$186,915 EMV

Multi-Family
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Erie St
Racine, WI 53402

Overview

This Multi-Family Foreclosure is located at Erie St, Racine, WI 53402. This property is currently bank owned with an estimated market value of $186,915.
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Status: Active
Listing ID: 61436260
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Learn about Erie St in Racine, WI

This multi-family property is available as a foreclosure at Erie St. Based on our analysis of the current market conditions in Racine for Erie St and comparable listings, the estimated market value is $186,915. If purchased for rental purposes, the monthly rental rate could range between $1,410 and $2,110. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Erie St are updated daily along with others in Racine, Wisconsin. Since this property is a foreclosure, check out our Foreclosure Timeline for Erie St below to see helpful information about this listing.


Foreclosure Timeline

Erie St in Racine Wisconsin Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Erie St
View Foreclosure Status
12/22/23
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.
09/21/23
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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Property Information

Community & Neighborhood

This property in Racine, WI is located in the Hagerers Subdivision Subdivision.


Foreclosure

The property located at Erie St in Racine, WI is listed as a Foreclosure

Properties like Erie St in Racine, Wisconsin 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 Racine, WI. The longer lenders own properties like this on Erie St, 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 Erie St located in Racine, WI is $1,760/month. Comparable homes around Erie St that are rentals have monthly ranges starting as low as $1,410 per month and as high as $2,110 per month. An owner looking to use this property as an investment could bring a return in the area of $1,410 - $2,110 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 Racine, WI


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Erie St
Racine, WI 53402

Multi-Family

$186,915 EMV

Status: Active Listing ID: 61436260

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Listing URL

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