$495,873 EMV

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Crown Rd
Somerset, NJ 08873


This Single-Family Foreclosure is located at Crown Rd, Somerset, NJ 08873. This property is currently bank owned with an estimated market value of $495,873.
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Status: Active
Listing ID: 61019342
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Learn about Crown Rd in Somerset, NJ

This single-family property is available as a foreclosure at Crown Rd. Based on our analysis of the current market conditions in Somerset for Crown Rd and comparable listings, the estimated market value is $495,873. If purchased for rental purposes, the monthly rental rate could range between $2,200 and $2,440. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Crown Rd are updated daily along with others in Somerset, New Jersey. Since this property is a foreclosure, check out our Foreclosure Timeline for Crown Rd below to see helpful information about this listing.

Foreclosure Timeline

Crown Rd in Somerset New Jersey Property History

Not in Foreclosure



Bank Owned

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Bank owned
Properties listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.
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 Crown Rd in Somerset, NJ is listed as a Foreclosure

Properties like Crown Rd in Somerset, New Jersey listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house in Somerset, NJ. The longer lenders own properties like this on Crown Rd, the more eager they become to sell, often at reduced prices.

First Steps to Buying a Foreclosure

Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:


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Rental Value

The estimated rental value for Crown Rd located in Somerset, NJ is $2,320/month. Comparable homes around Crown Rd that are rentals have monthly ranges starting as low as $2,200 per month and as high as $2,440 per month. An owner looking to use this property as an investment could bring a return in the area of $2,200 - $2,440 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 Somerset, NJ

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Crown Rd
Somerset, NJ 08873


$495,873 EMV

Status: Active Listing ID: 61019342

Property Information

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Public Records

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Property Description

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