$312,031 EMV

4 Beds   1 Bath   1,048 Sq. Ft.   Single-Family
Get the Preforeclosure Address

Monroe St S
Shakopee, MN 55379


This Single-Family is located at Monroe St S, Shakopee, MN 55379. 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 4 Beds, 1 Bath , 1,048 sqft of living space.
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Status: Inactive
Listing ID: 58671191

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Property Information

  • Bedrooms: 4
  • Bathrooms: 1
  • Living Area Size: 1,048
  • Lot Size: 0.21 acres
  • Year Built: 1965
  • Source ID: 192871788
  • Day(s) On Site: 60
  • Subdivision: NOTERMANN ADD
  • Parcel Number: 27-017061-0
  • Property Type: Single Family Dwelling
  • Plaintiff: Wells Fargo Bank, N.A
  • Defendant Name: ELIZABETH M. STRUNK
  • Recording Date: 09-28-2022
  • Trustee Name: TROTT LAW, P.C
  • Trustee Address: 25 Dale St N
  • Trustee City: Saint Paul
  • Trustee State: MN
  • Trustee Zip: 55102
  • Trustee Phone: (651) 209-9760
  • Trustee Reference Number: (22-0456-FC01)
  • Deed Category: NTS
  • Mortgage Balance: $51,813

Public Records

  • Bedrooms: 4
  • Baths: 1.5
  • Full Baths: 1
  • Half Baths: 1
  • Rooms: 8
  • Parking Sqft: 504
  • Land Area Sqft: 10,727
  • Effective Year Built: 1995
  • Year Built: 1965
  • APN: 27-017061-0
  • Property Type: Single Family Residence
  • Township: SHAKOPEE CITY
  • Living Sqft: 1,048
  • Garage: YES
  • Style: RAMBLER
  • Subdivision: NOTERMANN ADD


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.


Auction Information

  • Auction Date: 11-17-2022
  • Auction Time: 10:00 AM
  • Auction Address: 301 South Fuller Street
  • Auction City: Shakopee

    Loan Information

  • 1st Mortgage Date: 01-29-2015
  • Mortgage Balance: $51,813

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Rental Value

The estimated rental value for Monroe St S located in Shakopee, MN is $1,450/month. Comparable homes around Monroe St S that are rentals have monthly ranges starting as low as $1,380 per month and as high as $1,520 per month. An owner looking to use this property as an investment could bring a return in the area of $1,380 - $1,520 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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Homes On This Street
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Monroe St S
Shakopee, MN 55379

4 Beds   1 Bath   1,048 sq. ft.   Single-Family

$312,031 EMV

Status: Inactive Listing ID: 58671191

Property Information

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Public Records

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Property Description

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