$1,021,152 EMV

3,104 Sq. Ft.   Single-Family
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Forest Ave
Paramus, NJ 07652

Overview

This Single-Family Foreclosure is located at Forest Ave, Paramus, NJ 07652. It has , 3,104 sqft of living space. This property is currently bank owned with an estimated market value of $1,021,152.
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Status: Active
Listing ID: 61089623
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Learn about Forest Ave in Paramus, NJ

This single-family property is available as a foreclosure at Forest Ave. Based on our analysis of the current market conditions in Paramus for Forest Ave and comparable listings, the estimated market value is $1,021,152. If purchased for rental purposes, the monthly rental rate could range between $3,300 and $4,460. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Forest Ave are updated daily along with others in Paramus, New Jersey. Since this property is a foreclosure, check out our Foreclosure Timeline for Forest Ave below to see helpful information about this listing.


Foreclosure Timeline

Forest Ave in Paramus New Jersey Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Forest Ave
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10/27/23
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.
03/18/14
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 Forest Ave in Paramus New Jersey
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Property Information

Public Records

Foreclosure

The property located at Forest Ave in Paramus, NJ is listed as a Foreclosure

Properties like Forest Ave in Paramus, 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 Paramus, NJ. The longer lenders own properties like this on Forest Ave, 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 Forest Ave located in Paramus, NJ is $3,880/month. Comparable homes around Forest Ave that are rentals have monthly ranges starting as low as $3,300 per month and as high as $4,460 per month. An owner looking to use this property as an investment could bring a return in the area of $3,300 - $4,460 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 Paramus, NJ


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Forest Ave
Paramus, NJ 07652

3,104 sq. ft.   Single-Family

$1,021,152 EMV

Status: Active Listing ID: 61089623

Property Information

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Public Records

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Property Description

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