NOT LISTED FOR SALE

722 Franklin St Reading, PA 19602

Southeast Reading Neighborhood

Estimated Value: $95,471 - $212,000

5 Beds
2 Baths
2,064 Sq Ft
$78/Sq Ft Est. Value

Last Sold April 29, 2020

Last sale price $17,500 $8 Per Sq Ft

Est. 824% increase in value since last sale

Current estimated payment $958/month

10 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Hot Water Heating System

About This Home

As of April 2020

Located in downtown Reading is this 3 story rowhouse with nearly 2000 square feet of living space. House has 5 bedrooms and 2 kitchens and was previously used as a two unit rental property but currently there is no separation between the possible units. There is a kitchen on the first floor and a second kitchen on the second floor with a front and rear stairway. Property is walking distance and very convenient to Penn Street, Santander Arena, public transportation and more. Looking for a project with a potential for steady income, this could be it. Home is being sold AS IS. All properties sold "As-Is" without any guarantee or warranty. Municipalities requiring Use & Occupancy (U&O) inspections are at purchaser's expense. Purchaser responsible for all closing costs including transfer tax. Equal Housing Opportunity Property. This property has been placed in an upcoming online event. All bids should be submitted at www.xome.com/auctions (void where prohibited). Please submit any pre-auction offers received through the property details page on Xome.com. Any post-auction offers will need to be submitted directly to the listing agent. All offers will be reviewed and responded to within 3 business days. All properties are subject to a 5% buyer's premium pursuant to the Auction Participation Agreement and Terms & Conditions (minimums will apply).

Last Agent to Sell the Property

Jim Marks

Springer Realty Group License #AB068681 Listed on: 04/05/2020

Springer Realty Group

Last Buyer's Agent

Dasha Martynenka

ROI National Realty Corp

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1900

Lot Details

  • 1,307

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,064 Sq Ft Home
  • Property has 3 Levels
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms

Additional Features

  • 1,307 Sq Ft Lot
  • Urban Location
  • Hot Water Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1564
  • Assessor Parcel Number 03-5306-28-99-1564

Townhouse Details

Home Type

Townhome

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: No
  • Year Built: 1900
  • Remarks Public: Located in downtown Reading is this 3 story rowhouse with nearly 2000 square feet of living space. House has 5 bedrooms and 2 kitchens and was previously used as a two unit rental property but currently there is no separation between the possible units. There is a kitchen on the first floor and a second kitchen on the second floor with a front and rear stairway. Property is walking distance and very convenient to Penn Street, Santander Arena, public transportation and more. Looking for a project with a potential for steady income, this could be it. Home is being sold AS IS. All properties sold "As-Is" without any guarantee or warranty. Municipalities requiring Use & Occupancy (U&O) inspections are at purchaser's expense. Purchaser responsible for all closing costs including transfer tax. Equal Housing Opportunity Property. This property has been placed in an upcoming online event. All bids should be submitted at www.xome.com/auctions (void where prohibited). Please submit any pre-auction offers received through the property details page on Xome.com. Any post-auction offers will need to be submitted directly to the listing agent. All offers will be reviewed and responded to within 3 business days. All properties are subject to a 5% buyer's premium pursuant to the Auction Participation Agreement and Terms & Conditions (minimums will apply).
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2064
  • Living Area Sq Ft: 2064
  • Price Per Sq Ft: 16.47
  • Above Grade Finished Sq Ft: 2064
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 722

Beds/Baths

  • Bedrooms: 5
  • 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: Brick
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • 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: READING
  • School District Key: 300200397169
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 15300.00
  • Land Assessed Value: 6600.00
  • Land Use Code: 117R
  • Lot Size Acres: 0.03
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1307.00
  • Year Assessed: 2020
  • Zoning: UNK

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1441721
  • School Tax: 393.00
  • Tax Annual Amount: 948.00
  • Assessor Parcel Number: 03-5306-28-99-1564
  • Tax Lot: 1564
  • Tax Total Finished Sq Ft: 2064
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 04/29/2020

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2020
Closed on
Apr 17, 2020
Sold by
Chimera Reo 2018 Nr1 Llc
Bought by
Ecp1 Llc
Seller's Agent
Jim Marks
Springer Realty Group
Buyer's Agent
Dasha Martynenka
ROI National Realty Corp
List Price
$40,000
Sold Price
$17,500
Premium/Discount to List
-$22,500
-56.25%
Total Days on Market
10
Current Estimated Value
$161,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,118
Avg. Annual Appreciation
54.63%

Purchase Details

Closed on
Dec 26, 2019
Sold by
Skiles Brian J
Bought by
Chimera Reo 2018 Nr 1 Llc
Source: Public Records

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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
Ecp1 Llc $17,500 Vylla Title Llc
Chimera Reo 2018 Nr 1 Llc $1,930 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ecp1 Llc $89,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2020 04/29/20 Sold $17,500 -48.5% $8 / Sq Ft
04/15/2020 04/15/20 Pending -- -- --
04/14/2020 04/14/20 Price Changed $34,000 -15.0% $16 / Sq Ft
04/05/2020 04/05/20 For Sale $40,000 -- $19 / 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 $594 $21,900 $6,600 $15,300
2024 $972 $21,900 $6,600 $15,300
2023 $957 $21,900 $6,600 $15,300
2022 $957 $21,900 $6,600 $15,300
2021 $957 $21,900 $6,600 $15,300
2020 $948 $21,900 $6,600 $15,300
2019 $948 $21,900 $6,600 $15,300
2018 $948 $21,900 $6,600 $15,300
2017 $942 $21,900 $6,600 $15,300
2016 $538 $21,900 $6,600 $15,300
2015 $538 $21,900 $6,600 $15,300
2014 $495 $21,900 $6,600 $15,300
Source: Public Records

Agents Affiliated with this Home

  • Jim Marks

    Seller's Agent in 2020

    Jim Marks

    Springer Realty Group

    (484) 985-9494

    79 Total Sales

    Jim Marks
    Section Image
  • Dasha Martynenka

    Buyer's Agent in 2020

    Dasha Martynenka

    ROI National Realty Corp

    (267) 221-2958

    43 Total Sales

    Dasha Martynenka
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PABK356754

Bright MLS

APN: 03-5306-28-99-1564

Pennsylvania Berks County Reading 19602 Southeast Reading

722 Franklin St, Reading, PA

This home is located at 722 Franklin St, Reading, PA 19602 since 05 April 2020 and is currently estimated at $161,618, approximately $78 per square foot. This property was built in 1900. 722 Franklin St is a home located in Berks County with nearby schools including Amanda E. Stout Elementary School, Southern Middle School, and Reading Senior High School.

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