$300,000

4 Beds   3 Baths   3,540 Sq. Ft.   Single-Family
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Cedar Ave
North Beach, MD 20714

Potential Profit
$246,410

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Status: Active
Listing ID: 60855537
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Learn about Cedar Ave in North Beach, MD

This single-family property is available as a foreclosure at Cedar Ave. It has 4 bedrooms, 3 bathrooms, and 3,540 square feet of living space. Based on our analysis of the current market conditions in North Beach for Cedar Ave and comparable listings, the estimated market value is $535,638. The property located at single-family has potential equity of $246,410. If purchased for rental purposes, the monthly rental rate could range between $1,930 and $2,610. For those interested in resale, the estimated profit from selling is $246,410. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Cedar Ave are updated daily along with others in North Beach, Maryland. Since this property is a foreclosure, check out our Foreclosure Timeline for Cedar Ave below to see helpful information about this listing.


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All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependant on credit scores, loan timeline, and a down payment amount.

Foreclosure Timeline

Cedar Ave in North Beach Maryland Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Cedar Ave
View Foreclosure Status
09/12/23
Bank owned
The lender has taken ownership of this property through a foreclosure auction for the amount of $300,000. 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.
05/17/23
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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Property Information

  • Price: $300,000
  • Bedrooms: 4
  • Bathrooms: 3
  • Living Area Size: 3,540
  • Year Built: Sign in to view
  • Subdivision: NORTH BEACH PARK
  • Property Type: Single Family Dwelling

Public Records

Community & Neighborhood

This property in North Beach, MD is located in the North Beach Park Subdivision.


Foreclosure

The property located at Cedar Ave in North Beach, MD is listed as a Foreclosure

Properties like Cedar Ave in North Beach, Maryland 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 North Beach, MD. The longer lenders own properties like this on Cedar 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 Cedar Ave located in North Beach, MD is $2,270/month. Comparable homes around Cedar Ave that are rentals have monthly ranges starting as low as $1,930 per month and as high as $2,610 per month. An owner looking to use this property as an investment could bring a return in the area of $1,930 - $2,610 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
08/25/23 08/22/23 Foreclosure
05/18/23 06/06/23 Preforeclosure
05/17/23 06/06/23 Preforeclosure

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Homes On This Street
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Cedar Ave
North Beach, MD 20714

4 Beds   3 Baths   3,540 sq. ft.   Single-Family

$300,000

Status: Active Listing ID: 60855537

Property Information

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Public Records

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Property Description

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Listing URL

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