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$370,000

Beds
4
Baths
2.0
sq ft
2,212

316 Spring Valley Rd, Reading, PA 19605

316 Spring Valley Rd

READING, PA 19605

  • 100 days on market
    • Price drop $10,000↓
Welcome to 316 Spring Valley Rd – A Serene Retreat with Stunning Views! Nestled on over an acre of land, this spacious four-bedroom, two-bathroom home offers a perfect blend of comfort, charm, and natural beauty. Located just across from Bernhart Reservoir, enjoy breathtaking views and peaceful surroundings all year long. Step inside to an expansive open-concept living area, where a striking stone fireplace sets the tone for cozy evenings. Gleaming hardwood floors flow into the dining area and fully updated kitchen, making this an ideal space for family gatherings and entertaining guests. The lower level features a private primary bedroom suite with direct access to a stone patio—perfect for outdoor entertaining or peaceful relaxation. With a large, flat yard, there are endless possibilities for gardening, outdoor activities, or creating your dream landscape. For added convenience, this property includes two garages—one attached and one detached—offering plenty of storage or workshop space. Rural living is made easy with public sewer access and modern amenities, including newer central A/C, keeping the home comfortable year-round. Located just moments from Rt 12, this home provides easy access to schools, shopping, and dining while maintaining a serene rural lifestyle. Don’t miss your chance to make this gorgeous property your new home. Schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$312,381

Lot size

1.09 acres

Price per sq ft

$168

Year built

1959

Annual property taxes

$6,155

HOA

No

Price History

01/14/2025
Bright

Bright #PABK2051088

Price change
$370,000
-2.63%
11/14/2024
Bright

Bright #PABK2051088

Listed
$380,000
+45.28%
06/11/2021
Bright

Bright #PABK375996

Sold
$261,564
+31.44%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

MUHLENBERG

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

$142,616
Asking price
$370,000
Closing costs (~8% of asking)
-$29,600
Est. remaining loan balance
-$197,784
Cash to seller
$142,616

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

Seller’s Loan History

Lender

Flagstar Bank Fsb

Loan start date

June 2021

Original loan amount

$215,000

Est. remaining balance

$197,784

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Benjamin M Ladew and Elizabeth S Ladew

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 2:50 PM

Listing updated: 02/03/2025 at 4:49 PM

Listed by: Lizeth Alanis, Iron Valley Real Estate of Berks Phone #: (484) 450-8771

MLS: Bright #PABK2051088

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