$138,550 EMV

3 Beds   1 Bath   1,400 Sq. Ft.   Single-Family
Get the Preforeclosure Address

Gardners School Rd
Elm City, NC 27822


This Single-Family is located at Gardners School Rd, Elm City, NC 27822. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time. It has 3 Beds, 1 Bath , 1,400 sqft of living space.
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Status: Inactive
Listing ID: 58951822

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Property Information

  • Bedrooms: 3
  • Bathrooms: 1
  • Living Area Size: 1,400
  • Lot Size: 0.82 acres
  • Year Built: 1969
  • Source ID: 303658060
  • Day(s) On Site: 72
  • Parcel Number: 3762-16-3547.000
  • Property Type: Single Family Dwelling
  • Defendant Name: LAURA A DUKE
  • Plaintiff: North Carolina Housing Finance Agency
  • Recording Date: 09-28-2022
  • Document Book: 2474
  • Document Page: 586
  • Trustee Address: 201 S Mcpherson Church Rd
  • Trustee City: Fayetteville
  • Trustee State: NC
  • Trustee Zip: 28303
  • Trustee Reference Number: 10584-44514
  • Deed Category: NOD
  • Document Number: 2986 90-91

Public Records

  • Bedrooms: 3
  • Baths: 1
  • Full Baths: 1
  • Rooms: 4
  • No. of Stories: 1
  • Parking Sqft: 936
  • Exterior Wall Type: BRICK VENEER
  • Foundation Type: CONTINUOUS WALL
  • Roof Type: GABLE
  • Effective Year Built: 1975
  • Year Built: 1969
  • APN: 3762-16-3547.000
  • Property Type: Single Family Residence
  • Living Sqft: 1,400


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.


    AVM Analysis

  • Valuation Estimate: $157,000

    Loan Information

  • 1st Mortgage Date: 02-03-2012

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Rental Value

The estimated rental value for Gardners School Rd located in Elm City, NC is $973/month. Comparable homes around Gardners School Rd that are rentals have monthly ranges starting as low as $820 per month and as high as $1,001 per month. An owner looking to use this property as an investment could bring a return in the area of $820 - $1,001 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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Homes On This Street
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Gardners School Rd
Elm City, NC 27822

3 Beds   1 Bath   1,400 sq. ft.   Single-Family

$138,550 EMV

Status: Inactive Listing ID: 58951822

Property Information

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Public Records

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Property Description

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