Seller's Agent in 2025
Clair Mckoy
Iron Valley Real Estate of Berks
(484) 769-5680
1 in this area
132 Total Sales
643 Penn Ave Reading, PA 19611
--
Bed
--
Bath
--
Sq Ft
3,920
Sq Ft Lot
Highlights
- Wood Flooring
- Downtown Location
- Hot Water Heating System
- West Reading Elementary Center Rated A-
- Central Heating and Cooling System
About This Home
As of August 2025Located in the vibrant and highly desirable West Reading corridor, this fully leased two-unit mixed-use property offers immediate income and long-term potential. The first floor features a commercial/retail space currently occupied by a stable tenant. With high visibility, excellent foot traffic, and a strong presence on one of the busiest streets in the area, this space is ideal for continued retail or professional use.
The second floor is a well-maintained 2 bedroom residential unit, also tenant-occupied, providing additional steady income. The apartment has a private entrance and offers a comfortable living space with a layout that suits long-term rental demand in this popular neighborhood.
Property boasts a solid rental history with reliable tenants in place. Just steps from Penn Avenue’s shops, dining, and entertainment, this property is perfectly positioned for both investor and potential owner-occupant interest.
Last Agent to Sell the Property
(484) 769-5680 clair.mckoy@icloud.com Iron Valley Real Estate of Berks Listed on: 06/22/2025
Last Buyer's Agent
(609) 442-9946 chris.marrella@kw.com Keller Williams Platinum Realty - Wyomissing License #RS362685
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,672
Year Built
- Built in 1920
Lot Details
- 3,920 Sq Ft Lot
- Downtown Location
Home Design
- Brick Exterior Construction
- Pitched Roof
- Concrete Perimeter Foundation
Flooring
- Wood
- Tile or Brick
- Vinyl
Utilities
- Central Heating and Cooling System
- Hot Water Heating System
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 2389
- Assessor Parcel Number 93-5307-17-10-2389
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 22, 2025
Closed on
Aug 25, 2025
Sold by
Jdc Penn Ave Llc
Bought by
643 Penn Ave Llc
Seller's Agent
Clair Mckoy
Iron Valley Real Estate of Berks
Buyer's Agent
Chris Marrella
Keller Williams Platinum Realty - Wyomissing
List Price
$550,000
Sold Price
$550,000
Views
31
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-22.32%
Original Mortgage
$412,500
Outstanding Balance
$412,500
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$126,500
Purchase Details
Closed on
Apr 25, 2023
Sold by
Shenk Christina M
Bought by
Jdc Penn Ave Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
6.32%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 2, 2012
Sold by
Cumis Insurance Society Inc
Bought by
Shenk Christina M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
3.67%
Mortgage Type
FHA
Purchase Details
Closed on
Mar 22, 2012
Sold by
Philly Key Promotions Llc
Bought by
Cumis Insurance Society Inc
Purchase Details
Closed on
Aug 28, 2007
Sold by
Talarico Christina
Bought by
Katerman Julia
Purchase Details
Closed on
Sep 16, 2004
Sold by
Talarico Hoffman Christina and Hoffman Kevin S
Bought by
Talarico Christina
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 |
|---|---|---|---|
| Special Warranty Deed | $550,000 | Terra Settlement Services | |
| Deed | $375,000 | None Listed On Document | |
| Special Warranty Deed | $150,000 | None Available | |
| Sheriffs Deed | $2,000 | None Available | |
| Deed | $395,000 | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $412,500 | New Conventional | |
| Previous Owner | $281,250 | New Conventional | |
| Previous Owner | $120,000 | FHA | |
| Previous Owner | $20,000 | Unknown | |
| Previous Owner | $550,000 | Unknown | |
| Previous Owner | $134,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/25/2025 08/25/25 | Sold | $550,000 | 0.0% | -- |
| 06/26/2025 06/26/25 | Pending | -- | -- | -- |
| 06/22/2025 06/22/25 | For Sale | $550,000 | -- | -- |
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 | $3,252 | $143,800 | $56,600 | $87,200 |
| 2024 | $7,948 | $143,800 | $56,600 | $87,200 |
| 2023 | $3,845 | $104,800 | $56,600 | $48,200 |
| 2022 | $5,376 | $104,800 | $56,600 | $48,200 |
| 2021 | $5,283 | $104,800 | $56,600 | $48,200 |
| 2020 | $5,129 | $104,800 | $56,600 | $48,200 |
| 2019 | $5,023 | $104,800 | $56,600 | $48,200 |
| 2018 | $4,881 | $104,800 | $56,600 | $48,200 |
| 2017 | $4,772 | $104,800 | $56,600 | $48,200 |
| 2016 | $1,538 | $104,800 | $56,600 | $48,200 |
| 2015 | $1,538 | $104,800 | $56,600 | $48,200 |
| 2014 | $1,486 | $104,800 | $56,600 | $48,200 |
Source: Public Records
Agents Affiliated with this Home
-
Clair Mckoy
-
Chris Marrella
C
Buyer's Agent in 2025
Chris Marrella
Keller Williams Platinum Realty - Wyomissing
(609) 442-9946
11 in this area
66 Total Sales
Map
Source: Bright MLS
MLS Number: PABK2059058
APN: 93-5307-17-10-2389
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