1500 Mineral Spring Road

Closed 8/8/24

unit 2 bedroom with window pained bathroom

Sold

Last Sold Price

$385,000

7 beds5 baths3,650 sqft

1500 Mineral Spring Rd, Reading, PA 19602

Multi FamilyProperty Type

0.31 acresLot Size

1910Year Built

$105/sq ftPrice per sq ft

11 carsParking Spaces

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!

Listed by: Jason Jason Miller 484.721.7218 jason.miller@cbhomes.com • Coldwell Banker Realty

Listing closed: 08/08/2024 12:00 AM • Source: BRIGHT, MLS#: PABK2045792

Recent comparable sales

Median sold price

$325,000

Avg days on market

Sale-to-list ratio

98.7%

a front view of a building with brick walls

1/2

$525,000

Sold 08/24/26

7
Bedrooms: 5
Bathrooms: Unavailable
Square Feet: 0.07
Acres

117 South 6th Street, Reading, PA 19602

1/43

$300,000

Sold 12/18/24

7
Bedrooms: 4
Bathrooms: 6,100
Square Feet: 0.05
Acres

248 North 9th Street, Reading, PA 19601

1/53

$535,000

Sold 11/05/24

6
Bedrooms: 5
Bathrooms: Unavailable
Square Feet: 0.16
Acres

800 North 5th Street, Reading, PA 19601

1/43

$355,000

Sold 08/14/26

7
Bedrooms: 2
Bathrooms: 3,320
Square Feet: 0.27
Acres

502 Friedensburg Road, Reading, PA 19606

$405,000

Sold 07/25/25

Unavailable
Bedrooms: 6
Bathrooms: 2,351
Square Feet: 0.05
Acres

1002 North 11th Street, Reading, PA 19604

1/37

$294,500

Sold 03/10/25

7
Bedrooms: 2
Bathrooms: 2,170
Square Feet: 0.04
Acres

21 South 10th Street, Reading, PA 19602

1/7

$300,000

Sold 11/18/24

6
Bedrooms: Unavailable
Bathrooms: 3,406
Square Feet: 0.06
Acres

527 Greenwich Street, Reading, PA 19601

1/31

$325,000

Sold 12/09/24

6
Bedrooms: 5
Bathrooms: 4,183
Square Feet: 0.42
Acres

920 Centre Avenue, Reading, PA 19601

1/38

$306,000

Sold 03/13/26

6
Bedrooms: 3
Bathrooms: 3,000
Square Feet: 0.02
Acres

532 Washington Street, Reading, PA 19601

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Location

Listing Courtesy of Coldwell Banker Realty

Sold By VRA Realty

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Principal and Interest

$1,989

Property Taxes

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Property Information for 1500 Mineral Spring Road

Property Details

Taxes: $5,799 / year
MLS Type: Multi-Family / Fee Simple
County: Berks County
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
Total Parking Spaces: 11
Central Air: No
Basement: No
Room Count: 19
Above Grade Finished SQFT: 3,650.00
Above Grade Fin SQFT Source: Assessor
Below Grade Finished SQFT: .00
Below Grade Fin SQFT Source: Assessor
Below Grade Unfinished SQFT: .00
Below Grade Unfin SQFT Source: Assessor
Total Below Grade SQFT: .00
Total Below Grade SQFT Source: Assessor
New Construction: No
Property Condition: Good

Building Information

Residences: 4
Year Built: 1910
Lot Size: 0.31 AC / 13,503 SF

Location

School District Name: READING
School District County ID: 300200397169

SchoolDistrictSource: 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: $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

Owner Pays: Water, Taxes - Real Estate, Common Area Maintenance, Heat

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 Units Total: 4
Total Finished SQFT: 3,650.00

Total Finished SQFT Source: Assessor
Tax Total Finished SQFT: 3,650.00
Total SQFT: 3,650.00
Total SQFT Source: Assessor
Construction Materials: Stucco, Brick
Ext Main Mid-res: http://bright-media01.prd.brightmls.com/bright/images/0000/8032/2042/1034/803220421034_512_384_WM_IeC7kDJW6nSwfeFa.jpg
Foundation Details: Stone

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

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

Fireplace: Yes
Fireplaces Count: 1

Accessibility Features: Other

Exterior Features

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

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

Date	Event & Source	Price	Appreciation
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		—
Jul 16, 2024	Temp Off Market BRIGHT #PABK2045792		—
Jul 15, 2024	Listed (Active) BRIGHT #PABK2045792	$435,000	—
Jan 13, 2017	Closed (Public Record) Public Record #588542309	$215,000	-3.3% / yr
Jan 13, 2017	Closed BRIGHT #1003329075	$215,000	—
Dec 13, 2016	Pending BRIGHT #1003329075		—
Jun 28, 2016	Listed (Active) BRIGHT #1003329075	$239,900	—
Mar 12, 2016	Withdrawn BRIGHT #1007914438	$253,000	—
Mar 12, 2016	Withdrawn BRIGHT #1007823982	$253,000	—
Apr 21, 2015	Listed (Active) BRIGHT #1007914438	$257,000	—
Apr 21, 2015	Listed (Active) BRIGHT #1007823982	$260,000	—
Feb 2, 2009	Withdrawn BRIGHT #1008629724	$299,500	—
Oct 18, 2008	Listed (Active) BRIGHT #1008629724	$325,000	—
May 30, 2008	Withdrawn BRIGHT #1008435492	$340,000	—
May 30, 2008	Withdrawn BRIGHT #1008439718	$340,000	—
Mar 20, 2008	Listed (Active) BRIGHT #1008435492	$340,000	—
Mar 20, 2008	Withdrawn BRIGHT #PABK286950	$365,000	—
Mar 20, 2008	Withdrawn BRIGHT #PABK283576	$365,000	—
Mar 20, 2008	Listed (Active) BRIGHT #1008439718	$340,000	—
Nov 14, 2006	Listed (Active) BRIGHT #PABK286950	$425,000	—
Nov 14, 2006	Listed (Active) BRIGHT #PABK283576	$425,000	—
Aug 26, 2004	Closed (Public Record) Public Record #244073823	$325,000	+10.5% / yr
Jan 30, 2001	Closed BRIGHT #PABK185996	$225,000	—
Dec 28, 2000	Pending BRIGHT #PABK185996		—
Dec 22, 2000	Closed (Public Record) Public Record #576032276	$225,000	—
Oct 23, 2000	Listed (Active) BRIGHT #PABK185996	$239,900	—

Date	Event & Source	Price
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	—
07/16/2024	Temp Off Market BRIGHT #PABK2045792	—
07/15/2024	Listed (Active) BRIGHT #PABK2045792	$435,000
01/13/2017	Closed (Public Record) Public Record #588542309	$215,000 -3.3% / yr
01/13/2017	Closed BRIGHT #1003329075	$215,000
12/13/2016	Pending BRIGHT #1003329075	—
06/28/2016	Listed (Active) BRIGHT #1003329075	$239,900
03/12/2016	Withdrawn BRIGHT #1007914438	$253,000
03/12/2016	Withdrawn BRIGHT #1007823982	$253,000
04/21/2015	Listed (Active) BRIGHT #1007914438	$257,000
04/21/2015	Listed (Active) BRIGHT #1007823982	$260,000
02/02/2009	Withdrawn BRIGHT #1008629724	$299,500
10/18/2008	Listed (Active) BRIGHT #1008629724	$325,000
05/30/2008	Withdrawn BRIGHT #1008435492	$340,000
05/30/2008	Withdrawn BRIGHT #1008439718	$340,000
03/20/2008	Listed (Active) BRIGHT #1008435492	$340,000
03/20/2008	Withdrawn BRIGHT #PABK286950	$365,000
03/20/2008	Withdrawn BRIGHT #PABK283576	$365,000
03/20/2008	Listed (Active) BRIGHT #1008439718	$340,000
11/14/2006	Listed (Active) BRIGHT #PABK286950	$425,000
11/14/2006	Listed (Active) BRIGHT #PABK283576	$425,000
08/26/2004	Closed (Public Record) Public Record #244073823	$325,000 +10.5% / yr
01/30/2001	Closed BRIGHT #PABK185996	$225,000
12/28/2000	Pending BRIGHT #PABK185996	—
12/22/2000	Closed (Public Record) Public Record #576032276	$225,000
10/23/2000	Listed (Active) BRIGHT #PABK185996	$239,900

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
2/10	Sixteenth & Haak El School	Public - Serves this home	PK to 4	0.2 mi
3/10	Central Middle School	Public - Serves this home	5 to 8	0.6 mi
1/10	Reading Senior High School	Public - Serves this home	9 to 12	1.2 mi
NR	New Story	Private - Choice school	1 to 12	0.3 mi
NR	St. Catharine of Siena School	Private - Nearby school	PK to 8	1.0 mi
NR	Winston Hall School	Private - Nearby school	PK to 3	0.9 mi


Rating	School	Distance
2/10	Sixteenth & Haak El School PublicPK to 4 Serves this home	0.2 mi
3/10	Central Middle School Public5 to 8 Serves this home	0.6 mi
1/10	Reading Senior High School Public9 to 12 Serves this home	1.2 mi
NR	New Story Private1 to 12 Choice school	0.3 mi
NR	St. Catharine of Siena School PrivatePK to 8 Nearby school	1.0 mi
NR	Winston Hall School PrivatePK to 3 Nearby school	0.9 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: 1500 Mineral Spring Road, Reading, PA 19602	$385,000	7	5	3,650	13,503
1510 Mineral Spring Road, Reading, PA 19602	$280,000	7	3	3,068	13,068
206 Clymer Street, Reading, PA 19602	–	3	1.5	1,394	871
1516 Mineral Spring Road, Reading, PA 19602	$325,000	8	4	4,705	12,632
1448 Spruce Street, Reading, PA 19602	$170,000	–	–	5,298	–
1446 Spruce Street, Reading, PA 19602	–	3	1	1,344	1,742
208 Clymer Street, Reading, PA 19602	$265,000	6	3	2,714	2,178
210 Clymer Street, Reading, PA 19602	$64,000	6	1	2,264	2,178
1444 Spruce Street, Reading, PA 19602	$41,870	2	2	1,500	1,742
212 Clymer Street, Reading, PA 19602	$165,000	6	2	2,156	2,178
216 Clymer Street, Reading, PA 19602	$125,000	–	2	2,421	2,178
214 Clymer Street, Reading, PA 19602	$45,900	5	2	2,454	2,178
1442 Spruce Street, Reading, PA 19602	$18,301	4	1	1,427	1,742
1524 Mineral Spring Road, Reading, PA 19602	$82,500	6	4	3,690	6,970
1440 Spruce Street, Reading, PA 19602	$23,000	3	1	1,470	1,742
218 Clymer Street, Unknown, PA 99999	$45,000	5	1	1,500	1,800

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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.

Reading, PA

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