540 RIDGE AVE
Sheriff sale Chester County sheriff sales on Bid4Assets · checked Aug 28, 2026
Sale dateSep 17, 2026Case #26-3-53 / 2025-08189-SSHPlaintiffM&T BANKDefendantWRIGHT III, JAMES E. et alAttorneyLINN, GERALDINE MJudgment$241,600Sourcecounty listing ↗
AVM value$483,000
RealEstateAPI estimate, Aug 21, 2026 — not an appraisal
Judgment$241,600
county filing
Opening bid / upset—
not published yet — most counties post near/on sale day
Title position1st? Likely senior
model from REAPI mortgage records — not a title search
Rehab (modeled)$60,000
model: medium tier · $35/sqft × 1,724 sqft — no inspection; range $42,000–$84,000
Potential profit$142,760
model — breakdown below
Title position (model): Foreclosing lien appears to be the senior mortgage (Philadelphia Mortgage Advisors 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 | $483,000 |
| Purchase basis (judgment) | county filing — actual price is set by bidding and can exceed this | − $241,600 |
| Rehab (medium tier) | model: $35/sqft × 1,724 sqft, no inspection | − $60,000 |
| Selling & holding | model: 8% of AVM value | − $38,640 |
| Potential profit | screening estimate — not underwriting | $142,760 |
Valuation RealEstateAPI · Aug 21, 2026
AVM value (estimate)$483,000Est. open loans$235,653Owner equity$252,295Assessed value$111,590County market value$111,590Annual taxes$6,151
Property RealEstateAPI (county assessor data)
TypeSingle Family ResidenceBeds3Baths2Living area1,724 sqftLot15,996 sqftYear built1987
Ownership RealEstateAPI (deed/assessor records)
OwnerJames Wright Iii & Ashley WrightOwner occupiedYesVacantNoYears owned12.1Last saleJun 30, 2014 · $240,000Distress flagsNone reported
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 | Jun 30, 2014 | Philadelphia Mortgage Advisors Inc | $235,653 | Fha |
| Second | Apr 4, 2023 | M & T Bank | $51,216 | Fha |
| Third | Mar 20, 2024 | M & T Bank | $11,197 | Fha |
Mortgage history RealEstateAPI recorded-mortgage data
| Date | Lender | Amount | Type |
|---|---|---|---|
| Mar 20, 2024 | M & T Bank | $11,197 | Fha |
| Apr 4, 2023 | M & T Bank | $51,216 | Fha |
| Jun 30, 2014 | Philadelphia Mortgage Advisors Inc | $235,653 | Fha |
| Aug 10, 2016 | Mers, Inc., As Nominee For Philadelphia Mortgage Advisors, Incorporated, Its Successors And Assigns | $235,653 | — |
| Mar 23, 2012 | Jpmorgan Chase Bank Na | $103,369 | Conventional |
Sale history RealEstateAPI deed records
| Date | Amount | Buyer | Seller |
|---|---|---|---|
| Jun 30, 2014 | $240,000 | James E Wright Iii, Ashley S Wright | Laura A Duff, Laura A Sabold |
| Nov 5, 2012 | $0 | Laura A Duff | Laura A Duff, Laura S Duff |
| Feb 20, 2012 | $0 | Laura S Duff | Robert C Duff Jr, Laura S Duff |