This home's estimate is 39.7% higher than the average sale price ($250K) of 6 comparable homes.
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1531 Mineral Spring Rd, Reading, PA 19602
About this home
Five-unit Mansion on Mineral Springs Road offers approximately 11 off-street parking spaces, large rooms with interesting historic features; building has separate gas heating systems for tenants, (owner pays electric, gas for hot water, water, sewer, and trash). It is in need of cosmetic renovations, and one of the units was formerly Owner Occupied and will need to be authorized by Reading Zoning to be officially counted as a fifth unit. The property includes . 67 acres with enough room in the back to consider building an additional multi-unit property. Property is being sold as-is. SDS on file and available for review. Interested parties will need to be approved by bank, which takes around 10 days. Bank approval required for all transactions, Conestoga Title company must be used for closing.
Redfin Estimate
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Market trends in 19602, PA
Last updated August 2026
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Sale history for 1531 Mineral Spring Rd
$16/sq ft
$23/sq ft
$26/sq ft
$26/sq ft





$16/sq ft
$23/sq ft
$229/sq ft
$52/sq ft
$21/sq ft
$21/sq ft
$27/sq ft
Tax history for 1531 Mineral Spring Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
- Public record
- Zoning
R-3
Residential District
The R-3 District allows the highest residential densities and permits multifamily apartments.Include but are not limited to:
- Housing-Single unit
- Housing-Multiple units
- Agriculture-Cropland
- Park & open space
Property details
Parking
- Parking Information
- # of Detached Garage Spaces: 1
- # of Total Garage and Parking Spaces: 9
- Has Garage
- # of Garage Spaces: 1
- # of Open Parking Spaces: 8
- Driveway, Parking Lot, Detached Garage
Interior
- Room Information
- Master Bedroom
- Basement Information
- Basement: Yes
- Full
- Multi Unit Information
- # of One Bedroom Units: 4
- # of Three Bedroom Units: 1
- Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
- Gross Income: $37,500
- Annual Gross Expense: $15,902
- Other Expense: 1500.00
Exterior
- Property Information
- Improvement Assessed Value: $95,400
- Insurance Expense: $1,200
- Ownership Interest: Fee Simple
- Property Condition: Fixer
- Year Built Source: Estimated
- Building Information
- Construction Not Completed
- Construction Materials: Brick
- Other Structures: Above Grade
- Structure Type: Detached
- Exterior Information
- Sidewalks, Street Lights
- Lot Information
- Lot Size Dimensions: 4,792 SQ. FT.
- Tidal Water: No
- Land Information
- Land Assessed Value: $51,300
- Above Grade Information
- Finished Sq.Ft.: 5,641
- Finished Sq.Ft. Source: Estimated
Financial
- Tax Information
- Tax Assessed Value: $146,700
- Tax Year: 2013
- Tax Annual Amount: $5,865
Utilities
- Utilities Information
- Electric Expense: $3,600
- Gas, Radiator
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Sewer Septic: Public Sewer
- Water Sewer Expense: $3,000
- Water Source: Public
Location
- Homeowners Association Information
- Maintenance Expense: $1,000
- School Information
- School District Name: READING
- Location Information
- Cross Street: CLYMER ST.
- Municipality: READING CITY
Public facts
- Beds: 5
- Baths: 5.0
- Sq. Ft.: 5,315
- Stories: 2.5
- Lot Size: 0.67 acres
- Style: Multi-Family (2-4 Unit)
- Year Built: 1899
- Year Renovated: —
- County: Berks County
- APN: 16531606393182
Around this home
Schools
Public PreK-4 • Assigned • 0.2mi
Public 5-8 • Assigned • 0.6mi
Public 9-12 • Assigned • 1.0mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 100° expected this year, 15 days in 30 years
16% chance of strong winds in next 30 years
1 unhealthy days expected this year, 4 days in 30 years
Sun exposure
In this area, properties receive around 9.1 hours in June and 4 hours in December, placing it below the U.S. average for solar exposure.
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Nearby similar homes
New listings for sale in 19602
Home values near 1531 Mineral Spring Rd
| Address | Redfin Estimate |
|---|---|
6 Beds | 1.5 Baths | 3431 Sq. Ft. | $345,751 |
7 Beds | 4 Baths | 5561 Sq. Ft. | $439,768 |
| Address | Redfin Estimate |
|---|---|
6 Beds | 3.5 Baths | 8060 Sq. Ft. | $891,740 |
4 Beds | 3 Baths | 2682 Sq. Ft. | $307,173 |
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | 10991 Sq. Ft. | $585,858 |
5 Beds | 1 Baths | 2902 Sq. Ft. | $229,061 |
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