$63,167 EMV

676 Sq. Ft.
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Circle Dr
Cottage Hills, IL 62018


This Preforeclosure is located at Circle Dr, Cottage Hills, IL 62018. It has , 676 sqft of living space. This property is currently in pre-foreclosure with an estimated market value of $63,167.
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Status: Active
Listing ID: 58752563
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Learn about Circle Dr in Cottage Hills, IL

This property is available as a preforeclosure at Circle Dr. Based on our analysis of the current market conditions in Cottage Hills for Circle Dr and comparable listings, the estimated market value is $63,167. If purchased for rental purposes, the monthly rental rate could range between $620 and $840. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Circle Dr are updated daily along with others in Cottage Hills, Illinois. Since this property is a preforeclosure, check out our Foreclosure Timeline for Circle Dr below to see helpful information about this listing.

Foreclosure Timeline

Circle Dr in Cottage Hills Illinois Property History

Not in Foreclosure



Bank Owned

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The property located at Circle Dr in Cottage Hills, IL is listed as a Preforeclosure

The process of preforelcosure with properties like Circle Dr in Cottage Hills, Illinois begin 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.


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Rental Value

The estimated rental value for Circle Dr located in Cottage Hills, IL is $730/month. Comparable homes around Circle Dr that are rentals have monthly ranges starting as low as $620 per month and as high as $840 per month. An owner looking to use this property as an investment could bring a return in the area of $620 - $840 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
02/25/20 08/25/22 Tax Lien

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Circle Dr
Cottage Hills, IL 62018

676 sq. ft.

$63,167 EMV

Status: Active Listing ID: 58752563

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