NOT LISTED FOR SALE

516 Laurel St Reading, PA 19602

Estimated Value: $140,000 - $193,000

3 Beds
1 Bath
1,259 Sq Ft
$131/Sq Ft Est. Value

Last Sold June 13, 2024

Last sale price $154,900 $123 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $935/month

101 Days on Market

Highlights

  • Dutch Architecture
  • 90% Forced Air Heating System
  • 5-minute walk to Reading Skatepark
  • No HOA

About This Home

As of June 2024

Welcome to 516 Laurel St, a stunning and fully remodeled 3-bedroom home located in the historical district of Reading! Offering a turnkey opportunity for both investors and homeowners. This property is ready for you to move in or start generating income immediately. This home boasts three spacious bedrooms, providing ample space for a growing family or for hosting guests. FULLY REMODLED!! The recent renovations ensure that the home has a fresh and modern feel throughout. The heart of this home is its brand new kitchen, equipped with stainless steel appliances. Conveniently located in the growing City of Reading! With Penn Street just a few streets away, Penn Ave across the bridge, and located near major highways everything you could desire from lounges, night life, cafes, family entertainment centers, and shopping is just a few minutes away. Whether you're looking to generate rental income or establish a comfortable and stylish home for yourself, this property has it all. Don't miss out on this exceptional opportunity - contact us today to learn more and schedule a viewing. Our dedicated team is ready to assist you in securing this stunning home.

Last Agent to Sell the Property

Jose Manzueta

(484) 219-9232 josemanzueta946@gmail.com JM Diamond Realty License #RM426115 Listed on: 02/02/2024

Co-Listed By

Suli Morales

(484) 818-8079 suli.morales@icloud.com Iron Valley Real Estate of Berks

Last Buyer's Agent

HERNAN DELGADO

(484) 450-8771 hernandelgadoguzman@gmail.com Iron Valley Real Estate of Berks License #RS366446

Iron Valley Real Estate of Berks

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,154

Year Built

  • Built in 1900

Lot Details

  • 1,400 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Dutch Architecture
  • Brick Exterior Construction
  • Stone Foundation

Interior Spaces

  • 1,259 Sq Ft Home
  • Property has 2.5 Levels
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • 90% Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Reading Subdivision

Listing and Financial Details

  • Tax Lot 0335
  • Assessor Parcel Number 01-5306-43-87-0335

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,154

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Dutch
  • Ownership: Fee Simple
  • Inclusions: Refrigerator, stove
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to 516 Laurel St, a stunning and fully remodeled 3-bedroom home located in the historical district of Reading! Offering a turnkey opportunity for both investors and homeowners. This property is ready for you to move in or start generating income immediately. This home boasts three spacious bedrooms, providing ample space for a growing family or for hosting guests. FULLY REMODLED!! The recent renovations ensure that the home has a fresh and modern feel throughout. The heart of this home is its brand new kitchen, equipped with stainless steel appliances. Conveniently located in the growing City of Reading! With Penn Street just a few streets away, Penn Ave across the bridge, and located near major highways everything you could desire from lounges, night life, cafes, family entertainment centers, and shopping is just a few minutes away. Whether you're looking to generate rental income or establish a comfortable and stylish home for yourself, this property has it all. Don't miss out on this exceptional opportunity - contact us today to learn more and schedule a viewing. Our dedicated team is ready to assist you in securing this stunning home.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Levels Count: 2.5
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1259
  • Living Area Sq Ft: 1259
  • Price Per Sq Ft: 123.03
  • Above Grade Finished Sq Ft: 1259
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 516

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • 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
  • Heating Fuel: Oil
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Land Use Code: 117R
  • Lot Size Acres: 0.03
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1400.00
  • Year Assessed: 2023
  • Zoning: HISTORIC

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 473.00
  • Tax Annual Amount: 1154.00
  • Assessor Parcel Number: 01-5306-43-87-0335
  • Tax Lot: 0335
  • Tax Total Finished Sq Ft: 1259
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 06/13/2024

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2024
Closed on
Jun 12, 2024
Sold by
Lape Brandon
Bought by
Ramirez Yovanny A Baez
Seller's Agent
Jose Manzueta
JM Diamond Realty
Buyer's Agent
HERNAN DELGADO
Iron Valley Real Estate of Berks
List Price
$154,900
Sold Price
$154,900
Views
215
Current Estimated Value
$165,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,114
Avg. Annual Appreciation
2.28%
Original Mortgage
$152,093
Outstanding Balance
$150,484
Interest Rate
7.22%
Mortgage Type
FHA
Estimated Equity
$8,994

Purchase Details

Closed on
Feb 24, 2022
Sold by
Liberty Investing Llc
Bought by
Lape Brandon

Purchase Details

Closed on
Mar 31, 2014
Sold by
Kershner Jane L
Bought by
Liberty Investing Llc
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
Ramirez Yovanny A Baez $154,900 None Listed On Document
Lape Brandon $5,000 None Listed On Document
Liberty Investing Llc $11,000 Conestoga Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Yovanny A Baez $152,093
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2024 06/13/24 Sold $154,900 0.0% $123 / Sq Ft
05/16/2024 05/16/24 Off Market $154,900 -- --
05/13/2024 05/13/24 For Sale $154,900 0.0% $123 / Sq Ft
05/13/2024 05/13/24 Pending -- -- --
05/09/2024 05/09/24 Off Market $154,900 -- --
04/22/2024 04/22/24 Off Market $154,900 -- --
04/20/2024 04/20/24 Pending -- -- --
03/29/2024 03/29/24 For Sale $154,900 0.0% $123 / Sq Ft
03/19/2024 03/19/24 Pending -- -- --
02/11/2024 02/11/24 Price Changed $154,900 -6.1% $123 / Sq Ft
02/02/2024 02/02/24 For Sale $165,000 -- $131 / 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 $717 $26,400 $5,500 $20,900
2024 $1,172 $26,400 $5,500 $20,900
2023 $1,154 $26,400 $5,500 $20,900
2022 $1,154 $26,400 $5,500 $20,900
2021 $1,154 $26,400 $5,500 $20,900
2020 $1,142 $26,400 $5,500 $20,900
2019 $1,142 $26,400 $5,500 $20,900
2018 $1,142 $26,400 $5,500 $20,900
2017 $1,135 $26,400 $5,500 $20,900
2016 $648 $26,400 $5,500 $20,900
2015 $648 $26,400 $5,500 $20,900
2014 $597 $26,400 $5,500 $20,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK2039282

Bright MLS

APN: 01-5306-43-87-0335