420 LINCOLN DRIVE A/K/A 420 LINCOLN DR
Sheriff sale Berks County Sheriff sale portal · checked Aug 28, 2026
Sale dateOct 9, 2026Case #25-17047PlaintiffTOWD POINT MORTGAGE TRUST 2016-1, U.S. BANK NATIONAL ASSOCIATION AS INDENTURE TRUSTEEDefendantSPEARS, ANGELENA EAttorneySTERN & EISENBERG PC · 215-572-8111Judgment$209,878Opening bid$1Parcel90436611658069Sourcecounty listing ↗
AVM value$389,000
RealEstateAPI estimate, Aug 21, 2026 — not an appraisal
Judgment$209,878
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)$78,000
model: medium tier · $35/sqft × 2,225 sqft — no inspection; range $55,000–$109,000
Potential profit$70,002
model — breakdown below
Title position (model): No open mortgages in REAPI records — the foreclosing judgment appears to be the senior encumbrance (unrecorded/missing liens possible). Inputs: the open-mortgage records shown below.
How the profit estimate is computed methodology
| Line | Source | Amount |
|---|---|---|
| AVM value | RealEstateAPI, fetched Aug 21, 2026 | $389,000 |
| Purchase basis (judgment) | county filing — actual price is set by bidding and can exceed this | − $209,878 |
| Rehab (medium tier) | model: $35/sqft × 2,225 sqft, no inspection | − $78,000 |
| Selling & holding | model: 8% of AVM value | − $31,120 |
| Potential profit | screening estimate — not underwriting | $70,002 |
Valuation RealEstateAPI · Aug 21, 2026
AVM value (estimate)$389,000Est. open loans$0Owner equity$389,000Assessed value$142,800County market value$142,800Annual taxes$2,324
Property RealEstateAPI (county assessor data)
TypeSingle Family ResidenceBeds4Baths3Living area2,225 sqftLot7,405 sqftYear built1992ConditionGood
Ownership RealEstateAPI (deed/assessor records)
OwnerCharles Spears & Angelena SpearsOwner 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.
Mortgage history RealEstateAPI recorded-mortgage data
| Date | Lender | Amount | Type |
|---|---|---|---|
| Aug 25, 2025 | Beneficial Consumer Discount Company D/B/A Beneficial Mortgage Co Of Pennsylvania | $148,972 | — |
| Jul 28, 2016 | Beneficial Consumer Discount Company D/B/A | $148,972 | — |
| Oct 18, 2006 | Beneficial Consumer Discount Company | $66,050 | Unknown |
| Jun 23, 2006 | American General Financial Services Inc | $20,000 | Credit Line (Revolving) / HELOC |