$309,875 EMV

3 Beds   2 Baths   1,554 Sq. Ft.   Single-Family
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Algoma Ave
Spring Hill, FL 34609

Overview

This Single-Family Foreclosure is located at Algoma Ave, Spring Hill, FL 34609. It has 3 Beds, 2 Baths , 1,554 sqft of living space. This property is currently bank owned with an estimated market value of $309,875.
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Status: Active
Listing ID: 60826175
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Learn about Algoma Ave in Spring Hill, FL

This single-family property is available as a foreclosure at Algoma Ave. It has 3 bedrooms, 2 bathrooms, and 1,554 square feet of living space. Based on our analysis of the current market conditions in Spring Hill for Algoma Ave and comparable listings, the estimated market value is $309,875. If purchased for rental purposes, the monthly rental rate could range between $991 and $1,398. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Algoma Ave are updated daily along with others in Spring Hill, Florida. Since this property is a foreclosure, check out our Foreclosure Timeline for Algoma Ave below to see helpful information about this listing.


Foreclosure Timeline

Algoma Ave in Spring Hill Florida Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Algoma Ave
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08/11/23
Bank owned
Properties listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.
03/11/22
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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Community & Neighborhood

This property in Spring Hill, FL is located in the Spring Hill Unit 13 Subdivision.


Foreclosure

The property located at Algoma Ave in Spring Hill, FL is listed as a Foreclosure

Properties like Algoma Ave in Spring Hill, Florida listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house in Spring Hill, FL. The longer lenders own properties like this on Algoma Ave, the more eager they become to sell, often at reduced prices.

First Steps to Buying a Foreclosure

Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:

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Rental Value

The estimated rental value for Algoma Ave located in Spring Hill, FL is $1,171/month. Comparable homes around Algoma Ave that are rentals have monthly ranges starting as low as $991 per month and as high as $1,398 per month. An owner looking to use this property as an investment could bring a return in the area of $991 - $1,398 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.

Similar Homes Nearby Spring Hill, FL


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Algoma Ave
Spring Hill, FL 34609

3 Beds   2 Baths   1,554 sq. ft.   Single-Family

$309,875 EMV

Status: Active Listing ID: 60826175

Property Information

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Property Description

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