$47,500

3 Beds   1 Bath   1,320 Sq. Ft.   Single-Family
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Old Coal City Rd
Pell City, AL 35125

Potential Profit
$103,924

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Status: Active
Listing ID: 59727383
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Learn about Old Coal City Rd in Pell City, AL

This single-family property is available as a foreclosure at Old Coal City Rd. It has 3 bedrooms, 1 bathrooms, and 1,320 square feet of living space. Based on our analysis of the current market conditions in Pell City for Old Coal City Rd and comparable listings, the estimated market value is $139,775. The property located at single-family has potential equity of $103,924. If purchased for rental purposes, the monthly rental rate could range between $730 and $991. For those interested in resale, the estimated profit from selling is $103,924. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Old Coal City Rd are updated daily along with others in Pell City, Alabama. Since this property is a foreclosure, check out our Foreclosure Timeline for Old Coal City Rd below to see helpful information about this listing.


Foreclosure Timeline

Old Coal City Rd in Pell City Alabama Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

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02/17/23
Bank owned
The lender has taken ownership of this property through a foreclosure auction for the amount of $47,500. 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.
11/24/22
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 Old Coal City Rd in Pell City, AL is listed as a Foreclosure

Properties like Old Coal City Rd in Pell City, Alabama 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 Pell City, AL. The longer lenders own properties like this on Old Coal City Rd, 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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Contact Information

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Address: Old Coal City Rd Pell City AL 35125

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Rental Value

The estimated rental value for Old Coal City Rd located in Pell City, AL is $860/month. Comparable homes around Old Coal City Rd that are rentals have monthly ranges starting as low as $730 per month and as high as $991 per month. An owner looking to use this property as an investment could bring a return in the area of $730 - $991 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
11/29/22 01/13/23 Preforeclosure
11/24/22 01/13/23 Preforeclosure
05/07/12 05/07/15 Tax Lien

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Old Coal City Rd
Pell City, AL 35125

3 Beds   1 Bath   1,320 sq. ft.   Single-Family

$47,500

Status: Active Listing ID: 59727383

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=Old-Coal-City-Rd-Pell-City-AL-35125/59727383_lid

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