NOT LISTED FOR SALE

518 Lake Ave Reading, PA 19610

Estimated Value: $430,000 - $496,845

4 Beds
2.5 Baths
2,102 Sq Ft
$220/Sq Ft Est. Value

Sale Details

Date Sold: January 17, 2025

Last sale price $486,000 $231 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,808 / mo

3 Days on Market

Highlights

  • Colonial Architecture
  • Recreation Room
  • No HOA
  • West Reading Elementary Center Rated A-
  • 1 Fireplace
  • 2 Car Attached Garage

About This Home

As of January 2025

SELLER HAS RECEIVED MULTIPLE OFFERS - OFFER DEADLINE IS THURSDAY 10/31 AT 5PM.
Brick Colonial in Wyomissing on 4th of July Parade Route! The 1st floor of this beautiful home offers a formal Living Room with hardwood floors, a wood burning fireplace & access to screened in Porch; Kraftmaid Kitchen with Stainless appliances, Granite countertops, Commercial Stove & tile floor; Formal Dining Room with hardwood floors; Powder Room; attached 2 car Garage & gorgeous fenced stone Patio with water feature; 2nd floor offers a large Primary Bedroom with hardwood floors, an updated hall Bath, 2nd Bedroom/ Office, 3rd Bedroom with hardwood Floors & access to 4th Bedroom & full Bath on 3rd Floor. Other features include a finished Rec Room and wet bar in lower level with lots of closet space, Generac generator, Shed and close proximity to Schools, Pool and more!

Last Agent to Sell the Property

Jodi Brick

(610) 372-3200 jodi@jodibrick.com BHHS Homesale Realty- Reading Berks License #RS286148 Listed on: 10/28/2024

BHHS Homesale Realty- Reading Berks

Co-Listed By

Nelson Oswald

(610) 372-3200 noswald@homesale.com BHHS Homesale Realty- Reading Berks

Last Buyer's Agent

Eric Miller

(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS316200

RE/MAX Of Reading

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,756

Year Built

  • Built in 1930

Lot Details

  • 6,098 Sq Ft Lot
  • Privacy Fence
  • Wood Fence
  • Zoning described as Low Density Residential District

Parking

  • 2 Car Attached Garage
  • 2 Driveway Spaces
  • Side Facing Garage
  • On-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Architectural Shingle Roof

Interior Spaces

  • Property has 3 Levels
  • 1 Fireplace
  • Living Room
  • Dining Room
  • Recreation Room
  • Partially Finished Basement
  • Laundry in Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Wyomissing Hills Elementary School
  • West Reading Middle School
  • Wyomissing Area Junior-Senior High School

Utilities

  • Central Air
  • Radiator
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 6139
  • Assessor Parcel Number 96-4396-12-77-6139

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,756

Year Built

Built in 1930

Lot Details

6,098 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: Kitchen Refrigerator, Washer & Dryer, Generator and Shed.
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2024-10-28
  • Federal Flood Zone: No
  • Year Built: 1930
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Recreation Room, Bathroom 1, Bathroom 2, Half Bath
  • Basement: Yes
  • Basement Type: Partially Finished
  • Laundry Type: Basement
  • Total Sq Ft: 2102
  • Living Area Sq Ft: 2102
  • Price Per Sq Ft: 269.13
  • Above Grade Finished Sq Ft: 1746
  • Below Grade Finished Sq Ft: 356
  • Total Below Grade Sq Ft: 356
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Architectural Shingle
  • 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
  • Garage Features: Garage - Side Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage, Driveway, On Street
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: WYOMISSING HILLS
  • High School: WYOMISSING AREA JUNIOR-SENIOR
  • Middle Or Junior School: WEST READING

Lot Info

  • Fencing: Privacy, Wood
  • Lot Size Acres: 0.14
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6098.00
  • Zoning: R-1
  • Zoning Description: Low Density Residential District

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 4119.00
  • Tax Annual Amount: 5756.00
  • Assessor Parcel Number: 96-4396-12-77-6139
  • Tax Lot: 6139
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: WYOMISSING AREA

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2024
Closed on
Jan 17, 2025
Sold by
Bought by
Seller's Agent
Jodi Brick
BHHS Homesale Realty- Reading Berks
Buyer's Agent
Eric Miller
RE/MAX Of Reading
List Price
$469,900
Sold Price
$486,000
Premium/Discount to List
$16,100
3.43%
Views
49
Current Estimated Value
$491,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,065
Avg. Annual Appreciation
-3.30%

Purchase Details

Closed on
Oct 29, 2004
Sold by
Bought by

Purchase Details

Closed on
Jan 10, 2004
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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 Buyer Sale Price Title Company
$486,000 Lighthouse Abstract
$205,000 --
-- --
Source: Public Records

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
01/17/2025 01/17/25 Sold $486,000 +3.4% $231 / Sq Ft
11/01/2024 11/01/24 Pending -- -- --
10/28/2024 10/28/24 For Sale $469,900 -- $224 / 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 $1,865 $119,100 $46,500 $72,600
2025 $1,746 $119,100 $46,500 $72,600
2024 $5,666 $119,100 $46,500 $72,600
2023 $5,302 $119,100 $46,500 $72,600
2022 $5,324 $119,100 $46,500 $72,600
2021 $5,248 $119,100 $46,500 $72,600
2020 $5,162 $119,100 $46,500 $72,600
2019 $5,029 $119,100 $46,500 $72,600
2018 $4,957 $119,100 $46,500 $72,600
2017 $4,923 $119,100 $46,500 $72,600
2016 $1,316 $119,100 $46,500 $72,600
2015 $1,316 $119,100 $46,500 $72,600
2014 $1,316 $119,100 $46,500 $72,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK2050020

Bright MLS

APN: 96-4396-12-77-6139

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