Sold
Last Sold Price
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!
Listing closed: 08/08/2024 12:00 AM • Source: BRIGHT, MLS#: PABK2045792
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Recent comparable sales

Median sold price

$355,000

Avg days on market

27

Sale-to-list ratio

98.2%

Reading, PA

9 comparable properties found

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Bathrooms
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$535,000 | 800 North 5th Street, Reading, PA 19601
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$465,000 | 1257 Eckert Avenue, Reading, PA 19602
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Unavailable
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Location

Listing Courtesy of Coldwell Banker Realty

Sold By VRA Realty

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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

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 Value

Land

$38,000

Additions

$92,600
Total$130,600

Tax Record

2026

$3,687 ($307 / month)

Home Facts

Baths

3

Total Finished SqFt

3,650 SqFt

Above Grade Finished SqFt

3,650 SqFt

Stories

2

Lot Size

13,504 SqFt

Style

Multi-Family Dwelling (2-4)

Year Built

1910

County

BERKS

APN

16531606381756

Fireplace Type

Has 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1500 Mineral Spring Road, Reading, PA 19602
$385,000
7
5
3,650
13,503
$280,000
7
3,068
13,068
–
3
1.5
1,394
871
$325,000
8
4,705
12,632
$170,000
–
–
5,298
–
–
3
1
1,344
1,742

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.