NOT LISTED FOR SALE

738 N 3rd St Reading, PA 19601

-- Bed
4 Baths
3,379 Sq Ft
3,920 Sq Ft Lot

Last Sold October 17, 2024

Last sale price $290,000 $86 Per Sq Ft

121 Days on Market

Highlights

  • Victorian Architecture
  • Radiant Heating System
  • 1-minute walk to Centre Park

About This Home

As of October 2024

BACK ON THE MARKET DUE TO BUYER'S FINANCING FALLING THROUGH (AFTER INSPECTION AND APPRAISAL CONTINGENCIES HAD ALREADY BEEN MET).....A RARELY OFFERED TRUE-BLUE "QUADRAPLEX" 4-UNIT MULTI-FAMILY BUILDING IN GOOD CONDITION! Building is fully occupied with loyal and mostly long-term tenants who pay their rent on time! Located in the "Centre Park Historic District." Boasting nearly 3,500 sq ft of living space (with large rooms in each unit), this gem offers old world charm with original of woodwork meets modern touches. Such a beautiful community and picturesque block! This building consists of three 1-bedroom apartment units plus one 2-bedroom apartment unit, with a serene backyard in the rear. It features a newer energy efficient heating system and is ripe for owner-occupants who'd like to have the rent-paying tenants help defray the mortgage and expenses. The new owner benefit from the revenue generated by the coin-operated washers and dryers located on-site which helps defray the landlord’s utility cost. Investors will also love this GREAT opportunity in this sought after, historical neighborhood. Must see in person to fully appreciate this one. NOTE: Seller may possibly consider an “assist/concession” for the right, qualified buyer with an attractive offer. Sellers says make ALL written offers known!

Last Agent to Sell the Property

Amber Noble

(732) 991-9426 amber@ambertherealestateexpert.com Keller Williams Main Line Listed on: 05/07/2024

Keller Williams Main Line

Last Buyer's Agent

Ed Stauffer

(610) 334-7099 EStauffer@GoBerksCounty.com RE/MAX Of Reading License #RS294153

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,377

Year Built

  • Built in 1910

Lot Details

  • 3,920 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • 3,379 Sq Ft Home
  • Quadruplex
  • Victorian Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Concrete Perimeter Foundation

Utilities

  • Cooling System Utilizes Natural Gas
  • Radiant Heating System
  • Underground Utilities
  • Natural Gas Water Heater

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • The owner pays for heat, water, common area maintenance, sewer, snow removal, real estate taxes, lawn/shrub care, pest control
  • Tax Lot 6561
  • Assessor Parcel Number 14-5307-58-64-6561

Community Details

Overview

  • 4 Units
  • Centre Park Histor Subdivision

Building Details

  • Income includes apartment rentals, laundry
  • Gross Income $34,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,377

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2024-05-07
  • Year Built: 1910
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: BACK ON THE MARKET DUE TO BUYER'S FINANCING FALLING THROUGH (AFTER INSPECTION AND APPRAISAL CONTINGENCIES HAD ALREADY BEEN MET).....A RARELY OFFERED TRUE-BLUE "QUADRAPLEX" 4-UNIT MULTI-FAMILY BUILDING IN GOOD CONDITION! Building is fully occupied with loyal and mostly long-term tenants who pay their rent on time! Located in the "Centre Park Historic District." Boasting nearly 3,500 sq ft of living space (with large rooms in each unit), this gem offers old world charm with original of woodwork meets modern touches. Such a beautiful community and picturesque block! This building consists of three 1-bedroom apartment units plus one 2-bedroom apartment unit, with a serene backyard in the rear. It features a newer energy efficient heating system and is ripe for owner-occupants who'd like to have the rent-paying tenants help defray the mortgage and expenses. The new owner benefit from the revenue generated by the coin-operated washers and dryers located on-site which helps defray the landlord’s utility cost. Investors will also love this GREAT opportunity in this sought after, historical neighborhood. Must see in person to fully appreciate this one. NOTE: Seller may possibly consider an “assist/concession” for the right, qualified buyer with an attractive offer. Sellers says make ALL written offers known!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 3379
  • Living Area Sq Ft: 3379
  • Price Per Sq Ft: 103.58
  • Above Grade Finished Sq Ft: 3379
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 738

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • 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
  • Cooling Fuel: Natural Gas
  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Under Ground
  • Water Source: Public

Schools

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

Lot Info

  • Land Use Code: 133
  • Lot Size Acres: 0.09
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3920.00
  • Property Condition: Good
  • Year Assessed: 2024
  • Zoning: MULTI

Rental Info

  • Existing Lease Type: Month To Month
  • Owner Pays: Heat, Water, Common Area Maintenance, Sewer, Snow Removal, Taxes - Real Estate, Lawn/Shrub Care, Pest Control
  • Rent Control: No
  • Total Actual Rent: 34440.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2377.00
  • Assessor Parcel Number: 14-5307-58-64-6561
  • Tax Lot: 6561
  • Tax Total Finished Sq Ft: 3379
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024
  • Close Date: 10/17/2024

Multi Family

  • Gross Income: 36800.00
  • Gross Scheduled Income: 34440.00
  • Income Includes: Apartment Rentals, Laundry
  • Single Room Units Count: 1

MLS Schools

  • School District Name: READING

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2024 10/17/24 Sold $290,000 -17.1% $86 / Sq Ft
09/06/2024 09/06/24 Pending -- -- --
08/01/2024 08/01/24 Off Market $350,000 -- --
06/17/2024 06/17/24 Off Market $350,000 -- --
06/15/2024 06/15/24 Price Changed $350,000 0.0% $104 / Sq Ft
06/15/2024 06/15/24 For Sale $350,000 -5.4% $104 / Sq Ft
05/07/2024 05/07/24 For Sale $370,000 -- $109 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PABK2042088

Bright MLS

APN: 5307-58-64-6561