tomo logo

$369,500

Beds
2
Baths
3.0
sq ft
3,465

1401 College Ave, Reading, PA 19604

1401 College Ave

READING, PA 19604

  • 5 days on market
Welcome to 1401 College Ave. in Reading—a stunning stone corner lot rancher located within a neighborhood perfect for outdoor activities and with easy access to major roadways. There are countless upgrades for you to enjoy! Here’s what makes this home truly special: the owned solar panels on the southern and eastern exposures of the roof will reduce your electric bills and currently generate payments from the utility company. New windows, an on-demand gas hot water heater, a Weil McLain gas boiler for cozy baseboard heating, and a central air system ensure year-round comfort. Plus, a whole-house generator offers peace of mind. Walk-in to an open living room featuring luxury oak vinyl flooring and a gorgeous two-sided stone fireplace with a gas insert for convenience. The two-sided stone fireplace also opens to the den, adding warmth and character. The full attic, accessible from the living room, provides possibilities for future use. The living room and dining room have a modern, open flow, perfect for entertaining. The large, remodeled kitchen offers ample storage, newer appliances (including a warming drawer, smooth-top stove and hood), and a huge island that simplifies entertaining while still leaving room for a table. Indirect lighting adds a warm ambiance. The kitchen opens to a cozy 3-season porch with sliding doors, as well as a private, fenced-in backyard. The main floor includes a primary bedroom and full bathroom, and a second bedroom with an adjacent full bathroom that includes one of two laundry spaces in the home. The expansive basement includes a spacious rec room with a beautiful stone fireplace, perfect for gatherings. Additional features of the lower level include a second laundry room (with a stackable laundry unit), a full bath, ample flexible/guest space and a workshop. Easy access to the garage or kitchen thanks to two staircase entry points. Outside, the fenced backyard provides privacy and a peaceful space for relaxation or play. This well-maintained and upgraded home is a must-see. A 2-car garage has access to the backyard and lower level. Schedule your visit today and experience all it has to offer.

Details

Property type

Single Family Residence

Est. home value

$376,000

Lot size

0.24 acres

Price per sq ft

$107

Year built

1956

Annual property taxes

$6,590

HOA

No

Price History

01/17/2025
Bright

Bright #PABK2052520

Listed
$369,500
+29.65%
01/14/2022
Bright

Bright #PABK2006446

Sold
$285,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

READING

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$126,430
Asking price
$369,500
Closing costs (~8% of asking)
-$29,560
Est. remaining loan balance
-$213,510
Cash to seller
$126,430

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Key Bank Na

Loan start date

January 2022

Original loan amount

$228,000

Est. remaining balance

$213,510

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Hal I Bond and Maria L Bond

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/22/2025 at 2:40 AM

Listing updated: 01/21/2025 at 4:44 PM

Listed by: Christopher Miller, Pagoda Realty Phone #: (610) 985-7700

MLS: Bright #PABK2052520

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