Seller's Agent in 2020
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
8 in this area
201 Total Sales
661 N 11th St Reading, PA 19604
District 6 Neighborhood
Studio
3
Baths
1,975
Sq Ft
1,742
Sq Ft Lot
Highlights
- Traditional Architecture
- No HOA
- More Than Two Accessible Exits
- Wood Flooring
- Window Unit Cooling System
- Hot Water Heating System
About This Home
As of September 2020Large NE Reading 3 Unit in good condition. City Of Reading Code inspected and passed in 12/2020. Building is fully rented with long term tenants. All units are full electric. Heating is electric baseboard and paid for by the tenants. 3 Electric water heaters all in basement are paid for by the tenants. 2 of the water heaters are newer. Top roof is asphalt shingle. Rear roof is rubber. 200 AMP main electrical service. 4 Breaker panels. Basement used to be a bike shop years ago and has a display window and walkout street level access. Unit 1 - 1st floor, has 4 rooms, 2 BRS, living room, kitchen, bath, yard access, 1 year tenant, 725 a month. Unit 2 - 2nd & 3rd floor front has 3 rooms, 1 BR, living room, kitchen, bath, hardwood and vinyl floors, 2-3 year tenant, $570 a month. Unit 3 - 2nd Floor rear, efficiency unit, 3 rooms, BR/Living Room, kitchen, bath, bonus room, balcony, hardwood & vinyl floors, 2 year tenant, $415 a month. Total income yearly: $20,520. Total expenses: $5,623. NET Income: $14,897. CAP RATE: 12%. Expenses breakdown: Taxes: $1,965. Insurance: $550. Owner's Electric: $348. Water/Sewer: $$1,800. Trash/Recycling: $960. Excellent investment opportunity in the popular NE Reading section of the City and near all scholls K-College. This is a must for your investment portfolio!
Last Agent to Sell the Property
(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 07/01/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,965
Year Built
- Built in 1867
Lot Details
- 1,742 Sq Ft Lot
- Property is in good condition
Parking
- On-Street Parking
Home Design
- Triplex
- Traditional Architecture
- Brick Exterior Construction
- Stone Foundation
- Shingle Roof
- Rubber Roof
Interior Spaces
- 1,975 Sq Ft Home
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Laminate
- Vinyl
Utilities
- Window Unit Cooling System
- Hot Water Heating System
- 200+ Amp Service
- Multi-Tank Electric Water Heater
- Municipal Trash
Additional Features
- More Than Two Accessible Exits
- Exterior Lighting
Listing and Financial Details
- The owner pays for common area maintenance, insurance, management, sewer, sewer maintenance, real estate taxes, trash collection, water
- Tax Lot 2005
- Assessor Parcel Number 12-5317-53-14-2005
Community Details
Overview
- No Home Owners Association
- 3 Units
- 4-Story Building
Building Details
- Income includes apartment rentals
- Insurance Expense $550
- Other Expense $4,013
- Trash Expense $960
- Operating Expense $5,623
- Net Operating Income $14,897
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 1, 2023
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,000
Interest Rate
0.0681%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 1, 2020
Closed on
Sep 15, 2020
Sold by
Bought by
Seller's Agent
Jose Candelaria
RE/MAX Of Reading
Buyer's Agent
Renee Hamilton
BHHS Homesale Realty- Reading Berks
List Price
$125,000
Sold Price
$120,000
Premium/Discount to List
-$5,000
-4%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
0.029%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 27, 2005
Sold by
Bought by
Purchase Details
Closed on
Apr 18, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,800
Interest Rate
0.0593%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $100,000 | None Listed On Document | ||
| $120,000 | Title Services | ||
| $66,000 | First American Title Ins Co | ||
| $45,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $160,000 | ||
| Closed | $109,000 | ||
| Previous Owner | $90,000 | ||
| Previous Owner | $463,297 | ||
| Previous Owner | $36,800 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/16/2020 09/16/20 | Sold | $120,000 | 0.0% | $61 / Sq Ft |
| 08/12/2020 08/12/20 | Pending | -- | -- | -- |
| 08/11/2020 08/11/20 | Off Market | $120,000 | -- | -- |
| 08/07/2020 08/07/20 | For Sale | $125,000 | +4.2% | $63 / Sq Ft |
| 07/01/2020 07/01/20 | Off Market | $120,000 | -- | -- |
Source: Bright MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $1,282 | $45,400 | $14,300 | $31,100 |
| 2025 | $1,232 | $45,400 | $14,300 | $31,100 |
| 2024 | $2,016 | $45,400 | $14,300 | $31,100 |
| 2023 | $1,985 | $45,400 | $14,300 | $31,100 |
| 2022 | $1,985 | $45,400 | $14,300 | $31,100 |
| 2021 | $1,985 | $45,400 | $14,300 | $31,100 |
| 2020 | $1,965 | $45,400 | $14,300 | $31,100 |
| 2019 | $1,965 | $45,400 | $14,300 | $31,100 |
| 2018 | $1,965 | $45,400 | $14,300 | $31,100 |
| 2017 | $1,952 | $45,400 | $14,300 | $31,100 |
| 2016 | $1,115 | $45,400 | $14,300 | $31,100 |
| 2015 | $1,115 | $45,400 | $14,300 | $31,100 |
| 2014 | $1,026 | $45,400 | $14,300 | $31,100 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Candelaria
-
Renee Hamilton
Buyer's Agent in 2020
Renee Hamilton
BHHS Homesale Realty- Reading Berks
(610) 406-1528
20 Total Sales
Map
Source: Bright MLS
MLS Number: PABK359674
APN: 5317-53-14-2005
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