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$380,000

Beds
4
Baths
2.0
sq ft
2,212

316 Spring Valley Rd, Reading, PA 19605

316 Spring Valley Rd

READING, PA 19605

  • 1 day on market
Welcome to 316 Spring Valley Rd! This spacious property is nestled in the hill across from Bernhart Reservoir and offers spectacular views and sits on over an acre of land. The home has four bedrooms and two full baths, large open living room with a wood burning stone fireplace and hardwood floors leading into the dining room and updated kitchen. The lower level primary bedroom suite leads right out to the stone patio that is great for large gatherings. The yard is huge with so many gardening possibilities. There are two garages: one attached and one detached. Rural living doesn't always offer public sewer, but this does. Newer Central A/C keeps this home comfy year round. Close to Rt 12 for an easy commute to schools, shopping and restaurants. Schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$312,381

Lot size

1.09 acres

Price per sq ft

$172

Year built

1959

HOA

No

Price History

11/14/2024
Bright

Bright #PABK2051088

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

Bright #PABK375996

Sold
$261,564
+31.44%
08/01/2018
Bright

Bright #1001874608

Sold
$199,000
+11.73%

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

$150,582
Asking price
$380,000
Closing costs (~8% of asking)
-$30,400
Est. remaining loan balance
-$199,018
Cash to seller
$150,582

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

$199,018

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: 11/14/2024 at 8:30 PM

Listing updated: 11/14/2024 at 5:24 PM

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

MLS: Bright #PABK2051088

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