$21,500

1 Bed   1 Bath   800 Sq. Ft.   Single-Family
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Pearl St
Rockton, IL 61072

Potential Profit
$102,241

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Status: Active
Listing ID: 61629941
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Learn about Pearl St in Rockton, IL

This single-family property is available as a foreclosure at Pearl St. It has 1 bedrooms, 1 bathrooms, and 800 square feet of living space. Based on our analysis of the current market conditions in Rockton for Pearl St and comparable listings, the estimated market value is $111,956. The property located at single-family has potential equity of $102,241. If purchased for rental purposes, the monthly rental rate could range between $973 and $1,110. For those interested in resale, the estimated profit from selling is $102,241. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Pearl St are updated daily along with others in Rockton, Illinois. Since this property is a foreclosure, check out our Foreclosure Timeline for Pearl St below to see helpful information about this listing.


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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.

Foreclosure Timeline

Pearl St in Rockton Illinois Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Pearl St
View Foreclosure Status
03/01/24
Bank owned
The lender has taken ownership of this property through a foreclosure auction for the amount of $21,500. 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.
12/22/22
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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Property Information

  • Price: $21,500
  • Bedrooms: 1
  • Bathrooms: 1
  • Living Area Size: 800
  • Year Built: Sign in to view
  • Subdivision: HARRISON
  • Property Type: Single Family Dwelling

Public Records

Community & Neighborhood

This property in Rockton, IL is located in the Harrison Subdivision.


Foreclosure

The property located at Pearl St in Rockton, IL is listed as a Foreclosure

Properties like Pearl St in Rockton, Illinois 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 Rockton, IL. The longer lenders own properties like this on Pearl 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 Pearl St located in Rockton, IL is $1,010/month. Comparable homes around Pearl St that are rentals have monthly ranges starting as low as $973 per month and as high as $1,110 per month. An owner looking to use this property as an investment could bring a return in the area of $973 - $1,110 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 Rockton, IL


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Pearl St
Rockton, IL 61072

1 Bed   1 Bath   800 sq. ft.   Single-Family

$21,500

Status: Active Listing ID: 61629941

Property Information

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Public Records

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Property Description

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