4 Beds   2 Baths   1,985 Sq. Ft.

2824 15th Ave Nw, Rochester, MN 55901


This Preforeclosure is located at 15th Ave Nw, Rochester, MN 55901. It has 4 Beds, 2 Baths , 1,985 sqft of living space. This property is currently in auction.
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Status: Inactive
Listing ID: 56643875

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Property Information

  • Bedrooms: 4
  • Bathrooms: 2
  • Living Area Size: 1,985
  • Year Built: 1975
  • Source ID: 21253893
  • Day(s) On Site: 360
  • Subdivision: CRESCENT PARK 4TH
  • Parcel Number:
  • Plaintiff: THINK MUTUAL BANK
  • Defendant Name: KALVIN PAYTON
  • Trustee Address: 7616 CURRELL BLVD STE 200
  • Trustee City: WOODBURY
  • Trustee State: MN
  • Trustee Zip: 55125
  • Trustee Phone: (651) 209-3300
  • Trustee Reference Number: 044242F01
  • Deed Category: NFS

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Public Records

  • Bedrooms: 4
  • Baths: 2
  • Full Baths: 2
  • Rooms: 8
  • No. of Stories: 1
  • Basement Sqft: 719
  • Parking Sqft: 452
  • Exterior Wall Type: METAL
  • Heating Type: FORCED AIR
  • Roof Material: ASPHALT
  • Roof Type: GABLE
  • Land Area Sqft: 6,052
  • Effective Year Built: 1975
  • Year Built: 1965
  • APN:
  • Property Type: Single Family Residence
  • Township: ROCHESTER CITY
  • Front Footage: 68
  • Depth Footage: 89
  • Living Sqft: 1,985
  • Basement Finish Type: FINISHED
  • Subdivision: CRESCENT PARK 4TH


Often, the preforeclosure period is the best time to purchase a property. The process begins when a lender first notifies a borrower that his or her loan payments are behind. If a borrower has no other means to bring the payments up to date, he or she is far better served to sell the property as soon as possible before it falls into foreclosure.

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.


Auction Information

  • Auction Date: 10-13-2021
  • Auction Time: 10:00 AM
  • Auction Address: 101 4TH ST
  • Auction City: ROCHESTER

    Loan Information

  • 1st Mortgage Date: 06-12-2017

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Listing History

Start Date End Date Listing Type Bank Name
10/13/21 05/03/22 Foreclosure
08/24/21 10/13/21 Preforeclosure Think Mutual Bank

15th Ave Nw
Rochester, MN 55901

4 Beds   2 Baths   1,985 sq. ft.


Status: Inactive Listing ID: 56643875

Property Information

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Public Records

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Property Description

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