NOT LISTED FOR SALE

903 Morgantown Rd Reading, PA 19607

Cumru Neighborhood

Estimated Value: $238,000

-- Bed
-- Bath
-- Sq Ft
0.85 Acres

Last Sold March 26, 2015

Last sale price $150,000

Est. 59% increase in value since last sale

Current estimated payment $1,755/month

266 Days on Market

Highlights

  • 0.85 Acre Lot
  • 4 Car Detached Garage
  • Central Air
  • No HOA
  • En-Suite Primary Bedroom
  • Wood Siding

About This Home

As of March 2015

**All expenses are estimated** based on information from previous owner.

Last Agent to Sell the Property

Rick Heffner

RE/MAX Of Reading License #RS209882L Listed on: 06/26/2014

RE/MAX Of Reading

Last Buyer's Agent

Rick Heffner

RE/MAX Of Reading License #RS209882L Listed on: 06/26/2014

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.85 Acre Lot
  • Property is in good condition

Parking

  • 4 Car Detached Garage

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Wood Siding
  • Shingle Siding

Utilities

  • Central Air
  • Heating System Uses Gas
  • Electric Water Heater

Additional Features

  • En-Suite Primary Bedroom
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Tax Lot 4274
  • Assessor Parcel Number 39-5306-20-80-4274

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $4,525
  • Insurance Expense $4,000
  • Other Expense $3,994
  • Operating Expense $31,424

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Parking

4

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 3994.00
  • Year Built: 1900
  • Remarks Public: **All expenses are estimated** based on information from previous owner.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Has Laundry
  • Street Number Modifier: 903

Exterior Features

  • Construction Materials: Wood Siding, Brick, Shingle Siding
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Parking Features: Private
  • Number Of Detached Garage Spaces: 4
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Detached Garage

Utilities

  • Annual Heating Expense: 2651.00
  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Electric Expense: 4525.00
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 5300.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: GOVERNOR MIFFLIN
  • School District Key: 300200397317

Lot Info

  • Improvement Assessed Value: 230900.00
  • Land Assessed Value: 49600.00
  • Land Use Code: 4281
  • Lot Size Acres: 0.85
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 37026.00
  • Property Condition: Good
  • Zoning: COMM

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 82140.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7,Unit 9
  • Single Room Units Count: 2

Tax Info

  • Assessor Parcel Number: 1498493
  • Tax Annual Amount: 11094.00
  • Assessor Parcel Number: 39-5306-20-80-4274
  • Tax Lot: 4274
  • Tax Year: 2015
  • Close Date: 03/26/2015

MLS Schools

  • School District Name: GOVERNOR MIFFLIN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2017
Sold by
Cng Leasing Llc
Bought by
Jr Holdings Llc
Total Days on Market
266
Current Estimated Value
$238,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 26, 2014
Closed on
Mar 25, 2015
Sold by
Devon Service Llc
Bought by
Cng Leasing Llc
Seller's Agent
Rick Heffner
RE/MAX Of Reading
Buyer's Agent
Rick Heffner
RE/MAX Of Reading
List Price
$340,000
Sold Price
$150,000
Premium/Discount to List
-$190,000
-55.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.63%

Purchase Details

Closed on
Mar 30, 2009
Sold by
Wimmer S Deborah and Wimmer Manfred H
Bought by
Wimmer Susan Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$551,635
Interest Rate
4.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2004
Sold by
Wimmer Manfred H and Wimmer Susan Deborah
Bought by
Wimmer Manfred H and Wimmer Deborah S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.39%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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
Jr Holdings Llc $100,000 None Available
Cng Leasing Llc $150,000 None Available
Wimmer Susan Deborah -- None Available
Wimmer Manfred H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jr Holdings Llc $350,000
Closed Jr Holdings Llc $320,000
Previous Owner Cng Leasing Llc $120,000
Previous Owner Wimmer Susan Deborah $551,635
Previous Owner Wimmer Manfred H $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2015 03/26/15 Sold $150,000 -55.9% --
03/19/2015 03/19/15 Pending -- -- --
06/26/2014 06/26/14 For Sale $340,000 -- --
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 $5,092 $285,300 $49,600 $235,700
2024 $13,127 $285,300 $49,600 $235,700
2023 $12,759 $285,300 $49,600 $235,700
2022 $12,440 $285,300 $49,600 $235,700
2021 $11,988 $280,500 $49,600 $230,900
2020 $11,988 $280,500 $49,600 $230,900
2019 $11,842 $280,500 $49,600 $230,900
2018 $11,629 $280,500 $49,600 $230,900
2017 $11,403 $280,500 $49,600 $230,900
2016 $3,725 $280,500 $49,600 $230,900
2015 $3,725 $280,500 $49,600 $230,900
2014 -- $280,500 $49,600 $230,900
Source: Public Records

Agents Affiliated with this Home

  • Rick Heffner

    Seller's Agent in 2015

    Rick Heffner

    RE/MAX of Reading

    (610) 929-4926

    69 Total Sales

    Rick Heffner
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002985636

Bright MLS

APN: 39-5306-20-80-4274

Pennsylvania Berks County Reading 19607 Cumru

903 Morgantown Rd, Reading, PA

This home is located at 903 Morgantown Rd, Reading, PA 19607 since 26 June 2014 and is currently estimated at $238,000. This property was built in 1900. 903 Morgantown Rd is a home located in Berks County with nearby schools including Governor Mifflin Intermediate School, Mifflin Park Elementary School, and Governor Mifflin Middle School.

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