NOT LISTED FOR SALE

918 Lancaster Ave Reading, PA 19607

Estimated Value: $192,931

-- Bed
-- Bath
-- Sq Ft
6,970 Sq Ft Lot

Last Sold July 06, 2020

Last sale price $125,000

Est. 54% increase in value since last sale

Current estimated payment $1,222/month

55 Days on Market

Highlights

  • No HOA
  • More Than Two Accessible Exits
  • Electric Baseboard Heater
  • 2 Car Detached Garage

About This Home

As of July 2020

Check out this beautiful duplex on Lancaster Ave. This property is Zoned "Commercial Highway District" with Street & Off-street Parking! Building is larger than it appears - it even has a walk-up attic, full basement, & garage. Tenants pay their own Heat {electric each room has own thermostat. This duplex offers an amazing opportunity to house hack or even buy as a safe investment in a great location! Unit one : Rent 680, lease - 06/01/17- 05/31/2020Unit Two: Rent 775, lease 11/12/18-11/30/2020Contact the listing agent for more details! 484-784-8113.

Last Agent to Sell the Property

Nehemiah Lindo

Realty One Group Alliance License #RS344732 Listed on: 02/08/2020

Realty One Group Alliance

Last Buyer's Agent

Nehemiah Lindo

Realty One Group Alliance License #RS344732 Listed on: 02/08/2020

Realty One Group Alliance

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 6,970

Parking

  • 2 Car Detached Garage
  • Rear-Facing Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Bi-Level Home
  • Flat Roof Shape
  • Brick Exterior Construction
  • Pitched Roof
  • Aluminum Siding
  • Vinyl Siding

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • More Than Two Accessible Exits
  • 6,970 Sq Ft Lot

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • The owner pays for water, sewer, trash collection
  • Tax Lot 1672
  • Assessor Parcel Number 18-5306-64-42-1672

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Bi-Level
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Remarks Public: Check out this beautiful duplex on Lancaster Ave. This property is Zoned "Commercial Highway District" with Street & Off-street Parking! Building is larger than it appears - it even has a walk-up attic, full basement, & garage. Tenants pay their own Heat {electric each room has own thermostat. This duplex offers an amazing opportunity to house hack or even buy as a safe investment in a great location! Unit one : Rent 680, lease - 06/01/17- 05/31/2020Unit Two: Rent 775, lease 11/12/18-11/30/2020Contact the listing agent for more details! 484-784-8113.
  • Special Features: None

Interior Features

  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 918

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding, Brick, Vinyl Siding
  • Roof: Flat, Pitched
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage, Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 19900.00
  • Land Assessed Value: 58900.00
  • Land Use Code: 4119
  • Lot Size Acres: 0.16
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6970.00
  • Year Assessed: 2020
  • Zoning: C-H

Rental Info

  • Owner Pays: Water, Sewer, Trash Collection
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1465748
  • School Tax: 1413.00
  • Tax Annual Amount: 3410.00
  • Assessor Parcel Number: 18-5306-64-42-1672
  • Tax Lot: 1672
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 07/06/2020

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2020
Closed on
Jul 6, 2020
Sold by
White Daniel T
Bought by
Riyan Properties Llc
Seller's Agent
Nehemiah Lindo
Realty One Group Alliance
Buyer's Agent
Nehemiah Lindo
Realty One Group Alliance
List Price
$160,000
Sold Price
$125,000
Premium/Discount to List
-$35,000
-21.88%
Current Estimated Value
$192,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,931
Avg. Annual Appreciation
8.76%
Original Mortgage
$100,000
Outstanding Balance
$89,227
Interest Rate
3.2%
Mortgage Type
Stand Alone Second
Estimated Equity
$103,704

Purchase Details

Closed on
Oct 30, 2015
Sold by
Anthony Peter J and Anthony Sandra M
Bought by
White Daniel T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,320
Interest Rate
3.92%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 29, 2001
Sold by
Peter Anthony Inc
Bought by
Anthony Peter J and Anthony Sandra M
Source: Public Records

Range of Values:

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Average Value
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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
Riyan Properties Llc $125,000 Stewart Abstract
White Daniel T $120,320 None Available
Anthony Peter J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riyan Properties Llc $100,000
Previous Owner White Daniel T $91,000
Previous Owner White Daniel T $11,320
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2020 07/06/20 Sold $125,000 0.0% --
07/06/2020 07/06/20 Price Changed $125,000 0.0% --
04/03/2020 04/03/20 Pending -- -- --
03/31/2020 03/31/20 Off Market $125,000 -- --
03/10/2020 03/10/20 Price Changed $145,000 -9.4% --
02/08/2020 02/08/20 For Sale $160,000 +18.7% --
05/29/2015 05/29/15 Sold $134,850 +3.9% --
03/24/2015 03/24/15 Pending -- -- --
07/08/2014 07/08/14 For Sale $129,850 -- --
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 $2,139 $78,800 $58,900 $19,900
2024 $3,499 $78,800 $58,900 $19,900
2023 $3,445 $78,800 $58,900 $19,900
2022 $3,445 $78,800 $58,900 $19,900
2021 $3,445 $78,800 $58,900 $19,900
2020 $3,410 $78,800 $58,900 $19,900
2019 $3,410 $78,800 $58,900 $19,900
2018 $3,410 $78,800 $58,900 $19,900
2017 $3,388 $78,800 $58,900 $19,900
2016 $1,935 $78,800 $58,900 $19,900
2015 $1,935 $78,800 $58,900 $19,900
2014 $1,781 $78,800 $58,900 $19,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK354040

Bright MLS

APN: 18-5306-64-42-1672