$199,879 EMV

Single-Family
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Monica Ave
Mission, TX 78573

Overview

This Single-Family Foreclosure is located at Monica Ave, Mission, TX 78573. This property is currently bank owned with an estimated market value of $199,879.
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Status: Active
Listing ID: 60788658
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Learn about Monica Ave in Mission, TX

This single-family property is available as a foreclosure at Monica Ave. Based on our analysis of the current market conditions in Mission for Monica Ave and comparable listings, the estimated market value is $199,879. If purchased for rental purposes, the monthly rental rate could range between $1,121 and $1,408. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Monica Ave are updated daily along with others in Mission, Texas. Since this property is a foreclosure, check out our Foreclosure Timeline for Monica Ave below to see helpful information about this listing.


Foreclosure Timeline

Monica Ave in Mission Texas Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Monica Ave
View Foreclosure Status
08/07/23
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.
Rental Chart
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for Monica Ave in Mission Texas
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Property Information

Community & Neighborhood

This property in Mission, TX is located in the Palomar Subdivision Subdivision.


Foreclosure

The property located at Monica Ave in Mission, TX is listed as a Foreclosure

Properties like Monica Ave in Mission, Texas 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 Mission, TX. The longer lenders own properties like this on Monica Ave, 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 Monica Ave located in Mission, TX is $1,241/month. Comparable homes around Monica Ave that are rentals have monthly ranges starting as low as $1,121 per month and as high as $1,408 per month. An owner looking to use this property as an investment could bring a return in the area of $1,121 - $1,408 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 Mission, TX


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Monica Ave
Mission, TX 78573

Single-Family

$199,879 EMV

Status: Active Listing ID: 60788658

Property Information

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Property Description

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Listing URL

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