$269,271 EMV

3 Beds   1 Bath   972 Sq. Ft.
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4th Ave Nw
New Prague, MN 56071

Status: Active
Listing ID: 57541262

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Bankruptcy

Real estate is often a very valuable asset that a local court can take control of and sell through a bankruptcy procedure. This bankruptcy listing in New Prague, MN is among more than 1 million records featured in our comprehensive nationwide real estate database. However, unlike most property records, not all homes / addresses associated with a bankruptcy filing are for sale. This is an important legal concept to understand before moving forward on 4th Ave Nw New Prague, MN. We highly recommend that you first contact the court-appointed receiver / trustee listed below (scroll down) under "Bankruptcy Information" to learn whether or not the property is (or will soon be) for sale.

What is a bankruptcy estate?

A property owner who is experiencing difficult financial issues will sometimes file for bankruptcy as a last resort. This is a legal proceeding (usually called Chapter 7 bankruptcy), during which a court-appointed receiver / trustee will be assigned to determine all the assets of a distressed property owner. More often than not, a home or property is one of the most valuable assets that the court-appointed receiver / trustee will leverage to satisfy the distressed property owner’s outstanding debts. The contents of the home, as well as any other assets (e.g. cars, boats, etc.), are also often included in a bankruptcy estate. The court-appointed receiver / trustee is almost always motivated to sell a property included in a bankruptcy filing very fast -- there is no real attachment to it other than to obtain funds to pay off debts. And the savings for a savvy buyer and/or investor looking to buy bankruptcy houses for sale in New Prague, MN can be tremendous.

First Steps to Buying a Bankruptcy

In order to purchase a bankruptcy property, you will need to approach the court appointed receiver / trustee to pursue your deal.

Contact the bankruptcy trustee to find out if the property is for sale as part of the bankruptcy.  If so, request the terms for the sale of the property as well as any additional information regarding the condition of the property. This will help you understand the type of investment your are getting into.

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Rental Value

The estimated rental value for 4th Ave Nw located in New Prague, MN is $1,141/month. Comparable homes around 4th Ave Nw that are rentals have monthly ranges starting as low as $1,080 per month and as high as $1,201 per month. An owner looking to use this property as an investment could bring a return in the area of $1,080 - $1,201 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.


New Prague, MN
Home Inspectors
South Metro Home Inspections L.L.C.
John Medina
952-465-5174
Homes On This Street
View more homes on 4th Ave Nw
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4th Ave Nw
New Prague, MN 56071

3 Beds   1 Bath   972 sq. ft.

$269,271 EMV

Status: Active Listing ID: 57541262

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=4th-Ave-Nw-New-Prague-MN-56071/57541262_lid

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