NOT LISTED FOR SALE

5940 E Lorane Rd Reading, PA 19606

Estimated Value: $345,000 - $375,000

3 Beds
1.5 Baths
2,096 Sq Ft
$174/Sq Ft Est. Value

Last Sold May 03, 2021

Last sale price $185,000 $88 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $2,005/month

18 Days on Market

Highlights

  • 4.5 Acre Lot
  • Pasture Views
  • Wood Flooring
  • Exeter Township Senior High School Rated A-
  • Partially Wooded Lot
  • Farmhouse Style Home

About This Home

As of May 2021

Welcome home to your 1860 stone farmhouse ready for a modern-farmhouse style rehab! With just-right, sized rooms, you'll enjoy a kitchen with plenty of cabinet space, cozy dining, powder room and a large living room. A landing at the top of the basement stairs features a pantry area with cabinets. Make this a great entertainment experience with a large deck and fully enclosed gazebo. The central hall on the second floor, offers three bedrooms with privacy and a full bath. Walk up attic staircase is long-leaf pine. The home with grey, terra cut stone exterior and original pegging in the roof, is being sold with approximately 4.5 acres. Possible subdivision from 2 - 6 lots. The largest of the out buildings has a concrete floor and did have electric, at one time. This home features quality materials that you may not affordably duplicate! With evidence of a cooking fireplace in basement, you will discover interesting features to explore in a great restoration opportunity. There is a spring house and a large garage / barn structure on the property in good condition. 15 Minutes to Reading 40 Min to King of Prussia Possible subdivision from 2 - 6 lots. Public water and sewer available for the subdivision. Owner wants to sell as an entirety and not subject to subdivision Possible subdivision from 2 - 6 lots. Public water and sewer available for the subdivision. Owner wants to sell as an entirety and not subject to subdivision

Last Agent to Sell the Property

Francis Puleo

(610) 933-7762 fj@puleo.net F J Puleo Management Listed on: 03/14/2021

Last Buyer's Agent

Francis Puleo

(610) 933-7762 fj@puleo.net F J Puleo Management Listed on: 03/14/2021

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1860

Lot Details

  • 4.5 Acre Lot
  • Rural Setting
  • East Facing Home
  • Sloped Lot
  • Partially Wooded Lot
  • Subdivision Possible
  • Zoning described as Use by right of 1 acre lots

Home Design

  • Farmhouse Style Home
  • Entry on the 1st floor
  • Fixer Upper
  • Stone Foundation
  • Plaster Walls
  • Asphalt Roof
  • Stone Siding
  • Copper Plumbing
  • Masonry

Interior Spaces

  • 2,096 Sq Ft Home
  • Property has 2.5 Levels
  • Pasture Views

Kitchen

  • Gas Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate
  • Concrete

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

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

Parking

  • 8 Parking Spaces
  • 2 Driveway Spaces
  • Gravel Driveway

Schools

  • Exeter Township Junior Middle School
  • Exeter Township Senior High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • 200+ Amp Service
  • Well
  • Propane Water Heater
  • Water Conditioner is Owned
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Exeter Twp Subdivision

Listing and Financial Details

  • Tax Lot 1693
  • Assessor Parcel Number 43-5335-13-24-1693

Home Details

Home Type

Single Family

Year Built

Built in 1860

Lot Details

4.5 Acres

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Farmhouse/National Folk
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1860
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Oven/Range - Gas, Refrigerator, Washer, Water Conditioner - Owned, Water Heater, Microwave
  • Entry Floor: 1
  • Flooring Type: Carpet, Wood, Laminated, Concrete
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall, Plaster Walls
  • Foundation Details: Stone
  • Levels Count: 2.5
  • Basement: Yes
  • Basement Type: Full
  • Basement Footprint Percent: 75.00
  • Laundry Type: Basement
  • Total Sq Ft: 2096
  • Living Area Sq Ft: 2096
  • Price Per Sq Ft: 119.27
  • Above Grade Finished Sq Ft: 2096
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination, Copper Plumbing, Masonry, Stone
  • Road Surface Type: Black Top
  • Roof: Asphalt
  • View: Pasture
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Gravel Driveway
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Driveway, Off Street
  • Number of Spaces in Driveway: 2
  • Off Street Parking Spaces: 6

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Propane
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Propane, Sewer Available, Water Available
  • Water Source: Filter, Private, Well
  • Municipal Trash: No
  • Internet Services: Cable

Condo/Co-op/Association

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

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District Source: Listing Agent
  • High School: EXETER TOWNSHIP SENIOR
  • Middle Or Junior School: EXETER TOWNSHIP JUNIOR

Lot Info

  • Additional Parcels: No
  • Improvement Assessed Value: 56200.00
  • Land Assessed Value: 53200.00
  • Lot Features: Rural, Subdivision Possible, Sloping, Road Frontage, Partly Wooded
  • Lot Size Acres: 4.50
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 196020.00
  • Property Condition: Major Rehab Needed
  • Zoning: RESIDENTIAL
  • Zoning Description: Use by right of 1 acre lots

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 1509119
  • School Tax: 3677.00
  • Tax Annual Amount: 4894.00
  • Assessor Parcel Number: 43-5335-13-24-1693
  • Tax Lot: 1693
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: EXETER TOWNSHIP

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2021
Sold by
Hart Glenn
Bought by
Exeter Township
Current Estimated Value
$363,812

Purchase Details

Listed on
Mar 14, 2021
Closed on
May 3, 2021
Sold by
Emes Lauren Joan
Bought by
Hart Glenn
Seller's Agent
Francis Puleo
F J Puleo Management
Buyer's Agent
Francis Puleo
F J Puleo Management
List Price
$269,000
Sold Price
$185,000
Premium/Discount to List
-$84,000
-31.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.03%

Purchase Details

Closed on
Jul 21, 2014
Sold by
Lorane Rd Partners
Bought by
Elliott Jonathan C and Emes Lauren Joan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2004
Sold by
Richard Dennis E and Richard Patti A
Bought by
Lorane Rd Partners

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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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 Buyer Sale Price Title Company
Exeter Township -- None Available
Hart Glenn $185,000 Patriot Land Services Inc
Elliott Jonathan C $140,000 None Available
Lorane Rd Partners $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elliott Jonathan C $126,000
Previous Owner Lorane Rd Partners $168,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2021 05/03/21 Sold $185,000 -26.0% $88 / Sq Ft
04/01/2021 04/01/21 Pending -- -- --
03/21/2021 03/21/21 Price Changed $250,000 -7.1% $119 / Sq Ft
03/14/2021 03/14/21 For Sale $269,000 -- $128 / Sq Ft
Source: Bright MLS

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 $1,647 $108,800 $52,600 $56,200
2024 $5,167 $108,800 $52,600 $56,200
2023 $4,998 $108,800 $52,600 $56,200
2022 $4,969 $109,400 $53,200 $56,200
2021 $4,894 $109,400 $53,200 $56,200
2020 $4,840 $109,400 $53,200 $56,200
2019 $4,786 $109,400 $53,200 $56,200
2018 $4,772 $109,400 $53,200 $56,200
2017 $4,703 $109,400 $53,200 $56,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK372818

Bright MLS

APN: 43-5335-13-24-1693

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