NOT LISTED FOR SALE

745 Mimosa Ln Reading, PA 19606

Estimated Value: $320,000 - $365,000

3 Beds
2 Baths
2,576 Sq Ft
$132/Sq Ft Est. Value

Last Sold December 15, 2022

Last sale price $290,000 $113 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,008/month

3 Days on Market

Highlights

  • No HOA
  • Upgraded Countertops
  • Formal Dining Room
  • Exeter Township Senior High School Rated A-
  • Breakfast Area or Nook
  • Stainless Steel Appliances

About This Home

As of December 2022

**Update: Deadline for offers has been set for Friday, November 11th at 8PM. No more showings after that time** After 42 years in their beloved home, the sellers of this well-kept Bi-Level in Lorane Orchard in Exeter have decide that it time to move on. Situated on a quiet, wide street in this much desired neighborhood, this home is sure to please. Upon entering the home into the lovely tiled foyer, a few steps up will take you into the inviting Living Room where the afternoon sun pours through the front windows. The Kitchen includes recent updates with gorgeous Corian counter tops, attractive maple cabinetry, under cabinet lighting, and stainless steel range, built-in microwave, and dishwasher. The bath is less than a year old, and has a very nice walk-in shower! The Primary Bedroom is spacious and comfortable, and two more bedrooms fill out the upper level. Downstairs, an oversized "L" shaped Family Room is a great place for gatherings, game nights, or snuggling together to watch your favorite movie with a cup of hot chocolate by the cozy wood burning fireplace. In the warmer months, a slider leads out the a amply sized patio where you can grill and enjoy the outdoors. A second full bath is also included on this level with another walk-in shower. The utility room includes a washer and dryer, along with modern newer gas furnace and gas hot water heater (2012). The garage fills out the lower level that features a great additional space for your workshop. Outside, the backyard is fenced-in, and includes a convenient shed. Other features that you will appreciate are a newer roof and siding (2014), 2 zone heating, central air conditioning, and quick and easy access to Rt 422, Reading, or King of Prussia. This home has a combined 2,576 sq. ft. of finished living space and is in "move-in" condition - it won't last long!

Last Agent to Sell the Property

Daniel O'Brien

RE/MAX Of Reading License #RS195548L Listed on: 11/09/2022

RE/MAX Of Reading

Last Buyer's Agent

Melinda Bastable

Keller Williams Realty Group

Keller Williams Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,511

Year Built

  • Built in 1980

Lot Details

  • 8,712 Sq Ft Lot
  • Level Lot
  • Back, Front, and Side Yard
  • Property is in very good condition

Parking

  • 1 Car Direct Access Garage
  • 2 Driveway Spaces
  • Basement Garage
  • Oversized Parking
  • Front Facing Garage
  • On-Street Parking

Home Design

  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Property has 2 Levels
  • Wood Burning Fireplace
  • Brick Fireplace
  • Family Room
  • Living Room
  • Formal Dining Room
  • Utility Room
  • Carpet

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • <<builtInMicrowave>>
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • Walk-in Shower

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Shed

Location

  • Suburban Location

Schools

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

Utilities

  • Central Air
  • Hot Water Baseboard Heater
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Lorane Orchard Subdivision

Listing and Financial Details

  • Tax Lot 7301
  • Assessor Parcel Number 43-5325-12-75-7301

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,511

Year Built

Built in 1980

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bi-Level
  • Ownership: Fee Simple
  • Exclusions: Window Treatments and Hardware, Refrigerators (in Kitchen and Garage)
  • Historic: No
  • Home Warranty: No
  • Inclusions: Washer,, Dryer (electric), Range (electric), Built-in Microwave, Dishwasher, Shed
  • New Construction: No
  • Story List: Lower 1, Main
  • Federal Flood Zone: No
  • Year Built: 1980
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: **Update: Deadline for offers has been set for Friday, November 11th at 8PM. No more showings after that time** After 42 years in their beloved home, the sellers of this well-kept Bi-Level in Lorane Orchard in Exeter have decide that it time to move on. Situated on a quiet, wide street in this much desired neighborhood, this home is sure to please. Upon entering the home into the lovely tiled foyer, a few steps up will take you into the inviting Living Room where the afternoon sun pours through the front windows. The Kitchen includes recent updates with gorgeous Corian counter tops, attractive maple cabinetry, under cabinet lighting, and stainless steel range, built-in microwave, and dishwasher. The bath is less than a year old, and has a very nice walk-in shower! The Primary Bedroom is spacious and comfortable, and two more bedrooms fill out the upper level. Downstairs, an oversized "L" shaped Family Room is a great place for gatherings, game nights, or snuggling together to watch your favorite movie with a cup of hot chocolate by the cozy wood burning fireplace. In the warmer months, a slider leads out the a amply sized patio where you can grill and enjoy the outdoors. A second full bath is also included on this level with another walk-in shower. The utility room includes a washer and dryer, along with modern newer gas furnace and gas hot water heater (2012). The garage fills out the lower level that features a great additional space for your workshop. Outside, the backyard is fenced-in, and includes a convenient shed. Other features that you will appreciate are a newer roof and siding (2014), 2 zone heating, central air conditioning, and quick and easy access to Rt 422, Reading, or King of Prussia. This home has a combined 2,576 sq. ft. of finished living space and is in "move-in" condition - it won't last long!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer, Oven/Range - Electric, Stainless Steel Appliances, Washer
  • Flooring Type: Carpet
  • Interior Amenities: Carpet, Breakfast Area, Formal/Separate Dining Room, Stall Shower, Upgraded Countertops
  • Fireplace Features: Brick, Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Slab
  • Levels Count: 2
  • Room Count: 8
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Family Room, Utility Room, Bathroom 1, Bathroom 2
  • Basement: No
  • Laundry Type: Lower Floor
  • Total Sq Ft: 2576
  • Living Area Sq Ft: 2576
  • Price Per Sq Ft: 143.34
  • Above Grade Finished Sq Ft: 1848
  • Below Grade Finished Sq Ft: 728
  • Total Below Grade Sq Ft: 728
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 745

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Vinyl Siding, Block
  • Exterior Features: Sidewalks, Street Lights
  • 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: 1.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway
  • Garage Features: Garage - Front Entry, Basement Garage, Inside Access, Oversized
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage, On Street, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • 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
  • Middle School: EXETER TOWNSHIP JUNIOR
  • High School: EXETER TOWNSHIP SENIOR
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397319
  • School District Source: Listing Agent
  • High School: EXETER TOWNSHIP SENIOR
  • Middle Or Junior School: EXETER TOWNSHIP JUNIOR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 73200.00
  • Land Assessed Value: 25000.00
  • Land Use Code: 105A
  • Lot Features: Front Yard, Level, Rear Yard, Sideyard(s)
  • Lot Size Acres: 0.20
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8712.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Very Good
  • Year Assessed: 2022
  • Zoning: RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1504849
  • School Tax: 3409.00
  • Tax Annual Amount: 4511.00
  • Assessor Parcel Number: 43-5325-12-75-7301
  • Tax Lot: 7301
  • Tax Page Number: 2
  • Tax Total Finished Sq Ft: 2576
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 12/15/2022

MLS Schools

  • School District Name: EXETER TOWNSHIP

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2022
Closed on
Dec 15, 2022
Sold by
Murphy Robert
Bought by
Erbicella John Paul and Erbicella Kimberly
Seller's Agent
Daniel O'Brien
RE/MAX Of Reading
Buyer's Agent
Melinda Bastable
Keller Williams Realty Group
List Price
$264,900
Sold Price
$290,000
Premium/Discount to List
$25,100
9.48%
Views
23
Current Estimated Value
$340,998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,998
Avg. Annual Appreciation
4.88%
Original Mortgage
$192,000
Outstanding Balance
$186,843
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$141,230

Purchase Details

Closed on
Aug 15, 1979
Bought by
Murphy Robert E and Murphy Carol J
Source: Public Records

Range of Values:

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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
Erbicella John Paul $290,000 --
Murphy Robert E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Erbicella John Paul $192,000
Previous Owner Murphy Robert E $50,000
Previous Owner Murphy Robert E $61,805
Previous Owner Murphy Robert E $48,328
Previous Owner Murphy Robert E $30,127
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2022 12/15/22 Sold $290,000 0.0% $113 / Sq Ft
11/12/2022 11/12/22 Pending -- -- --
11/11/2022 11/11/22 Off Market $290,000 -- --
11/09/2022 11/09/22 For Sale $264,900 -- $103 / 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 $1,501 $98,200 $25,000 $73,200
2024 $4,664 $98,200 $25,000 $73,200
2023 $4,511 $98,200 $25,000 $73,200
2022 $4,461 $98,200 $25,000 $73,200
2021 $4,393 $98,200 $25,000 $73,200
2020 $4,344 $98,200 $25,000 $73,200
2019 $4,296 $98,200 $25,000 $73,200
2018 $4,283 $98,200 $25,000 $73,200
2017 $4,222 $98,200 $25,000 $73,200
2016 $1,031 $98,200 $25,000 $73,200
2015 $1,031 $98,200 $25,000 $73,200
2014 $994 $98,200 $25,000 $73,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK2023770

Bright MLS

APN: 43-5325-12-75-7301