1235 Spring Street

Closed 7/9/24

Last Sold Price

$265,000

2,612 sqft$101/sqft

1235 Spring St, Reading, PA 19604

Description

Excellent opportunity to own an investment property. Large 3 unit plus rented garage that is very close to 13th St. The interior has had a lot of recent refreshing with new paint and some new carpet. Two of the units are vacant so you can choose your own tenants. Basement apartment and garage are rented. Gas heat and gas hot water. Very reasonable taxes.Excellent opportunity to own an investment property. Large 3 unit plus rented garage that is very close to 13th St. The interior has had a lot of recent refreshing with new paint and some new carpet. Two of the units are vacant so you can choose your own tenants. Basement apartment and garage are rented. Gas heat and gas hot water. Very reasonable taxes.

LISTING CLOSED: 07/09/2024 12:00 AM

Listed by David M Mattes • RE/MAX Of Reading
P: (610) 670-2770 dmattes@goberkscounty.com

Property Details for 1235 Spring Street

Status

Closed

MLS #

PABK2042904

Days on Market

Taxes

$2,269 / year

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Multi-Family / Fee Simple

Year Built

1890

Lot Size

0.03 AC / 1,306 SF

County

Berks County

Tax ID Number

13-5317-46-15-9758

Ownership

Fee Simple

Structure Type

End of Row/Townhouse

Style

Traditional

Waterfront

Garage

Cross Street

Birch Street

Municipality

READING CITY

Central Air

Basement

Yes

Above Grade Finished SQFT

2,162.00

Above Grade Fin SQFT Source

Assessor

Below Grade Finished SQFT

450.00

Below Grade Fin SQFT Source

Estimated

Below Grade Unfinished SQFT

.00

Below Grade Unfin SQFT Source

Assessor

Total Below Grade SQFT

450.00

Total Below Grade SQFT Source

Estimated

New Construction

Property Condition

Average, Good

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Location

Listing Courtesy of RE/MAX Of Reading

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Building Information for 1235 Spring Street

Stories-Residences3Year Built1890Building Size-Lot Size0.03 AC / 1,306 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage¹

$1,536 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,347

Property Taxes

$189

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 1235 Spring Street

Location

School District Name: READING
School District County ID: 300200397169

SchoolDistrictSource: Listing Agent
High School: READING SENIOR (BERKS PA)
HighSchoolSource: Listing Agent
County: BERKS
MLS Area: Reading City (10201)

Waterfront / Water Access

Water View: No
Water Access: No

Water Oriented: No
Navigable Water: No
Tidal Water: No
Riparian Rights Y/N: No

Taxes and Assessment

Tax Year: 2023
Tax Assessed Value: $51,900

Year Assessed: 2023
County Tax: $397
Improvement Assessed Value: $38,100
City Town Tax: $941
Land Assessed Value: $13,800
Municipal Trash: Yes
Land Use Code: 138R
Zoning: 138 R
Tax Lot: 9758
School Tax: $931
School Tax Payment Frequency: Annually
Automatically Update Tax Values Y/N: Yes

Lease Information

Owner Pays: Heat, Gas, Insurance, Repairs, Sewer Maintenance, Snow Removal, Sewer, Taxes - Real Estate, Trash Collection, Water, Pest Control

Unit Information

Single Room Units Count: 0
One Bedroom Units Count: 1

Two Bedroom Units Count: 1
Three Bedroom Units Count: 1
Units Furnished: None
Units Leased Count: 1
Number Of Units Vacant: 2
Number Of Units Month To Month: 0
Rent Control: No

Financial Information

Expenses

Operating Expense: $5,871
Operating Expense Includes: Insurance, Trash

Insurance Expense: $867

Financial Information

Gross Income: $34,500
Gross Scheduled Income: $34,500

Net Operating Income: $5,871
Annual Rental Income: $34,500
Income Includes: Apartment Rentals, Other
Cap Rate: 11.00
Existing Lease Type: Yearly

Building Info

Building Units Total: 3
Total Finished SQFT: 2,612.00

Total Finished SQFT Source: Estimated
Tax Total Finished SQFT: 2,162.00
Total SQFT: 2,612.00
Total SQFT Source: Estimated
Construction Materials: Brick
Roof: Pitched, Rubber, Slate, Asphalt
Ext Main Mid-res: http://bright-media01.prd.brightmls.com/bright/images/0000/8030/5334/2804/803053342804_512_384_WM_lPe4lpuO3NztDei3.jpg
Wall and Ceiling Types: Dry Wall, Plaster Walls
Flooring Type: Carpet, Vinyl, Luxury Vinyl Plank, Wood
Basement Type: Fully Finished
Foundation Details: Stone

Lot / Land Information

Lot Size Source: Assessor
Location Type: Urban

Parcel ID: 1452887

Parking

Type Of Parking: On Street

Interior Features

Fireplace: No
Appliances: Oven/Range - Electric, Refrigerator

Accessibility Features: None

Exterior Features

Exterior Features: Sidewalks
Outdoor Living Structures: Porch(es), Deck(s)

Pool: No Pool
Other Structures: Above Grade, Below Grade

Utilities

Utilities: Cable TV Available
Heating: Yes

Cooling Type: Wall Unit
Cooling Fuel: Electric
Heating Type: Hot Water
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Water Source: Public
Sewer Septic: Public Sewer
Electric Service: 100 Amp Service, Fuses

Confidential Data

Listing Office

List Agent AOR: Reading-Berks Association of REALTORS

Property History for 1235 Spring Street

Date	Event & Source	Price	Appreciation
Jul 9, 2024	Closed BRIGHT #PABK2042904	$265,000	—
Jul 1, 2024	Closed (Public Record) Public Record #1536195337	$265,000	+12.0% / yr
May 19, 2024	Pending BRIGHT #PABK2042904		—
May 18, 2024	Temp Off Market BRIGHT #PABK2042904		—
May 8, 2024	Listed (Active) BRIGHT #PABK2042904	$269,900	—
Oct 12, 2009	Expired BRIGHT #1006452712	$85,000	—
Jun 24, 2009	Closed BRIGHT #1005206042	$48,000	—
Jun 23, 2009	Closed (Public Record) Public Record #272005090	$48,000	-11.9% / yr
May 22, 2009	Pending BRIGHT #1005206042		—
Apr 1, 2009	Listed (Active) BRIGHT #1005206042	$67,900	—
Oct 13, 2008	Listed (Active) BRIGHT #1006452712	$85,000	—
Mar 4, 2008	Withdrawn BRIGHT #PABK288960	$99,900	—
Sep 10, 2007	Listed (Active) BRIGHT #PABK288960	$99,900	—
Sep 7, 2007	Expired BRIGHT #PABK285534	$99,900	—
Sep 9, 2006	Withdrawn BRIGHT #PABK291344	$114,900	—
Sep 7, 2006	Listed (Active) BRIGHT #PABK285534	$114,900	—
Jun 5, 2006	Listed (Active) BRIGHT #PABK291344	$114,900	—
Jun 16, 2005	Closed (Public Record) Public Record #244101448	$80,030	+39.2% / yr
Jun 16, 2005	Closed BRIGHT #PABK147110	$80,030	—
Apr 27, 2005	Pending BRIGHT #PABK147110		—
Apr 14, 2005	Listed (Active) BRIGHT #PABK147110	$75,500	—
Aug 26, 2002	Closed BRIGHT #PABK159932	$31,500	—
Aug 21, 2002	Closed (Public Record) Public Record #576113188	$31,500	—
Aug 9, 2002	Pending BRIGHT #PABK159932		—
Jul 31, 2002	Listed (Active) BRIGHT #PABK159932	$29,900	—

Date	Event & Source	Price
07/09/2024	Closed BRIGHT #PABK2042904	$265,000
07/01/2024	Closed (Public Record) Public Record #1536195337	$265,000 +12.0% / yr
05/19/2024	Pending BRIGHT #PABK2042904	—
05/18/2024	Temp Off Market BRIGHT #PABK2042904	—
05/08/2024	Listed (Active) BRIGHT #PABK2042904	$269,900
10/12/2009	Expired BRIGHT #1006452712	$85,000
06/24/2009	Closed BRIGHT #1005206042	$48,000
06/23/2009	Closed (Public Record) Public Record #272005090	$48,000 -11.9% / yr
05/22/2009	Pending BRIGHT #1005206042	—
04/01/2009	Listed (Active) BRIGHT #1005206042	$67,900
10/13/2008	Listed (Active) BRIGHT #1006452712	$85,000
03/04/2008	Withdrawn BRIGHT #PABK288960	$99,900
09/10/2007	Listed (Active) BRIGHT #PABK288960	$99,900
09/07/2007	Expired BRIGHT #PABK285534	$99,900
09/09/2006	Withdrawn BRIGHT #PABK291344	$114,900
09/07/2006	Listed (Active) BRIGHT #PABK285534	$114,900
06/05/2006	Listed (Active) BRIGHT #PABK291344	$114,900
06/16/2005	Closed (Public Record) Public Record #244101448	$80,030 +39.2% / yr
06/16/2005	Closed BRIGHT #PABK147110	$80,030
04/27/2005	Pending BRIGHT #PABK147110	—
04/14/2005	Listed (Active) BRIGHT #PABK147110	$75,500
08/26/2002	Closed BRIGHT #PABK159932	$31,500
08/21/2002	Closed (Public Record) Public Record #576113188	$31,500
08/09/2002	Pending BRIGHT #PABK159932	—
07/31/2002	Listed (Active) BRIGHT #PABK159932	$29,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1235 Spring Street

Taxable ValueLand$13,800Additions$38,100Total$51,900

Tax Record2026$1,465 ($122 / month)

Home Facts

Baths3Total Finished SqFt2,162 SqFtAbove Grade Finished SqFt2,162 SqFtStories3Lot Size1,307 SqFtStyleMulti-Family Dwelling (2-4)Year Built1890CountyBERKSAPN13531746159758

Schools near 1235 Spring Street

This home is within Reading School District.


Rating	School	Type	Grades	Distance
2/10	Thirteenth & Union El School	Public - Serves this home	PK to 4	0.7 mi
3/10	Northeast Middle School	Public - Serves this home	5 to 8	0.2 mi
1/10	Reading Senior High School	Public - Serves this home	9 to 12	0.2 mi
NR	Chor Day Academy	Private - Nearby school	1 to 12	0.4 mi


Rating	School	Distance
2/10	Thirteenth & Union El School PublicPK to 4 Serves this home	0.7 mi
3/10	Northeast Middle School Public5 to 8 Serves this home	0.2 mi
1/10	Reading Senior High School Public9 to 12 Serves this home	0.2 mi
NR	Chor Day Academy Private1 to 12 Nearby school	0.4 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 1235 Spring Street, Reading, PA 19604	$265,000	–	–	2,612	1,306
1237 Spring Street, Reading, PA 19604	$90,000	5	2	1,566	1,307
1239 Spring Street, Reading, PA 19604	$117,000	5	1	1,566	1,307
1241 Spring Street, Reading, PA 19604	$72,000	5	1	1,647	1,307
1233 Spring Street, Reading, PA 19604	$55,000	–	–	1,558	1,307
1243 Spring Street, Reading, PA 19604	$55,000	5	1	1,590	1,307
1245 Spring Street, Reading, PA 19604	$25,000	5	1	1,470	1,307
1009 Birch Street, Reading, PA 19604	$25,000	3	1	1,304	1,742
1231 Spring Street, Reading, PA 19604	$32,500	4	1	1,198	1,307
1247 Spring Street, Reading, PA 19604	$49,999	5	1	1,530	1,307
1010 Birch Street, Reading, PA 19604	$24,000	2	1	836	871
1011 Birch Street, Reading, PA 19604	$58,577	3	1	1,044	1,307
1249 Spring Street, Reading, PA 19604	$29,900	5	1	1,470	1,307
1227 Spring Street, Reading, PA 19604	$71,000	5	1	1,364	1,307
1012 Birch Street, Reading, PA 19604	$115,000	2	1	922	1,306
1015 Birch Street, Reading, PA 19604	$26,000	3	1	1,044	1,307

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Listing Courtesy of RE/MAX Of Reading

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

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