Seller's Agent in 2019
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
197 Total Sales
929 N 3rd St Reading, PA 19601
Reading Area
Studio
3
Baths
2,272
Sq Ft
2,178
Sq Ft Lot
Highlights
- No HOA
- Multi-Tank Electric Water Heater
- 4-minute walk to Centre Park
- Electric Baseboard Heater
About This Home
As of June 2019Very large semi-detached 3 unit in overall good condition and located in a prime Centre Park Historic District location behind St Margaret's Church with tenant paid heat. Unit 1 - 1st floor has 5 rooms, 3 BRS, gas radiant heaters, electric cooking & hot water, hardwood floors, projected rent $775/month. Currently vacant. Unit 2 - 2nd & 3rd floor front has 4 rooms, 2 BRS, electric cooking, hot water and electric baseboard heat, rented for $750/month by a 3 year tenant on a M/M basis. Unit 3 - 2nd floor rear is an efficiency unit, electric baseboard heat, hot water and cooking, rented for $500/month b a 1.5 year tenant. 3 Weil McLain gas boilers in basement are not being used. 200 AMP electric with 4 100 AMP breaker panels. Groos income: $24,300. Total Expenses: $5,655. Water/Sewer: 2265. Trash: $646. Electric: $242. Insurance: $472. Taxes: $1,930. Permits: $100. Net Operating Income: $18,645. Cap Rate: 13%. Solid income producing building in a prime location that is a must for your investment portfolio! Being Sold AS IS!
Last Agent to Sell the Property
(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 04/25/2019
Last Buyer's Agent
(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 04/25/2019
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,930
Year Built
- Built in 1910
Lot Details
- 2,178 Sq Ft Lot
- Property is in good condition
Parking
- On-Street Parking
Home Design
- Triplex
- Converted Dwelling
- Brick Exterior Construction
- Stone Foundation
Interior Spaces
- 2,272 Sq Ft Home
- Basement Fills Entire Space Under The House
- Electric Oven or Range
Outdoor Features
- Exterior Lighting
Utilities
- Heating System Uses Natural Gas
- Radiant Heating System
- Electric Baseboard Heater
- 200+ Amp Service
- Multi-Tank Electric Water Heater
- Municipal Trash
- Phone Available
- Cable TV Available
Listing and Financial Details
- The owner pays for common area maintenance, insurance, sewer, sewer maintenance, real estate taxes, trash collection, water
- Tax Lot 8551
- Assessor Parcel Number 14-5307-50-65-8551
Community Details
Overview
- No Home Owners Association
- 3 Units
- 3-Story Building
- Centre Park Histor Subdivision
Building Details
- 1 Vacant Unit
- Income includes apartment rentals
- Insurance Expense $472
- Other Expense $4,437
- Trash Expense $646
- Operating Expense $5,655
- Net Operating Income $18,645
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 25, 2019
Closed on
Jun 7, 2019
Sold by
Ikre Holdings Inc
Bought by
Seller's Agent
Jose Candelaria
RE/MAX Of Reading
Buyer's Agent
Jose Candelaria
RE/MAX Of Reading
List Price
$140,000
Sold Price
$130,000
Premium/Discount to List
-$10,000
-7.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Outstanding Balance
$83,722
Interest Rate
4%
Mortgage Type
New Conventional
Purchase Details
Listed on
Dec 29, 2015
Closed on
Jan 28, 2016
Sold by
The Bank Of New York Mellon
Bought by
Ikre Holdings Inc
Seller's Agent
Glen Russell
EXP Realty, LLC
Buyer's Agent
Karl Becker
Coldwell Banker Realty
List Price
$24,500
Sold Price
$38,100
Premium/Discount to List
$13,600
55.51%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.78%
Purchase Details
Listed on
Dec 29, 2015
Closed on
Jan 22, 2016
Sold by
Irizarry Juan Javier and Irizarry Maria
Bought by
The Bank Of New York Mellon
Seller's Agent
Glen Russell
EXP Realty, LLC
Buyer's Agent
Karl Becker
Coldwell Banker Realty
List Price
$24,500
Sold Price
$38,100
Premium/Discount to List
$13,600
55.51%
Purchase Details
Closed on
Jul 29, 2002
Sold by
Binasiewicz Gary A and Binasiewicz Susan D
Bought by
Irizarry Juan Javier and Irizarry Maria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,378
Interest Rate
6.61%
Mortgage Type
FHA
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $130,000 | Signature Abstract | ||
| Ikre Holdings Inc | $38,100 | None Available | |
| The Bank Of New York Mellon | $2,200 | None Available | |
| Irizarry Juan Javier | $77,000 | First American Title Ins Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $97,500 | ||
| Previous Owner | Irizarry Juan Javier | $76,378 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/21/2019 06/21/19 | Sold | $130,000 | -7.1% | $57 / Sq Ft | |
| 04/29/2019 04/29/19 | Pending | -- | -- | -- | |
| 04/25/2019 04/25/19 | For Sale | $140,000 | +267.5% | $62 / Sq Ft | |
| 02/05/2016 02/05/16 | Sold | $38,100 | +55.5% | $17 / Sq Ft | View Prior Sale |
| 01/13/2016 01/13/16 | Pending | -- | -- | -- | |
| 12/29/2015 12/29/15 | For Sale | $24,500 | -- | $11 / Sq Ft |
Source: Bright MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $1,259 | $44,600 | $8,800 | $35,800 |
| 2025 | $1,211 | $44,600 | $8,800 | $35,800 |
| 2024 | $1,980 | $44,600 | $8,800 | $35,800 |
| 2023 | $1,950 | $44,600 | $8,800 | $35,800 |
| 2022 | $1,950 | $44,600 | $8,800 | $35,800 |
| 2021 | $1,950 | $44,600 | $8,800 | $35,800 |
| 2020 | $1,930 | $44,600 | $8,800 | $35,800 |
| 2019 | $1,930 | $44,600 | $8,800 | $35,800 |
| 2018 | $1,930 | $44,600 | $8,800 | $35,800 |
| 2017 | $1,917 | $44,600 | $8,800 | $35,800 |
| 2016 | $1,417 | $57,700 | $10,200 | $47,500 |
| 2015 | $1,417 | $57,700 | $10,200 | $47,500 |
| 2014 | $1,304 | $57,700 | $10,200 | $47,500 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Candelaria
-
Glen Russell
Seller's Agent in 2016
Glen Russell
EXP Realty, LLC
(610) 850-9493
100 Total Sales
-
Karl Becker
Buyer's Agent in 2016
Karl Becker
Coldwell Banker Realty
(484) 256-5882
79 Total Sales
Map
Source: Bright MLS
MLS Number: PABK340206
APN: 5307-50-65-8551
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