$87,210 EMV

3 Beds   2 Baths   1,728 Sq. Ft.   Single-Family
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E County Road 450 N
Sullivan, IN 47882

Overview

This Single-Family Preforeclosure is located at E County Road 450 N, Sullivan, IN 47882. It has 3 Beds, 2 Baths , 1,728 sqft of living space. This property is currently in pre-foreclosure with an estimated market value of $87,210
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Status: Inactive
Listing ID: 57470493

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Property Information

  • Bedrooms: 3
  • Bathrooms: 2
  • Living Area Size: 1,728
  • Lot Size: 6.45 acres
  • Year Built: 1945
  • Source ID: 186042132
  • Day(s) On Site: 181
  • Parcel Number: 77-07-12-000-010.000-011
  • Property Type: Single Family Dwelling
  • Plaintiff: Wintrust Mortgage
  • Defendant Name: JEFFREY L FOSTER
  • Case Number: 77D01-2201-MF-000020
  • Recording Date: 01-13-2022
  • Trustee Name: CODILIS LAW LLC
  • Trustee Phone: (219) 736-5579
  • Deed Category: LP

Potential Home Value

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Current Value
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Public Records

  • Bedrooms: 3
  • Baths: 2
  • Full Baths: 2
  • Rooms: 9
  • No. of Stories: 1
  • Basement Sqft: 432
  • Parking: DETACHED GARAGE
  • Parking Sqft: 672
  • Air Conditioning: CENTRAL
  • Construction Type: WOOD
  • Heating Type: CENTRAL
  • Roof Material: ASPHALT SHINGLE
  • Land Area Sqft: 280,962
  • Effective Year Built: 1950
  • Year Built: 1945
  • APN: 77-07-12-000-010.000-011
  • Property Type: Single Family Residence
  • Township: HAMILTON TOWNSHIP
  • Living Sqft: 1,728
  • Basement Finish Type: FINISHED
  • Garage: DETACHED
  •  

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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Rental Value

The estimated rental value for E County Road 450 N located in Sullivan, IN is $830/month. Comparable homes around E County Road 450 N that are rentals have monthly ranges starting as low as $710 per month and as high as $950 per month. An owner looking to use this property as an investment could bring a return in the area of $710 - $950 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
07/23/22   Preforeclosure
07/20/22 07/23/22 Preforeclosure
05/20/22   Preforeclosure BARRINGTON BANK
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E County Road 450 N
Sullivan, IN 47882

3 Beds   2 Baths   1,728 sq. ft.   Single-Family

$87,210 EMV

Status: Inactive Listing ID: 57470493

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=E-County-Road-450-N-Sullivan-IN-47882/57470493_lid

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