$408,500 EMV

3 Beds   1.5 Baths   2,854 Sq. Ft.
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Circle Trace Rd
Monroe, NC 28110


This Preforeclosure is located at Circle Trace Rd, Monroe, NC 28110. It has 3 Beds, 1.5 Baths , 2,854 sqft of living space. This property is currently in auction with an estimated market value of $408,500.
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Status: Active
Listing ID: 59812003
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Learn about Circle Trace Rd in Monroe, NC

This property is available as a preforeclosure at Circle Trace Rd. It has 3 bedrooms, 1.5 bathrooms, and 2,854 square feet of living space. Based on our analysis of the current market conditions in Monroe for Circle Trace Rd and comparable listings, the estimated market value is $408,500. If purchased for rental purposes, the monthly rental rate could range between $1,470 and $1,630. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Circle Trace Rd are updated daily along with others in Monroe, North Carolina. Since this property is a preforeclosure, check out our Foreclosure Timeline for Circle Trace Rd below to see helpful information about this listing.

Foreclosure Timeline

Circle Trace Rd in Monroe North Carolina Property History

Not in Foreclosure



Bank Owned

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Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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The property located at Circle Trace Rd in Monroe, NC is listed as a Preforeclosure

The process of preforelcosure with properties like Circle Trace Rd in Monroe, North Carolina 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 Trace Rd located in Monroe, NC is $1,550/month. Comparable homes around Circle Trace Rd that are rentals have monthly ranges starting as low as $1,470 per month and as high as $1,630 per month. An owner looking to use this property as an investment could bring a return in the area of $1,470 - $1,630 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.

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Circle Trace Rd
Monroe, NC 28110

3 Beds   1.5 Baths   2,854 sq. ft.

$408,500 EMV

Status: Active Listing ID: 59812003

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