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    1501 Mineral Spg Rd Reading, PA 19602-2226
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    Property profile & analytics

    1501 Mineral Spg Rd, Reading, PA 19602-2226

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    • Assisted living facilities
    • 14,077 SF
    • 3.22 lot acres
    Off-Market
    Last Sale May 30, 2024
    $550,000
    Property ID
    US73-2908021
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Hawthorne-Reading / Social Service Agency / Charitable Organization

    Property Details for 1501 Mineral Spg Rd

    Year built
    1878
    Construction
    FRAME
    Lot size
    3.22 lot acres
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    5316-06-39-0292
    APU
    531606390292

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 30, 2024 $550,000 Yellow Smidgen LLC Fortis Housing Services LLC Deed —
    Apr 21, 2020 — Fortis Housing Services LLC — Deed · related $39.5M · Truist Bk
    May 14, 2019 $635,000 Fortis Housing Services LLC Kost Corp Special Warranty Deed $4M · First National Bank Of Pennsylvania
    — — Fortis Housing Services LLC — Deed Of Trust · related $39.5M · Truist Bk

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $550,000
      ML approach
      $550,000
    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $400,000
      Current use
      WAREHOUSE, STORAGE
      $695,000
      Change: +73% Conversion: Difficult
      RETAIL STORES
      $635,000
      Change: +58% Conversion: Difficult
      RESTAURANT
      $585,000
      Change: +45% Conversion: Difficult
      OFFICE BUILDING
      $575,000
      Change: +43% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9091
    Latitude
    40.3322
    CBSA code
    39740
    CBSA name
    READING, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $12,816
    $198,100
    $286,000
    $484,100
    -
    $198,100
    $286,000
    $484,100
    More about this property
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