NOT LISTED FOR SALE

5531 Oley Turnpike Rd Reading, PA 19606

East Reading Neighborhood

Estimated Value: $377,000 - $480,000

3 Beds
1.5 Baths
1,364 Sq Ft
$320/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $400,000 $293 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,493/month

7 Days on Market

Highlights

  • Horses Allowed On Property
  • Panoramic View
  • Stream or River on Lot
  • Exeter Township Senior High School Rated A-
  • 11.87 Acre Lot
  • Partially Wooded Lot

About This Home

As of October 2022

Incredible find in Exeter Township! A 3 bedroom solid brick Rancher on 12 acres of open grassland, woods, tillable fields, bubbling brook, and panoramic views in multiple directions make this a Nature Lover's Paradise! Clean and Green! Fantastic overhead views as you look around and admire the surrounding vista from the wonderful hilltop which opens above, a true Star Gazer's dream! Your options are endless, whether it's cultivating or leasing your own land, letting your horses run and graze, hunting at your own pace, or simply enjoying everything the serene landscape has to offer. The home features a newer roof (2019), alternate heat and electric sources, updated 200 amp electric (2020), new ceiling fans, garbage disposal, and hardwood floors. It also has a large unfinished basement which can further add to any additional interior plans. The solar panels are active and in use, ready to lower your electric bill. There's open yard on every side of the home, making this a true house for every season and countless outdoor activities. A heated breezeway with updated powder room greets you upon entering, with a 2 car garage for your convenience, and plenty of parking space for all your vehicles and company in the private driveway. Can you truly afford for this gem to slip away?

Last Listed By

Paul Melniczek

Keller Williams Platinum Realty - Wyomissing Listed on: 08/04/2022

Keller Williams Platinum Realty - Wyomissing

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,376

Year Built

  • Built in 1957

Lot Details

  • 11.87 Acre Lot
  • Rural Setting
  • Open Lot
  • Cleared Lot
  • Partially Wooded Lot
  • Backs to Trees or Woods
  • Front and Side Yard
  • Property is zoned AP

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Driveway

Property Views

  • Panoramic
  • Scenic Vista
  • Woods
  • Pasture
  • Creek or Stream
  • Valley

Home Design

  • Rambler Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Poured Concrete
  • Shingle Roof

Interior Spaces

  • 1,364 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan
  • Ceiling Fan
  • Replacement Windows
  • Window Screens
  • Sliding Doors
  • Living Room
  • Electric Dryer
  • Attic

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • Bathtub with Shower

Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Drainage System
  • Laundry in Basement

Outdoor Features

  • Stream or River on Lot
  • Shed
  • Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Oil
  • Vented Exhaust Fan
  • 200+ Amp Service
  • Well
  • Oil Water Heater
  • On Site Septic
  • Cable TV Available

Additional Features

  • More Than Two Accessible Exits
  • Horses Allowed On Property

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1573
  • Clean and Green
  • Assessor Parcel Number 43-5347-03-02-1573

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,376

Year Built

Built in 1957

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Inclusions: Refrigerator, Stove, Rolling Dishwasher, Wood Stove, Shed
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1957
  • Automatically Close On Close Date: No
  • Remarks Public: Incredible find in Exeter Township! A 3 bedroom solid brick Rancher on 12 acres of open grassland, woods, tillable fields, bubbling brook, and panoramic views in multiple directions make this a Nature Lover's Paradise! Clean and Green! Fantastic overhead views as you look around and admire the surrounding vista from the wonderful hilltop which opens above, a true Star Gazer's dream! Your options are endless, whether it's cultivating or leasing your own land, letting your horses run and graze, hunting at your own pace, or simply enjoying everything the serene landscape has to offer. The home features a newer roof (2019), alternate heat and electric sources, updated 200 amp electric (2020), new ceiling fans, garbage disposal, and hardwood floors. It also has a large unfinished basement which can further add to any additional interior plans. The solar panels are active and in use, ready to lower your electric bill. There's open yard on every side of the home, making this a true house for every season and countless outdoor activities. A heated breezeway with updated powder room greets you upon entering, with a 2 car garage for your convenience, and plenty of parking space for all your vehicles and company in the private driveway. Can you truly afford for this gem to slip away?
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Oven - Single, Oven/Range - Electric, Water Heater
  • Flooring Type: Wood, Vinyl, Carpet
  • Interior Amenities: Attic, Ceiling Fan(s), Floor Plan - Traditional, Kitchen - Eat-In, Tub Shower
  • Window Features: Replacement, Screens
  • Fireplace: No
  • Door Features: Sliding Glass
  • Foundation Details: Brick/Mortar
  • Levels Count: 1
  • Room Count: 6
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Kitchen, Bedroom 1
  • Basement: Yes
  • Basement Type: Full, Drainage System, Heated, Poured Concrete, Walkout Stairs
  • Laundry Type: Basement
  • Total Sq Ft: 1364
  • Living Area Sq Ft: 1364
  • Price Per Sq Ft: 293.26
  • Above Grade Finished Sq Ft: 1364
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5531

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Brick
  • Road Surface Type: Paved
  • Roof: Shingle
  • View: Creek/Stream, Panoramic, Pasture, Scenic Vista, Trees/Woods, Valley
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Paved Driveway, Private
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit, Ceiling Fan(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Oil
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: On Site Septic
  • Utilities: Cable Tv, Electric Available, Water Available
  • Water Source: Well
  • Internet Services: Broadband, Satellite

Condo/Co-op/Association

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

Schools

  • School District: EXETER TOWNSHIP
  • School District Key: 300200397319
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: Yes

Lot Info

  • Horses: Yes
  • Improvement Assessed Value: 47500.00
  • Land Assessed Value: 4800.00
  • Land Use Code: 801
  • Lot Features: Backs To Trees, Cleared, Front Yard, Open, Partly Wooded, Rural, Sideyard(s), Stream/Creek, Trees/Wooded
  • Lot Size Acres: 11.87
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 517057.00
  • Outdoor Living Structures: Porch(es)
  • Soil Types: Mixed
  • Year Assessed: 2022
  • Zoning: AP

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1512638
  • School Tax: 1788.00
  • Tax Annual Amount: 2376.00
  • Assessor Parcel Number: 43-5347-03-02-1573
  • Tax Lot: 1573
  • Tax Total Finished Sq Ft: 1364
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 10/14/2022

MLS Schools

  • School District Name: EXETER TOWNSHIP

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2022
Closed on
Oct 13, 2022
Sold by
Schweitzer John A
Bought by
Maddocks Bradford Joseph and Maddocks Amanda Leah
Seller's Agent
Paul Melniczek
Keller Williams Platinum Realty - Wyomissing
Buyer's Agent
Jason Stephenson
Keller Williams Platinum Realty - Wyomissing
List Price
$390,000
Sold Price
$400,000
Premium/Discount to List
$10,000
2.56%
Total Days on Market
7
Views
10
Current Estimated Value
$436,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,631
Avg. Annual Appreciation
4.69%
Original Mortgage
$380,000
Outstanding Balance
$367,546
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$82,657

Purchase Details

Listed on
May 31, 2016
Closed on
Jul 22, 2016
Sold by
Lubas Jean H
Bought by
Schweitzer John A and Schweitzer Joanna J
Seller's Agent
Donald Hutchison
RE/MAX Of Reading
Buyer's Agent
Joshua Sapna
EXP Realty, LLC
List Price
$224,900
Sold Price
$228,750
Premium/Discount to List
$3,850
1.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.38%

Purchase Details

Closed on
Dec 20, 1955
Bought by
Lubas Jean H

Range of Values:

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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
Maddocks Bradford Joseph $400,000 --
Schweitzer John A $228,750 None Available
Lubas Jean H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maddocks Bradford Joseph $380,000
Previous Owner Schweitzer Joanne J $218,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $400,000 0.0% $293 / Sq Ft
08/13/2022 08/13/22 Off Market $400,000 -- --
08/11/2022 08/11/22 Pending -- -- --
08/04/2022 08/04/22 For Sale $390,000 +70.5% $286 / Sq Ft
07/22/2016 07/22/16 Sold $228,750 +1.7% $168 / Sq Ft
06/13/2016 06/13/16 Pending -- -- --
05/31/2016 05/31/16 For Sale $224,900 -- $165 / 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 $860 $52,300 $4,800 $47,500
2024 $2,484 $52,300 $4,800 $47,500
2023 $2,402 $52,300 $4,800 $47,500
2022 $2,376 $52,300 $4,800 $47,500
2021 $2,340 $52,300 $4,800 $47,500
2020 $2,314 $52,300 $4,800 $47,500
2019 $2,288 $52,300 $4,800 $47,500
2018 $2,281 $52,300 $4,800 $47,500
2017 $2,248 $52,300 $4,800 $47,500
2016 $545 $52,400 $4,900 $47,500
2015 $545 $52,400 $4,900 $47,500
2014 $526 $52,400 $4,900 $47,500
Source: Public Records

Agents Affiliated with this Home

  • Paul Melniczek

    Seller's Agent in 2022

    Paul Melniczek

    Keller Williams Platinum Realty - Wyomissing

    (610) 763-4459

    1 in this area

    16 Total Sales

    Paul Melniczek
    Section Image
  • Jason Stephenson

    Buyer's Agent in 2022

    Jason Stephenson

    Keller Williams Platinum Realty - Wyomissing

    (610) 468-2224

    1 in this area

    20 Total Sales

    Jason Stephenson
    Section Image
  • Donald Hutchison

    Seller's Agent in 2016

    Donald Hutchison

    RE/MAX of Reading

    (610) 685-3197

    25 Total Sales

    Donald Hutchison
    Section Image
  • Joshua Sapna

    Buyer's Agent in 2016

    Joshua Sapna

    EXP Realty, LLC

    (610) 780-8811

    35 Total Sales

    Joshua Sapna
    Section Image
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Map

Source: Bright MLS

MLS Number: PABK2019816

Bright MLS

APN: 43-5347-03-02-1573

Pennsylvania Berks County Reading 19606 East Reading

5531 Oley Turnpike Rd, Reading, PA

Homes for Sale in Reading, PA

This home is located at 5531 Oley Turnpike Rd, Reading, PA 19606 since 04 August 2022 and is currently estimated at $436,631, approximately $320 per square foot. This property was built in 1957. 5531 Oley Turnpike Rd is a home located in Berks County with nearby schools including Owatin Creek Elementary School, Exeter Township Junior High School, and Exeter Township Senior High School.

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