$139,916 EMV

Condo
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E Fountainview Ln Apt 1b
Lombard, IL 60148

Overview

This Condo Foreclosure is located at E Fountainview Ln Apt 1b, Lombard, IL 60148. This property is currently bank owned with an estimated market value of $139,916.
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Status: Active
Listing ID: 59689916
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Learn about E Fountainview Ln Apt 1b in Lombard, IL

This condo property is available as a foreclosure at E Fountainview Ln Apt 1b. Based on our analysis of the current market conditions in Lombard for E Fountainview Ln Apt 1b and comparable listings, the estimated market value is $139,916. If purchased for rental purposes, the monthly rental rate could range between $1,092 and $1,301. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at E Fountainview Ln Apt 1b are updated daily along with others in Lombard, Illinois. Since this property is a foreclosure, check out our Foreclosure Timeline for E Fountainview Ln Apt 1b below to see helpful information about this listing.


Foreclosure Timeline

E Fountainview Ln Apt 1b in Lombard Illinois Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on E Fountainview Ln Apt 1b
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01/24/23
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.
04/20/22
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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Foreclosure

The property located at E Fountainview Ln Apt 1b in Lombard, IL is listed as a Foreclosure

Properties like E Fountainview Ln Apt 1b in Lombard, Illinois 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 Lombard, IL. The longer lenders own properties like this on E Fountainview Ln Apt 1b, 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 E Fountainview Ln Apt 1b located in Lombard, IL is $1,181/month. Comparable homes around E Fountainview Ln Apt 1b that are rentals have monthly ranges starting as low as $1,092 per month and as high as $1,301 per month. An owner looking to use this property as an investment could bring a return in the area of $1,092 - $1,301 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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E Fountainview Ln Apt 1b
Lombard, IL 60148

Condo

$139,916 EMV

Status: Active Listing ID: 59689916

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=E-Fountainview-Ln-Apt-1b-Lombard-IL-60148/59689916_lid

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