NOT LISTED FOR SALE

840 Lancaster Ave Reading, PA 19607

Estimated Value: $216,016

-- Bed
-- Bath
4,079 Sq Ft
$53/Sq Ft Est. Value

Last Sold September 13, 2016

Last sale price $110,000 $27 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $1,288/month

32 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • Tile or Brick Flooring
  • Baseboard Heating

About This Home

As of September 2016

Versatile (3) unit multi-use property with good exposure, zoned Residential with City of Reading. The front building has 2 units. The main level is 1 or 2BR and 1 BA. The upper level is 3BR and 1BA. Laundry hookups are in the basement to share. The rear unit is large with 2.5BA, laundry room, and areas for potentially 4 sleeping rooms. Each of the 3 units operates with it's own gas-fired heater. Safety inspection complete with City of Reading.

Last Agent to Sell the Property

Frank Sabatucci

(610) 858-4065 fsabatucci@goberkscounty.com RE/MAX Of Reading License #AB-062125-L Listed on: 04/22/2016

RE/MAX Of Reading

Last Buyer's Agent

Johanna Fletcher

(484) 334-3698 jofletcherrealtor@gmail.com Weichert Realtors Neighborhood One

Weichert Realtors Neighborhood One

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936

Lot Details

  • 5,227 Sq Ft Lot
  • Property is in below average condition

Parking

  • On-Street Parking

Home Design

  • 4,079 Sq Ft Home
  • Brick Exterior Construction
  • Brick Foundation
  • Slab Foundation
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Flooring

  • Wall to Wall Carpet
  • Tile or Brick
  • Vinyl

Laundry

  • Washer and Dryer Hookup

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Laundry Facilities
  • Operating Expense $2,824

Listing and Financial Details

  • Tax Lot 4767
  • Assessor Parcel Number 18-5306-64-42-4767

Property Details

Home Type

Multi-Family

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Storage: Basement
  • Year Built: 1936
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl, Tile/Brick
  • Fireplace: No
  • Foundation Details: Brick/Mortar, Slab
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Laundry Type: Common, Hookup
  • Total Sq Ft: 4079
  • Living Area Sq Ft: 4079
  • Price Per Sq Ft: 31.85
  • Above Grade Finished Sq Ft: 4079
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding, Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water, Forced Air, Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 18200.00
  • Land Assessed Value: 48300.00
  • Lot Size Acres: 0.12
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5227.00
  • Property Condition: Below Average
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1465760
  • Tax Annual Amount: 2859.00
  • Assessor Parcel Number: 18-5306-64-42-4767
  • Tax Lot: 4767
  • Tax Year: 2016

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2016
Sold by
Fmg Realty Inc
Bought by
Hodge Morales Frankie
Current Estimated Value
$216,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2008
Sold by
Ib Property Holdings Llc
Bought by
Lawani Marvellous S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,500
Interest Rate
7.75%
Mortgage Type
Construction

Purchase Details

Closed on
May 21, 2004
Sold by
Egan Dale and Egan Sherrie
Bought by
840 Lancaster Avenue Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
5.94%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 14, 2003
Sold by
Us Marshals Service
Bought by
Egan Dale and Egan Sherrie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Hodge Morales Frankie $110,000 Edge Abstract
Lawani Marvellous S $70,000 None Available
840 Lancaster Avenue Inc $65,000 --
Egan Dale $56,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hodge Morales Frankie $110,000
Previous Owner Lawani Marvellous S $118,500
Previous Owner 840 Lancaster Avenue Inc $63,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2016 09/13/16 Sold $110,000 -15.3% $27 / Sq Ft
05/24/2016 05/24/16 Pending -- -- --
04/22/2016 04/22/16 For Sale $129,900 -- $32 / 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 $1,805 $66,500 $48,300 $18,200
2024 $2,953 $66,500 $48,300 $18,200
2023 $2,907 $66,500 $48,300 $18,200
2022 $2,907 $66,500 $48,300 $18,200
2021 $2,907 $66,500 $48,300 $18,200
2020 $2,878 $66,500 $48,300 $18,200
2019 $2,878 $66,500 $48,300 $18,200
2018 $2,878 $66,500 $48,300 $18,200
2017 $2,859 $66,500 $48,300 $18,200
2016 $1,633 $66,500 $48,300 $18,200
2015 $1,633 $66,500 $48,300 $18,200
2014 $1,503 $66,500 $48,300 $18,200
Source: Public Records

Agents Affiliated with this Home

  • Frank Sabatucci

    Seller's Agent in 2016

    Frank Sabatucci

    RE/MAX of Reading

    (610) 858-4065

    1 in this area

    46 Total Sales

    Frank Sabatucci
    Section Image

  • J

    Buyer's Agent in 2016

    Johanna Fletcher

    Weichert Corporate

    Section Image
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Map

Source: Bright MLS

MLS Number: 1003893489

Bright MLS

APN: 18-5306-64-42-4767

Pennsylvania Berks County Reading 19607

840 Lancaster Ave, Reading, PA

Not Listed for Sale

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