$272,340 EMV

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Davis Ave
Northfield, NJ 08225

Overview

This Preforeclosure is located at Davis Ave, Northfield, NJ 08225. This property is currently in pre-foreclosure with an estimated market value of $272,340.
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Status: Active
Listing ID: 59755641
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Learn about Davis Ave in Northfield, NJ

This property is available as a preforeclosure at Davis Ave. Based on our analysis of the current market conditions in Northfield for Davis Ave and comparable listings, the estimated market value is $272,340. If purchased for rental purposes, the monthly rental rate could range between $2,370 and $2,610. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Davis Ave are updated daily along with others in Northfield, New Jersey. Since this property is a preforeclosure, check out our Foreclosure Timeline for Davis Ave below to see helpful information about this listing.


Foreclosure Timeline

Davis Ave in Northfield New Jersey Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Davis Ave
View Foreclosure Status
04/02/18
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
Rental Chart
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for Davis Ave in Northfield New Jersey
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Preforeclosure

The property located at Davis Ave in Northfield, NJ is listed as a Preforeclosure

The process of preforelcosure with properties like Davis Ave in Northfield, New Jersey 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 Davis Ave located in Northfield, NJ is $2,490/month. Comparable homes around Davis Ave that are rentals have monthly ranges starting as low as $2,370 per month and as high as $2,610 per month. An owner looking to use this property as an investment could bring a return in the area of $2,370 - $2,610 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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Davis Ave
Northfield, NJ 08225

$272,340 EMV

Status: Active Listing ID: 59755641

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=Davis-Ave-Northfield-NJ-08225/59755641_lid

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