1544 Mineral Spring Road

Closed 10/8/21Virtual Tour
Closed 10/8/21Virtual Tour
1544 Mineral Spring Rd, 19602
1544 Mineral Spring Rd, 19602
1544 Mineral Spring Rd, 19602
1544 Mineral Spring Rd, 19602
looking West from the front porch
looking East from the front porch
Parking for several cars out back
Parking for several cars out back
common hallway, entrance to #1
Unit #1, kitchen, Living room space
Unit #1, kitchen, Living room space
Unit #1, kitchen, Living room space
Unit #1, kitchen, Living room space
Unit #1, kitchen, Living room space
Unit #1, kitchen, Living room space
Unit #1, hallway to bedrooms - bathroom
Unit #1, bedroom 1
Unit #1, bedroom
...the bathroom, doh
bonus room aka second bedroom
bonus room aka second bedroom
common hall to second and third floor apts
Unit #2, large one bedroom
Unit #2, large one bedroom
Unit #2, large kitchen
Unit #2, large eat in kitchen
Unit #2, large eat in kitchen
Unit #2, large eat in kitchen
Unit #2, large eat in kitchen
...again, this is a bathroom... unit #2
middle room unit #2... used here as a living room
middle room unit #2... used here as a living room
middle room unit #2... used here as a living room
Large front room... here as a bedroom
Large front room... here as a bedroom
Large front room... here as a bedroom, nice glass
common hall to the third floor, unit #3
Unit #3, I'd call it a nice sized studio
Unit #3, I'd call it a nice sized studio
Unit #3, I'd call it a nice sized studio
a nice sized studio, with closet space!
hall to the kitchen bathroom space
life under the sea... right, bathroom!
shower, and sink... in case you were wondering
One guess...
Yep, this is an eat in kitchen!
confirmed, this is an eat in kitchen!
confirmed, this is a great view from #3 kitchen!
back yard / basement access
separated all electric
Gallery Image 51
Owner and tenant meters
tenant meters
basement...
Gallery Image 55
Gallery Image 56
Sold
Last Sold Price
$155,000
4 beds4 baths2,459 sqft

1544 Mineral Spring Rd, Reading, PA 19602

Multi FamilyProperty Type
0.07 acresLot Size
1900Year Built
$63/sq ftPrice per sq ft
3 carsParking Spaces

Description

Large property with three individual (one )bedroom apartments. Each is supplied with their own all electric service for heat, hot water and electric. Owner pays water, sewer, trash, recycling. The apartments were nicely finished a few years ago, and are still in good to average condition. Longer term tenant on the first floor, new tenant scheduled for the second floor and a few months into a year lease for the third floor. Priced to move, this is a good property with up-side potential to increase...Large property with three individual (one )bedroom apartments. Each is supplied with their own all electric service for heat, hot water and electric. Owner pays water, sewer, trash, recycling. The apartments were nicely finished a few years ago, and are still in good to average condition. Longer term tenant on the first floor, new tenant scheduled for the second floor and a few months into a year lease for the third floor. Priced to move, this is a good property with up-side potential to increase rents. Bonus, there is a gravel parking lot in the back with room for at least 3 vehicles. Across the street are beautiful mansions, and the neighboring properties are all adorned with interesting architectural features.
  • Listed by: Sean H Moretti 610.743.3310 destinationrealty.mls.leads@gmail.com • Destination Realty LLC
Listing closed: 10/08/2021 12:00 AM • Source: BRIGHT, MLS#: PABK2002668
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Recent comparable sales

Median sold price

$265,000

Avg days on market

23

Sale-to-list ratio

104.4%

Reading, PA

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Location

Listing Courtesy of Destination Realty LLC

Sold By EXP Realty, LLC

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30 year fixed, 7.03% Interest

Principal and Interest

$827

Property Taxes

$235

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Property Information for 1544 Mineral Spring Road

Property Details

  • Taxes: $2,824 / year
  • MLS Type: Multi-Family / Fee Simple
  • County: Berks County
  • Tax ID Number: 16-5316-06-38-5884
  • Ownership: Fee Simple
  • HOA: No
  • Structure Type: Interior Row/Townhouse
  • Style: Other, Victorian
  • Waterfront: No
  • Views: Mountain, Street, Trees/Woods
  • Garage: No
  • Expected On Market Date: 08-10-2021
  • Cross Street: CLYMER
  • Municipality: READING CITY
  • Total Parking Spaces: 3
  • Central Air: No
  • Basement: Yes
  • Above Grade Finished SQFT: 2,459.00
  • 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
  • Building Winterized Y/N: No
  • Property Condition: Good, Very Good

Building Information

  • Residences: 3
  • Year Built: 1900
  • Lot Size: 0.07 AC / 3,049 SF

Location

Location
  • Transportation: Airport less than 10 miles, Bus Stop less than 1 mile
  • 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

Association / Community Info

Association / Community Info
  • Association Recreation Fee Y/N: No

Taxes and Assessment

Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $64,600
  • Year Assessed: 2021
  • County Tax: $495
  • Improvement Assessed Value: $46,500
  • City Town Tax: $1,171
  • Land Assessed Value: $18,100
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Land Use Code: 138R
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: RES
  • Zoning Dscrp: R3 is a high density residential zoning, this 3 unit is permitted in this zone.
  • Tax Lot: 5884
  • School Tax: $1,158
  • School Tax Payment Frequency: Annually
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No

Lease Information

Lease Information
  • Owner Pays: Accounting/Legal, Advertising/Licenses and Permits, Lawn/Shrub Care, Management, Miscellaneous, Repairs, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Concessions: No

Unit Information

Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 3
  • Units Furnished: None
  • Units Leased Count: 2
  • Number Of Units Vacant: 1
  • Vacancy Allowance Rate: 3.00%
  • Rent Control: No

Multi Family

Unit 1
  • Type: Unit 3
  • Unit Type Occupied YN: No
  • Level: 3
  • Unit Type Lease Type: Double Net
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: third floor studio / 1 bedroom
  • Total Rooms: 2
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: No
  • Level: 2
  • Unit Type Lease Type: None
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: eat in kitchen
  • Total Rooms: 3
Unit 3
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Double Net
  • Beds Total: 2
  • Half Baths Count: 0
  • Full Baths Count: 2
  • Unit Type Baths Total: 2
  • Total Rooms: 4

Financial Information

Expenses
  • Operating Expense: $7,129
  • Operating Expense Includes: Insurance, Snow Removal, Trash
  • Insurance Expense: $900
  • Trash Expense: $90
  • Maintenance Expense: $700
  • Water Avg Month: $190
  • Water Prev 12 Months: $2,280
  • Electric Avg Month: $100
  • Electric Prev 12 Months: $1,200
Financial Information
  • Gross Income: $21,941
  • Gross Scheduled Income: $21,941
  • Net Operating Income: $14,154
  • Annual Rental Income: $22,620
  • Income Includes: Apartment Rentals
  • Cap Rate: 9.00
  • Existing Lease Type: Double Net

Building Info

Building Info
  • Building Level Count: 3
  • Building Units Total: 3

Lot / Land Information

Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Features: Interior, Rear Yard, Sloping
  • Soil Types: Unknown
  • Road Surface Type: Black Top, Paved
  • Road Responsibility: City/County, Boro/Township
  • Road Frontage Length: 18.00
  • Location Type: Urban
  • Parcel ID: 1458312

Parking

Parking
  • Type Of Parking: Driveway
  • Driveway - # of Spaces: 3
  • Parking Features: Crushed Stone

Interior Features

Interior Features
  • Fireplace: No
  • Fireplaces Count: 0

Exterior Features

Exterior Features
  • Spa: No
  • Exterior Features: Sidewalks
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade

Utilities

Utilities
  • Utilities: Above Ground, Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Internet Services: Broadband, Cable, DSL

Confidential Data

Listing Office
  • List Agent AOR: Reading-Berks Association of REALTORS

Property History for 1544 Mineral Spring Road

DateEvent & SourcePriceAppreciation
Oct 8, 2021

Closed (Public Record)

Public Record #1474293688

$155,000

+5.7% / yr

Oct 8, 2021

Closed

BRIGHT #PABK2002668

$155,000—
Sep 6, 2021

Pending

BRIGHT #PABK2002668

—
DateEvent & SourcePrice
10/08/2021

Closed (Public Record)

Public Record #1474293688

$155,000

+5.7% / yr

10/08/2021

Closed

BRIGHT #PABK2002668

$155,000
09/06/2021

Pending

BRIGHT #PABK2002668

—

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

Public Records for 1544 Mineral Spring Road

Taxable Value

Land

$18,100

Additions

$46,500
Total$64,600

Tax Record

2026

$1,824 ($152 / month)

Home Facts

Baths

3

Total Finished SqFt

2,459 SqFt

Above Grade Finished SqFt

2,459 SqFt

Stories

3

Lot Size

3,049 SqFt

Style

Multi-Family Dwelling (2-4)

Year Built

1900

County

BERKS

APN

16531606385884

Schools near 1544 Mineral Spring Road

This home is within Reading School District.
Rating
School
Type
Grades
Distance
Sixteenth & Haak El School
Public - PK to 4
Central Middle School
Public - 5 to 8
Reading Senior High School
Public - 9 to 12
Fairview Christian School
Private - K 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

Fairview Christian School
PrivateK 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: 1544 Mineral Spring Road, Reading, PA 19602
$155,000
4
4
2,459
3,049
1542 Mineral Spring Road, Reading, PA 19602
$115,000
–
–
2,352
3,049
1540 Mineral Spring Road, Reading, PA 19602
$215,000
5
2,352
3,049
1546 Mineral Spring Road, Reading, PA 19602
$285,000
–
2
2,307
2,614
1548 Mineral Spring Road, Reading, PA 19602
$110,000
5
2,177
2,614
1538 Mineral Spring Road, Reading, PA 19602
$58,000
4
2,667
3,049

Explore Nearby Homes

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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.