3 Beds   2 Baths   880 Sq. Ft.   Single-Family
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N 51st Ave W
Duluth, MN 55807

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Status: Active
Listing ID: 59115385
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Learn about N 51st Ave W in Duluth, MN

This single-family property is available as a foreclosure at N 51st Ave W. It has 3 bedrooms, 2 bathrooms, and 880 square feet of living space. Based on our analysis of the current market conditions in Duluth for N 51st Ave W and comparable listings, the estimated market value is $110,330. The property located at single-family has potential equity of $69,370. If purchased for rental purposes, the monthly rental rate could range between $870 and $1,102. For those interested in resale, the estimated profit from selling is $69,370. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at N 51st Ave W are updated daily along with others in Duluth, Minnesota. Since this property is a foreclosure, check out our Foreclosure Timeline for N 51st Ave W below to see helpful information about this listing.

Foreclosure Timeline

N 51st Ave W in Duluth Minnesota Property History

Not in Foreclosure



Bank Owned

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Bank owned
The lender has taken ownership of this property through a foreclosure auction for the amount of $79,900. 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.
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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VA Home

U.S. Department of Veterans Affairs (VA) is a federal agency that guarantees mortgages to homeowners who have served in the armed forces /military. Therefore, when banks foreclose on VA-guaranteed mortgages, the government agency acquires the properties and often offers them for sale at drastically-reduced prices to the public. Fast approval for veterans and lowest possible fixed-rate mortgages!

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 N 51st Ave W located in Duluth, MN is $970/month. Comparable homes around N 51st Ave W that are rentals have monthly ranges starting as low as $870 per month and as high as $1,102 per month. An owner looking to use this property as an investment could bring a return in the area of $870 - $1,102 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
05/18/22 12/06/22 Foreclosure
04/20/22 05/18/22 Preforeclosure

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N 51st Ave W
Duluth, MN 55807

3 Beds   2 Baths   880 sq. ft.   Single-Family


Status: Active Listing ID: 59115385

Property Information

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Public Records

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Property Description

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