475 2ND STREET
Sheriff sale Dauphin County Sheriff portal · checked Sep 21, 2026
Sale dateJan 14, 2027Case #2026-CV-06829 (23)PlaintiffGILLESPIE, MICHAEL L.DefendantALDAZ, DAVIDAttorneyMETTE, EVANS & WOODSIDE · 717-232-5000Judgment$81,644Parcel30-027-020Sourcecounty listing ↗
AVM value$105,800
RealEstateAPI estimate, Sep 18, 2026 — not an appraisal
Judgment$81,644
county filing
Opening bid / upset—
not published yet — most counties post near/on sale day
Title positionJR Junior lien · high confidence
model from REAPI mortgage records — not a title search · ~$324,000 senior debt may survive
Rehab (modeled)$264,000
model: heavy tier · $55/sqft × 4,800 sqft — no inspection; range $185,000–$370,000
Potential profit$-572,308
model — breakdown below
Title position (model): Foreclosing lien appears junior (Michael L Gillespie); ~$324,000 of senior mortgage debt (original amounts) likely survives the sale.
Confidence basis: plaintiff name matches a junior-position mortgage with senior debt recorded ahead of it.
Inputs: the open-mortgage records shown below.
How the profit estimate is computed methodology
| Line | Source | Amount |
|---|---|---|
| AVM value | RealEstateAPI, fetched Sep 18, 2026 | $105,800 |
| Purchase basis (judgment) | county filing — actual price is set by bidding and can exceed this | − $81,644 |
| Rehab (heavy tier) | model: $55/sqft × 4,800 sqft, no inspection | − $264,000 |
| Selling & holding | model: 8% of AVM value | − $8,464 |
| Senior debt that may survive | title model (original amounts, not payoffs) | − $324,000 |
| Potential profit | screening estimate — not underwriting | $-572,308 |
Valuation RealEstateAPI · Sep 18, 2026
AVM value (estimate)$105,800Est. open loans$324,000Owner equity$0Assessed value$105,800County market value$105,800Annual taxes$6,239
Property RealEstateAPI (county assessor data)
TypeApartments (Generic)Beds6Baths1Living area4,800 sqftLot1,307 sqftYear built1903
Ownership RealEstateAPI (deed/assessor records)
OwnerVal De Vie Estate Invesment LlcOwner occupiedNoVacantNoYears owned2.2Last saleJun 25, 2024 · $220,000Distress 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 | Jun 17, 2025 | Loan Funding Group Ii Llc | $324,000 | Commercial |
| Second | Jun 27, 2024 | Michael L Gillespie | $77,000 | Building Or Construction Loan |
Mortgage history RealEstateAPI recorded-mortgage data
| Date | Lender | Amount | Type |
|---|---|---|---|
| Jun 27, 2024 | Michael L Gillespie | $77,000 | Building Or Construction Loan |
| Jun 17, 2025 | Loan Funding Group Ii Llc | $324,000 | Commercial |
| Jan 2, 2008 | Sovereign Bank | $140,000 | Unknown |
Sale history RealEstateAPI deed records
| Date | Amount | Buyer | Seller |
|---|---|---|---|
| Jun 25, 2024 | $220,000 | Val De Vie Estate Investment Llc | Michael L Gillespie, Heather Ann Gillespie |
| Feb 16, 2007 | $126,000 | Michael L Gillespie | Kbh Properties Llc |
| Dec 26, 2006 | $93,000 | Kbh Ptoperties Llc | Security Investors |
| Dec 12, 2006 | $126,000 | Michael L Gillespie | Kbh Properties Inc |