$126,990 EMV

2,077 Sq. Ft.
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Coach Redd Rd
Lufkin, TX 75901


This Bankruptcy is located at Coach Redd Rd, Lufkin, TX 75901. It has , 2,077 sqft of living space. This property is Bankruptcy with an estimated market value of $126,990.
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Status: Active
Listing ID: 58924193
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Learn about Coach Redd Rd in Lufkin, TX

This property is available as a bankruptcy at Coach Redd Rd. Based on our analysis of the current market conditions in Lufkin for Coach Redd Rd and comparable listings, the estimated market value is $126,990. If purchased for rental purposes, the monthly rental rate could range between $870 and $1,102. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Coach Redd Rd are updated daily along with others in Lufkin, Texas.

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The property located at Coach Redd Rd in Lufkin, TX is listed as a Bankruptcy

This bankruptcy listing at Coach Redd Rd in Lufkin, Texas is among more than 1 million records featured in our comprehensive nationwide real estate database. However, unlike most property records, not all homes / addresses associated with a bankruptcy filing are for sale. This is an important legal concept to understand before moving forward on Coach Redd Rd Lufkin, TX. We highly recommend that you first contact the court-appointed receiver / trustee listed below (scroll down) under "Bankruptcy Information" to learn whether or not the property is (or will soon be) for sale.

What is a bankruptcy estate?

A property owner who is experiencing difficult financial issues will sometimes file for bankruptcy as a last resort. This is a legal proceeding (usually called Chapter 7 bankruptcy), during which a court-appointed receiver / trustee will be assigned to determine all the assets of a distressed property owner. More often than not, a home or property is one of the most valuable assets that the court-appointed receiver / trustee will leverage to satisfy the distressed property owner’s outstanding debts. The contents of the home, as well as any other assets (e.g. cars, boats, etc.), are also often included in a bankruptcy estate. The court-appointed receiver / trustee is almost always motivated to sell a property included in a bankruptcy filing very fast -- there is no real attachment to it other than to obtain funds to pay off debts. And the savings for a savvy buyer and/or investor looking to buy bankruptcy houses for sale in Lufkin, TX can be tremendous.

First Steps to Buying a Bankruptcy

In order to purchase a bankruptcy property, you will need to approach the court appointed receiver / trustee to pursue your deal.

Contact the bankruptcy trustee to find out if the property is for sale as part of the bankruptcy.  If so, request the terms for the sale of the property as well as any additional information regarding the condition of the property. This will help you understand the type of investment your are getting into.


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Rental Value

The estimated rental value for Coach Redd Rd located in Lufkin, TX is $970/month. Comparable homes around Coach Redd Rd that are rentals have monthly ranges starting as low as $870 per month and as high as $1,102 per month. An owner looking to use this property as an investment could bring a return in the area of $870 - $1,102 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
07/08/20 11/12/22 Bankruptcy
03/28/19 05/07/19 Preforeclosure VAN DYK MORTGAGE CORPORATION

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Coach Redd Rd
Lufkin, TX 75901

2,077 sq. ft.

$126,990 EMV

Status: Active Listing ID: 58924193

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