NOT LISTED FOR SALE

525 E Lancaster Ave Shillington, PA 19607

Estimated Value: $843,549 - $1,403,000

-- Bed
5 Baths
-- Sq Ft
0.26 Acres

Last Sold September 26, 2012

Last sale price $430,000

Est. 157% increase in value since last sale

Current estimated payment $6,715/month

99 Days on Market

Highlights

  • 0.26 Acre Lot
  • En-Suite Primary Bedroom
  • Laundry Facilities
  • No HOA
  • Forced Air Heating System
  • 4-minute walk to Shillington Park

About This Home

As of September 2012

5 Units (3 One Bedroom Apartments and 2 Two Bedroom Apartments) Plus Commercial Space (Currently used as Hair Salon) * Great Location, Across from Shillinton Shopping Center * Walk to School, Shops and Bus Service. * Beauty Salon Currently pays $1,387.00 Monthly plus 1/3 of taxes.

Last Agent to Sell the Property

Richard Henry

RE/MAX Of Reading License #RS-228470-L Listed on: 04/18/2012

RE/MAX Of Reading

Last Buyer's Agent

Robert Kearney

RE/MAX Of Reading

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,529

Year Built

  • Built in 1965

Lot Details

  • 0.26 Acre Lot
  • Property is in good condition

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Driveway
  • Parking Lot

Schools

  • Governor Mifflin High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas
  • Natural Gas Water Heater

Additional Features

  • En-Suite Primary Bedroom
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Tax Lot 9295
  • Assessor Parcel Number 77-4396-20-90-9295

Community Details

Building Details

  • Insurance Expense $3,124
  • Operating Expense $9,653

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,529

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Room List: Master Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Common

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 8
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Driveway, Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • 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: GOVERNOR MIFFLIN
  • High School: GOVERNOR MIFFLIN
  • School District Key: 300200397317
  • High School: GOVERNOR MIFFLIN

Lot Info

  • Improvement Assessed Value: 119200.00
  • Land Assessed Value: 64600.00
  • Land Use Code: 4200
  • Lot Size Acres: 0.26
  • Lot Dimensions: IRREGULAR
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11326.00
  • Property Condition: Good
  • Zoning: COMM

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 51394.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

Tax Info

  • Assessor Parcel Number: 1565211
  • Tax Annual Amount: 6529.00
  • Assessor Parcel Number: 77-4396-20-90-9295
  • Tax Lot: 9295
  • Tax Year: 2012
  • Close Date: 09/26/2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2012
Closed on
Sep 26, 2012
Sold by
Causa Jack J and Causa David M
Bought by
Redevelopment Authority Of The County Of
Seller's Agent
Richard Henry
RE/MAX Of Reading
Buyer's Agent
Robert Kearney
RE/MAX Of Reading
List Price
$495,000
Sold Price
$430,000
Premium/Discount to List
-$65,000
-13.13%
Current Estimated Value
$1,103,691

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$673,691
Avg. Annual Appreciation
7.74%

Purchase Details

Closed on
Feb 10, 2012
Sold by
525 Lancaster Ave Apts Lp
Bought by
525 Lancaster Apts Lp

Purchase Details

Closed on
Mar 6, 2002
Sold by
Causa Jack and Causa Claire M
Bought by
Causa Jack and Causa Claire M
Source: Public Records

Range of Values:

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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
Redevelopment Authority Of The County Of $440,000 None Available
525 Lancaster Apts Lp -- Conestoga Title Company
Causa Jack -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Redevelopment Authority Of The County Of $500,000
Closed Redevelopment Authority Of The County Of $420,000
Closed The Redevelopment Authority Of The Count $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2012 09/26/12 Sold $430,000 -13.1% --
07/26/2012 07/26/12 Pending -- -- --
04/18/2012 04/18/12 For Sale $495,000 -- --
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 $8,068 -- -- --
2024 $8,068 -- -- --
2023 $8,068 $0 $0 $0
2022 $8,068 $183,800 $64,600 $119,200
2021 $8,068 $183,800 $64,600 $119,200
2020 $7,976 $183,800 $64,600 $119,200
2019 $7,884 $183,800 $64,600 $119,200
2018 $68,520 $183,800 $64,600 $119,200
2017 $7,648 $183,800 $64,600 $119,200
2016 -- $183,800 $64,600 $119,200
2015 -- $183,800 $64,600 $119,200
2014 $2,389 $183,800 $64,600 $119,200
Source: Public Records

Agents Affiliated with this Home

  • Richard Henry

    Seller's Agent in 2012

    Richard Henry

    RE/MAX of Reading

    (717) 304-6193

    1 in this area

    77 Total Sales

    Section Image
  • Robert Kearney

    Buyer's Agent in 2012

    Robert Kearney

    RE/MAX of Reading

    (610) 685-3169

    2 in this area

    38 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: 1003929790

Bright MLS

APN: 77-4396-20-90-9295

Pennsylvania Berks County Shillington 19607

525 E Lancaster Ave, Shillington, PA

This home is located at 525 E Lancaster Ave, Shillington, PA 19607 since 18 April 2012 and is currently estimated at $1,123,275. This property was built in 1965. 525 E Lancaster Ave is a home located in Berks County with nearby schools including Cumru Elementary School, Governor Mifflin Intermediate School, and Governor Mifflin Middle School.

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