512 Spring St

Reading, PA 19601

$290,000
Last Sold Price
6
Beds
4
Baths
3,242 Sq. Ft.
$89 / Sq. Ft.
3,242
Sq. Ft.
$89
per Sq. Ft.
Closed 10/25/21
Closed 10/25/21
a front view of a building
a view of a building with a window
an empty room with windows
a view of a livingroom with a porch
a view of an empty room
a view of an empty room with a window
a view of an empty room with a window
a kitchen with stainless steel appliances granite countertop a refrigerator stove and sink
a kitchen with granite countertop cabinets and sink
a view of a storage & utility room with a sink
an empty room with windows
a kitchen with granite countertop a sink dishwasher stove and cabinets
a stove top oven sitting inside of a kitchen
an empty room with a bathroom
an empty room with windows
a bathroom with a sink and a bathtub
a room with water heater and a wooden floors
a utility room with washer and dryer
a close view of washer and dryer

Description

Investor alert! Immaculate and fully renovated! There is nothing left to be done in this beautifully maintained 4-unit building on the edge of the Centre Park Historical District. New exterior paint just completed, replacement windows installed in 2012, new roof in 2018, new super efficient heater/hot water in 2013, new electric panels in 2017. All units fully renovated over the past several years. On-site coin operated Speed Queen washer and dryer provide additional income averaging $325/month....Investor alert! Immaculate and fully renovated! There is nothing left to be done in this beautifully maintained 4-unit building on the edge of the Centre Park Historical District. New exterior paint just completed, replacement windows installed in 2012, new roof in 2018, new super efficient heater/hot water in 2013, new electric panels in 2017. All units fully renovated over the past several years. On-site coin operated Speed Queen washer and dryer provide additional income averaging $325/month. All this and a 10% CAP, section 8 approved.
  1. Listed by Krista Templin • Keller Williams Platinum Realty
    P: (610)-587-0582 kristasellspa@gmail.com

Property Details for 512 Spring Street

Tax ID Number
14-5307-51-85-0623
Ownership
Fee Simple
HOA
No
Structure Type
End of Row/Townhouse
Style
Traditional
Waterfront
No
Views
City
Garage
No
LISTING UPDATED: 08/27/2022 04:29 AM

Property Details for 512 Spring Street

StatusClosed
MLS #PABK2001040
Days on Market14
Taxes$3,336 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1880
Lot Size0.03 AC / 1,500 SF
CountyBerks County

Location

Listing Courtesy of Keller Williams Platinum Realty

Sold By RE/MAX Of Reading

Add your commute

Building Information for 512 Spring Street

Stories-Residences4Year Built1880Building Size-Lot Size0.03 AC / 1,500 SF

Payment Calculator

$1,691 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,413

Property Taxes

$278

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 512 Spring Street

Location
Location
  • Transportation: 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: $76,300
  • Year Assessed: 2021
  • County Tax: $584
  • Improvement Assessed Value: $64,300
  • City Town Tax: $1,383
  • Land Assessed Value: $12,000
  • Clean Green Assessed: No
  • Municipal Trash: No
  • Land Use Code: 138R
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: RESIDENTIAL
  • Tax Lot: 0623
  • School Tax: $1,368
  • School Tax Payment Frequency: Annually
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Owner Pays: Heat, Insurance, Sewer, 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: 2
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Units Furnished: None
  • Units Leased Count: 3
  • 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
  • Unit Type Lease Type: Owner Occupied
  • Beds Total: 1
  • Full Baths Count: 1
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Yearly
  • Beds Total: 1
  • Full Baths Count: 1
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Lease Type: Yearly
  • Beds Total: 2
  • Full Baths Count: 1
Unit 4
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Level: 3
  • Unit Type Lease Type: Yearly
  • Beds Total: 2
  • Full Baths Count: 1
Financial Information
Expenses
  • Operating Expense: $10,624
  • Insurance Expense: $1,632
  • Trash Expense: $815
  • Water Avg Month: $158
  • Water Prev 12 Months: $1,896
  • Electric Avg Month: $39
  • Electric Prev 12 Months: $468
  • Gas Avg Month: $164
  • Gas Prev 12 Months: $1,968
Financial Information
  • Gross Income: $42,300
  • Gross Scheduled Income: $38,400
  • Net Operating Income: $31,676
  • Annual Rental Income: $38,400
  • Income Includes: Apartment Rentals, Laundry
  • Cap Rate: 10.70
  • Existing Lease Type: Yearly
Building Info
Building Info
  • Building Level Count: 3
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 15.00 x 100.00
  • Lot Dimensions Source: Estimated
  • Location Type: Corner Lot/Unit
  • Parcel ID: 1454180
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Fireplaces Count: 0
  • Appliances: Built-In Range, Range Hood, Refrigerator
  • Accessibility Features: None
  • Security Features: Carbon Monoxide Detector(s), Fire Detection System
  • Window Features: Double Hung, Replacement
Exterior Features
Exterior Features
  • Spa: No
  • Exterior Features: Fire Escape, Sidewalks, Street Lights, Gutter System
  • Outdoor Living Structures: Balconies- Multiple, Brick
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Cable TV Available
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas
  • Hot Water: S/W Changeover
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 200+ Amp Service
Confidential Data
Listing Office
  • List Agent AOR: National Association of REALTORS

Property History for 512 Spring Street

DateEvent & SourcePriceAppreciation
Oct 25, 2021

Closed (Public Record)

Public Record #1475369127

$290,000

+4.0% / yr

Oct 25, 2021

Closed

BRIGHT #PABK2001040

$290,000—
Oct 22, 2021

Pending

BRIGHT #PABK2001040

—
Oct 20, 2021

Listed (Active)

BRIGHT #PABK2001040

—
Jul 12, 2021

Pending

BRIGHT #PABK2001040

—
Jul 2, 2021

Listed (Active)

BRIGHT #PABK2001040

$295,000—
Feb 23, 2006

Closed

BRIGHT #PABK152118

$155,900—
Feb 22, 2006

Closed (Public Record)

Public Record #244129737

$155,900

+17.9% / yr

Feb 8, 2006

Pending

BRIGHT #PABK152118

—
Oct 17, 2005

Listed (Active)

BRIGHT #PABK152118

$149,900—
Jul 21, 2004

Closed

BRIGHT #PABK133484

$119,900—
Jul 20, 2004

Closed (Public Record)

Public Record #244070809

$120,000—
Jun 15, 2004

Pending

BRIGHT #PABK133484

—
Jun 7, 2004

Listed (Active)

BRIGHT #PABK133484

$119,900—
DateEvent & SourcePrice
10/25/2021

Closed (Public Record)

Public Record #1475369127

$290,000

+4.0% / yr

10/25/2021

Closed

BRIGHT #PABK2001040

$290,000
10/22/2021

Pending

BRIGHT #PABK2001040

—
10/20/2021

Listed (Active)

BRIGHT #PABK2001040

—
07/12/2021

Pending

BRIGHT #PABK2001040

—
07/02/2021

Listed (Active)

BRIGHT #PABK2001040

$295,000
02/23/2006

Closed

BRIGHT #PABK152118

$155,900
02/22/2006

Closed (Public Record)

Public Record #244129737

$155,900

+17.9% / yr

02/08/2006

Pending

BRIGHT #PABK152118

—
10/17/2005

Listed (Active)

BRIGHT #PABK152118

$149,900
07/21/2004

Closed

BRIGHT #PABK133484

$119,900
07/20/2004

Closed (Public Record)

Public Record #244070809

$120,000
06/15/2004

Pending

BRIGHT #PABK133484

—
06/07/2004

Listed (Active)

BRIGHT #PABK133484

$119,900

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

Public Records for 512 Spring Street

Taxable ValueLand$12,000Additions$64,300Total$76,300
Tax Record2025$2,071 ($173 / month)
Home Facts
Baths4Total Finished SqFt3,242 SqFtAbove Grade Finished SqFt3,242 SqFtStories3Lot Size1,307 SqFtStyleMulti-Family Dwelling (2-4)Year Built1880CountyBERKSAPN14530751850623

Schools near 512 Spring Street

This home is within Reading School District.
Rating
School
Type
Grades
Distance
Riverside El School
Public - PK to 4
Northwest Middle School
Public - 5 to 8
Reading Senior High School
Public - 9 to 12
Southwest Middle School
Public - 6 to 7
Rating
School
Distance
Riverside El School
PublicPK to 4

Northwest Middle School
Public5 to 8

Reading Senior High School
Public9 to 12

Southwest Middle School
Public6 to 7

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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Listing Courtesy of Keller Williams Platinum 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.