NOT LISTED FOR SALE

512 Spring St Reading, PA 19601

Studio
4 Baths
3,242 Sq Ft
1,500 Sq Ft Lot Lot

Sale Details

Date 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $2,154 $76,300 $12,000 $64,300
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

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Map

Source: Bright MLS

MLS Number: PABK2001040

Bright MLS

APN: 5307-51-85-0623

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