$250,487 EMV

3 Beds   3 Baths   1,346 Sq. Ft.   Single-Family
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Lincoln Ave
Windsor Heights, IA 50324

Overview

This Single-Family is located at Lincoln Ave, Windsor Heights, IA 50324. 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, 3 Baths , 1,346 sqft of living space.
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Status: Inactive
Listing ID: 60629996
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Learn about Lincoln Ave in Windsor Heights, IA

This single-family property is available as a preforeclosure at Lincoln Ave. It has 3 bedrooms, 3 bathrooms, and 1,346 square feet of living space. Based on our analysis of the current market conditions in Windsor Heights for Lincoln Ave and comparable listings, the estimated market value is $250,487. If purchased for rental purposes, the monthly rental rate could range between $1,420 and $1,920. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Lincoln Ave are updated daily along with others in Windsor Heights, Iowa.


Buy this home for as little as

Plus with taxes and insurance

Based on 20% down, 30 year mortgage, with 5% APR

Principal
Interest
Property Taxes
Homeowners Insurance
Total Monthly Ownership Cost

All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependant on credit scores, loan timeline, and a down payment amount.

Rental Chart
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for Lincoln Ave in Windsor Heights Iowa
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Property Information

  • Bedrooms: 3
  • Bathrooms: 3
  • Living Area Size: 1,346
  • Lot Size: 0.20 acres
  • Year Built: 1964
  • Source ID: 186479654
  • Day(s) On Site: 134
  • Subdivision: DAVISSON HEIGHTS 02
  • Parcel Number: 292/00541-005-000
  • Property Type: Single Family Dwelling
  • Plaintiff: Mortgage Asset Management, LLC
  • Defendant Name: James D. Peterson
  • Case Number: EQCE087708
  • Recording Date: 10-17-2023
  • Trustee Name: SOUTHLAW PC
  • Trustee Phone: (913) 663-7600
  • Trustee Reference Number: 23035280
  • Deed Category: NFS
  •  

Public Records

  • Bedrooms: 3
  • Baths: 2.5
  • Full Baths: 2
  • Half Baths: 1
  • Rooms: 5
  • No. of Stories: 1
  • Basement Sqft: 1,346
  • Air Conditioning: CENTRAL
  • Fireplaces: YES
  • Exterior Wall Type: BRICK
  • Foundation Type: CONCRETE BLOCK
  • Heating Type: FORCED AIR GAS
  • Roof Material: ASPHALT SHINGLE
  • Roof Type: HIP
  • Land Area Sqft: 8,496
  • Year Built: 1964
  • APN: 292-00541005000
  • Property Type: Single Family Residence
  • Front Footage: 72
  • Depth Footage: 118
  • Living Sqft: 1,346
  • Garage: YES
  • Style: RANCH
  • Subdivision: DAVISSON HEIGHTS 02

Community & Neighborhood

This property in Windsor Heights, IA is located in the Davisson Heights 02 Subdivision.


Preforeclosure

The property located at Lincoln Ave in Windsor Heights, IA is listed as a Preforeclosure

This listing located at Lincoln Ave in Windsor Heights, IA 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 Windsor Heights, Iowa is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Windsor Heights, IA, 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 Windsor Heights, Iowa 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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Auction Information

  • Auction Date: 12-05-2023
  • Auction Time: 10:00 AM
  • Auction Address: 222 5th Avenue
  • Auction City: Des Moines

Legal Information

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County Information

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Rental Value

The estimated rental value for Lincoln Ave located in Windsor Heights, IA is $1,670/month. Comparable homes around Lincoln Ave that are rentals have monthly ranges starting as low as $1,420 per month and as high as $1,920 per month. An owner looking to use this property as an investment could bring a return in the area of $1,420 - $1,920 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 Windsor Heights, IA


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Homes On This Street
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Lincoln Ave
Windsor Heights, IA 50324

3 Beds   3 Baths   1,346 sq. ft.   Single-Family

$250,487 EMV

Status: Inactive Listing ID: 60629996

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=Lincoln-Ave-Windsor-Heights-IA-50324/60629996_lid

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