$422,631 EMV

5 Beds   2 Baths   1,344 Sq. Ft.   Single-Family
Get the Preforeclosure Address

Clay Ave
Inver Grove Heights, MN 55076

Overview

This Single-Family is located at Clay Ave, Inver Grove Heights, MN 55076. 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 5 Beds, 2 Baths , 1,344 sqft of living space.
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Status: Inactive
Listing ID: 58390157

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Rental Chart
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Property Information

  • Bedrooms: 5
  • Bathrooms: 2
  • Living Area Size: 1,344
  • Lot Size: 0.46 acres
  • Year Built: 1959
  • Source ID: 34391968
  • Day(s) On Site: 54
  • Subdivision: SOUTH GROVE 04
  • Parcel Number: 20-71153-07-100
  • Property Type: Single Family Dwelling
  • Plaintiff: Top Flite Financial, Inc
  • Defendant Name: SHAWN K MARSH
  • Recording Date: 07-30-2022
  • Trustee Name: NATIONSTAR MORTGAGE LLC
  • Trustee Address: 101 5 Th St E
  • Trustee City: Saint Paul
  • Trustee State: MN
  • Trustee Zip: 55101
  • Trustee Phone: (801) 355-2886
  • Deed Category: NTS
  • Mortgage Balance: $266,016
  •  

Potential Home Value

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Public Records

  • Bedrooms: 5
  • Baths: 2
  • Full Baths: 2
  • No. of Stories: 1
  • Parking: UNFINISHED DETACHED GARAGE
  • Parking Sqft: 1,030
  • Construction Type: WOOD
  • Land Area Sqft: 20,037
  • Effective Year Built: 1977
  • Year Built: 1959
  • APN: 20-71153-07-100
  • Property Type: Single Family Residence
  • Township: INVER GROVE HEIGHTS
  • Garage: UNFINISHED DETACHED
  • Subdivision: SOUTH GROVE 04

Preforeclosure

Often, the preforeclosure period is the best time to purchase a property. The process begins 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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Auction Information

  • Auction Date: 09-12-2022
  • Auction Time: 10:00 AM
  • Auction Address: 1580 Hwy 55
  • Auction City: Hastings

    Loan Information

  • 1st Mortgage Date: 10-16-2019
  • Mortgage Balance: $266,016

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Rental Value

The estimated rental value for Clay Ave located in Inver Grove Heights, MN is $1,870/month. Comparable homes around Clay Ave that are rentals have monthly ranges starting as low as $1,680 per month and as high as $2,060 per month. An owner looking to use this property as an investment could bring a return in the area of $1,680 - $2,060 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
08/03/22 09/17/22 Preforeclosure

Inver Grove Heights, MN
Home Inspectors
HomeSight Inspections, Inc
James Bourbeau
952-201-2181
Brent Williams
651-454-1911
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Clay Ave
Inver Grove Heights, MN 55076

5 Beds   2 Baths   1,344 sq. ft.   Single-Family

$422,631 EMV

Status: Inactive Listing ID: 58390157

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Clay-Ave-Inver-Grove-Heights-MN-55076/58390157_lid

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