NOT LISTED FOR SALE

524 Franklin St West Reading, PA 19611

Estimated Value: $160,000 - $288,000

-- Bed
2 Baths
1,719 Sq Ft
$137/Sq Ft Est. Value

Last Sold December 31, 2014

Last sale price $60,000 $35 Per Sq Ft

Est. 292% increase in value since last sale

Current estimated payment $1,461/month

89 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • En-Suite Primary Bedroom
  • West Reading Elementary Center Rated A-
  • 2 Car Detached Garage
  • Heating System Uses Oil

About This Home

As of December 2014

2 Unit located in Wyomissing school district. 2-car Detached garage can also be leased out. This is a FannieMae HomePath Property. Buyer is responsible for any municipal inspections/repairs as required. Fannie Mae HomePath Property Buyer pays both sides of Transfer Taxes.

Last Agent to Sell the Property

Richard Sachetta

Bold Realty License #RS229104 Listed on: 09/26/2014

Bold Realty

Last Buyer's Agent

Angelo Giannotti

RE/MAX Of Reading License #RS-271069

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 2,614 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • 2 Open Parking Spaces

Home Design

  • Brick Exterior Construction
  • Pitched Roof

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,719 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick

Schools

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

Utilities

  • Heating System Uses Oil
  • 100 Amp Service
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Operating Expense $3,451

Listing and Financial Details

  • Tax Lot 0764
  • Assessor Parcel Number 93-5306-05-29-0764

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Remarks Public: 2 Unit located in Wyomissing school district. 2-car Detached garage can also be leased out. This is a FannieMae HomePath Property. Buyer is responsible for any municipal inspections/repairs as required. Fannie Mae HomePath Property Buyer pays both sides of Transfer Taxes.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Tile/Brick
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 1719
  • Living Area Sq Ft: 1719
  • Price Per Sq Ft: 34.85
  • Above Grade Finished Sq Ft: 1719
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 524

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Roof: Pitched
  • 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
  • Open Parking Spaces Count: 2
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Oil
  • Heating Type: Oil
  • 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

Schools

  • School District: WYOMISSING AREA
  • Elementary School: WEST READING
  • Middle School: WYOMISSING AREA JUNIOR-SENIOR
  • High School: WYOMISSING AREA JUNIOR-SENIOR
  • School District Key: 300200397308
  • Elementary School: WEST READING
  • High School: WYOMISSING AREA JUNIOR-SENIOR
  • Middle Or Junior School: WYOMISSING AREA JUNIOR-SENIOR

Lot Info

  • Improvement Assessed Value: 60500.00
  • Land Assessed Value: 18000.00
  • Land Use Code: 161
  • Lot Size Acres: 0.06
  • Lot Dimensions: 00X00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2614.00
  • Zoning: RESID

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1587477
  • Tax Annual Amount: 3451.00
  • Assessor Parcel Number: 93-5306-05-29-0764
  • Tax Lot: 0764
  • Tax Year: 2014
  • Close Date: 12/31/2014

MLS Schools

  • School District Name: WYOMISSING AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2017
Sold by
Deutsche Bank National Trust Company and Bender James L
Bought by
Re Equity Investments Llc
Total Days on Market
89
Current Estimated Value
$234,997

Purchase Details

Listed on
Sep 26, 2014
Closed on
Dec 31, 2014
Sold by
Fannie Mae
Bought by
Giannotti Andrea
Seller's Agent
Richard Sachetta
Bold Realty
Buyer's Agent
Angelo Giannotti
RE/MAX Of Reading
List Price
$86,900
Sold Price
$60,000
Premium/Discount to List
-$26,900
-30.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.93%

Purchase Details

Closed on
Oct 28, 2005
Sold by
May Marilyn
Bought by
May Ryan F and May Michele L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,280
Interest Rate
6.39%
Mortgage Type
Fannie Mae Freddie Mac
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
Re Equity Investments Llc $38,000 None Available
Giannotti Andrea $60,000 Land Title Services
May Ryan F $104,100 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Giannotti Andrea $100,000
Previous Owner Giannotti Andrea $60,000
Previous Owner May Ryan F $22,625
Previous Owner May Ryan F $83,280
Previous Owner May Marilyn $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2014 12/31/14 Sold $60,000 -31.0% $35 / Sq Ft
12/24/2014 12/24/14 Pending -- -- --
09/26/2014 09/26/14 For Sale $86,900 -- $51 / 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 $1,775 $78,500 $18,000 $60,500
2024 $4,339 $78,500 $18,000 $60,500
2023 $2,880 $78,500 $18,000 $60,500
2022 $4,027 $78,500 $18,000 $60,500
2021 $3,957 $78,500 $18,000 $60,500
2020 $3,842 $78,500 $18,000 $60,500
2019 $3,762 $78,500 $18,000 $60,500
2018 $3,656 $78,500 $18,000 $60,500
2017 $3,575 $78,500 $18,000 $60,500
2016 $1,152 $78,500 $18,000 $60,500
2015 $1,152 $78,500 $18,000 $60,500
2014 $1,113 $78,500 $18,000 $60,500
Source: Public Records

Agents Affiliated with this Home

  • Richard Sachetta

    Seller's Agent in 2014

    Richard Sachetta

    Bold Realty

    (610) 507-4198

    71 Total Sales

    Richard Sachetta
    Section Image
  • Angelo Giannotti

    Buyer's Agent in 2014

    Angelo Giannotti

    RE/MAX of Reading

    (610) 334-3431

    1 in this area

    238 Total Sales

    Angelo Giannotti
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003096808

Bright MLS

APN: 93-5306-05-29-0764

Pennsylvania Berks County West Reading 19611

524 Franklin St, West Reading, PA

This home is located at 524 Franklin St, West Reading, PA 19611 since 26 September 2014 and is currently estimated at $234,997, approximately $136 per square foot. This property was built in 1920. 524 Franklin St is a home located in Berks County with nearby schools including West Reading Elementary Center, Wyomissing Hills Elementary Center, and Wyomissing Area Junior-Senior High School.

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