2 Beds   1 Bath   1,073 Sq. Ft.
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Orchard Ave
Bensalem, PA 19020

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Status: Inactive
Listing ID: 61522622
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Learn about Orchard Ave in Bensalem, PA

This property is available as a preforeclosure at Orchard Ave. It has 2 bedrooms, 1 bathrooms, and 1,073 square feet of living space. Based on our analysis of the current market conditions in Bensalem for Orchard Ave and comparable listings, the estimated market value is $306,000. The property located at has potential equity of $276,580. If purchased for rental purposes, the monthly rental rate could range between $1,410 and $2,110. For those interested in resale, the estimated profit from selling is $276,580. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Orchard Ave are updated daily along with others in Bensalem, Pennsylvania.

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Based on 20% down, 30 year mortgage, with 5% APR

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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.

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Property Information

  • Price: $54,920
  • Bedrooms: 2
  • Bathrooms: 1
  • Living Area Size: 1,073
  • Year Built: 1954
  • Day(s) On Site: 67
  • Parcel Number: 02-019-15
  • Plaintiff: MIDFIRST BANK
  • Case Number: 2023-04877
  • Attorney Name: KML Law Group PC
  • Deed Category: NFS

Public Records

  • Bedrooms: 2
  • Baths: 1
  • Full Baths: 1
  • Rooms: 4
  • No. of Stories: 1
  • Air Conditioning: CENTRAL
  • Pool: CONCRETE
  • Exterior Wall Type: FRAME
  • Land Area Sqft: 19,602
  • Year Built: 1954
  • APN: 02-019-015
  • Property Type: Single Family Residence
  • Township: BENSALEM TWP
  • Front Footage: 100
  • Depth Footage: 218
  • Living Sqft: 1,073
  • Style: RANCH
  • Sewer Type: PUBLIC
  • Water Type: PUBLIC


The property located at Orchard Ave in Bensalem, PA is listed as a Preforeclosure

This listing located at Orchard Ave in Bensalem, PA could be available as a Rent-to-Own listing as well, additional diligence will be required from the buyer to determine if this listing can be approved as a RTO.

Please take note that this property in Bensalem, Pennsylvania is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Bensalem, PA, commonly referred to as Pre-Foreclosure, indicating that the homeowner has missed at least one payment and is considered delinquent. However, instead of going through a potentially lengthy foreclosure process, which could take up to 18 months, the homeowner may be open to considering a Rent-to-Own option that covers their mortgage.

Since Pre-Foreclosure properties are not formally listed for sale, there is no asking price available. Instead, you’ll find either the original loan balance or an Estimated Market Value (EMV) provided. To make a reasonable offer for this home, it’s advisable to use either the loan balance or EMV amount in conjunction with local sale price comparables to determine an appropriate offer. Alternatively, the homeowner might be willing to work with you on a monthly amount that can help them avoid the foreclosure process.

You may also want to check with a real estate attorney or other legal authority to discuss the potential risks of executing a Rent-to-Own agreement with the current Pre-foreclosure owner. If the current owner in Bensalem, Pennsylvania doesn't make their mortgage payments, they could lose the property which would directly affect you and your Rent-to-Own agreement.

For this reason, many buyers find a real estate investor or investment company to buy a Pre-Foreclosure property from the current owner. The investor/investment company could then offer you a Rent-to-Own agreement on that property that you worked out with them in advance, which could stabilize the investment and prevent complications.

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.


Auction Information

  • Auction Date: 04-12-2024

Legal Information

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Rental Value

The estimated rental value for Orchard Ave located in Bensalem, PA is $1,760/month. Comparable homes around Orchard Ave that are rentals have monthly ranges starting as low as $1,410 per month and as high as $2,110 per month. An owner looking to use this property as an investment could bring a return in the area of $1,410 - $2,110 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.

Similar Homes Nearby Bensalem, PA

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Homes On This Street
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Orchard Ave
Bensalem, PA 19020

2 Beds   1 Bath   1,073 sq. ft.


Status: Inactive Listing ID: 61522622

Property Information

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Public Records

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Property Description

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