Seller's Agent in 2020
Sean Moretti
Destination Realty LLC
(484) 769-3209
4 in this area
60 Total Sales
531 Court St Reading, PA 19601
Downtown Reading NeighborhoodEstimated Value: $240,032
--
Bed
--
Bath
--
Sq Ft
3,485
Sq Ft Lot
Highlights
- City View
- Private Lot
- Victorian Architecture
- 0.08 Acre Lot
- Wood Flooring
- No HOA
About This Home
As of August 2020Investment or Move your office into the heart of Downtown Improvement District's "Attorney's row!" This set of recently renovated office suites includes on-street, metered parking in front of and around the corner, and is located mere steps from the Berks County courthouse, as well as just three blocks from Reading's federal court. The first floor is beautifully and professionally finished, while the upper floors feature three individual offices finished in a tasteful, minimalist fashion, each with its own restroom, and two with showers. The third floor is an occupied 2 bedroom apartment. This property also includes a unique courtyard out back, which is currently not developed, but offers the potential for a relaxing garden space for tenants. You'll want to see this one! Out of town owner has other interests, so please make an offer. Upper floor may be used as an apartment for owner-occupant.
Last Agent to Sell the Property
(484) 769-3209 seanhmoretti@gmail.com Destination Realty LLC Listed on: 12/18/2019
Last Buyer's Agent
(484) 769-3209 seanhmoretti@gmail.com Destination Realty LLC Listed on: 12/18/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,770
Year Built
- Built in 1900
Lot Details
- 3,485 Sq Ft Lot
- Backs To Open Common Area
- Downtown Location
- Private Lot
- Premium Lot
- Interior Lot
- Level Lot
- Open Lot
- Irregular Lot
- Flag Lot
- Cleared Lot
- Back Yard
- Historic Home
- Property is in good condition
Property Views
- City
- Courtyard
- Limited
Home Design
- Victorian Architecture
- Brick Exterior Construction
- Brick Foundation
- Pillar, Post or Pier Foundation
- Stone Foundation
- Unfinished Walls
- Architectural Shingle Roof
- Masonry
Interior Spaces
- Paneling
- Brick Wall or Ceiling
- Basement
- Dirt Floor
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Utilities
- Window Unit Cooling System
- Electric Baseboard Heater
- 100 Amp Service
- Electric Water Heater
- High Speed Internet
- Phone Available
- Cable TV Available
Listing and Financial Details
- The owner pays for electricity, insurance, sewer, sewer maintenance, real estate taxes, trash collection, water
- Tax Lot 1683
- Assessor Parcel Number 07-5307-83-80-1683
Community Details
Overview
- No Home Owners Association
- 4 Units
- 4-Story Building
Building Details
- 3 Vacant Units
- Income includes apartment rentals, professional offices
- Insurance Expense $1,100
- Trash Expense $540
- Operating Expense $3,055
- Gross Income $37,800
- Net Operating Income $9,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 18, 2019
Closed on
Aug 5, 2020
Sold by
Hissa Llc
Bought by
Falls Mill Llc
Seller's Agent
Sean Moretti
Destination Realty LLC
Buyer's Agent
Sean Moretti
Destination Realty LLC
List Price
$199,000
Sold Price
$160,000
Premium/Discount to List
-$39,000
-19.6%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,032
Avg. Annual Appreciation
7.76%
Purchase Details
Closed on
Jun 30, 2016
Sold by
531 Court Llc
Bought by
Hissa Llc
Purchase Details
Closed on
Aug 23, 2005
Sold by
Te Elsie D
Bought by
Menachem Ohana
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Falls Mill Llc | $160,000 | None Available | |
| Hissa Llc | $35,000 | Conestoga Title Company | |
| Menachem Ohana | $36,000 | Conestoga Title Insurance Co |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2020 08/07/20 | Sold | $160,000 | 0.0% | -- |
| 07/10/2020 07/10/20 | Pending | -- | -- | -- |
| 06/30/2020 06/30/20 | Off Market | $160,000 | -- | -- |
| 06/16/2020 06/16/20 | Price Changed | $188,900 | -2.6% | -- |
| 03/04/2020 03/04/20 | Price Changed | $193,900 | -0.6% | -- |
| 02/24/2020 02/24/20 | Price Changed | $195,000 | -2.0% | -- |
| 12/18/2019 12/18/19 | For Sale | $199,000 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,110 | $40,900 | $17,800 | $23,100 |
| 2024 | $1,816 | $40,900 | $17,800 | $23,100 |
| 2023 | $1,788 | $40,900 | $17,800 | $23,100 |
| 2022 | $1,788 | $40,900 | $17,800 | $23,100 |
| 2021 | $1,788 | $40,900 | $17,800 | $23,100 |
| 2020 | $1,770 | $40,900 | $17,800 | $23,100 |
| 2019 | $1,770 | $40,900 | $17,800 | $23,100 |
| 2018 | $1,770 | $40,900 | $17,800 | $23,100 |
| 2017 | $1,758 | $40,900 | $17,800 | $23,100 |
| 2016 | $1,194 | $48,600 | $32,500 | $16,100 |
| 2015 | $1,194 | $48,600 | $32,500 | $16,100 |
| 2014 | $1,098 | $48,600 | $32,500 | $16,100 |
Source: Public Records
Agents Affiliated with this Home
-
Sean Moretti
Map
Source: Bright MLS
MLS Number: PABK352104
APN: 07-5307-83-80-1683
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