$278,075 EMV

Land
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Grand Haven Dr
Frankfort, IL 60423

Overview

This Land Foreclosure is located at Grand Haven Dr, Frankfort, IL 60423. This property is currently bank owned with an estimated market value of $278,075.
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Status: Active
Listing ID: 58738339
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Learn about Grand Haven Dr in Frankfort, IL

This land property is available as a foreclosure at Grand Haven Dr. Based on our analysis of the current market conditions in Frankfort for Grand Haven Dr and comparable listings, the estimated market value is $278,075. If purchased for rental purposes, the monthly rental rate could range between $1,600 and $2,160. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Grand Haven Dr are updated daily along with others in Frankfort, Illinois. Since this property is a foreclosure, check out our Foreclosure Timeline for Grand Haven Dr below to see helpful information about this listing.


Foreclosure Timeline

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

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09/29/22
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.
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Foreclosure

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 through a local real estate agent or auction house. The longer lenders own properties, however, 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 Grand Haven Dr located in Frankfort, IL is $1,880/month. Comparable homes around Grand Haven Dr that are rentals have monthly ranges starting as low as $1,600 per month and as high as $2,160 per month. An owner looking to use this property as an investment could bring a return in the area of $1,600 - $2,160 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
12/06/19 06/05/22 Tax Lien

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Grand Haven Dr
Frankfort, IL 60423

Land

$278,075 EMV

Status: Active Listing ID: 58738339

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=Grand-Haven-Dr-Frankfort-IL-60423/58738339_lid

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