515 Lorain St

Sharon, Pennsylvania, 16146

Tax DeedpendingSells Oct 20, 2026 · in 11 days

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SqFt: 0
Lot Size: 5,796
APN: 3 O 39

Property Type: Land
Distressed: No
Vacant: No
Owner Type: Individual
Owner Status: Absentee (In State)
Length of Ownership: 3 Years 1 Month
Purchase Method: Cash Purchase
County: Mercer

Value

Estimated Value: $45,000
County Market Value: $900; 2026
Assessed Value: $900; 2026

Mortgage & Debt

Open Mortgages: 0
Estimated Balance: $0
Lien Flags: None recorded; RealEstateAPI flags · not a lien search

Last Sale

Public Record: $6,291; 06/14/2023
Document Type: Deed

Opportunity

Opening Bid: $696
Bid / Value: 2%; of $45,000
Property Tax 2026: $131; annual bill · not the amount owed
Equity (est.): $45,000; 100%
Linked Properties: 2

Opening bid

$696

Assessed value

$900

Land $900Improvement $0

Market / AVM

$45,000

Property tax 2026

$131

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 10/5/2026

Ownership Information

Owner 1 Name: William M Rigby
Mailing Address: 525 Lorain St, Sharon, PA 16146
Owner Type: Individual
Corporate Owned: No

Land/Location Information

APN: 3 O 39
Property Class: The general use for the property is for residential purposes

Deal analysis

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
06/14/2023	09/08/2023	$6,291	Deed	2023-00006879	Yes	Cash Purchase	William M Rigby	Redevelopment Authority Of City Of Sharo
09/07/2022	10/24/2022		Public Action	2022-00010287	Yes	Cash Purchase	Redevelopment Authority Of City Of Sharo	Mercer County Tax Claim Bureau, Patricia A Grzejka

Your maximum bid

$23,950

Walk away above this. Projected profit at the ceiling: $13,500 (30% of ARV).

Opening bid $696

Room to bid $23,254

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$9,039

Under max by $14,911

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

—

Median sold

—

p(redeem) prior

—

No historical bucket for PA|Tax Deed; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $45,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $45,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$3,600
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical PA range ($1,500–$5,000, ~4 months).: −$3,250
Deed recording and transferassumed Typical PA recording and deed issuance cost.: −$250
Holding costs (6 months)assumed Taxes, insurance, and securing the property at ~$75/month.: −$450
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$13,500
Maximum bid: $23,950

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. UPSET SALE vs JUDICIAL SALE is the single most important distinction in Pennsylvania and this row cannot express it. An upset sale (72 P.S. §§ 5860.601-609) conveys subject to existing mortgages, judgments and liens, which are NOT divested; a judicial sale (§§ 5860.610-612) is ordered free and clear. Establish which one a parcel is in before treating survivingLiens as zero.
Pennsylvania county assessments run against base years that can be decades stale, and the spread is extreme — Bucks assesses at about 5.6% of market and Schuylkill at 100%, an 18x range inside one state. The Common Level Ratio is a county MEDIAN published for realty transfer tax equalisation, not a per-parcel appraisal, so deriving ARV from it multiplies any error in that one parcel's assessment by the factor: in Bucks a $50,000 assessment derives an ARV near $893,000. Treat a derived ARV in a high-factor county as a research lead, not a valuation, and get comparable sales before bidding.
PA has 67 counties on a different assessment ratio (42001, 42003, 42005, 42007, 42009, 42011, 42013, 42015, 42017, 42019, 42021, 42023, 42025, 42027, 42029, 42031, 42033, 42035, 42037, 42039, 42041, 42043, 42045, 42047, 42049, 42051, 42053, 42055, 42057, 42059, 42061, 42063, 42065, 42067, 42069, 42071, 42073, 42075, 42077, 42079, 42081, 42083, 42085, 42087, 42089, 42091, 42093, 42095, 42097, 42099, 42101, 42103, 42105, 42107, 42109, 42111, 42113, 42115, 42117, 42119, 42121, 42123, 42125, 42127, 42129, 42131, 42133). No FIPS was supplied, so the statewide ratio was used — pass `fips` if this parcel is in one of them.

515 Lorain St

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Land/Location Information

515 Lorain St

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Land/Location Information

Legal Description

Tax Assessment Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

Distress Flags

Area

Fair Market Rents

Tax Assessment Information

Sale History

County records

Mercer County rules

Historical comps

Verify before you bid