$82,500
SOLD JUN 19, 2018

55 Carroll St Reading, PA 19611

-- Bed
-- Bath
3,049 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$27 Per Sq Ft

4% Below List Price

277 Days on Market

Highlights

  • No HOA
  • Wall to Wall Carpet
  • Southwest Facing Home
  • En-Suite Primary Bedroom
  • Radiator

About This Home

As of February 2023

This 2 unit apartment has separate gas and electric meters and separate entrances. The first unit has a large living room and dining room and a large eat-in kitchen. Upstairs there are 2 bedrooms and one full bath. Presently this unit is vacant but had rented at $800 per month. The second unit is rented by a long-term tenant for $575 per month and has one bedroom, living room, full bath, and kitchen. The access to the 2nd unit is by the fire escape at the rear of the property. This is a good sized corner property with oil heat and plenty of parking available. In order to view the 2nd unit your appointment would have to be after 5pm weekdays or most anytime on weekends. This property brings positive cash flow, when fully rented, in the amount of approximately $8,521 or at a 10% CAP Rate an $84,310 value.

Last Agent to Sell the Property

Phil Macaronis

RE/MAX Of Reading License #RS122194A Listed on: 07/21/2017

RE/MAX Of Reading

Last Buyer's Agent

Israel Gonzalez

Atlas Land and Homes License #AB067693

Atlas Land and Homes

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 3,049 Sq Ft Lot
  • Southwest Facing Home
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Stone Foundation

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,049 Sq Ft Home
  • Wall to Wall Carpet
  • Laundry in unit

Basement

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

Schools

  • Reading Senior High School

Utilities

  • Radiator
  • Heating System Uses Oil
  • 100 Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 5812
  • Assessor Parcel Number 18-5306-58-64-5812

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $800
  • Other Expense $420
  • Operating Expense $6,419

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 420.00
  • Storage: Basement
  • Year Built: 1925
  • Remarks Public: This 2 unit apartment has separate gas and electric meters and separate entrances. The first unit has a large living room and dining room and a large eat-in kitchen. Upstairs there are 2 bedrooms and one full bath. Presently this unit is vacant but had rented at $800 per month. The second unit is rented by a long-term tenant for $575 per month and has one bedroom, living room, full bath, and kitchen. The access to the 2nd unit is by the fire escape at the rear of the property. This is a good sized corner property with oil heat and plenty of parking available. In order to view the 2nd unit your appointment would have to be after 5pm weekdays or most anytime on weekends. This property brings positive cash flow, when fully rented, in the amount of approximately $8,521 or at a 10% CAP Rate an $84,310 value.
  • Special Features: VirtualTour

Interior Features

  • Flooring Type: Fully Carpeted
  • Fireplace: No
  • Entry Location: Private
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Drainage System
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 3049
  • Living Area Sq Ft: 3049
  • Price Per Sq Ft: 27.06
  • Above Grade Finished Sq Ft: 3049
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 55

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • 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

  • Annual Heating Expense: 1200.00
  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Oil
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 1200.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: READING
  • High School: READING SENIOR
  • School District Key: 300200397169
  • High School: READING SENIOR

Lot Info

  • Improvement Assessed Value: 49500.00
  • Land Assessed Value: 15600.00
  • Lot Size Acres: 0.07
  • Lot Dimensions: IRREGULAR
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3049.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: R-2

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 16500.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1465056
  • Tax Annual Amount: 2799.00
  • Assessor Parcel Number: 18-5306-58-64-5812
  • Tax Lot: 5812
  • Tax Year: 2017
  • Close Date: 06/19/2018

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2022
Closed on
Jan 26, 2023
Sold by
Caba-Valdez Kelvin A
Bought by
Dream Rose Llc
Seller's Agent
Jenniffer Jimenez
United Real Estate Strive 212
Buyer's Agent
Jenniffer Jimenez
United Real Estate Strive 212
List Price
$299,900
Sold Price
$193,000
Premium/Discount to List
-$106,900
-35.65%
Views
24
Current Estimated Value
$233,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,418
Avg. Annual Appreciation
7.90%
Original Mortgage
$144,750
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 21, 2017
Closed on
Jun 14, 2018
Sold by
Vega Benito
Bought by
Caba Valdez Kelvin A and Caceres Santos Santiago
Seller's Agent
Phil Macaronis
RE/MAX Of Reading
Buyer's Agent
Israel Gonzalez
Atlas Land and Homes
List Price
$85,900
Sold Price
$82,500
Premium/Discount to List
-$3,400
-3.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.15%
Original Mortgage
$81,005
Interest Rate
5.12%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 16, 2006
Sold by
Vought Lee J and Vought Sandra A
Bought by
Vega Benito

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,800
Interest Rate
6.67%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Deed $193,000 None Listed On Document
Deed $82,500 Conestoga Title Company
Deed $103,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $144,750 New Conventional
Previous Owner $81,005 FHA
Previous Owner $76,000 New Conventional
Previous Owner $82,800 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2023 02/02/23 Sold $193,000 -35.6% $102 / Sq Ft
01/02/2023 01/02/23 Pending -- -- --
12/20/2022 12/20/22 For Sale $299,900 +263.5% $158 / Sq Ft
06/19/2018 06/19/18 Sold $82,500 0.0% $27 / Sq Ft
04/24/2018 04/24/18 Pending -- -- --
02/08/2018 02/08/18 Price Changed $82,500 -4.0% $27 / Sq Ft
02/04/2018 02/04/18 For Sale $85,900 +4.1% $28 / Sq Ft
02/04/2018 02/04/18 Off Market $82,500 -- --
01/21/2018 01/21/18 For Sale $85,900 +4.1% $28 / Sq Ft
01/21/2018 01/21/18 Off Market $82,500 -- --
07/21/2017 07/21/17 For Sale $85,900 -- $28 / 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 $1,767 $65,100 $15,600 $49,500
2024 $2,891 $65,100 $15,600 $49,500
2023 $2,846 $65,100 $15,600 $49,500
2022 $2,846 $65,100 $15,600 $49,500
2021 $2,846 $65,100 $15,600 $49,500
2020 $2,817 $65,100 $15,600 $49,500
2019 $2,817 $65,100 $15,600 $49,500
2018 $2,817 $65,100 $15,600 $49,500
2017 $2,799 $65,100 $15,600 $49,500
2016 $1,599 $65,100 $15,600 $49,500
2015 $1,599 $65,100 $15,600 $49,500
2014 $1,471 $65,100 $15,600 $49,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000257581

Bright MLS

APN: 18-5306-58-64-5812