$134,425 EMV

1 Bath   1,220 Sq. Ft.   Single-Family
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N Lake St
Paris, TN 38242


This Single-Family Foreclosure is located at N Lake St, Paris, TN 38242. It has 1 Bath , 1,220 sqft of living space. This property is currently bank owned with an estimated market value of $134,425.
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Status: Active
Listing ID: 60891954
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Learn about N Lake St in Paris, TN

This single-family property is available as a foreclosure at N Lake St. It has bedrooms, 1 bathrooms, and 1,220 square feet of living space. Based on our analysis of the current market conditions in Paris for N Lake St and comparable listings, the estimated market value is $134,425. If purchased for rental purposes, the monthly rental rate could range between $760 and $952. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at N Lake St are updated daily along with others in Paris, Tennessee. Since this property is a foreclosure, check out our Foreclosure Timeline for N Lake St below to see helpful information about this listing.

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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

N Lake St in Paris Tennessee Property History

Not in Foreclosure



Bank Owned

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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.
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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Community & Neighborhood

This property in Paris, TN is located in the Cooper Grainger Addition Subdivision.


The property located at N Lake St in Paris, TN is listed as a Foreclosure

Properties like N Lake St in Paris, Tennessee 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 Paris, TN. The longer lenders own properties like this on N Lake St, 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 N Lake St located in Paris, TN is $840/month. Comparable homes around N Lake St that are rentals have monthly ranges starting as low as $760 per month and as high as $952 per month. An owner looking to use this property as an investment could bring a return in the area of $760 - $952 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
05/26/23 06/15/23 Preforeclosure Commercial Bank
05/22/23 06/15/23 Preforeclosure

Similar Homes Nearby Paris, TN

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Homes On This Street
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N Lake St
Paris, TN 38242

1 Bath   1,220 sq. ft.   Single-Family

$134,425 EMV

Status: Active Listing ID: 60891954

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Property Description

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