 Amp Service
  • Heating Fuel: Oil, Natural Gas
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: WYOMISSING AREA JUNIOR-SENIOR

Lot Info

  • Improvement Assessed Value: 86900.00
  • Land Assessed Value: 21800.00
  • Lot Size Acres: 0.11
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Property Condition: Below Average
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

Tax Info

  • Assessor Parcel Number: 1587509
  • Tax Annual Amount: 4950.00
  • Assessor Parcel Number: 93-5306-05-29-2955
  • Tax Lot: 2955
  • Tax Year: 2017

MLS Schools

  • School District Name: WYOMISSING AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 25, 2020
Sold by
Alb Apartments Llc
Bought by
Rumi Properties Llc
Current Estimated Value
$412,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Outstanding Balance
$13,187
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$399,459

Purchase Details

Listed on
Aug 24, 2017
Closed on
Sep 29, 2017
Sold by
Cerniglia Santina E and Cerniglia Santino E
Bought by
Alb Apartments Llc
Seller's Agent
Graziellina Kerber
RE/MAX Of Reading
Buyer's Agent
Ronald Samsel
United Real Estate Strive 212
List Price
$130,000
Sold Price
$130,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.19%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rumi Properties Llc $330,000 Edge Abstract
Alb Apartments Llc $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rumi Properties Llc $247,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2017 09/29/17 Sold $130,000 0.0% $53 / Sq Ft
08/24/2017 08/24/17 Pending -- -- --
08/24/2017 08/24/17 For Sale $130,000 -- $53 / 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 $2,458 $108,700 $21,800 $86,900
2024 $6,008 $108,700 $21,800 $86,900
2023 $3,988 $108,700 $21,800 $86,900
2022 $5,576 $108,700 $21,800 $86,900
2021 $5,480 $108,700 $21,800 $86,900
2020 $5,320 $108,700 $21,800 $86,900
2019 $5,209 $108,700 $21,800 $86,900
2018 $5,063 $108,700 $21,800 $86,900
2017 $4,950 $108,700 $21,800 $86,900
2016 $1,595 $108,700 $21,800 $86,900
2015 $1,595 $108,700 $21,800 $86,900
2014 $1,542 $108,700 $21,800 $86,900
Source: Public Records

Agents Affiliated with this Home

  • Graziellina Kerber

    Seller's Agent in 2017

    Graziellina Kerber

    RE/MAX of Reading

    (484) 638-2907

    1 in this area

    77 Total Sales

    Graziellina Kerber
    Section Image
  • Ronald Samsel

    Buyer's Agent in 2017

    Ronald Samsel

    United Real Estate Strive 212

    (941) 842-6100

    1 in this area

    115 Total Sales

    Ronald Samsel
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000450055

Bright MLS

APN: 93-5306-05-29-2955

Pennsylvania Berks County West Reading 19611

503 Franklin St, West Reading, PA

Not Listed for Sale

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