NOT LISTED FOR SALE

529 Ritter St Reading, PA 19601

Greenwich Neighborhood

Estimated Value: $113,000 - $180,000

5 Beds
1 Bath
1,455 Sq Ft
$95/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $90,000 $62 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $798/month

7 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Forced Air Heating System

About This Home

As of May 2023

Rare investment opportunity! This property boasts high rental demand and strong potential for positive cash flow. Don't miss out on the chance to expand your portfolio and generate significant returns in a prime location. Tenants would like to stay but, have to service notice to vacate if needed. Showings are extremely limited as to no bother the tenants. So plan ahead!

Last Agent to Sell the Property

Jose Acosta

Iron Valley Real Estate of Berks License #RS347244 Listed on: 04/13/2023

Last Buyer's Agent

Lourdes Gonzalez-Nieves

Iron Valley Real Estate of Berks License #RS356829

Iron Valley Real Estate of Berks

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,311

Year Built

  • Built in 1900

Lot Details

  • 1,306 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1,455 Sq Ft Home
  • Property has 2.5 Levels
  • Unfinished Basement

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Reading Subdivision

Listing and Financial Details

  • Tax Lot 7288
  • Assessor Parcel Number 15-5307-64-43-7288

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,311

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Rare investment opportunity! This property boasts high rental demand and strong potential for positive cash flow. Don't miss out on the chance to expand your portfolio and generate significant returns in a prime location. Tenants would like to stay but, have to service notice to vacate if needed. Showings are extremely limited as to no bother the tenants. So plan ahead!
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 0

Interior Features

  • Foundation Details: Slab
  • Levels Count: 2.5
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1455
  • Living Area Sq Ft: 1455
  • Price Per Sq Ft: 65.29
  • Above Grade Finished Sq Ft: 1455
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 529

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 5
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • 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: No
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: 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: 23900.00
  • Land Assessed Value: 6100.00
  • Land Use Code: 117R
  • Lot Size Acres: 0.03
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1306.00
  • Year Assessed: 2023
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1457579
  • School Tax: 538.00
  • Tax Annual Amount: 1311.00
  • Assessor Parcel Number: 15-5307-64-43-7288
  • Tax Lot: 7288
  • Tax Total Finished Sq Ft: 1455
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 05/31/2023

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2023
Closed on
May 31, 2023
Sold by
Haven Real Estate Investments
Bought by
Taiga Holdings Llc
Seller's Agent
Jose Acosta
Iron Valley Real Estate of Berks
Buyer's Agent
Lourdes Gonzalez-Nieves
Iron Valley Real Estate of Berks
List Price
$95,000
Sold Price
$90,000
Premium/Discount to List
-$5,000
-5.26%
Views
36
Current Estimated Value
$133,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,205
Avg. Annual Appreciation
17.83%
Original Mortgage
$102,000
Interest Rate
6.43%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 13, 2023
Closed on
Apr 7, 2023
Sold by
Franckowiak Steven M
Bought by
Haven Real Estate Investments
Seller's Agent
Jose Acosta
Iron Valley Real Estate of Berks
Buyer's Agent
Lourdes Gonzalez-Nieves
Iron Valley Real Estate of Berks
List Price
$95,000
Sold Price
$90,000
Premium/Discount to List
-$5,000
-5.26%
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
6.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2008
Sold by
Franckowiak Thomas and Franckowiak Maureen E
Bought by
Franckowiak Steven M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,750
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
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
Taiga Holdings Llc $90,000 Stewart Title
Haven Real Estate Investments $60,000 Stewart Title
Franckowiak Steven M $45,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taiga Holdings Llc $145,875
Closed Taiga Holdings Llc $102,000
Previous Owner Haven Real Estate Investments $62,500
Previous Owner Franckowiak Steven M $33,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2023 05/31/23 Sold $90,000 -5.3% $62 / Sq Ft
04/20/2023 04/20/23 Pending -- -- --
04/13/2023 04/13/23 For Sale $95,000 -- $65 / 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 $814 $30,000 $6,100 $23,900
2024 $1,332 $30,000 $6,100 $23,900
2023 $1,311 $30,000 $6,100 $23,900
2022 $1,311 $30,000 $6,100 $23,900
2021 $1,311 $30,000 $6,100 $23,900
2020 $1,298 $30,000 $6,100 $23,900
2019 $1,298 $30,000 $6,100 $23,900
2018 $1,298 $30,000 $6,100 $23,900
2017 $1,290 $30,000 $6,100 $23,900
2016 $737 $30,000 $6,100 $23,900
2015 $737 $30,000 $6,100 $23,900
2014 $678 $30,000 $6,100 $23,900
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jose Acosta

    Iron Valley Real Estate of Berks

    (610) 750-0159

    2 in this area

    31 Total Sales

    Section Image
  • Lourdes Gonzalez-Nieves

    Buyer's Agent in 2023

    Lourdes Gonzalez-Nieves

    Iron Valley Real Estate of Berks

    (484) 450-8771

    6 in this area

    80 Total Sales

    Section Image
  • Jose Manzueta

    Buyer Co-Listing Agent in 2023

    Jose Manzueta

    Iron Valley Real Estate of Berks

    (484) 219-9232

    11 in this area

    276 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: PABK2028822

Bright MLS

APN: 15-5307-64-43-7288

Pennsylvania Berks County Reading 19601 Greenwich

529 Ritter St, Reading, PA

This home is located at 529 Ritter St, Reading, PA 19601 since 13 April 2023 and is currently estimated at $138,506, approximately $95 per square foot. This property was built in 1900. 529 Ritter St is a home located in Berks County with nearby schools including Northwest Elementary School, Central Middle School, and Reading Senior High School.

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