2533 CHESTNUT TREE ROAD
Sheriff sale Chester County sheriff sales on Bid4Assets · checked Aug 28, 2026
Sale dateNov 19, 2026Case #26-5-106 / 2024-01650-SSHPlaintiffMORTGAGE ASSETS MANAGEMENT, LLCDefendantLAMMEY, PATRICIAAttorneyFALLINGS, MATTHEWJudgment$370,145Sourcecounty listing ↗
AVM value$535,000
RealEstateAPI estimate, Aug 21, 2026 — not an appraisal
Judgment$370,145
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)$73,000
model: medium tier · $35/sqft × 2,076 sqft — no inspection; range $51,000–$102,000
Potential profit$49,055
model — breakdown below
Title position (model): Foreclosing lien appears to be the senior mortgage (M & T Bank, 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 | $535,000 |
| Purchase basis (judgment) | county filing — actual price is set by bidding and can exceed this | − $370,145 |
| Rehab (medium tier) | model: $35/sqft × 2,076 sqft, no inspection | − $73,000 |
| Selling & holding | model: 8% of AVM value | − $42,800 |
| Potential profit | screening estimate — not underwriting | $49,055 |
Valuation RealEstateAPI · Aug 21, 2026
AVM value (estimate)$535,000Est. open loans$438,000Owner equity$310,472Assessed value$138,650County market value$138,650Annual taxes$5,409
Property RealEstateAPI (county assessor data)
TypeSingle Family ResidenceBeds3Baths2Living area2,076 sqftLot60,984 sqftYear built1973
Ownership RealEstateAPI (deed/assessor records)
OwnerRichard Lammey & Patricia LammeyOwner occupiedYesVacantNoDistress 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 | Jan 21, 2009 | M & T Bank | $438,000 | Credit Line (Revolving) / Heloc |
Mortgage history RealEstateAPI recorded-mortgage data
| Date | Lender | Amount | Type |
|---|---|---|---|
| Jan 21, 2009 | M & T Bank | $438,000 | Credit Line (Revolving) / Heloc |
| Nov 9, 2006 | Wells Fargo Financial Pennsylvania Inc | $66,040 | Unknown |