NOT LISTED FOR SALE

526 Lancaster Ave Reading, PA 19611

Estimated Value: $107,117 - $487,000

Studio
-- Bath
2,400 Sq Ft
$112/Sq Ft Est. Value

Last Sold June 15, 2015

Last sale price $55,000 $23 Per Sq Ft

Est. 387% increase in value since last sale

Current estimated payment $1,622/month

15 Days on Market

Highlights

  • No HOA
  • Hot Water Heating System
  • Wall to Wall Carpet
  • 1 Car Detached Garage
  • Replacement Windows

About This Home

As of June 2015

(2) 3BR residential units plus (1) commercial store front on high traffic route. 2008 mechanical improvements with electric service, gas heating system, and replacement windows. Long term paying tenant on 3rd floor. 2nd floor vacant unit in processed of being cleaned out / cleaned up. Local bank-owned. Not a Short Sale.

Last Agent to Sell the Property

Frank Sabatucci

(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #AB-062125-L Listed on: 05/14/2015

RE/MAX Of Reading

Last Buyer's Agent

Frank Sabatucci

(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #AB-062125-L Listed on: 05/14/2015

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 3,920 Sq Ft Lot
  • Property is in good condition

Parking

  • 1 Car Detached Garage
  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Pitched Roof
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,400 Sq Ft Home
  • Replacement Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Utilities

  • Radiator
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • 200+ Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 7241
  • Assessor Parcel Number 18-5306-57-54-7241

Community Details

Overview

  • No Home Owners Association
  • Millmont Subdivision

Building Details

  • Operating Expense $3,404

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

3,920 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property
  • Inclusions: 1-Car Garage
  • New Construction: No
  • Year Built: 1930
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Interior Amenities: Store/Office
  • Window Features: Replacement
  • Fireplace: No
  • Entry Location: Private
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Laundry Type: Has Laundry
  • Total Sq Ft: 2400
  • Living Area Sq Ft: 2400
  • Price Per Sq Ft: 29.13
  • Above Grade Finished Sq Ft: 2400
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stucco, Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat, Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Street
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 43700.00
  • Land Assessed Value: 40400.00
  • Lot Size Acres: 0.09
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3920.00
  • Property Condition: Good
  • Zoning: COMM

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1464915
  • Tax Annual Amount: 3404.00
  • Assessor Parcel Number: 18-5306-57-54-7241
  • Tax Lot: 7241
  • Tax Year: 2015

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2023
Sold by
Mendez Edwin and Cintron Eric
Bought by
Protrade Services Llc and Cintron
Current Estimated Value
$268,039

Purchase Details

Closed on
May 17, 2018
Sold by
Mendez Edwin and Cintron Eric
Bought by
Lacompany Llc

Purchase Details

Listed on
May 14, 2015
Closed on
Jun 11, 2015
Sold by
Fmg Realty Inc
Bought by
Patel Daksheshbhai
Seller's Agent
Frank Sabatucci
RE/MAX Of Reading
Buyer's Agent
Frank Sabatucci
RE/MAX Of Reading
List Price
$69,900
Sold Price
$55,000
Premium/Discount to List
-$14,900
-21.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.79%

Purchase Details

Closed on
Feb 16, 2015
Sold by
Defuso Frank L
Bought by
Fmg Realty Inc

Purchase Details

Closed on
Jul 2, 2008
Sold by
Frymoyer Schaeffer Susan L and Frymoyer Susan L
Bought by
Defuso Frank L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
6.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 17, 2005
Sold by
Schaeffer Daniel L and Frymoyer Susan L
Bought by
Frymoyer Susan L

Purchase Details

Closed on
May 31, 2002
Sold by
Cipolla Barbara E
Bought by
Schaeffer Daniel L and Schaeffer Susan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,400
Interest Rate
6.39%
Mortgage Type
Commercial
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

Date Buyer Sale Price Title Company
Protrade Services Llc $4,485 None Listed On Document
Lacompany Llc $15,000 None Available
Patel Daksheshbhai $55,000 None Available
Fmg Realty Inc -- None Available
Defuso Frank L $59,000 Old Republic National Title
Frymoyer Susan L -- --
Schaeffer Daniel L $69,250 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Defuso Frank L $123,750
Previous Owner Schaeffer Daniel L $55,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2015 06/15/15 Sold $55,000 -21.3% $23 / Sq Ft
05/29/2015 05/29/15 Pending -- -- --
05/14/2015 05/14/15 For Sale $69,900 -- $29 / Sq Ft
Source: Bright MLS

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 $2,283 $84,100 $40,400 $43,700
2024 $3,734 $84,100 $40,400 $43,700
2023 $3,677 $84,100 $40,400 $43,700
2022 $3,677 $84,100 $40,400 $43,700
2021 $3,677 $84,100 $40,400 $43,700
2020 $3,640 $84,100 $40,400 $43,700
2019 $3,640 $84,100 $40,400 $43,700
2018 $3,640 $84,100 $40,400 $43,700
2017 $3,616 $84,100 $40,400 $43,700
2016 $2,065 $84,100 $40,400 $43,700
2015 $2,065 $84,100 $40,400 $43,700
2014 -- $84,100 $40,400 $43,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002602056

Bright MLS

APN: 18-5306-57-54-7241

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