500 N 3RD STREET
Sheriff sale Berks County Sheriff sale portal · checked Aug 28, 2026
Sale dateNov 6, 2026Case #21-03571PlaintiffREADING AREA WATER AUTHORITYDefendant500 NORTH 3RD STREET, LLCAttorneySTOCK ALFIERI LLC · 6103725588Judgment$6,897Opening bid$1Parcel06530766636311Sourcecounty listing ↗
AVM value$70,000
RealEstateAPI estimate, Aug 21, 2026 — not an appraisal
Judgment$6,897
county filing
Opening bid / upset$1
Bid4Assets (cost-only starting bid) — costs-only start; plaintiff can credit-bid to judgment
Title positionTAX Tax/municipal claim
model from REAPI mortgage records — not a title search
Rehab (modeled)$6,919,000
model: heavy tier · $55/sqft × 125,796 sqft — no inspection; range $4,843,000–$9,687,000
Potential profit$-6,861,497
model — breakdown below
Title position (model): Municipal/tax claim; no open mortgages on record. Inputs: the open-mortgage records shown below.
How the profit estimate is computed methodology
| Line | Source | Amount |
|---|---|---|
| AVM value | RealEstateAPI, fetched Aug 21, 2026 | $70,000 |
| Purchase basis (judgment) | county filing — actual price is set by bidding and can exceed this | − $6,897 |
| Rehab (heavy tier) | model: $55/sqft × 125,796 sqft, no inspection | − $6,919,000 |
| Selling & holding | model: 8% of AVM value | − $5,600 |
| Potential profit | screening estimate — not underwriting | $-6,861,497 |
Valuation RealEstateAPI · Aug 21, 2026
AVM value (estimate)$70,000Est. open loans$0Owner equity$70,000Assessed value$70,000County market value$70,000Annual taxes$1,976
Property RealEstateAPI (county assessor data)
TypeWarehouse, StorageBeds0Living area125,796 sqftLot47,045 sqftYear built1900
Ownership RealEstateAPI (deed/assessor records)
Owner500 N 3rd St LlcOwner occupiedNoVacantYesYears owned9.6Last saleJan 9, 2017 · $110,000Distress flagsmlsActive
Flags come from RealEstateAPI's nationwide database and can miss county-level (Prothonotary) filings — treat "none" as "none reported", not clear title.
Mortgage history RealEstateAPI recorded-mortgage data
| Date | Lender | Amount | Type |
|---|---|---|---|
| Apr 27, 2011 | Wells Fargo Bank Na | $200,000 | Open End Mortgage / Open End with Future Advance Clause |
| Apr 27, 2011 | Wells Fargo Bank Na | $200,000 | Open End Mortgage / Open End with Future Advance Clause |
Sale history RealEstateAPI deed records
| Date | Amount | Buyer | Seller |
|---|---|---|---|
| Jan 9, 2017 | $110,000 | 500 N 3rd St Llc | Bowen Construction And Real Estate Compa |
| Jun 3, 2013 | $50,000 | Bowen Construction & Real Estates Compan | Steven G Seyfert, Cindy S Greenwod |