NOT LISTED FOR SALE

542 Summit Ave Reading, PA 19611

Estimated Value: $98,000 - $135,944

2 Beds
1 Bath
916 Sq Ft
$122/Sq Ft Est. Value

Last Sold July 15, 2015

Last sale price $24,000 $26 Per Sq Ft

Est. 365% increase in value since last sale

Current estimated payment $712/month

29 Days on Market

Highlights

  • Deck
  • Attic
  • Porch
  • Traditional Architecture
  • No HOA
  • Eat-In Kitchen

About This Home

As of July 2015

Millmont row located on outskirts of city with easy access to major roads. There are 2 bedrooms on 2nd floor both good sized, a large bathroom and also a walk up attic. Both the bath and kitchen have been updated but home does need work. There is a rear deck, fenced yard and front porch. Immediate possession !

Last Listed By

Tod Slabik

RE/MAX Of Reading License #RS209421L Listed on: 01/27/2015

RE/MAX Of Reading

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1930

Lot Details

  • 1,307 Sq Ft Lot
  • Property is in below average condition

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Pitched Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 916 Sq Ft Home
  • Property has 2 Levels
  • Living Room
  • Dining Room
  • Eat-In Kitchen
  • Attic

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 1 Full Bathroom

Unfinished Basement

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

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Millmont Subdivision

Listing and Financial Details

  • Tax Lot 7324
  • Assessor Parcel Number 18-5306-66-63-7324

Townhouse Details

Home Type

Townhome

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Inclusions: As Is
  • New Construction: No
  • Story List: Upper 1
  • Year Built: 1930
  • Remarks Public: Millmont row located on outskirts of city with easy access to major roads. There are 2 bedrooms on 2nd floor both good sized, a large bathroom and also a walk up attic. Both the bath and kitchen have been updated but home does need work. There is a rear deck, fenced yard and front porch. Immediate possession !
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Interior Amenities: Kitchen - Eat-In
  • Fireplace: No
  • Entry Location: Living Room
  • Levels Count: 2
  • Room Count: 5
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Bedroom 1, Attic
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Laundry Type: Basement
  • Total Sq Ft: 916
  • Living Area Sq Ft: 916
  • Net Sq Ft: 916.00
  • Price Per Sq Ft: 31.55
  • Above Grade Finished Sq Ft: 916
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 542

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding, Vinyl Siding
  • 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: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: Circuit Breakers
  • 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: READING
  • School District Key: 300200397169

Lot Info

  • Improvement Assessed Value: 25000.00
  • Land Assessed Value: 15000.00
  • Land Use Code: 111R
  • Lot Size Acres: 0.03
  • Lot Dimensions: IRR
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1307.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Property Condition: Below Average
  • Zoning: R-2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1465923
  • Tax Annual Amount: 1619.00
  • Assessor Parcel Number: 18-5306-66-63-7324
  • Tax Lot: 7324
  • Tax Year: 2015
  • Close Date: 07/15/2015

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2015
Closed on
Jun 30, 2015
Sold by
Lsf8 Master Participation Trust
Bought by
Rivero Fabiola
Seller's Agent
Tod Slabik
RE/MAX Of Reading
Buyer's Agent
Carlos Aponte
eRealty Advisors, Inc
List Price
$28,900
Sold Price
$24,000
Premium/Discount to List
-$4,900
-16.96%
Total Days on Market
29
Current Estimated Value
$111,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,486
Avg. Annual Appreciation
17.76%

Purchase Details

Listed on
Jan 27, 2015
Closed on
Jun 17, 2015
Sold by
Myers Jason and Myers Jennifer
Bought by
Lsf8 Master Participation Trust
Seller's Agent
Tod Slabik
RE/MAX Of Reading
Buyer's Agent
Carlos Aponte
eRealty Advisors, Inc
List Price
$28,900
Sold Price
$24,000
Premium/Discount to List
-$4,900
-16.96%

Purchase Details

Closed on
Nov 14, 2007
Sold by
Gobright John G and Gobright Donna M
Bought by
Myers Jason and Myers Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Interest Rate
6.02%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Range of Values:

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Average Value
Not Available
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
Rivero Fabiola $24,000 None Available
Lsf8 Master Participation Trust $20,000 None Available
Myers Jason -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Myers Jason $50,400
Previous Owner Gobright John G $10,346
Previous Owner Gobright John G $36,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2015 07/15/15 Sold $24,000 -17.0% $26 / Sq Ft
02/25/2015 02/25/15 Pending -- -- --
01/27/2015 01/27/15 For Sale $28,900 -- $32 / 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 $1,086 $40,000 $15,000 $25,000
2024 $1,776 $40,000 $15,000 $25,000
2023 $1,749 $40,000 $15,000 $25,000
2022 $1,749 $40,000 $15,000 $25,000
2021 $1,749 $40,000 $15,000 $25,000
2020 $1,731 $40,000 $15,000 $25,000
2019 $1,731 $40,000 $15,000 $25,000
2018 $1,731 $40,000 $15,000 $25,000
2017 $1,720 $40,000 $15,000 $25,000
2016 $982 $40,000 $15,000 $25,000
2015 $982 $40,000 $15,000 $25,000
2014 -- $40,000 $15,000 $25,000
Source: Public Records

Agents Affiliated with this Home

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Source: Bright MLS

MLS Number: 1002526654

Bright MLS

APN: 18-5306-66-63-7324