1500 Mineral Spring Rd

5
Baths
3,650 Sq. Ft.
$105 / Sq. Ft.
3,650
Sq. Ft.
$105
per Sq. Ft.

Description

Nestled on a corner lot, this captivating 4-unit property exudes timeless charm. Original woodwork graces the interiors, creating an inviting atmosphere. The building boasts an array of amenities, including a spacious 6-car parking lot—a rare find in the neighborhood. Step into the front and back yards, where a tranquil fountain adds a touch of elegance. Each unit is thoughtfully equipped with its own washer and dryer, ensuring convenience for residents. Heating options include electric baseboards...Nestled on a corner lot, this captivating 4-unit property exudes timeless charm. Original woodwork graces the interiors, creating an inviting atmosphere. The building boasts an array of amenities, including a spacious 6-car parking lot—a rare find in the neighborhood. Step into the front and back yards, where a tranquil fountain adds a touch of elegance. Each unit is thoughtfully equipped with its own washer and dryer, ensuring convenience for residents. Heating options include electric baseboards and oil heat, while window unit air conditioning keeps summers comfortable. The curb appeal is simply stunning, making this property a standout in the market. Don’t miss the opportunity to own this gem—schedule a viewing today!
  1. Listed by Jason Jason Miller • Coldwell Banker Realty
    P: (484)-721-7218 jason.miller@cbhomes.com

Property Details for 1500 Mineral Spring Road

Tax ID Number
16-5316-06-38-1756
Ownership
Fee Simple
Structure Type
Detached
Style
Colonial, Traditional
Waterfront
No
Views
City, Mountain
Garage
No
Municipality
READING CITY
LISTING CLOSED: 08/08/2024 12:00 AM

Property Details for 1500 Mineral Spring Road

StatusClosed
MLS #PABK2045792
Days on Market2
Taxes$5,799 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1910
Lot Size0.31 AC / 13,503 SF
CountyBerks County

Location

Listing Courtesy of Coldwell Banker Realty

Sold By VRA Realty

Add your commute

Building Information for 1500 Mineral Spring Road

Stories-Residences4Year Built1910Building Size-Lot Size0.31 AC / 13,503 SF

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$2,440 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,957

Property Taxes

$483

HOA Dues

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Property Information for 1500 Mineral Spring Road

Location
Location
  • School District Name: READING
  • School District County ID: 300200397169
  • SchoolDistrictSource: Listing Agent
  • County: BERKS
  • MLS Area: Reading City (10201)
Waterfront / Water Access
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
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $130,600
  • Year Assessed: 2024
  • County Tax: $1,090
  • Improvement Assessed Value: $92,600
  • City Town Tax: $2,368
  • Land Assessed Value: $38,000
  • Clean Green Assessed: No
  • Land Use Code: 136
  • Zoning: R3
  • Tax Lot: 1756
  • School Tax: $2,342
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Water, Taxes - Real Estate, Common Area Maintenance, Heat
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 3
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Units Leased Count: 4
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 0
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Beds Total: 1
  • Full Baths Count: 1
  • Total Rooms: 3
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Beds Total: 2
  • Full Baths Count: 2
  • Total Rooms: 8
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Level: 3
  • Beds Total: 2
  • Full Baths Count: 1
  • Total Rooms: 4
Unit 4
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Level: 4
  • Beds Total: 2
  • Full Baths Count: 1
  • Total Rooms: 5
Financial Information
Expenses
  • Operating Expense: $7,000
  • Operating Expense Includes: Insurance
  • Insurance Expense: $2,000
  • Maintenance Expense: $500
Financial Information
  • Gross Income: $51,000
  • Net Operating Income: $35,300
  • Annual Rental Income: $51,000
  • Income Includes: Apartment Rentals
  • Cap Rate: 8.10
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 3,650.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Lot Features: Rear Yard, Front Yard
  • Location Type: Corner Lot/Unit
  • Parcel ID: 1458299
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Attached Carport, Driveway, Parking Lot
  • Driveway - # of Spaces: 2
  • Attached Carport - # of Spaces: 3.0
  • Parking Lot - # of Spaces: 6
  • Parking Features: Concrete Driveway
Interior Features
Interior Features
  • Fireplace: Yes
  • Fireplaces Count: 1
  • Accessibility Features: Other
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Electric Available, Water Available
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Electric, Baseboard - Hot Water
  • Heating Fuel: Oil
  • Hot Water: Oil
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 200+ Amp Service
Confidential Data
Listing Office
  • List Agent AOR: Reading-Berks Association of REALTORS

Property History for 1500 Mineral Spring Road

DateEvent & SourcePriceAppreciation
Aug 17, 2024

Closed (Public Record)

Public Record #1539524943

$385,000

+8.0% / yr

Aug 8, 2024

Closed

BRIGHT #PABK2045792

$385,000
Jul 19, 2024

Pending

BRIGHT #PABK2045792

DateEvent & SourcePrice
08/17/2024

Closed (Public Record)

Public Record #1539524943

$385,000

+8.0% / yr

08/08/2024

Closed

BRIGHT #PABK2045792

$385,000
07/19/2024

Pending

BRIGHT #PABK2045792

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

Public Records for 1500 Mineral Spring Road

Taxable ValueLand$38,000Additions$92,600Total$130,600
Tax Record2026$3,687 ($307 / month)
Home Facts
Baths3Total Finished SqFt3,650 SqFtAbove Grade Finished SqFt3,650 SqFtStories2Lot Size13,504 SqFtStyleMulti-Family Dwelling (2-4)Year Built1910CountyBERKSAPN16531606381756Fireplace TypeHas Fireplace

Schools near 1500 Mineral Spring Road

This home is within Reading School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Private - 1 to 12
Rating
School
Distance
Sixteenth & Haak El School
PublicPK to 4

Central Middle School
Public5 to 8

Reading Senior High School
Public9 to 12

New Story
Private1 to 12

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

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.