905 BUTTONWOOD ST
Sheriff sale Berks County Sheriff sale portal · checked Aug 28, 2026
Sale dateOct 9, 2026Case #26-03612PlaintiffWILMINGTON SAVINGS FUND SOCIETY, FSB, NOT IN ITS INDIVIDUAL CAPACITY UT SOLELY AS TRUSTEE FOR MFA 2024-NQMI TRUSTDefendantMERCEDES DEVELOPMENT LLCAttorneyFRIEDMAN VARTOLO LLP · 2124715100Judgment$275,250Opening bid$1Parcel11531761021505Sourcecounty listing ↗
AVM value$302,000
RealEstateAPI estimate, Aug 21, 2026 — not an appraisal
Judgment$275,250
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)$124,000
model: heavy tier · $55/sqft × 2,252 sqft — no inspection; range $87,000–$174,000
Potential profit$-121,410
model — breakdown below
Title position (model): Foreclosing lien appears to be the senior mortgage (Citadel Servicing Corporation, 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 | $302,000 |
| Purchase basis (judgment) | county filing — actual price is set by bidding and can exceed this | − $275,250 |
| Rehab (heavy tier) | model: $55/sqft × 2,252 sqft, no inspection | − $124,000 |
| Selling & holding | model: 8% of AVM value | − $24,160 |
| Potential profit | screening estimate — not underwriting | $-121,410 |
Valuation RealEstateAPI · Aug 21, 2026
AVM value (estimate)$302,000Est. open loans$255,000Owner equity$59,385Assessed value$31,900County market value$31,900Annual taxes$901
Property RealEstateAPI (county assessor data)
TypeMulti-Family Dwellings (Generic, Any Combination)Beds6Baths3Living area2,252 sqftLot2,178 sqftYear built1895ConditionFair
Ownership RealEstateAPI (deed/assessor records)
OwnerMercedes Development LlcOwner occupiedNoVacantNoYears owned5.5Last saleFeb 19, 2021 · $117,000Distress 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 | Dec 4, 2023 | Citadel Servicing Corporation | $255,000 | Commercial |
Mortgage history RealEstateAPI recorded-mortgage data
| Date | Lender | Amount | Type |
|---|---|---|---|
| Dec 4, 2023 | Citadel Servicing Corporation | $255,000 | Commercial |
| Oct 6, 2021 | Sun Fcu | $116,000 | Conventional |
| Feb 27, 2007 | First Honzon Home Loan Corporation | $52,000 | — |
Sale history RealEstateAPI deed records
| Date | Amount | Buyer | Seller |
|---|---|---|---|
| Feb 19, 2021 | $117,000 | Mercedes Development Llc | T E H Realty 55 Llc |
| Jun 18, 2013 | $13,900 | Teh Realty 55 Llc | Us Bank Na, Bank Of America Na |
| Mar 25, 2013 | $2,600 | Us Bank Na | Juan Beltre |
| Jun 11, 2002 | $25,000 | Jefferson Ortiz | Richard M Bauman, Addamenia M Bauman |