$299,903 EMV

3 Beds   1.5 Baths   1,196 Sq. Ft.
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Helium St Nw
Cambridge, MN 55008

Overview

This Preforeclosure is located at Helium St Nw, Cambridge, MN 55008. It has 3 Beds, 1.5 Baths , 1,196 sqft of living space. This property is currently in auction with an estimated market value of $299,903.
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Status: Inactive
Listing ID: 58154601

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Property Information

  • Bedrooms: 3
  • Bathrooms: 1.5
  • Living Area Size: 1,196
  • Year Built: 1994
  • Source ID: 21571675
  • Day(s) On Site: 48
  • Parcel Number: 13.026.2600
  • Plaintiff: MINNCO CREDIT UNION
  • Defendant Name: BRIAN O RUSSIN
  • Trustee City: SAINT PAUL
  • Trustee Name: HALLIDAY WATKINS AND MANN P C
  • Trustee Address: 101 FIFTH STREET EAST SUITE 2626
  • Trustee State: MN
  • Trustee Zip: 55101
  • Trustee Phone: (801) 355-2886
  • Deed Category: NFS

Potential Home Value

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Public Records

  • Bedrooms: 3
  • Baths: 1.5
  • Full Baths: 1
  • Half Baths: 1
  • Rooms: 6
  • No. of Stories: 2
  • Parking: DETACHED GARAGE
  • Parking Sqft: 936
  • Air Conditioning: CENTRAL
  • Exterior Wall Type: ALUMINUM SIDING
  • Heating Type: HOT AIR
  • Roof Material: COMPOSITION SHINGLE
  • Roof Type: GABLE/HIP
  • Land Area Sqft: 263,973
  • Effective Year Built: 1994
  • Year Built: 1979
  • APN: 13.026.2600
  • Property Type: Single Family Residence
  • Township: WYANETT TWP
  • Living Sqft: 1,196
  • Garage: DETACHED
  •  

Preforeclosure

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.

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Auction Information

  • Auction Date: 08-11-2022
  • Auction Time: 10:00 AM
  • Auction Address: 2440 SOUTH MAIN STREET
  • Auction City: CAMBRIDGE

    Loan Information

  • 1st Mortgage Date: 08-01-2018

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Rental Value

The estimated rental value for Helium St Nw located in Cambridge, MN is $1,650/month. Comparable homes around Helium St Nw that are rentals have monthly ranges starting as low as $1,480 per month and as high as $1,820 per month. An owner looking to use this property as an investment could bring a return in the area of $1,480 - $1,820 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
06/23/22 08/11/22 Preforeclosure Minnco Credit Union
foreclosure.com

Helium St Nw
Cambridge, MN 55008

3 Beds   1.5 Baths   1,196 sq. ft.

$299,903 EMV

Status: Inactive Listing ID: 58154601

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=Helium-St-Nw-Cambridge-MN-55008/58154601_lid

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