NOT LISTED FOR SALE

738 N 11th St Reading, PA 19604

Outlet Area Neighborhood

Estimated Value: $132,952

-- Bed
-- Bath
-- Sq Ft
1,742 Sq Ft Lot

Last Sold March 31, 2021

Last sale price $95,000

Est. 40% increase in value since last sale

Current estimated payment $768/month

Highlights

  • Victorian Architecture
  • No HOA
  • Downtown Location
  • 1 Fireplace
  • 1 Car Detached Garage
  • Hot Water Heating System

About This Home

As of March 2021

large two unit with rented detached garage... income from day one! Northeast Reading town home configured with spacious 1st floor 1 bedroom apartment, proposed rent $675. longer term tenant in the 2nd / 3rd floor 3 bedroom apartment currently rented for $700. tenants pay their own heat and hotwater. additional income and expense detail to follw

Last Agent to Sell the Property

Sean Moretti

(484) 769-3209 seanhmoretti@gmail.com Destination Realty LLC Listed on: 01/01/2021

Last Buyer's Agent

Sean Moretti

(484) 769-3209 seanhmoretti@gmail.com Destination Realty LLC Listed on: 01/01/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,259

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot
  • Downtown Location
  • Property is in good condition

Parking

  • 1 Car Detached Garage
  • Rear-Facing Garage

Home Design

  • Duplex
  • Victorian Architecture
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 1 Fireplace
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Schools

  • Reading Senior High School

Utilities

  • Cooling System Utilizes Natural Gas
  • Heating System Uses Natural Gas
  • Hot Water Baseboard Heater
  • Hot Water Heating System
  • Electric Baseboard Heater
  • Natural Gas Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • The owner pays for electricity, sewer
  • Tax Lot 0427
  • Assessor Parcel Number 12-5317-53-14-0427

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 3-Story Building

Building Details

  • 1 Vacant Unit
  • Income includes parking, apartment rentals
  • Gross Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,259

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: large two unit with rented detached garage... income from day one! Northeast Reading town home configured with spacious 1st floor 1 bedroom apartment, proposed rent $675. longer term tenant in the 2nd / 3rd floor 3 bedroom apartment currently rented for $700. tenants pay their own heat and hotwater. additional income and expense detail to follw
  • Special Features: None

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Brick/Mortar
  • Room Count: 10
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 738

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Natural Gas
  • Heating Fuel: Natural Gas Available, Electric
  • Heating Type: Baseboard - Electric, Hot Water, Hot Water & Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas, Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Phone Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: READING
  • High School: READING SENIOR
  • High School Source: Listing Agent
  • School District Key: 300200397169
  • School District Source: Listing Agent
  • High School: READING SENIOR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 21800.00
  • Land Assessed Value: 7000.00
  • Land Use Code: 4126
  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Property Condition: Good
  • Soil Types: Unknown
  • Year Assessed: 2021
  • Zoning: R3
  • Zoning Description: higher density residential

Rental Info

  • Existing Lease Type: Double Net
  • Ground Rent Exists: No
  • Owner Pays: Electricity, Sewer
  • Rent Control: No
  • Total Actual Rent: 18000.00
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1450596
  • School Tax: 516.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1259.00
  • Assessor Parcel Number: 12-5317-53-14-0427
  • Tax Lot: 0427
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 03/31/2021

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 18000.00
  • Gross Scheduled Income: 18000.00
  • Income Includes: Parking, Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2021
Closed on
Mar 25, 2021
Sold by
Cortez Joaquin R
Bought by
Demirovic Fatmir and Demirovic Hadzira
Seller's Agent
Sean Moretti
Destination Realty LLC
Buyer's Agent
Sean Moretti
Destination Realty LLC
List Price
$126,000
Sold Price
$95,000
Premium/Discount to List
-$31,000
-24.6%
Current Estimated Value
$132,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,952
Avg. Annual Appreciation
7.26%
Original Mortgage
$71,250
Outstanding Balance
$64,367
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$65,758

Purchase Details

Closed on
Mar 27, 2001
Sold by
Kercher Dorothy R
Bought by
Commings Gary C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,500
Interest Rate
7.05%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Demirovic Fatmir $95,000 Stewart Abstract
Commings Gary C $17,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Demirovic Fatmir $71,250
Previous Owner Commings Gary C $17,500
Closed Commings Gary C $29,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2021 03/31/21 Sold $95,000 0.0% --
03/01/2021 03/01/21 Pending -- -- --
02/26/2021 02/26/21 Off Market $95,000 -- --
01/01/2021 01/01/21 For Sale $126,000 -- --
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 $782 $28,800 $7,000 $21,800
2024 $1,279 $28,800 $7,000 $21,800
2023 $1,259 $28,800 $7,000 $21,800
2022 $1,259 $28,800 $7,000 $21,800
2021 $1,259 $28,800 $7,000 $21,800
2020 $1,246 $28,800 $7,000 $21,800
2019 $1,246 $28,800 $7,000 $21,800
2018 $1,246 $28,800 $7,000 $21,800
2017 $1,238 $28,800 $7,000 $21,800
2016 $707 $28,800 $7,000 $21,800
2015 $707 $28,800 $7,000 $21,800
2014 $651 $28,800 $7,000 $21,800
Source: Public Records

Agents Affiliated with this Home

  • Sean Moretti

    Seller's Agent in 2021

    Sean Moretti

    Destination Realty LLC

    (484) 769-3209

    3 in this area

    60 Total Sales

    Sean Moretti
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Map

Source: Bright MLS

MLS Number: PABK371986

Bright MLS

APN: 12-5317-53-14-0427

Pennsylvania Berks County Reading 19604 Outlet Area

738 N 11th St, Reading, PA

This home is located at 738 N 11th St, Reading, PA 19604 since 01 January 2021 and is currently estimated at $132,952. This property was built in 1900. 738 N 11th St is a home located in Berks County with nearby schools including Tenth & Green El School, Central Middle School, and Reading Senior High School.

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