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516 Spring Valley Road

516 Spring Valley Road, Reading, PA 19604
Property in Muhlenberg
Sold May 26, 2017
$155,000
$152,192 by Franklin American Mortgage Co
Mortgage Due Jun 01, 2047
Sold Oct 01, 2004
$144,000
$71,000 by Sovereign Bank
Mortgage Due Oct 01, 2034
516 Spring Valley Road in Reading, PA was first built in 1960 and is 64 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 6 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 516 Spring Valley Road has 1,208 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. The basement is 120 sqft and has been categorized as a full basement. In total, the area measurement of the land is 71,874 square feet.

Learn more about the property and building on this page. 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. For those who need parking, there is a attached garage. There is one available parking space. 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 average. 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. 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, 516 Spring Valley Road was last sold in May 23, 2017 for $155,000. According to our calculations, that's $128.31 per sqft. Prior to that sales transaction, the property was sold for $144,000 in Sep 28, 2004. Current property owners are expected to pay $4,849 in taxes per year. The property on 516 Spring Valley Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $107,300. To break that down further, the land itself was valued at $40,600. While improvements to the property were assessed at a total of $66,700. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Masonry
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 120
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 71,874
  • Total Building Area: 1,208
  • Gross Building Area: 1,208
  • Building Area: 1,208
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 1,208
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 1.65
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : STEVENS FREDERICK W
  • Current Owner 2: EDMAN CASSIDIE N
  • Previous Owner : WAGNER CRAIG E
  • Previous Owner 2: WAGNER CRAIG E
  • Owner Before Previous Owner: SHARADIN HARRY D
  • Owner Before Previous Owner 2: RAUENZAHN JOAN M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Muhlenberg School District
  • School Tax School District: 11
  • Census Tract: 012400

Geography

  • Assessors Map Reference: 665318
  • Account Number: 66416800
  • District: 66
  • Parcel: 66-5318-10-45-8220
  • Block: 45
  • Municipality: MUHLENBERG TOWNSHIP
  • Latitude: 40.3764
  • Longitude: -75.9009

    Address

  • Full Address: 516 Spring Valley Rd
  • Address - House Number: 516
  • Address - Street Name: Spring Valley
  • Address - Suffix Type: Rd
  • State: PA
  • City Name: Reading
  • Carrier Code: C034
  • 4-Digit Zip Code: 1000
  • Zip Code: 19604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,849
  • Tax Rate Code Area: 66

    Appraisal Valuation

  • Standard Deviation: 0.2011
  • Valuation Date: Aug 30, 2023
  • Confidence Score: 73
  • Final Value: 275,418
  • High Value: 330,832
  • Low Value: 220,004

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $168,692
  • First Open Lien Mortgage Lender: FRANKLIN AMERICAN MORTGAGE CO
  • First Open Lien Mortgage Recording Date: May 26, 2017
  • First Open Lien Mortgage Loan Amount: $152,192
  • 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: Jun 01, 2047
  • Second Open Lien Mortgage Lender: PSECU
  • Second Open Lien Mortgage Recording Date: May 26, 2022
  • Second Open Lien Mortgage Loan Amount: $16,500
  • Second Open Lien Mortgage Term: 60
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Jun 01, 2027

    Market Valuation

  • Market Total Value: $107,300
  • Market Land Value: $40,600
  • Market Improvement Value: $66,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $107,300
  • Assessed Land Value: $40,600
  • Assessed Improvements Value: $66,700

    Sales

  • Current Sale Contract Date: May 23, 2017
  • Current Sale Recording Date: May 26, 2017
  • Current Sale Transaction ID: 1813382973
  • Current Sale Price: $155,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2017018890
  • Previous Sale Recording Date: Oct 01, 2004
  • Previous Sale Contract Date: Sep 28, 2004
  • Previous Sale Amount: $144,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FRANKLIN AMERICAN MORTGAGE CO
  • First Mortgage Transaction Date: May 26, 2017
  • First Mortgage Loan Amount: $152,192
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: SOVEREIGN BANK
  • Previous Mortgage Transaction Date: Oct 01, 2004
  • Previous Mortgage Loan Amount: $71,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Oct 01, 2034

About Berks



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Frequently Asked Questions

What neighborhood is 516 Spring Valley Road located in?
The 516 Spring Valley Road is a located in the neighborhood of Muhlenberg in Berks, Reading.
What is the average sales price for listings in 516 Spring Valley Road?
The average sales price for units in 516 Spring Valley Road is $0 currently.

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