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2295 Lancaster Pike

2295 Lancaster Pike, Reading, PA 19607
Property in Cumru
1 Units For Sale
Unit for sale at 2295 LANCASTER PIKE, READING, PA 19607

$200,000

  • Commercial
2295 LANCASTER PIKE, READING, PA 19607 Listing by David Yeager, Bradley Difulvio

2295 Lancaster Pike has been categorized by the local assessors in Reading, PA as a commercial type of property. The building on the property was first built in 1987 and is 37 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2295 Lancaster Pike has 3,148 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 40,946 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying both a unknown and a unknown. Love to swim? You'll be excited to find out that there is a pool on the property. The exterior walls of the building are made of stucco. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2295 Lancaster Pike was last sold in Nov 22, 2023 for $1,060,000. According to our calculations, that's $336.72 per sqft. Prior to that sales transaction, the property was sold for $2,850,000 in Jan 30, 2007. Current property owners are expected to pay $17,902 in taxes per year. The property on 2295 Lancaster Pike was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $400,300. To break that down further, the land itself was valued at $194,400. While improvements to the property were assessed at a total of $205,900. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!

Building Features

Parking

Paved Parking
Accessible Parking

Condition

Level Lot

Accessibility

ADA Access
This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230321
03/21/2023
Loft
-
-
$1,300,000
bedrooms
Loft
bathrooms
-
-
-
-
David Yeager
Pagoda Realty
20220715
07/15/2022
Loft
-
-
$1,500,000
bedrooms
Loft
bathrooms
-
-
-
-
David Yeager
Pagoda Realty

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Bedroom Count: 0
  • Exterior Walls Type: Stucco
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 2,448
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 40,946
  • Total Building Area: 3,148
  • Gross Building Area: 3,148
  • Building Area: 3,148
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,148
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Commercial
  • Land Acres: 0.94
  • Standard Land Use Code: Restaurant

Ownership

  • Current Owner : AWZ REAL ESTATE LLC
  • Previous Owner : FRANGAKIS JOHN
  • Previous Owner 2: FRANGAKIS DESPINA
  • Owner Before Previous Owner: FRANGAKIS JOHN
  • Owner Before Previous Owner 2: FRANGAKIS DESPINA
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Governor Mifflin School District
  • School Tax School District: 8
  • Census Tract: 011602

Geography

  • Assessors Map Reference: 394395
  • Account Number: 39001392
  • District: 39
  • Parcel: 39-4395-05-18-8290
  • Block: 18
  • Lot: 1
  • Municipality: CUMRU TOWNSHIP
  • Latitude: 40.3033
  • Longitude: -75.9859

    Address

  • Full Address: 2295 Lancaster Pike
  • Address - House Number: 2295
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Pike
  • State: PA
  • City Name: Reading
  • Carrier Code: C012
  • 4-Digit Zip Code: 2380
  • Zip Code: 19607

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $17,902
  • Tax Rate Code Area: 39

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,075,000
  • First Open Lien Mortgage Lender: VICTORY BK
  • First Open Lien Mortgage Recording Date: Nov 29, 2023
  • First Open Lien Mortgage Loan Amount: $1,075,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $400,300
  • Market Land Value: $194,400
  • Market Improvement Value: $205,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $400,300
  • Assessed Land Value: $194,400
  • Assessed Improvements Value: $205,900

    Sales

  • Current Sale Contract Date: Nov 22, 2023
  • Current Sale Recording Date: Nov 29, 2023
  • Current Sale Transaction ID: 11917446666
  • Current Sale Price: $1,060,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 35277
  • Previous Sale Recording Date: Feb 05, 2007
  • Previous Sale Contract Date: Jan 30, 2007
  • Previous Sale Amount: $2,850,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: VICTORY BK
  • First Mortgage Transaction Date: Nov 29, 2023
  • First Mortgage Loan Amount: $1,075,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Credit Line (Revolving)

    Previous Mortgages

  • Previous Mortgage Lender: MILLENNIUM BCPBANK NA
  • Previous Mortgage Transaction Date: Feb 05, 2007
  • Previous Mortgage Loan Amount: $3,000,000
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jan 31, 2027

About Berks



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 2295 Lancaster Pike located in?
The 2295 Lancaster Pike is a located in the neighborhood of Cumru in Berks, Reading.
How many listings are currently for sale in 2295 Lancaster Pike?
There is a listing currently on the market for sale.
What is the average sales price for listings in 2295 Lancaster Pike?
The average sales price for units in 2295 Lancaster Pike is $200,000 currently.

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