5531 Oley Turnpike Rd Reading, PA 19606
East Reading Neighborhood
3
Beds
1.5
Baths
1,364
Sq Ft
11.87
Acres
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 2022Incredible 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 Agent to Sell the Property
Keller Williams Platinum Realty - Wyomissing Listed on: 08/04/2022
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
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%
Views
10
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
$38,825
Avg. Annual Appreciation
3.20%
Original Mortgage
$380,000
Outstanding Balance
$367,546
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$69,085
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
Similar Homes in Reading, PA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $400,000 | -- | |
| Deed | $228,750 | None Available | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $380,000 | New Conventional | |
| Previous Owner | $218,200 | New Conventional |
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
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
15 Total Sales
-
Jason Stephenson
Buyer's Agent in 2022
Jason Stephenson
Keller Williams Platinum Realty - Wyomissing
(610) 468-2224
1 in this area
19 Total Sales
-
Donald Hutchison
Seller's Agent in 2016
Donald Hutchison
RE/MAX of Reading
(610) 685-3197
27 Total Sales
-
Joshua Sapna
Buyer's Agent in 2016
Joshua Sapna
EXP Realty, LLC
(610) 780-8811
32 Total Sales
Map
Source: Bright MLS
MLS Number: PABK2019816
APN: 43-5347-03-02-1573
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