389 Brooklyn St

Sharon, Pennsylvania, 16146

Tax DeedpendingSells Oct 20, 2026 · in 11 days

View on map ↗

SqFt: 0
Lot Size: 5,048
APN: 2 N 24

Property Type: Other
Distressed: No
Vacant: Yes
Owner Type: Company
Owner Status: Absentee (Out of State)
Length of Ownership: 4 Years
Purchase Method: Cash Purchase
County: Mercer

Value

Estimated Value: $52,000
County Market Value: $7,500; 2026
Assessed Value: $7,500; 2026

Mortgage & Debt

Open Mortgages: 1
Estimated Balance: $24,725
Lien Flags: None recorded; RealEstateAPI flags · not a lien search

Last Sale

Public Record: $20,000; 07/04/2022
Document Type: Deed

Opportunity

Opening Bid: $5,393
Bid / Value: 10%; of $52,000
Property Tax 2026: $1,093; annual bill · not the amount owed
Equity (est.): $29,251; 56%

Opening bid

$5,393

Assessed value

$7,500

Land $1,200Improvement $6,300

Market / AVM

$52,000

Property tax 2026

$1,093

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 10/5/2026

Ownership Information

Owner 1 Name: Reignbrook Llc
Mailing Address: 14629 Sw 104th St # 322, Miami, FL 33186
Owner Type: Company
Corporate Owned: Yes

Property Characteristics

Basement: No Basement
Number of Stories: 2

Deal analysis

Recorded	Position	Amount	Type	Lender	Term	Maturity	Doc #
10/07/2022	First	$24,725	Unknown	Clifford Wener	0	07/15/2023	2022-00009726

Recorded	Position	Amount	Type	Lender	Term	Maturity	Doc #	Open
10/07/2022	First	$24,725	Unknown	Clifford Wener	0	07/15/2023	2022-00009726	Yes
04/13/2021		$15,000		Chase Manhattan Bank Usa Na				No

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
07/04/2022	10/07/2022	$20,000	Deed	2022-00009725	Yes	Cash Purchase	Reignbrook Llc	Johanna R Kovach

Your maximum bid

$28,272

Walk away above this. Projected profit at the ceiling: $15,600 (30% of ARV).

Opening bid $5,393

Room to bid $22,879

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

History-guided suggestion

$13,414

Under max by $14,858

≤ 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 $52,000. 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: $52,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$4,160
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 ~$78/month.: −$468
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): −$15,600
Maximum bid: $28,272

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.

389 Brooklyn St

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

389 Brooklyn St

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

Land/Location Information

Legal Description

Tax Assessment Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

First Mortgage Information

Distress Flags

Area

Fair Market Rents

Tax Assessment Information

Open Mortgages

Mortgage History

Sale History

County records

Mercer County rules

Historical comps

Verify before you bid