$267,360 EMV

3 Beds   2 Baths   2,302 Sq. Ft.   Single-Family
Get the Preforeclosure Address

10th St
Windom, MN 56101

Overview

This Single-Family is located at 10th St, Windom, MN 56101. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time. It has 3 Beds, 2 Baths , 2,302 sqft of living space.
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Status: Inactive
Listing ID: 61575048
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Learn about 10th St in Windom, MN

This single-family property is available as a preforeclosure at 10th St. It has 3 bedrooms, 2 bathrooms, and 2,302 square feet of living space. Based on our analysis of the current market conditions in Windom for 10th St and comparable listings, the estimated market value is $267,360. If purchased for rental purposes, the monthly rental rate could range between $1,201 and $1,620. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at 10th St are updated daily along with others in Windom, Minnesota.


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Property Information

  • Bedrooms: 3
  • Bathrooms: 2
  • Living Area Size: 2,302
  • Source ID: 22370814
  • Day(s) On Site: 65
  • Subdivision: CNTY AUD 05
  • Property Type: Single Family Dwelling
  • Trustee City: MENDOTA HEIGHTS
  • Trustee Name: HALLIDAY WATKINS AND MANN P C
  • Trustee Address: 1333 Northland Drive Suite 205
  • Trustee State: MN
  • Trustee Zip: 55120
  • Trustee Phone: (801) 355-2886
  • Trustee Reference Number: MN22224
  • Deed Category: NTS
  •  

Public Records

  • Bedrooms: 3
  • Baths: 2
  • Full Baths: 2
  • Rooms: 8
  • No. of Stories: 1
  • Basement Sqft: 540
  • Parking: GARAGE/CARPORT
  • Parking Sqft: 345
  • Air Conditioning: CENTRAL
  • Fireplaces: YES
  • Exterior Wall Type: HARDBOARD
  • Heating Type: FORCED AIR
  • Roof Material: ASBESTOS SHINGLE
  • Roof Type: HIP
  • Land Area Sqft: 13,068
  • APN: 25.165.0150-R
  • Property Type: Single Family Residence
  • Township: WINDOM
  • Front Footage: 99
  • Depth Footage: 132
  • Living Sqft: 2,302
  • Basement Finish Type: FINISHED
  • Garage: GARAGE/CARPORT
  • Subdivision: CNTY AUD 05

Community & Neighborhood

This property in Windom, MN is located in the Cnty Aud 05 Subdivision.


Preforeclosure

The property located at 10th St in Windom, MN is listed as a Preforeclosure

This listing located at 10th St in Windom, MN could be available as a Rent-to-Own listing as well, additional diligence will be required from the buyer to determine if this listing can be approved as a RTO.

Please take note that this property in Windom, Minnesota is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Windom, MN, commonly referred to as Pre-Foreclosure, indicating that the homeowner has missed at least one payment and is considered delinquent. However, instead of going through a potentially lengthy foreclosure process, which could take up to 18 months, the homeowner may be open to considering a Rent-to-Own option that covers their mortgage.

Since Pre-Foreclosure properties are not formally listed for sale, there is no asking price available. Instead, you’ll find either the original loan balance or an Estimated Market Value (EMV) provided. To make a reasonable offer for this home, it’s advisable to use either the loan balance or EMV amount in conjunction with local sale price comparables to determine an appropriate offer. Alternatively, the homeowner might be willing to work with you on a monthly amount that can help them avoid the foreclosure process.

You may also want to check with a real estate attorney or other legal authority to discuss the potential risks of executing a Rent-to-Own agreement with the current Pre-foreclosure owner. If the current owner in Windom, Minnesota doesn't make their mortgage payments, they could lose the property which would directly affect you and your Rent-to-Own agreement.

For this reason, many buyers find a real estate investor or investment company to buy a Pre-Foreclosure property from the current owner. The investor/investment company could then offer you a Rent-to-Own agreement on that property that you worked out with them in advance, which could stabilize the investment and prevent complications.

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Auction Information

  • Auction Date: 04-11-2024
  • Auction Time: 10:00 AM

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Rental Value

The estimated rental value for 10th St located in Windom, MN is $1,410/month. Comparable homes around 10th St that are rentals have monthly ranges starting as low as $1,201 per month and as high as $1,620 per month. An owner looking to use this property as an investment could bring a return in the area of $1,201 - $1,620 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
03/13/24 04/03/24 Preforeclosure

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Homes On This Street
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10th St
Windom, MN 56101

3 Beds   2 Baths   2,302 sq. ft.   Single-Family

$267,360 EMV

Status: Inactive Listing ID: 61575048

Property Information

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Public Records

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Property Description

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Listing URL

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