29 LAKE ROAD
Sheriff sale Berks County Sheriff sale portal · checked Aug 28, 2026
Sale dateOct 9, 2026Case #24-03808PlaintiffBANK OF AMERICA, N.A.DefendantLEIBY, LEE P.AttorneyMCCABE, WEISBERG & CONWAY, P.C.Judgment$54,799Opening bid$1Parcel72541304800446Sourcecounty listing ↗
AVM value$285,000
RealEstateAPI estimate, Aug 21, 2026 — not an appraisal
Judgment$54,799
county filing
Opening bid / upset$1
Bid4Assets (cost-only starting bid) — costs-only start; plaintiff can credit-bid to judgment
Title position1st Senior lien
model from REAPI mortgage records — not a title search
Rehab (modeled)$77,000
model: heavy tier · $55/sqft × 1,404 sqft — no inspection; range $54,000–$108,000
Potential profit$130,401
model — breakdown below
Title position (model): Foreclosing lien appears to be the senior mortgage (Bank Of America Na, recorded First). Junior liens are typically divested; taxes/municipal claims can still prime. Inputs: the open-mortgage records shown below.
How the profit estimate is computed methodology
| Line | Source | Amount |
|---|---|---|
| AVM value | RealEstateAPI, fetched Aug 21, 2026 | $285,000 |
| Purchase basis (judgment) | county filing — actual price is set by bidding and can exceed this | − $54,799 |
| Rehab (heavy tier) | model: $55/sqft × 1,404 sqft, no inspection | − $77,000 |
| Selling & holding | model: 8% of AVM value | − $22,800 |
| Potential profit | screening estimate — not underwriting | $130,401 |
Valuation RealEstateAPI · Aug 21, 2026
AVM value (estimate)$285,000Est. open loans$26,500Owner equity$223,152Assessed value$65,300County market value$65,300Annual taxes$817
Property RealEstateAPI (county assessor data)
TypeSingle Family ResidenceBeds3Baths1Living area1,404 sqftLot15,682 sqftYear built1850ConditionAverage
Ownership RealEstateAPI (deed/assessor records)
OwnerLee LeibyOwner occupiedYesVacantNoYears owned14.3Last saleMay 11, 2012 · $0Distress flagspreForeclosure
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 | Feb 5, 2013 | Bank Of America Na | $53,500 | Credit Line (Revolving) / Heloc |
| Second | Apr 21, 2023 | Pennsylvania Housing Finance Agency | $26,500 | Open End Mortgage / Open End With Future Advance Clause |
Mortgage history RealEstateAPI recorded-mortgage data
| Date | Lender | Amount | Type |
|---|---|---|---|
| Apr 21, 2023 | Pennsylvania Housing Finance Agency | $26,500 | Open End Mortgage / Open End With Future Advance Clause |
| Feb 5, 2013 | Bank Of America Na | $53,500 | Credit Line (Revolving) / Heloc |
Sale history RealEstateAPI deed records
| Date | Amount | Buyer | Seller |
|---|---|---|---|
| May 11, 2012 | $0 | Lee P Leiby | Lee P Leiby, Estate Of Melvin G Leiby |