$450,846 EMV

3 Beds   3 Baths   2,143 Sq. Ft.   Single-Family
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Indian Meadows Dr
Batavia, OH 45103

Overview

This Single-Family Preforeclosure is located at Indian Meadows Dr, Batavia, OH 45103. It has 3 Beds, 3 Baths , 2,143 sqft of living space. This property is currently in pre-foreclosure with an estimated market value of $450,846.
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Status: Active
Listing ID: 60787910
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Learn about Indian Meadows Dr in Batavia, OH

This single-family property is available as a preforeclosure at Indian Meadows Dr. It has 3 bedrooms, 3 bathrooms, and 2,143 square feet of living space. Based on our analysis of the current market conditions in Batavia for Indian Meadows Dr and comparable listings, the estimated market value is $450,846. If purchased for rental purposes, the monthly rental rate could range between $1,820 and $2,220. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Indian Meadows Dr are updated daily along with others in Batavia, Ohio. Since this property is a preforeclosure, check out our Foreclosure Timeline for Indian Meadows Dr below to see helpful information about this listing.


Foreclosure Timeline

Indian Meadows Dr in Batavia Ohio Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

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Community & Neighborhood

This property in Batavia, OH is located in the Military Surv 4440 Subdivision.


Preforeclosure

The property located at Indian Meadows Dr in Batavia, OH is listed as a Preforeclosure

This listing located at Indian Meadows Dr in Batavia, OH could be available as a Rent-to-Own listing as well, additional diligence will be required from the buyer to determine if this listing can be approved as a RTO.

Please take note that this property in Batavia, Ohio is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Batavia, OH, commonly referred to as Pre-Foreclosure, indicating that the homeowner has missed at least one payment and is considered delinquent. However, instead of going through a potentially lengthy foreclosure process, which could take up to 18 months, the homeowner may be open to considering a Rent-to-Own option that covers their mortgage.

Since Pre-Foreclosure properties are not formally listed for sale, there is no asking price available. Instead, you’ll find either the original loan balance or an Estimated Market Value (EMV) provided. To make a reasonable offer for this home, it’s advisable to use either the loan balance or EMV amount in conjunction with local sale price comparables to determine an appropriate offer. Alternatively, the homeowner might be willing to work with you on a monthly amount that can help them avoid the foreclosure process.

You may also want to check with a real estate attorney or other legal authority to discuss the potential risks of executing a Rent-to-Own agreement with the current Pre-foreclosure owner. If the current owner in Batavia, Ohio doesn't make their mortgage payments, they could lose the property which would directly affect you and your Rent-to-Own agreement.

For this reason, many buyers find a real estate investor or investment company to buy a Pre-Foreclosure property from the current owner. The investor/investment company could then offer you a Rent-to-Own agreement on that property that you worked out with them in advance, which could stabilize the investment and prevent complications.

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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Rental Value

The estimated rental value for Indian Meadows Dr located in Batavia, OH is $2,020/month. Comparable homes around Indian Meadows Dr that are rentals have monthly ranges starting as low as $1,820 per month and as high as $2,220 per month. An owner looking to use this property as an investment could bring a return in the area of $1,820 - $2,220 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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Indian Meadows Dr
Batavia, OH 45103

3 Beds   3 Baths   2,143 sq. ft.   Single-Family

$450,846 EMV

Status: Active Listing ID: 60787910

Property Information

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Property Description

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Listing URL

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