NOT LISTED FOR SALE

512 Spring St Reading, PA 19601

Studio
4 Baths
3,242 Sq Ft
1,307 Sq Ft Lot

Last Sold October 25, 2021

Last sale price $290,000 $89 Per Sq Ft

112 Days on Market

Highlights

  • City View
  • Corner Lot
  • Multiple Balconies
  • Traditional Architecture
  • No HOA
  • Brick Porch or Patio

About This Home

As of October 2021

INVESTOR ALERT!!! Immaculate and fully renovated! There is nothing left to be done in this beautifully maintained 4-unit building on the edge of the Centre Park Historical District. New exterior paint just completed, replacement windows installed in 2012, new roof in 2018, new super efficient heater/hot water in 2013, new electric panels in 2017. All units fully renovated over the past several years. On-site coin operated Speed Queen washer and dryer provide additional income averaging $325/month. All this and a 10% CAP, section 8 approved.

Last Agent to Sell the Property

Krista Templin

(888) 397-7352 pa.broker@exprealty.com EXP Realty, LLC License #RS353100 Listed on: 07/02/2021

EXP Realty, LLC

Last Buyer's Agent

Angelo Giannotti

(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS-271069

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,336

Year Built

  • Built in 1880

Lot Details

  • 1,500 Sq Ft Lot
  • Lot Dimensions are 15.00 x 100.00
  • Corner Lot
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Traditional Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Rubber Roof

Interior Spaces

  • 3,242 Sq Ft Home
  • Replacement Windows
  • Double Hung Windows
  • City Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Built-In Range
  • Range Hood

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Escape

Outdoor Features

  • Multiple Balconies
  • Brick Porch or Patio
  • Rain Gutters

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • 200+ Amp Service
  • Summer or Winter Changeover Switch For Hot Water
  • Cable TV Available

Listing and Financial Details

  • The owner pays for heat, insurance, sewer, real estate taxes, trash collection, water
  • Tax Lot 0623
  • Assessor Parcel Number 14-5307-51-85-0623

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 3-Story Building

Building Details

  • Income includes apartment rentals, laundry
  • Insurance Expense $1,632
  • Trash Expense $815
  • Operating Expense $10,624
  • Gross Income $38,400
  • Net Operating Income $31,676

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,336

Year Built

Built in 1880

Lot Details

1,500 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • Inclusions: 4 Refrigerators, 4 Ranges, Speed Queen Washer and Dryer
  • New Construction: No
  • Year Built: 1880
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None

Interior Features

  • Appliances: Built-In Range, Range Hood, Refrigerator
  • Window Features: Double Hung, Replacement
  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 3242
  • Living Area Sq Ft: 3242
  • Price Per Sq Ft: 90.99
  • Above Grade Finished Sq Ft: 3242
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Fire Escape, Sidewalks, Street Lights, Gutter System
  • Roof: Rubber, Flat
  • Spa: No
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Previous Twelve Months Electric Expense: 468.00
  • Electric Service: 200+ Amp Service
  • Gas Avg Month: 164.00
  • Gas Prev12 Months: 1968.00
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: S/W Changeover
  • Security: Carbon Monoxide Detector(s), Fire Detection System
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Previous Twelve Months: 1896.00
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 64300.00
  • Land Assessed Value: 12000.00
  • Lot Size Acres: 0.03
  • Lot Dimensions: 15.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1500.00
  • Outdoor Living Structures: Balconies- Multiple, Brick
  • Property Condition: Excellent
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Heat, Insurance, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 38400.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1454180
  • School Tax: 1368.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 3336.00
  • Assessor Parcel Number: 14-5307-51-85-0623
  • Tax Lot: 0623
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

Multi Family

  • Gross Income: 42300.00
  • Gross Scheduled Income: 38400.00
  • Income Includes: Apartment Rentals, Laundry
  • Operating Expense: 10624.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: READING
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Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2021 10/25/21 Sold $290,000 -1.7% $89 / Sq Ft
10/22/2021 10/22/21 Pending -- -- --
10/20/2021 10/20/21 For Sale $295,000 0.0% $91 / Sq Ft
07/12/2021 07/12/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $295,000 -- $91 / Sq Ft
Source: Bright MLS

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 $2,071 $76,300 $12,000 $64,300
2024 $3,388 $76,300 $12,000 $64,300
2023 $3,336 $76,300 $12,000 $64,300
2022 $3,336 $76,300 $12,000 $64,300
2021 $3,336 $76,300 $12,000 $64,300
2020 $3,302 $76,300 $12,000 $64,300
2019 $3,302 $76,300 $12,000 $64,300
2018 $3,302 $76,300 $12,000 $64,300
2017 $3,280 $76,300 $12,000 $64,300
2016 $1,874 $76,300 $12,000 $64,300
2015 $1,874 $76,300 $12,000 $64,300
2014 $1,724 $76,300 $12,000 $64,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK2001040

Bright MLS

APN: 5307-51-85-0623

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