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1635 Centre Avenue

1635 Centre Avenue, Reading, PA 19601
1 Units For Sale
Unit for sale at 1635 CENTRE AVE, READING, PA 19601

$2,790,000

  • Commercial
1635 CENTRE AVE, READING, PA 19601 Listing by Randy Weidner, Tod Slabik

Local assessors in Reading, PA have categorized 1635 Centre Avenue as a residential type of property. The home was built in 1925 and is 99 years old. The property's lot size has been calculated to be 23,522 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 16 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 16 full bathrooms. There are also 16 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1635 Centre Avenue has a total of 12,272 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Lots of wood were used in the construction of the exterior walls of the home. 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, 1635 Centre Avenue sold most recently in Aug 9, 2021 for a total of $965,000. If you work out the math, that's approximately a cost of $78.63 per sqft. Before that, the property was also sold for $925,000 in Jul 12, 2018. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $21,989 in taxes each year. 1635 Centre Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $503,000. If we break it down further, the land itself was valued at $101,900. Improvements to the property, however, were assessed at a total of $401,100. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.

Building Features

Exterior

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

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Bedroom Count: 16
  • Bathroom Count: 16
  • Full Bathrooms: 16
  • Partial Bathrooms: 16
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Living Units: 16
  • Business/Commerical Units Count: 16
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 23,522
  • Total Building Area: 12,272
  • Gross Building Area: 12,272
  • Building Area: 12,272
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 12,272
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.54
  • Standard Land Use Code: Boarding house, rooming house, apt hotel, transient lodgings, hostel

Ownership

  • Current Owner : IN TOWN MOTEL LLC
  • Previous Owner : PHAN BANG THE
  • Owner Before Previous Owner: HAZER MURATHAN
  • Owner Before Previous Owner 2: HAZERM SUNA
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag Date: Jan 16, 2024

Neighborhood

  • School District Name: Reading School District
  • School Tax School District: 19
  • Census Tract: 000400

Geography

  • Assessors Map Reference: 145307
  • Account Number: 14298425
  • District: 14
  • Parcel: 14-5307-26-69-3316
  • Block: 69
  • Municipality: READING CITY
  • Latitude: 40.3606
  • Longitude: -75.9329

    Address

  • Full Address: 1635 Centre Ave
  • Address - House Number: 1635
  • Address - Street Name: Centre
  • Address - Suffix Type: Ave
  • State: PA
  • City Name: Reading
  • Carrier Code: C046
  • 4-Digit Zip Code: 1415
  • Zip Code: 19601

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $21,989
  • Tax Rate Code Area: 01

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $723,750
  • First Open Lien Mortgage Lender: THE NORTHUMBERLAND NATIONAL BA
  • First Open Lien Mortgage Recording Date: Aug 10, 2021
  • First Open Lien Mortgage Loan Amount: $723,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Aug 10, 2051

    Market Valuation

  • Market Total Value: $503,000
  • Market Land Value: $101,900
  • Market Improvement Value: $401,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $503,000
  • Assessed Land Value: $101,900
  • Assessed Improvements Value: $401,100

    Sales

  • Current Sale Contract Date: Aug 09, 2021
  • Current Sale Recording Date: Aug 10, 2021
  • Current Sale Transaction ID: 11848332870
  • Current Sale Price: $965,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021039778
  • Previous Sale Recording Date: Jul 12, 2018
  • Previous Sale Contract Date: Jul 12, 2018
  • Previous Sale Amount: $925,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE NORTHUMBERLAND NATIONAL BA
  • First Mortgage Transaction Date: Aug 10, 2021
  • First Mortgage Loan Amount: $723,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: THE EPHRATA NATIONAL BANK
  • Previous Mortgage Transaction Date: Jul 12, 2018
  • Previous Mortgage Loan Amount: $467,177
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Northwest Reading



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Frequently Asked Questions

What neighborhood is 1635 Centre Avenue located in?
The 1635 Centre Avenue is a located in the neighborhood of Northwest Reading in Northwest Reading, Reading.
How many listings are currently for sale in 1635 Centre Avenue?
There is one unit for sale right now.
What is the average sales price for listings in 1635 Centre Avenue?
The average sales price for units in 1635 Centre Avenue is $2,790,000 currently.

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