$3,208

3 Beds   2 Baths   2,402 Sq. Ft.   Single-Family
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Poorhouse Rd
Downingtown, PA 19335

Potential Profit

$516,426

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Status: Active
Listing ID: 57882620

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Foreclosure Timeline

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

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View Foreclosure Status
05/06/22
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

Potential Home Value

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Current Value
$3,208
Potential Value
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Public Records

Preforeclosure

Often, the preforeclosure period is the best time to purchase a property. The process begins when a lender first notifies a borrower that his or her loan payments are behind. If a borrower has no other means to bring the payments up to date, he or she is far better served to sell the property as soon as possible before it falls into foreclosure.

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.

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Auction Information

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Rental Value

The estimated rental value for Poorhouse Rd located in Downingtown, PA is $2,210/month. Comparable homes around Poorhouse Rd that are rentals have monthly ranges starting as low as $2,100 per month and as high as $2,320 per month. An owner looking to use this property as an investment could bring a return in the area of $2,100 - $2,320 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
05/06/22   Preforeclosure WEST BRADFORD TOWNSHIP

Downingtown, PA
Home Inspectors
ABC Home Inspections, LLC
Brian A. Stumm
267-331-0256
Village Home Inspections, Inc.
Stephen J. Mento
610-873-1808
James Royer
(215) 860-3150
Home Base Solutions, LLC
Andrew M Fritchey
610-836-2206
Homes On This Street
View more homes on Poorhouse Rd
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Poorhouse Rd
Downingtown, PA 19335

3 Beds   2 Baths   2,402 sq. ft.   Single-Family

$3,208

Status: Active Listing ID: 57882620

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=Poorhouse-Rd-Downingtown-PA-19335/57882620_lid

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