Last Sold Price
5,641 sqft$16/sqft
1531 Mineral Spring Rd, Reading, PA 19602

Description

Five-unit Mansion on Mineral Springs Road offers approximately 11 off-street parking spaces, large rooms with interesting historic features; building has separate gas heating systems for tenants, (owner pays electric, gas for hot water, water, sewer, and trash). It is in need of cosmetic renovations, and one of the units was formerly Owner Occupied and will need to be authorized by Reading Zoning to be officially counted as a fifth unit. The property includes .67 acres with enough room in the back...Five-unit Mansion on Mineral Springs Road offers approximately 11 off-street parking spaces, large rooms with interesting historic features; building has separate gas heating systems for tenants, (owner pays electric, gas for hot water, water, sewer, and trash). It is in need of cosmetic renovations, and one of the units was formerly Owner Occupied and will need to be authorized by Reading Zoning to be officially counted as a fifth unit. The property includes .67 acres with enough room in the back to consider building an additional multi-unit property. Property is being sold as-is. SDS on file and available for review. Interested parties will need to be approved by bank, which takes around 10 days. Bank approval required for all transactions, Conestoga Title company must be used for closing.
LISTING CLOSED: 10/24/2013 12:00 AM

  1. Listed by Sean H Moretti • Destination Realty LLC
    P: (610) 743-3310 destinationrealty.mls.leads@gmail.com

Property Details for 1531 Mineral Spring Road

Status
MLS #
1004194478
Days on Market
243
Taxes
$5,865 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi-Family / Fee Simple
Year Built
1899
Lot Size
0.67 AC / 29,185 SF
Tax ID Number
16-5316-06-39-3182
Ownership
Fee Simple
Condo Coop Association
No
HOA
No
Structure Type
Detached
Style
Converted Dwelling
Waterfront
No
Garage
Yes
Subdivision
NONE AVAILABLE
Subdivision
NONE AVAILABLE (BERKS PA)
Cross Street
CLYMER ST.
Municipality
READING CITY
Total Parking Spaces
9
Central Air
No
Basement
Yes
Above Grade Finished SQFT
5,641.00
Above Grade Fin SQFT Source
Estimated
New Construction
No
Construction Completed
No
Property Condition
Below Average

Recent comparable sales

Median sold price

$250,000

Avg days on market

26

Sale-to-list ratio

94.0%

Reading, PA

9 comparable properties found

front view of a building
1/18
1

$100,333

Sold 04/29/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,086
Square Feet
0.03
Acres
2

$470,000

Sold 10/18/24

Unavailable
Bedrooms
Unavailable
Bathrooms
5,612
Square Feet
0.2
Acres
$90,000 | 730 Franklin Street, Reading, PA 19602
1/7
3

$90,000

Sold 01/30/26

Unavailable
Bedrooms
Unavailable
Bathrooms
1,278
Square Feet
0.04
Acres
a front view of a building with many windows
1/25
4

$575,000

Sold 01/23/26

Unavailable
Bedrooms
Unavailable
Bathrooms
4,500
Square Feet
0.07
Acres
$260,000 | 1368 Perkiomen Avenue, Reading, PA 19602
1/26
5

$260,000

Sold 01/09/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,180
Square Feet
0.05
Acres
a view of an outdoor space with seating area
1/57
6

$269,000

Sold 10/24/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,538
Square Feet
0.05
Acres
a view of a car parked in front of a building
1/10
7

$155,000

Sold 05/11/26

Unavailable
Bedrooms
Unavailable
Bathrooms
2,334
Square Feet
0.05
Acres
a view of a street with shops
1/35
8

$194,900

Sold 03/31/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,350
Square Feet
0.03
Acres
$250,000 | 300 South 17th Street, Reading, PA 19602
1/47
9

$250,000

Sold 10/18/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.03
Acres

Location

Listing Courtesy of Destination Realty LLC

Sold By Coldwell Banker Realty

Add your commute

Building Information for 1531 Mineral Spring Road

Stories-Residences-Year Built1899Building Size-Lot Size0.67 AC / 29,185 SF

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Principal and Interest

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Property Taxes

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Property Information for 1531 Mineral Spring Road

Location
Location
  • School District Name: READING
  • School District County ID: 300200397169
  • 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: 2013
  • Tax Assessed Value: $146,700
  • Improvement Assessed Value: $95,400
  • Land Assessed Value: $51,300
  • Land Use Code: 133
  • Zoning: R3
  • Tax Lot: 3182
Lease Information
Lease Information
  • Concessions: Yes
  • Concessions Amount: $5,000
  • Concession Remarks: repair replace damaged items
Unit Information
Unit Information
  • One Bedroom Units Count: 4
  • Three Bedroom Units Count: 1
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
Rooms
Rooms
  • Room List: Primary Bedroom
Financial Information
Expenses
  • Insurance Expense: $1,200
  • Maintenance Expense: $1,000
  • Water Sewer Expense: $3,000
  • Electric Expense: $3,600
  • Other Expense: $1,500
  • Annual Gross Expense: $15,902
Financial Information
  • Gross Income: $37,500
Building Info
Building Info
  • Total Finished SQFT: 5,641.00
  • Total SQFT: 5,641.00
Lot / Land Information
Lot / Land Information
  • Lot Size Dimensions: 4,792 SQ. FT.
  • Sign On Property: No
  • Parcel ID: 1458340
Parking
Parking
  • Type Of Parking: Driveway, Parking Lot, Detached Garage
  • Num of Detached Garage Spaces: 1
  • Total Garage Spaces: 1
  • Total Non-Garage Parking Spaces: 8
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
  • Laundry Type: None
Exterior Features
Exterior Features
  • Exterior Features: Sidewalks, Street Lights
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Heating Type: Gas, Radiator
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent URL: www.destinationrealtypa.com

Property History for 1531 Mineral Spring Road

DateEvent & SourcePriceAppreciation
Oct 24, 2013

Closed (Public Record)

Public Record #372535993

$90,000

-2.4% / yr

Oct 24, 2013

Closed

BRIGHT #1004194478

$90,000
Aug 25, 2013

Pending

BRIGHT #1004194478

DateEvent & SourcePrice
10/24/2013

Closed (Public Record)

Public Record #372535993

$90,000

-2.4% / yr

10/24/2013

Closed

BRIGHT #1004194478

$90,000
08/25/2013

Pending

BRIGHT #1004194478

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

Public Records for 1531 Mineral Spring Road

Taxable ValueLand$51,300Additions$95,400Total$146,700
Tax Record2026$4,141 ($345 / month)
Home Facts
Baths5Total Finished SqFt5,315 SqFtAbove Grade Finished SqFt5,315 SqFtStories3Lot Size29,185 SqFtStyleMulti-Family Dwelling (2-4)Year Built1899CountyBERKSAPN16531606393182Fireplace TypeHas Fireplace

Schools near 1531 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 - 9 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

Central Catholic High School
Private9 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: 1531 Mineral Spring Road, Reading, PA 19602
$90,000
5,641
29,185
$385,000
10,991
44,867
$169,000
7
4
5,561
29,621
$387,500
10,937
23,958
6
3,431
22,651
$130,000
2,833
4,792

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 Destination Realty LLC

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.