NOT LISTED FOR SALE

702 Lorane Rd Reading, PA 19606

Lorane Neighborhood

Estimated Value: $254,000 - $307,000

4 Beds
2 Baths
924 Sq Ft
$303/Sq Ft Est. Value

Last Sold June 09, 2022

Last sale price $245,000 $265 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,645/month

1 Day on Market

Highlights

  • Cape Cod Architecture
  • No HOA
  • Eat-In Kitchen
  • Exeter Township Senior High School Rated A-
  • 2 Car Detached Garage
  • Living Room

About This Home

As of June 2022

Freshly renovated Exeter cape on nice, open level .25 acres with a one car garage and a convenient carport. Entertain on the back patio and have plenty of parking for your guests! The playset in the back can come with the property, too......the kids will be thrilled! The windows throughout are vinyl replacement windows. The gas driven forced hot air HVAC and hot water heater are both only one year old! Enter into a first floor living room that flows right into the kitchen and eating area....The kitchen offers a full appliance package of dishwasher, gas stove, and frig that is only one year old.....A back door to the yard is handy......The first floor bath features a tub/shower combination and has been renovated. The two main floor bedrooms are nicely sized and offer good closet space. The second floor features one large bedroom and one smaller one and a full bathroom with a walk in oversized stall shower. The laundry is in the basement.....there is a 100 amp electrical service.....and a walk out bilco door. The basement could easily be finished. This is the property for you!

Last Listed By

Donna Godfrey

Godfrey Properties Listed on: 05/04/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,959

Year Built

  • Built in 1950

Lot Details

  • 0.25 Acre Lot
  • Property is zoned RESD

Parking

  • 2 Car Detached Garage
  • Front Facing Garage

Home Design

  • Cape Cod Architecture
  • Block Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 924 Sq Ft Home
  • Property has 2 Levels
  • Living Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Unfinished Basement

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

Schools

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

Utilities

  • Forced Air Heating System
  • 100 Amp Service
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 4128
  • Assessor Parcel Number 43-5325-12-85-4128

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,959

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Expected On Market: 2022-05-04
  • Federal Flood Zone: No
  • Year Built: 1950
  • Automatically Close On Close Date: Yes
  • Building Winterized: No
  • Remarks Public: Freshly renovated Exeter cape on nice, open level .25 acres with a one car garage and a convenient carport. Entertain on the back patio and have plenty of parking for your guests! The playset in the back can come with the property, too......the kids will be thrilled! The windows throughout are vinyl replacement windows. The gas driven forced hot air HVAC and hot water heater are both only one year old! Enter into a first floor living room that flows right into the kitchen and eating area....The kitchen offers a full appliance package of dishwasher, gas stove, and frig that is only one year old.....A back door to the yard is handy......The first floor bath features a tub/shower combination and has been renovated. The two main floor bedrooms are nicely sized and offer good closet space. The second floor features one large bedroom and one smaller one and a full bathroom with a walk in oversized stall shower. The laundry is in the basement.....there is a 100 amp electrical service.....and a walk out bilco door. The basement could easily be finished. This is the property for you!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Oven - Self Cleaning, Oven/Range - Gas, Refrigerator, Water Heater
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Kitchen - Eat-In
  • Fireplace: No
  • Foundation Details: Block
  • Levels Count: 2
  • Room Count: 6
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1
  • Basement: Yes
  • Basement Type: Full, Unfinished, Walkout Stairs
  • Laundry Type: Basement
  • Total Sq Ft: 924
  • Living Area Sq Ft: 924
  • Price Per Sq Ft: 243.40
  • Above Grade Finished Sq Ft: 924
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 702

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco
  • Roof: Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: EXETER TOWNSHIP
  • Elementary School: LORANE
  • Middle School: EXETER TOWNSHIP JUNIOR
  • High School: EXETER TOWNSHIP SENIOR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397319
  • School District Source: Listing Agent
  • Elementary School: LORANE
  • High School: EXETER TOWNSHIP SENIOR
  • Middle Or Junior School: EXETER TOWNSHIP JUNIOR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 44100.00
  • Land Assessed Value: 26600.00
  • Land Use Code: 105
  • Lot Size Acres: 0.25
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10890.00
  • Year Assessed: 2022
  • Zoning: RESD

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 1504943
  • School Tax: 2418.00
  • Tax Annual Amount: 2959.00
  • Assessor Parcel Number: 43-5325-12-85-4128
  • Tax Lot: 4128
  • Tax Page Number: 2
  • Tax Total Finished Sq Ft: 924
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 06/09/2022

MLS Schools

  • School District Name: EXETER TOWNSHIP

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2018
Closed on
Jan 11, 2019
Sold by
Fannie Mae
Bought by
Varady Steven
Seller's Agent
Richard Sachetta
Bold Realty
Buyer's Agent
Richard Sachetta
Bold Realty
List Price
$78,000
Sold Price
$78,000
Total Days on Market
1
Current Estimated Value
$280,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,000
Avg. Annual Appreciation
21.94%
Original Mortgage
$53,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 2017
Sold by
Weaknecht Eric J
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 27, 1964
Bought by
Kelley Bernard W

Range of Values:

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Average Value
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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
Varady Steven $86,000 None Available
Federal National Mortgage Association $9,000 --
Kelley Bernard W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Varady Steven $53,000
Previous Owner Kelley Bernard W $201,000
Previous Owner Kelley Bernard W $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2022 06/09/22 Sold $245,000 +8.9% $265 / Sq Ft
05/06/2022 05/06/22 Pending -- -- --
05/04/2022 05/04/22 For Sale $224,900 +188.3% $243 / Sq Ft
12/20/2018 12/20/18 Sold $78,000 0.0% $84 / Sq Ft
11/21/2018 11/21/18 For Sale $78,000 -- $84 / 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 $1,121 $70,700 $26,600 $44,100
2024 $3,358 $70,700 $26,600 $44,100
2023 $3,248 $70,700 $26,600 $44,100
2022 $3,211 $70,700 $26,600 $44,100
2021 $3,163 $70,700 $26,600 $44,100
2020 $3,128 $70,700 $26,600 $44,100
2019 $3,093 $70,700 $26,600 $44,100
2018 $3,084 $70,700 $26,600 $44,100
2017 $3,039 $70,700 $26,600 $44,100
2016 $742 $70,700 $26,600 $44,100
2015 $742 $70,700 $26,600 $44,100
2014 $716 $70,700 $26,600 $44,100
Source: Public Records

Agents Affiliated with this Home

  • Donna Godfrey

    Seller's Agent in 2022

    Donna Godfrey

    Godfrey Properties

    (267) 688-0536

    1 in this area

    167 Total Sales

    Donna Godfrey
    Section Image
  • Kristi Medvetz

    Buyer's Agent in 2022

    Kristi Medvetz

    Herb Real Estate, Inc.

    (484) 941-4066

    1 in this area

    45 Total Sales

    Kristi Medvetz
    Section Image
  • Richard Sachetta

    Seller's Agent in 2018

    Richard Sachetta

    Bold Realty

    (610) 507-4198

    74 Total Sales

    Richard Sachetta
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PABK2015240

Bright MLS

APN: 43-5325-12-85-4128

Pennsylvania Berks County Reading 19606 Lorane

702 Lorane Rd, Reading, PA

Homes for Sale in Reading, PA

This home is located at 702 Lorane Rd, Reading, PA 19606 since 04 May 2022 and is currently estimated at $280,000, approximately $303 per square foot. This property was built in 1950. 702 Lorane Rd is a home located in Berks County with nearby schools including Lorane Elementary School, Exeter Township Junior High School, and Exeter Township Senior High School.

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