606 N 5th St Reading, PA 19601
Estimated Value: $584,744
--
Bed
--
Bath
9,267
Sq Ft
$63/Sq Ft
Est. Value
Highlights
- Wood Flooring
- En-Suite Primary Bedroom
- 5-minute walk to Centre Park
- No HOA
- Hot Water Heating System
About This Home
As of January 2015One of Reading's most coveted Historic Mansions; "Swanona". Built by Steel Magnate James Carpenter of Carpenter Steel Corporation. The mansion and large carriage house is majestically positioned in the heart of Centre Park Historical District. Today the Mansion offers 3 Spectacular Apartments in the main house each with approx. 2,000 sq ft featuring superb architectural details, high ceilings and fireplaces. Plus 3 apartments in the large brick Carriage house. This one of a kind cash generating property has been featured on many home and garden tours over the years and is the former home of the Bell Tower Salon and Day Spa. The mansion offers a large parking lot, and circular driveway systems around the North and South Porticos of the home. Ideal for owner occupancy, each apartment is separately metered for gas (Heating, H20, Cooking) and Electric. With the tenants paying their own utilities. Landlord pays Trash, Water, and Sewer. The parking lot can offer additional income potional from monthly space rental.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1915
Lot Details
- 0.5 Acre Lot
- Property is in good condition
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Shingle Roof
- Slate Roof
Interior Spaces
- En-Suite Primary Bedroom
- 9,267 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Wall to Wall Carpet
- Tile or Brick
- Vinyl
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Private Parking
- Driveway
- Parking Lot
Schools
- Reading Senior High School
Utilities
- Radiator
- Heating System Uses Gas
- Hot Water Heating System
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 7706
- Assessor Parcel Number 14-5307-59-73-7706
Community Details
Overview
- No Home Owners Association
- Centre Park Histor Subdivision
Building Details
- Income includes parking
- Insurance Expense $2,544
- Maintenance Expense $5,500
- Other Expense $2,750
- Operating Expense $25,789
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 18, 2013
Closed on
Jan 30, 2015
Sold by
Curtis Max L
Bought by
Swanona Llc
Seller's Agent
The Sands Team
Sands & Company Real Estate
Buyer's Agent
Chad Schlanger
United Real Estate Strive 212
List Price
$359,900
Sold Price
$315,000
Premium/Discount to List
-$44,900
-12.48%
Total Days on Market
377
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
$269,744
Avg. Annual Appreciation
6.20%
Original Mortgage
$236,250
Interest Rate
3.81%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Oct 12, 2005
Sold by
Bank One Na
Bought by
Curtis Max L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,425
Interest Rate
5.79%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 15, 2005
Sold by
Skiles Brian J
Bought by
Bank One Na
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,425
Interest Rate
5.79%
Mortgage Type
Commercial
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Similar Homes in Reading, PA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Swanona Llc | $315,000 | None Available | |
| Curtis Max L | $289,900 | Fidelity Natl Title Ins Co | |
| Bank One Na | $1,700 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Swanona Llc | $80,000 | |
| Open | Swanona Llc | $429,000 | |
| Closed | Swanona Llc | $345,000 | |
| Closed | Swanona Llc | $40,000 | |
| Closed | Swanona Llc | $236,250 | |
| Previous Owner | Curtis Max L | $161,000 | |
| Previous Owner | Curtis Max L | $217,425 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2015 01/31/15 | Sold | $315,000 | -12.5% | $34 / Sq Ft |
| 10/30/2014 10/30/14 | Pending | -- | -- | -- |
| 10/18/2013 10/18/13 | For Sale | $359,900 | -- | $39 / 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 | $7,803 | $287,500 | $97,900 | $189,600 |
| 2024 | $12,766 | $287,500 | $97,900 | $189,600 |
| 2023 | $12,568 | $287,500 | $97,900 | $189,600 |
| 2022 | $12,568 | $287,500 | $97,900 | $189,600 |
| 2021 | $12,568 | $287,500 | $97,900 | $189,600 |
| 2020 | $12,442 | $287,500 | $97,900 | $189,600 |
| 2019 | $12,442 | $287,500 | $97,900 | $189,600 |
| 2018 | $12,442 | $287,500 | $97,900 | $189,600 |
| 2017 | $12,360 | $287,500 | $97,900 | $189,600 |
| 2016 | $7,061 | $287,500 | $97,900 | $189,600 |
| 2015 | $7,061 | $287,500 | $97,900 | $189,600 |
| 2014 | $6,497 | $287,500 | $97,900 | $189,600 |
Source: Public Records
Agents Affiliated with this Home
-
The Sands Team
Seller's Agent in 2015
The Sands Team
Sands & Company Real Estate
(610) 401-5650
174 Total Sales
-
Chad Schlanger
C
Buyer's Agent in 2015
Chad Schlanger
United Real Estate Strive 212
(610) 334-2168
59 Total Sales
Map
Source: Bright MLS
MLS Number: 1003623806
APN: 14-5307-59-73-7706
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