$120,000
SOLD MAR 12, 2020

614 Lorane Rd Reading, PA 19606

4 Beds
2 Baths
1,715 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$70 Per Sq Ft

14% Below List Price

6 Days on Market

Highlights

  • Cape Cod Architecture
  • No HOA
  • Living Room
  • Exeter Township Senior High School Rated A-
  • 1 Car Detached Garage
  • Parking Storage or Cabinetry

About This Home

As of August 2020

Cape Cod located in Lorane Orchards and close to school and shopping. Four bedroom and two bath is ready for a new owner to give it some TLC. The basement is partially finished with a bathroom, laundry area, storage and steps that lead to the back yard. This home has great potential but needs some work to get up to today's standards.

Last Agent to Sell the Property

James Welde

BHHS Homesale Realty- Reading Berks License #RS340297 Listed on: 02/14/2020

Last Buyer's Agent

Christopher Fritchman

House & Land Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • 6,098 Sq Ft Lot

Parking

  • 1 Car Detached Garage
  • 4 Open Parking Spaces
  • 1 Detached Carport Space
  • Parking Storage or Cabinetry
  • Driveway

Home Design

  • Cape Cod Architecture

Interior Spaces

  • 1,715 Sq Ft Home
  • Property has 2 Levels
  • Living Room

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Sump Pump
  • Laundry in Basement

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Oil
  • 100 Amp Service
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Lorane Orchard Subdivision

Listing and Financial Details

  • Tax Lot 4356
  • Assessor Parcel Number 43-5325-12-85-4356

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • Inclusions: Washer and Dryer (as is)
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1930
  • Remarks Public: Cape Cod located in Lorane Orchards and close to school and shopping. Four bedroom and two bath is ready for a new owner to give it some TLC. The basement is partially finished with a bathroom, laundry area, storage and steps that lead to the back yard. This home has great potential but needs some work to get up to today's standards.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Washer
  • Fireplace: No
  • Levels Count: 2
  • Room Count: 7
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Basement, Full Bath
  • Basement: Yes
  • Basement Type: Full, Partially Finished, Sump Pump, Walkout Stairs
  • Laundry Type: Basement
  • Total Sq Ft: 1715
  • Living Area Sq Ft: 1715
  • Price Per Sq Ft: 81.63
  • Above Grade Finished Sq Ft: 1715
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 614

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Mixed
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Carport Spaces: 1
  • Garage: Yes
  • Open Parking Spaces Count: 4
  • Garage Features: Additional Storage Area
  • Number Of Detached Carport Spaces: 1
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Detached Carport, Detached Garage, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Electric Service: 100 Amp Service
  • Heating Fuel: Oil
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

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

Lot Info

  • Land Use Code: 110
  • Lot Size Acres: 0.14
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6098.00
  • Year Assessed: 2020
  • Zoning: RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 2271.00
  • Tax Annual Amount: 3035.00
  • Assessor Parcel Number: 43-5325-12-85-4356
  • Tax Lot: 4356
  • Tax Total Finished Sq Ft: 1715
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 03/12/2020

MLS Schools

  • School District Name: EXETER TOWNSHIP

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2020
Closed on
Aug 24, 2020
Sold by
Stasko Brothers Llc
Bought by
Nichols Ryan and Nichols Ryan
Seller's Agent
Christopher Fritchman
House & Land Real Estate
Buyer's Agent
Margaret Vechy
Keller Williams Real Estate-Blue Bell
List Price
$229,900
Sold Price
$235,000
Premium/Discount to List
$5,100
2.22%
Current Estimated Value
$314,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,925
Avg. Annual Appreciation
5.70%
Original Mortgage
$230,743
Outstanding Balance
$207,080
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$101,047

Purchase Details

Listed on
Feb 14, 2020
Closed on
Mar 6, 2020
Sold by
Moatz Gloria P and Baddick Sheila L
Bought by
Stasko Brothers Llc
Seller's Agent
James Welde
BHHS Homesale Realty- Reading Berks
Buyer's Agent
Christopher Fritchman
House & Land Real Estate
List Price
$140,000
Sold Price
$120,000
Premium/Discount to List
-$20,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
345.28%

Purchase Details

Closed on
Sep 9, 1955
Bought by
Moatz Donald R and Moatz Gloria P
Source: Public Records

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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 Type Sale Price Title Company
Deed $235,000 Greater Montgomery Setmnt Sv
Deed $120,000 Signature Abstract
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $230,743 FHA
Previous Owner $25,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2020 08/24/20 Sold $235,000 +2.2% $137 / Sq Ft
07/16/2020 07/16/20 Pending -- -- --
07/12/2020 07/12/20 For Sale $229,900 +91.6% $134 / Sq Ft
03/12/2020 03/12/20 Sold $120,000 0.0% $70 / Sq Ft
02/21/2020 02/21/20 Off Market $120,000 -- --
02/20/2020 02/20/20 Pending -- -- --
02/14/2020 02/14/20 For Sale $140,000 -- $82 / 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 $1,092 $68,600 $21,300 $47,300
2024 $3,258 $68,600 $21,300 $47,300
2023 $3,151 $68,600 $21,300 $47,300
2022 $3,116 $68,600 $21,300 $47,300
2021 $3,069 $68,600 $21,300 $47,300
2020 $3,035 $68,600 $21,300 $47,300
2019 $3,001 $68,600 $21,300 $47,300
2018 $2,992 $68,600 $21,300 $47,300
2017 $2,949 $68,600 $21,300 $47,300
2016 $720 $68,600 $21,300 $47,300
2015 $720 $68,600 $21,300 $47,300
2014 $695 $68,600 $21,300 $47,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK354322

Bright MLS

APN: 43-5325-12-85-4356