NOT LISTED FOR SALE

Estimated Value: $341,703

-- Bed
-- Bath
5,023 Sq Ft
$68/Sq Ft Est. Value

Last Sold November 03, 2021

Last sale price $145,000 $29 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $1,952/month

Highlights

  • Straight Thru Architecture
  • Galley Kitchen
  • Built-In Features
  • No HOA
  • Bay Window
  • Tile or Brick Flooring

About This Home

As of November 2021

Check out this charming mixed use commercial and residential downtown property. Possibilities are only limited by your imagination and working with zoning on uses. This building has the word Location written all over it with great visibility and exposure on a high traffic street. Walking distance to the coming Alvernia College town area. Loaded with detail and craftmanship that is hard to find in modern day buildings. Boasting over 5000 sq. ft. there is not a shortage of space in this building. The first floor with 5 generous sized offices and 2 half baths. 2 offices could easily be used as conference rooms with plenty of space for group meetings. Used as a law firm for over 30 years, floors 1 and 2 provide straight through open concept with exceptional space for multiple business uses. The 3rd floor residential apartment is approximately 600 sq.ft. and was just rented for $750 a month. Featuring Dual Zoned HVAC and Central Air on floors 1 and 2 with gas heat and gas hot water and separate utility meters. The second floor has an additional 4 offices with space for 1 to be used as another conference room. Be sure to check out the basement stretches nearly the entire footprint with more than enough storage space for the new owner’s needs.
Check with zoning for possible uses.

Last Agent to Sell the Property

Anthony Borelli

(610) 507-3520 anthonyborelli@comcast.net Century 21 Gold License #RS227951L Listed on: 07/30/2021

Century 21 Gold

Last Buyer's Agent

Zylkia Rivera

(484) 769-5873 zrivera@teamriverarealtors.com Keller Williams Platinum Realty - Wyomissing License #RS337559

Keller Williams Platinum Realty - Wyomissing

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,842

Year Built

  • Built in 1890

Lot Details

  • 1,742

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Straight Thru Architecture
  • Brick Exterior Construction

Interior Spaces

  • Walk-in Shower
  • 5,023 Sq Ft Home
  • Built-In Features
  • Ceiling height of 9 feet or more
  • Bay Window
  • Unfinished Basement
  • Interior and Exterior Basement Entry

Kitchen

  • Galley Kitchen
  • Electric Oven or Range
  • Range Hood

Flooring

  • Carpet
  • Tile or Brick
  • Vinyl

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • 1,742 Sq Ft Lot
  • Urban Location

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tax Lot 1783
  • Assessor Parcel Number 07-5307-83-80-1783

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,842

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1890
  • Automatically Close On Close Date: No
  • Remarks Public: Check out this charming mixed use commercial and residential downtown property. Possibilities are only limited by your imagination and working with zoning on uses. This building has the word Location written all over it with great visibility and exposure on a high traffic street. Walking distance to the coming Alvernia College town area. Loaded with detail and craftmanship that is hard to find in modern day buildings. Boasting over 5000 sq. ft. there is not a shortage of space in this building. The first floor with 5 generous sized offices and 2 half baths. 2 offices could easily be used as conference rooms with plenty of space for group meetings. Used as a law firm for over 30 years, floors 1 and 2 provide straight through open concept with exceptional space for multiple business uses. The 3rd floor residential apartment is approximately 600 sq.ft. and was just rented for $750 a month. Featuring Dual Zoned HVAC and Central Air on floors 1 and 2 with gas heat and gas hot water and separate utility meters. The second floor has an additional 4 offices with space for 1 to be used as another conference room. Be sure to check out the basement stretches nearly the entire footprint with more than enough storage space for the new owner’s needs. Check with zoning for possible uses.
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Electric, Range Hood, Refrigerator
  • Flooring Type: Carpet, Tile/Brick, Vinyl
  • Interior Amenities: Built-Ins, Kitchen - Galley, Stall Shower
  • Window Features: Bay/Bow
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings
  • Basement: Yes
  • Basement Type: Interior Access, Unfinished, Outside Entrance
  • Total Sq Ft: 5023
  • Living Area Sq Ft: 5023
  • Price Per Sq Ft: 29.84
  • Above Grade Finished Sq Ft: 5023
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 522

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Road Surface Type: Paved
  • Spa: No
  • 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: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 42600.00
  • Land Assessed Value: 22400.00
  • Land Use Code: 4127
  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Zoning: C-C

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1445436
  • School Tax: 1165.00
  • Tax Annual Amount: 2842.00
  • Assessor Parcel Number: 07-5307-83-80-1783
  • Tax Lot: 1783
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 11/03/2021

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3
  • Single Room Units Count: 2

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2025
Sold by
Smart Solutions General Contractor Llc
Bought by
M Squared Investments Llc
Current Estimated Value
$341,703

Purchase Details

Listed on
Jul 30, 2021
Closed on
Nov 3, 2021
Sold by
Gillis Ronnie K and Baran Kimberly
Bought by
Smart Solutions General Contractor Llc
Seller's Agent
Anthony Borelli
Century 21 Gold
Buyer's Agent
Zylkia Rivera
Keller Williams Platinum Realty - Wyomissing
List Price
$149,900
Sold Price
$145,000
Premium/Discount to List
-$4,900
-3.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.58%
Original Mortgage
$134,000
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 22, 2020
Closed on
Jan 2, 2021
Sold by
Boccabella John A and Boccabella Kathleen C
Bought by
Gillis Ronnie K and Baran Kimberly
Seller's Agent
Bobby Hulmes
Iron Valley Real Estate of Berks
Buyer's Agent
Terry Upshur
Compass RE
List Price
$129,900
Sold Price
$124,900
Premium/Discount to List
-$5,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.51%
Source: Public Records

Range of Values:

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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
M Squared Investments Llc $322,500 Conestoga Title
Smart Solutions General Contractor Llc $145,000 Prime Transfer Inc
Gillis Ronnie K $124,900 Springfield Abstract
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smart Solutions General Contractor Llc $134,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2021 11/03/21 Sold $145,000 -3.3% $29 / Sq Ft
10/04/2021 10/04/21 For Sale $149,900 +3.4% $30 / Sq Ft
08/12/2021 08/12/21 Pending -- -- --
08/12/2021 08/12/21 Off Market $145,000 -- --
07/30/2021 07/30/21 For Sale $149,900 +20.0% $30 / Sq Ft
01/15/2021 01/15/21 Sold $124,900 -3.8% $25 / Sq Ft
12/01/2020 12/01/20 Pending -- -- --
11/23/2020 11/23/20 For Sale $129,900 0.0% $26 / Sq Ft
10/02/2020 10/02/20 Pending -- -- --
09/22/2020 09/22/20 For Sale $129,900 0.0% $26 / Sq Ft
11/05/2016 11/05/16 Rented $450 0.0% --
11/05/2016 11/05/16 Under Contract -- -- --
10/10/2016 10/10/16 For Rent $450 -- --
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 $1,764 $65,000 $22,400 $42,600
2024 $2,886 $65,000 $22,400 $42,600
2023 $2,842 $65,000 $22,400 $42,600
2022 $2,842 $65,000 $22,400 $42,600
2021 $2,842 $65,000 $22,400 $42,600
2020 $2,813 $65,000 $22,400 $42,600
2019 $2,813 $65,000 $22,400 $42,600
2018 $2,813 $65,000 $22,400 $42,600
2017 $2,794 $65,000 $22,400 $42,600
2016 $1,596 $65,000 $22,400 $42,600
2015 $1,596 $65,000 $22,400 $42,600
2014 $1,469 $65,000 $22,400 $42,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK2002384

Bright MLS

APN: 07-5307-83-80-1783