$424,900

6 Beds   6 Baths   Single-Family
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N Mill St
Colfax, WA 99111

Overview

This Single-Family Foreclosure is located at N Mill St, Colfax, WA 99111. It has 6 Beds, 6 Baths. This property is currently bank owned with an estimated market value of $294,690.
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Status: Active
Listing ID: 57876045
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Learn about N Mill St in Colfax, WA

This single-family property is available as a foreclosure at N Mill St. Based on our analysis of the current market conditions in Colfax for N Mill St and comparable listings, the estimated market value is $294,690. The property located at single-family has potential equity of $-99,190. If purchased for rental purposes, the monthly rental rate could range between $1,020 and $1,380. For those interested in resale, the estimated profit from selling is $-99,190. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at N Mill St are updated daily along with others in Colfax, Washington. Since this property is a foreclosure, check out our Foreclosure Timeline for N Mill St below to see helpful information about this listing.


Foreclosure Timeline

N Mill St in Colfax Washington Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

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05/04/22
Bank owned
The lender has taken ownership of this property through a foreclosure auction for the amount of $424,900. 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.
04/20/21
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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Foreclosure

The property located at N Mill St in Colfax, WA is listed as a Foreclosure

Properties like N Mill St in Colfax, Washington 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 Colfax, WA. The longer lenders own properties like this on N Mill 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 Mill St located in Colfax, WA is $1,201/month. Comparable homes around N Mill St that are rentals have monthly ranges starting as low as $1,020 per month and as high as $1,380 per month. An owner looking to use this property as an investment could bring a return in the area of $1,020 - $1,380 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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N Mill St
Colfax, WA 99111

6 Beds   6 Baths   Single-Family

$424,900

Status: Active Listing ID: 57876045

Property Information

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Public Records

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Property Description

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Listing URL

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