$43,300

2 Beds   1 Bath   1,105 Sq. Ft.   Single-Family
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Olive St
Salem, OH 44460

Potential Profit

$54,035

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Status: Inactive
Listing ID: 58662334

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Property Information

  • Price: $43,300
  • Bedrooms: 2
  • Bathrooms: 1
  • Living Area Size: 1,105
  • Lot Size: 0.10 acres
  • Year Built: 1940
  • Source ID: 90016596562AUCN7
  • Day(s) On Site: 65
  • Property Type: Single Family Dwelling
  •  

Foreclosure

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 through a local real estate agent or auction house. The longer lenders own properties, however, 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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Address: Olive St Salem OH 44460

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Auction Information

  • Minimum Bid: $43,300

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Rental Value

The estimated rental value for Olive St located in Salem, OH is $930/month. Comparable homes around Olive St that are rentals have monthly ranges starting as low as $790 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 $790 - $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
01/24/22 02/22/22 Preforeclosure WILMINGTON TRUST NATIONAL A...

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Homes On This Street
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Olive St
Salem, OH 44460

2 Beds   1 Bath   1,105 sq. ft.   Single-Family

$43,300

Status: Inactive Listing ID: 58662334

Property Information

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Olive-St-Salem-OH-44460/58662334_lid

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