$22,000

Single-Family
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N Payson St
Baltimore, MD 21217

Potential Profit
$2,200

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Status: Active
Listing ID: 59925402
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Learn about N Payson St in Baltimore, MD

This single-family property is available as a foreclosure at N Payson St. Based on our analysis of the current market conditions in Baltimore for N Payson St and comparable listings, the estimated market value is $19,784. The property located at single-family has potential equity of $2,200. If purchased for rental purposes, the monthly rental rate could range between $900 and $1,408. For those interested in resale, the estimated profit from selling is $2,200. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at N Payson St are updated daily along with others in Baltimore, Maryland. Since this property is a foreclosure, check out our Foreclosure Timeline for N Payson St below to see helpful information about this listing.


Foreclosure Timeline

N Payson St in Baltimore Maryland Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on N Payson St
View Foreclosure Status
03/25/23
Bank owned
The lender has taken ownership of this property through a foreclosure auction for the amount of $22,000. 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.
08/31/22
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
Rental Chart
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Property Information

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Foreclosure

The property located at N Payson St in Baltimore, MD is listed as a Foreclosure

Properties like N Payson St in Baltimore, Maryland 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 Baltimore, MD. The longer lenders own properties like this on N Payson 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 Payson St located in Baltimore, MD is $1,131/month. Comparable homes around N Payson St that are rentals have monthly ranges starting as low as $900 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 $900 - $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.

Listing History

Start Date End Date Listing Type Bank Name
04/29/23 05/22/23 Foreclosure
09/02/22 09/15/22 Preforeclosure
08/31/22 09/15/22 Preforeclosure

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N Payson St
Baltimore, MD 21217

Single-Family

$22,000

Status: Active Listing ID: 59925402

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=N-Payson-St-Baltimore-MD-21217/59925402_lid

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