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817 Lorane Road

817 Lorane Road, Reading, PA 19606
Property in Lorane
Sold Aug 09, 2021
$225,000
$125,000 by Fidelis Mortgage Corp
Mortgage Due Aug 01, 2051
Sold Dec 31, 2014
$91,000
$102,000 by Customers Bank
Mortgage
817 Lorane Road has been categorized by the local assessors in Reading, PA as a residential type of property. The building on the property was first built in 1955 and is 69 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 817 Lorane Road has 986 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 19,602 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 a patio. Moving on to the building itself. The condition of the building has been evaluated as average. The exterior walls of the building are made of asbestos shingle. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system and being fueled with gas. Finally, the property is currently sourcing its water from a well 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, 817 Lorane Road was last sold in Jun 28, 2021 for $225,000. According to our calculations, that's $228.19 per sqft. Prior to that sales transaction, the property was sold for $91,000 in Dec 22, 2014. Current property owners are expected to pay $3,909 in taxes per year. The property on 817 Lorane Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $85,100. To break that down further, the land itself was valued at $34,500. While improvements to the property were assessed at a total of $50,600. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Exterior Walls Type: Asbestos shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 19,602
  • Total Building Area: 986
  • Gross Building Area: 986
  • Building Area: 986
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 986
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: JACOB S RITTENHOUSE
  • Land Acres: 0.45
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : JOHNSTON ROBERT F
  • Current Owner 2: JOHNSTON SHARON K
  • Previous Owner : CORBIN GLENN S
  • Previous Owner 2: CORBIN GAYC E
  • Owner Before Previous Owner: CIABATTONI DAVID W
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Exeter Township School District
  • School Tax School District: 6
  • Census Tract: 012004

Geography

  • Assessors Map Reference: 435325
  • Account Number: 43059669
  • District: 43
  • Parcel: 43-5325-16-84-5463
  • Block: 84
  • Municipality: EXETER TOWNSHIP
  • Latitude: 40.2909
  • Longitude: -75.8552

    Address

  • Full Address: 817 Lorane Rd
  • Address - House Number: 817
  • Address - Street Name: Lorane
  • Address - Suffix Type: Rd
  • State: PA
  • City Name: Reading
  • Carrier Code: C096
  • 4-Digit Zip Code: 3722
  • Zip Code: 19606

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,909
  • Tax Rate Code Area: 43

    Appraisal Valuation

  • Standard Deviation: 0.2169
  • Valuation Date: Aug 30, 2023
  • Confidence Score: 70
  • Final Value: 261,172
  • High Value: 317,834
  • Low Value: 204,510

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $125,000
  • First Open Lien Mortgage Lender: FIDELIS MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Aug 09, 2021
  • First Open Lien Mortgage Loan Amount: $125,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2051

    Market Valuation

  • Market Total Value: $85,100
  • Market Land Value: $34,500
  • Market Improvement Value: $50,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $85,100
  • Assessed Land Value: $34,500
  • Assessed Improvements Value: $50,600

    Sales

  • Current Sale Contract Date: Jun 28, 2021
  • Current Sale Recording Date: Aug 09, 2021
  • Current Sale Transaction ID: 11846758495
  • Current Sale Price: $225,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021039446
  • Previous Sale Recording Date: Dec 31, 2014
  • Previous Sale Contract Date: Dec 22, 2014
  • Previous Sale Amount: $91,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIDELIS MORTGAGE CORP
  • First Mortgage Transaction Date: Aug 09, 2021
  • First Mortgage Loan Amount: $125,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: CUSTOMERS BANK
  • Previous Mortgage Transaction Date: Dec 31, 2014
  • Previous Mortgage Loan Amount: $102,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About Lorane



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 817 Lorane Road located in?
The 817 Lorane Road is a located in the neighborhood of Lorane in Lorane, Reading.
What is the average sales price for listings in 817 Lorane Road?
The average sales price for units in 817 Lorane Road is $0 currently.

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