$274,824 EMV

2 Beds   2.5 Baths   1,710 Sq. Ft.
Get the Preforeclosure Address

5th St Nw
Forest Lake, MN 55025


This is located at 5th St Nw, Forest Lake, MN 55025. 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 2 Beds, 2.5 Baths , 1,710 sqft of living space.
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Status: Inactive
Listing ID: 58369702

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Property Information

  • Bedrooms: 2
  • Bathrooms: 2.5
  • Living Area Size: 1,710
  • Year Built: 1981
  • Source ID: 21618025
  • Day(s) On Site: 61
  • Subdivision: HOULES JW ADD
  • Parcel Number:
  • Defendant Name: MARISSA PENFIELD
  • Trustee City: SAINT PAUL
  • Trustee Address: 101 FIFTH STREET EAST SUITE 2626
  • Trustee State: MN
  • Trustee Zip: 55101
  • Trustee Phone: (651) 291-8955
  • Deed Category: NFS

Potential Home Value

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Public Records

  • Bedrooms: 2
  • Baths: 2.5
  • Full Baths: 2
  • Basement Sqft: 750
  • Parking Sqft: 384
  • Exterior Wall Type: METAL
  • Foundation Type: CONCRETE BLOCK
  • Heating Type: FORCED AIR GAS
  • Roof Material: ASPHALT SHINGLE
  • Roof Type: GABLE/HIP
  • Land Area Sqft: 14,810
  • Year Built: 1981
  • APN: 0803221210015
  • Property Type: Single Family Residence
  • Township: FOREST LAKE
  • Front Footage: 85
  • Depth Footage: 174
  • Living Sqft: 1,710
  • Three Qtr Baths: 1
  • Subdivision: HOULES JW ADD


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: 09-19-2022
  • Auction Time: 10:00 AM
  • Auction Address: 15015 62ND STREET N
  • Auction City: STILLWATER

    Loan Information

  • 1st Mortgage Date: 06-01-2020

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Rental Value

The estimated rental value for 5th St Nw located in Forest Lake, MN is $1,241/month. Comparable homes around 5th St Nw that are rentals have monthly ranges starting as low as $1,121 per month and as high as $1,408 per month. An owner looking to use this property as an investment could bring a return in the area of $1,121 - $1,408 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
07/29/22 09/19/22 Preforeclosure American Mortgage And Equit...


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Homes On This Street
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5th St Nw
Forest Lake, MN 55025

2 Beds   2.5 Baths   1,710 sq. ft.

$274,824 EMV

Status: Inactive Listing ID: 58369702

Property Information

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Public Records

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Property Description

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