114 EAST LINCOLN AVENUE
Sheriff sale Lancaster County Sheriff sale listings · checked Aug 28, 2026
Sale dateSep 30, 2026Case #CI-24-02599PlaintiffU.S. BANK TRUST NATIONAL ASSOCIATION AS TRUSTEE OF THE CABANA SERIES III TRUSTDefendantGERHART, EARL H.AttorneyFRIEDMAN VARTOLO LLP · 212.471.5100Judgment$60,691Opening bid$60,691Parcel370-57766-0-0000Sourcecounty listing ↗
AVM value$322,000
RealEstateAPI estimate, Aug 21, 2026 — not an appraisal
Judgment$60,691
county filing
Opening bid / upset$60,691
lancaster.pa.realforeclose.com
Title positionJR Junior lien
model from REAPI mortgage records — not a title search · ~$10,500 senior debt may survive
Rehab (modeled)$83,000
model: heavy tier · $55/sqft × 1,512 sqft — no inspection; range $58,000–$116,000
Potential profit$142,049
model — breakdown below
Title position (model): Foreclosing lien appears junior (Pennsylania Housing Finance Agency) (matched by judgment-to-loan amount only — plaintiff name doesn't match, likely an assignment); ~$10,500 of senior mortgage debt (original amounts) likely survives the sale. Inputs: the open-mortgage records shown below.
How the profit estimate is computed methodology
| Line | Source | Amount |
|---|---|---|
| AVM value | RealEstateAPI, fetched Aug 21, 2026 | $322,000 |
| Purchase basis (opening bid) | lancaster.pa.realforeclose.com | − $60,691 |
| Rehab (heavy tier) | model: $55/sqft × 1,512 sqft, no inspection | − $83,000 |
| Selling & holding | model: 8% of AVM value | − $25,760 |
| Senior debt that may survive | title model (original amounts, not payoffs) | − $10,500 |
| Potential profit | screening estimate — not underwriting | $142,049 |
Valuation RealEstateAPI · Aug 21, 2026
AVM value (estimate)$322,000Est. open loans$31,500Owner equity$302,131Assessed value$163,300County market value$163,300Annual taxes$3,782
Property RealEstateAPI (county assessor data)
TypeDuplex (2 Units, Any Combination)Beds4Baths2Living area1,512 sqftLot10,890 sqftYear built1910
Ownership RealEstateAPI (deed/assessor records)
OwnerEarl Gerhart & Nancy GerhartOwner occupiedYesVacantNoDistress flagsauction
Flags come from RealEstateAPI's nationwide database and can miss county-level (Prothonotary) filings — treat "none" as "none reported", not clear title.
Open mortgages RealEstateAPI recorded-mortgage data — original amounts, not payoff balances
| Position | Date | Lender | Original amount | Type |
|---|---|---|---|---|
| First | Jan 17, 2006 | American General Financial Services Inc | $10,500 | Credit Line (Revolving) / Heloc |
| Second | Nov 14, 2006 | Pennsylania Housing Finance Agency | $31,500 | Unknown |
Mortgage history RealEstateAPI recorded-mortgage data
| Date | Lender | Amount | Type |
|---|---|---|---|
| Nov 14, 2006 | Pennsylania Housing Finance Agency | $31,500 | Unknown |
| Jan 17, 2006 | American General Financial Services Inc | $10,500 | Credit Line (Revolving) / Heloc |