1 year on rocket

1611 Perkiomen Ave, Reading, PA, 19602

$169,900

Home List Price

$2,018*

Closing Credit

4 Bedrooms
3 Full Baths
2,671 SqFt
$64/SqFt
Townhouse
Schools Nearby

Location

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1611 Perkiomen Ave, Reading$169,900

Buyer Closing Credits

$2,018*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeTownhouse
ParkingOn Street
Year Built1923
HeatingBaseboard
CoolingCeiling Fan(s)
ViewGarden
MLS #PABK2018780
Lot Size0.04 Acres
StatusActive
(ACTIVE)

About 1611 Perkiomen Ave

Triplex opportunity on a tree lined street on the Eastern edge of the city limits. 3-unit ideal for an owner occupant or investor looking to start/add to a portfolio. Excellent CAP rate! High income producing triplex with extremely low bills & great POSITIVE cash-flow. Very low maintenance. Potential Rent income produced $1,946 positive cash-flow per month & $23K+ per year after all expenses! Each unit pays for their own heat, hot water, electricity & cooking. Owner pays ONLY Water/Sewer/Trash/Insurance ($3,408/year) & Taxes ($3,231/year). Unit 1 (1BR) vacant last occupant paid $850/mo ($10,200/year). Unit 2 (2BR) vacant $1,000/mo ($12,000/year). Unit 3 (1BR) vacant last occupant paid $650/mo ($7,800/year). Profit & Loss Math: $10,200+$12,000+$7,800=$30,000-$3,408-$3,231=$23,361 Positive Cash flow.

Property Details

Property Features

Property Information:

  • Architectural Style: Victorian
  • Year Built: 1923
  • Living Area: 2,671 SqFt

Listing Office:

  • Office Name: Springer Realty Group
  • Office Phone: (484) 498-4000
  • Listing Agent: Gregory Martire

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Garden
  • Exterior: Exterior Lighting, Sidewalks, Street Lights

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot: Front Yard, Back Yard
  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: Ceiling Fan(s)

Other

Directions Information:

  • Directions: Penn Avenue East through the City. Penn turns into Perkiomen. Property on the left.

Municipality:

  • Reading City

Price Information

Listing Price Info

Price Summary:

  • List Price: $169,900
  • Price Per SqFt: $64/SqFt

Tax Information:

  • Annual Amount: $3,231
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Reading, PA.

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Reading, PA

City

Med. Sold Price

$234.4K

Med. Price/SqFt

$142

Avg. Days On Market

20

# of Sold Homes

145

1611 Perkiomen Ave vs Reading

650 DAYS ON ROCKET

+630 Days

$169,900

-$64.5K Less

$64/SqFt

-$78 Less

KEY TAKEAWAY

This property is $64.5K less than the Median Sold Price and $78/SqFt less than other homes in Reading, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PABK2018780

Listing Office:

  • Office Name: Springer Realty Group
  • Office Phone: (484) 498-4000
  • Listing Agent: Gregory Martire

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/24/2024, 2:25:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 23, 2020Home Sold
$113,750
Dec 19, 2017Home Sold
$96,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,231$73,900
2020$3,198$73,900
2019$3,198$73,900
2018$3,198$73,900
2017$3,177$73,900

History based on county public records data.

Payment Calculator

$915

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$576

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2672728
4
/10

  • Sixteenth & Haak Elementary School

  • 1601 Haak St

  • 0.09 miles

  • Public District Grades PK-5

school-card-donut-2672729
5
/10

  • Amanda E Stout Elementary School

  • 321 S 10th St

  • 0.61 miles

  • Public District Grades PK-5

school-card-donut-2672730
4
/10

  • Tenth & Penn Elementary School

  • 955 Penn St

  • 0.78 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,599. Most Reading, PA residents have annual incomes between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In East Reading, Reading

What type of housing is available in East Reading, Reading?

In East Reading, most buildings are townhouses, and the remaining properties are mainly small apartment buildings and single detached homes. This neighborhood has a good choice of housing size options, ranging from lofts to four or more bedrooms. The population residing in this neighborhood is evenly split between renters and owners. This neighborhood experienced its most significant building boom pre-1960, so most of the available housing stock is from this era.

Is East Reading, Reading a good place to live?

East Reading is good for those who like quiet surroundings, as there isn't a lot of street noise or city clamor.

Are things conveniently located in East Reading, Reading?

It is easy to get to the closest supermarket by walking in East Reading. Moreover, those who like to dine in restaurants will have a good number of options, and there are also a few cafes in this part of the city. When it comes to education, residents will value the proximity to both primary and secondary schools, which are within walking distance from most houses for sale in East Reading.

What does the transportation in East Reading, Reading look like?

Walking is practical for home buyers in this area; many daily errands can be run without needing to use a vehicle. Cars are also a reasonably good transportation option in this part of Reading. It is convenient to come across a parking spot.

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Frequently Asked Questions About 1611 Perkiomen Ave

What is the listing price of this property?

The listing price of 1611 Perkiomen Ave property is $169,900.

What type of property is this?

The property 1611 Perkiomen Ave is a townhouse located in Reading, Pennsylvania, 19602.

Is this property for sale now?

Active Listing: 1611 Perkiomen Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,231 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 23, 2020 for $113,750. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1611 Perkiomen Ave has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 1611 Perkiomen Ave is 2,671 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1611 Perkiomen Ave is 1923.

Rocket Homes›Pennsylvania›Berks County›Reading›19602›1611 Perkiomen Ave

This home is located at 1611 Perkiomen Ave in Reading, PA and zip code 19602 in the East Reading neighborhood. This 2,671 square foot home, which was built in 1923, sits on a 0.04 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 13, 2022 and is currently priced at $169,900.

In March 2024, from all listings sold in Reading, PA there were more than 57 sold above asking price, over 40 sold below and more than 48 were sold right at the asked price. In March 2024 in Reading, PA there were 4.4% more homes for sale than in February 2024. Listings spent 20 days on the market in March 2024, and had a median list price of $234,427 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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