$121,000 EMV

3 Beds   2 Baths   1,782 Sq. Ft.   Mobile Home
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Cherokee Ave
Grand Island, NE 68803


This Mobile Home is located at Cherokee Ave, Grand Island, NE 68803. 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 3 Beds, 2 Baths , 1,782 sqft of living space.
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Status: Inactive
Listing ID: 60626947
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Learn about Cherokee Ave in Grand Island, NE

This mobile home property is available as a preforeclosure at Cherokee Ave. It has 3 bedrooms, 2 bathrooms, and 1,782 square feet of living space. Based on our analysis of the current market conditions in Grand Island for Cherokee Ave and comparable listings, the estimated market value is $121,000. If purchased for rental purposes, the monthly rental rate could range between $1,102 and $1,450. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Cherokee Ave are updated daily along with others in Grand Island, Nebraska.

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Property Information

  • Bedrooms: 3
  • Bathrooms: 2
  • Living Area Size: 1,782
  • Lot Size: 0.46 acres
  • Year Built: 2004
  • Source ID: 213117097
  • Day(s) On Site: 220
  • Subdivision: DALE ROUSH 02
  • Parcel Number: 400162458
  • Property Type: Mobile Home
  • Plaintiff: Centris Federal Credit Union
  • Defendant Name: JUDY AK HAMILTON
  • Recording Date: 07-20-2023
  • Trustee Name: DAVID J KOUKOL
  • Trustee Address: 3939 S 148 Th St #160
  • Trustee City: Omaha
  • Trustee State: NE
  • Trustee Zip: 68144
  • Trustee Phone: (402) 934-9499
  • Deed Category: NOD
  • Document Number: 202303649

Public Records

  • Bedrooms: 3
  • Baths: 2
  • Full Baths: 2
  • No. of Stories: 1
  • Basement Sqft: 1,782
  • Parking Sqft: 960
  • Air Conditioning: CENTRAL
  • Exterior Wall Type: VINYL
  • Heating Type: HOT AIR
  • Year Built: 2004
  • APN: 400162458
  • Property Type: Single Family Residence
  • Living Sqft: 1,782
  • Garage: DETACHED
  • Mobile Home Indicator: Y
  • Style: MOBILE HOME
  • Subdivision: DALE ROUSH 02

Community & Neighborhood

This property in Grand Island, NE is located in the Dale Roush 02 Subdivision.


The property located at Cherokee Ave in Grand Island, NE is listed as a Preforeclosure

This listing located at Cherokee Ave in Grand Island, NE could be available as a Rent-to-Own listing as well, additional diligence will be required from the buyer to determine if this listing can be approved as a RTO.

Please take note that this property in Grand Island, Nebraska is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Grand Island, NE, commonly referred to as Pre-Foreclosure, indicating that the homeowner has missed at least one payment and is considered delinquent. However, instead of going through a potentially lengthy foreclosure process, which could take up to 18 months, the homeowner may be open to considering a Rent-to-Own option that covers their mortgage.

Since Pre-Foreclosure properties are not formally listed for sale, there is no asking price available. Instead, you’ll find either the original loan balance or an Estimated Market Value (EMV) provided. To make a reasonable offer for this home, it’s advisable to use either the loan balance or EMV amount in conjunction with local sale price comparables to determine an appropriate offer. Alternatively, the homeowner might be willing to work with you on a monthly amount that can help them avoid the foreclosure process.

You may also want to check with a real estate attorney or other legal authority to discuss the potential risks of executing a Rent-to-Own agreement with the current Pre-foreclosure owner. If the current owner in Grand Island, Nebraska doesn't make their mortgage payments, they could lose the property which would directly affect you and your Rent-to-Own agreement.

For this reason, many buyers find a real estate investor or investment company to buy a Pre-Foreclosure property from the current owner. The investor/investment company could then offer you a Rent-to-Own agreement on that property that you worked out with them in advance, which could stabilize the investment and prevent complications.

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.


Loan Information

  • 1st Mortgage Date: 04-10-2019

Legal Information

Credit Information Center

County Information

Document Center

Rental Value

The estimated rental value for Cherokee Ave located in Grand Island, NE is $1,261/month. Comparable homes around Cherokee Ave that are rentals have monthly ranges starting as low as $1,102 per month and as high as $1,450 per month. An owner looking to use this property as an investment could bring a return in the area of $1,102 - $1,450 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 Grand Island, NE

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Cherokee Ave
Grand Island, NE 68803

3 Beds   2 Baths   1,782 sq. ft.   Mobile Home

$121,000 EMV

Status: Inactive Listing ID: 60626947

Property Information

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Public Records

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Property Description

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