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1532 Mineral Spring Road

1532 Mineral Spring Road, Reading, PA 19602
Multifamily in District 8
Sold Dec 09, 2020
$130,000
$127,645 by Crosscountry Mortgage Llc
Mortgage Due Dec 01, 2050
Sold Sep 22, 2006
$161,650
$144,000 by Dba Brokers Fundings Services
Mortgage Due Oct 01, 2036
1532 Mineral Spring Road in Reading, PA was first built in 1895 and is 129 years old. This has been categorized as a residential property type. There are a total of 3 floors. There are a total of 11 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 1532 Mineral Spring Road has 2,833 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 4,792 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The condition of the building has been evaluated as good. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a hot water heating system and being fueled with oil. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1532 Mineral Spring Road sold most recently in Nov 2, 2020 for a total of $130,000. If you work out the math, that's approximately a cost of $45.89 per sqft. Before that, the property was also sold for $161,650 in Sep 14, 2006. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $4,739 in taxes each year. The initial year of tax delinquency occurred in 2017. 1532 Mineral Spring Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $108,400. If we break it down further, the land itself was valued at $11,500. Improvements to the property, however, were assessed at a total of $96,900. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1895
  • Effective Year Built: 1895
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Construction Type: Masonry
  • Exterior Walls Type: Brick
  • Floor Count: 3
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,792
  • Total Building Area: 2,833
  • Gross Building Area: 2,833
  • Building Area: 2,833
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 2,833
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HOMESTEAD BLDG & SVGS ASSN 04
  • Land Acres: 0.11
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : CHAVEZ MARIANO JESUS
  • Previous Owner : CHISOLM LORNA
  • Owner Before Previous Owner: SAWINA JOHN M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Reading School District
  • School Tax School District: 19
  • Census Tract: 001800

Geography

  • Assessors Map Reference: 165316
  • Account Number: 16499775
  • District: 16
  • Parcel: 16-5316-06-38-4769
  • Block: 38
  • Lot: 12
  • Municipality: READING CITY
  • Latitude: 40.3312
  • Longitude: -75.9078

    Address

  • Full Address: 1532 Mineral Spring Rd
  • Address - House Number: 1532
  • Address - Street Name: Mineral Spring
  • Address - Suffix Type: Rd
  • State: PA
  • City Name: Reading
  • Carrier Code: C095
  • 4-Digit Zip Code: 2261
  • Zip Code: 19602

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,739
  • Intital Tax Deliquent Year: 2017
  • Tax Rate Code Area: 01

    Appraisal Valuation

  • Standard Deviation: 0.4902
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 1
  • Final Value: 259,093
  • High Value: 386,105
  • Low Value: 132,080

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $127,645
  • First Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Dec 09, 2020
  • First Open Lien Mortgage Loan Amount: $127,645
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2050

    Market Valuation

  • Market Total Value: $108,400
  • Market Land Value: $11,500
  • Market Improvement Value: $96,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $108,400
  • Assessed Land Value: $11,500
  • Assessed Improvements Value: $96,900

    Sales

  • Current Sale Contract Date: Nov 02, 2020
  • Current Sale Recording Date: Dec 09, 2020
  • Current Sale Transaction ID: 11807327345
  • Current Sale Price: $130,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020047098
  • Previous Sale Recording Date: Sep 22, 2006
  • Previous Sale Contract Date: Sep 14, 2006
  • Previous Sale Amount: $161,650
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Mortgage Transaction Date: Dec 09, 2020
  • First Mortgage Loan Amount: $127,645
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Dec 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: DBA BROKERS FUNDINGS SERVICES
  • Previous Mortgage Transaction Date: Sep 22, 2006
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $144,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Oct 01, 2036

About Southeast Reading



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Frequently Asked Questions

What neighborhood is 1532 Mineral Spring Road located in?
The 1532 Mineral Spring Road is a multifamily located in the neighborhood of District 8 in Southeast Reading, Reading.
What is the average sales price for listings in 1532 Mineral Spring Road?
The average sales price for units in 1532 Mineral Spring Road is $0 currently.

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