405 CARSONIA AVE
Sheriff sale Berks County Sheriff sale portal · checked Aug 28, 2026
Sale dateOct 9, 2026Case #25-01726PlaintiffUS BANK TRUST NATIONAL ASSOCIATION, AS TRUSTEE OF IGLOO SERIES V TRUSTDefendantMILLER, NICOLEAttorneyFRIEDMAN VARTOLO LLP · 212-471-5100Judgment$162,491Opening bid$1Parcel23531608992707Sourcecounty listing ↗
AVM value$89,000
RealEstateAPI estimate, Aug 21, 2026 — not an appraisal
Judgment$162,491
county filing
Opening bid / upset$1
Bid4Assets (cost-only starting bid) — costs-only start; plaintiff can credit-bid to judgment
Title position1st? Likely senior
model from REAPI mortgage records — not a title search
Rehab (modeled)$68,000
model: heavy tier · $55/sqft × 1,240 sqft — no inspection; range $48,000–$95,000
Potential profit$-148,611
model — breakdown below
Title position (model): Foreclosing lien appears to be the senior mortgage (Broker Solutions Inc, recorded First) (matched by judgment-to-loan amount only — plaintiff name doesn't match, likely an assignment). 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 | $89,000 |
| Purchase basis (judgment) | county filing — actual price is set by bidding and can exceed this | − $162,491 |
| Rehab (heavy tier) | model: $55/sqft × 1,240 sqft, no inspection | − $68,000 |
| Selling & holding | model: 8% of AVM value | − $7,120 |
| Potential profit | screening estimate — not underwriting | $-148,611 |
Valuation RealEstateAPI · Aug 21, 2026
AVM value (estimate)$89,000Est. open loans$162,011Owner equity$0Assessed value$75,500County market value$75,500Annual taxes$1,679
Property RealEstateAPI (county assessor data)
TypeSingle Family ResidenceBeds3Baths1Living area1,240 sqftLot3,920 sqftYear built1920ConditionAverage
Ownership RealEstateAPI (deed/assessor records)
OwnerNicole MillerOwner occupiedYesVacantNoYears owned4.8Last saleNov 19, 2021 · $165,000Distress 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 | Nov 19, 2021 | Broker Solutions Inc | $162,011 | Fha |
Mortgage history RealEstateAPI recorded-mortgage data
| Date | Lender | Amount | Type |
|---|---|---|---|
| Nov 19, 2021 | Broker Solutions Inc | $162,011 | Fha |
| Jul 7, 2022 | Mortgage Electronic Registration Systems Inc ("Mers") As Mortgagee As Nominee For Broker Solutions Inc D/B/A New American Funding Its Successors And Assigns | $162,011 | — |
| Jul 3, 2014 | Mortgage America Inc | $133,600 | Conventional |
| Aug 1, 2006 | National City Bank | $35,000 | Open End Mortgage / Open End with Future Advance Clause |
| Jul 21, 2006 | Mortgage America Inc | $144,000 | Conventional |
Sale history RealEstateAPI deed records
| Date | Amount | Buyer | Seller |
|---|---|---|---|
| Nov 19, 2021 | $165,000 | Nicole Miller | Nicholas R Gatto |
| Dec 2, 2020 | $0 | Nicholas R Gatto | Nicholas R Gatto, Margaret A Gatto |