$299,900

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Madison 7340
Huntsville, AR 72740

Overview

This Foreclosure is located at Madison 7340, Huntsville, AR 72740. This property is currently bank owned with an estimated market value of $258,550.
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Status: Active
Listing ID: 60266798
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Learn about Madison 7340 in Huntsville, AR

This property is available as a foreclosure at Madison 7340. Based on our analysis of the current market conditions in Huntsville for Madison 7340 and comparable listings, the estimated market value is $258,550. The property located at has potential equity of $-36,127. If purchased for rental purposes, the monthly rental rate could range between $980 and $1,321. For those interested in resale, the estimated profit from selling is $-36,127. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Madison 7340 are updated daily along with others in Huntsville, Arkansas. Since this property is a foreclosure, check out our Foreclosure Timeline for Madison 7340 below to see helpful information about this listing.


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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.

Foreclosure Timeline

Madison 7340 in Huntsville Arkansas Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Madison 7340
View Foreclosure Status
05/23/23
Bank owned
The lender has taken ownership of this property through a foreclosure auction for the amount of $299,900. 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.
Rental Chart
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for Madison 7340 in Huntsville Arkansas
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Property Information

Foreclosure

The property located at Madison 7340 in Huntsville, AR is listed as a Foreclosure

Properties like Madison 7340 in Huntsville, Arkansas 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 in Huntsville, AR. The longer lenders own properties like this on Madison 7340, 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 Madison 7340 located in Huntsville, AR is $1,151/month. Comparable homes around Madison 7340 that are rentals have monthly ranges starting as low as $980 per month and as high as $1,321 per month. An owner looking to use this property as an investment could bring a return in the area of $980 - $1,321 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
08/15/22 03/05/23 Foreclosure

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Madison 7340
Huntsville, AR 72740

$299,900

Status: Active Listing ID: 60266798

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