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$227,500

Beds
3
Baths
1.0
sq ft
1,260

217 Gerry St, Reading, PA 19611

217 Gerry St

READING, PA 19611

  • 38 days on market
    • Price drop $7,400↓
Charming Cape Cod featuring a spacious fenced in backyard, a bright and open layout, and off-street parking. The main level includes a living room, eat-in kitchen, two bedrooms, and a full bath. The upper level is perfect for a third bedroom or bonus space. Utilize the lower-level workshop with a ductless mini split unit. Great location - easy commute to major highways and convenient to restaurants, shopping, and local amenities.

Details

Property type

Single Family Residence

Est. home value

$222,615

Lot size

6,098 sq ft

Price per sq ft

$181

Year built

1958

Annual property taxes

$3,477

HOA

No

Price History

02/14/2025
Bright

Bright #PABK2052626

Price change
$227,500
-3.15%
02/03/2025
Bright

Bright #PABK2052626

Price change
$234,900
-2.08%
01/15/2025
Bright

Bright #PABK2052626

Listed
$239,900
+95.04%

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

$62,047
Asking price
$227,500
Closing costs (~8% of asking)
-$18,200
Est. remaining loan balance
-$147,253
Cash to seller
$62,047

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

Seller’s Loan History

Lender

Amerisave Mortgage Corp

Loan start date

February 2023

Original loan amount

$150,590

Est. remaining balance

$147,253

Interest rate

6.48%

Loan type

FHA, 30 year

Seller

James E Cole

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: 02/22/2025 at 2:55 PM

Listing updated: 02/14/2025 at 5:54 PM

Listed by: Mark Flinchbaugh, RE/MAX Patriots Phone #: (717) 840-4848

MLS: Bright #PABK2052626

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