427 LEE AVE
Sheriff sale Chester County sheriff sales on Bid4Assets · checked Aug 28, 2026
Sale dateNov 19, 2026Case #26-3-60 / 2025-05861-SSHPlaintiffMORTGAGE ASSETS MANAGEMENT, LLCDefendantWADSWORTH, KATHLEEN M.AttorneyKELLY, STEVENJudgment$260,379Sourcecounty listing ↗
AVM value$374,000
RealEstateAPI estimate, Aug 21, 2026 — not an appraisal
Judgment$260,379
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)$55,000
model: medium tier · $35/sqft × 1,568 sqft — no inspection; range $39,000–$77,000
Potential profit$28,701
model — breakdown below
Title position (model): Foreclosing lien appears to be the senior mortgage (Generation Mortgage Co, 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 | $374,000 |
| Purchase basis (judgment) | county filing — actual price is set by bidding and can exceed this | − $260,379 |
| Rehab (medium tier) | model: $35/sqft × 1,568 sqft, no inspection | − $55,000 |
| Selling & holding | model: 8% of AVM value | − $29,920 |
| Potential profit | screening estimate — not underwriting | $28,701 |
Valuation RealEstateAPI · Aug 21, 2026
AVM value (estimate)$374,000Est. open loans$262,500Owner equity$195,830Assessed value$112,560County market value$112,560Annual taxes$4,620
Property RealEstateAPI (county assessor data)
TypeSingle Family ResidenceBeds2Baths2Living area1,568 sqftLot26,517 sqftYear built1959
Ownership RealEstateAPI (deed/assessor records)
OwnerElmer Wadsworth Jr & Kathleen WadsworthOwner 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 | Sep 11, 2012 | Generation Mortgage Co | $262,500 | Reverse Mortgage / Hecm |
Mortgage history RealEstateAPI recorded-mortgage data
| Date | Lender | Amount | Type |
|---|---|---|---|
| Sep 11, 2012 | Generation Mortgage Co | $262,500 | Reverse Mortgage / Hecm |