3 Beds   2 Baths   1,244 Sq. Ft.
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Poplar Bridge Rd
Bloomington, MN 55437

*Rental Value Coming Soon

Overview

This is located at Poplar Bridge Rd, Bloomington, MN 55437. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time. It has 3 Beds, 2 Baths , 1,244 sqft of living space.
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Status: Inactive
Listing ID: 58787736
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Learn about Poplar Bridge Rd in Bloomington, MN

This property is available as a preforeclosure at Poplar Bridge Rd. It has 3 bedrooms, 2 bathrooms, and 1,244 square feet of living space. Based on our analysis of the current market conditions in Bloomington for Poplar Bridge Rd and comparable listings, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Poplar Bridge Rd are updated daily along with others in Bloomington, Minnesota.


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Property Information

  • Bedrooms: 3
  • Bathrooms: 2
  • Living Area Size: 1,244
  • Year Built: 1971
  • Source ID: 21778346
  • Day(s) On Site: 494
  • Subdivision: MILLER WANDA ADD
  • Parcel Number: 0602724430101
  • Plaintiff: REVERSE MORTGAGE SOLUTIONS INC
  • Defendant Name: DOROTHY A VAYDER
  • Trustee City: SAINT PAUL
  • Trustee Name: HALLIDAY WATKINS AND MANN P C
  • Trustee Address: 101 FIFTH STREET EAST SUITE 2626
  • Trustee State: MN
  • Trustee Zip: 55101
  • Trustee Phone: (651) 291-8955
  • Trustee Reference Number: MN-20030
  • Deed Category: NFS
  •  

Public Records

  • Bedrooms: 3
  • Baths: 2
  • Full Baths: 2
  • Rooms: 10
  • No. of Stories: 1
  • Parking: DETACHED GARAGE
  • Parking Sqft: 480
  • Air Conditioning: CENTRAL
  • Construction Type: WOOD
  • Exterior Wall Type: METAL
  • Heating Type: FORCED AIR
  • Roof Material: TAR & GRAVEL
  • Roof Type: HIP
  • Land Area Sqft: 10,454
  • Effective Year Built: 1971
  • Year Built: 1961
  • APN: 06-027-24-43-0101
  • Property Type: Single Family Residence
  • Township: BLOOMINGTON
  • Living Sqft: 1,244
  • Basement Finish Type: PARTIALLY FINISHED
  • Garage: DETACHED
  • Subdivision: MILLER WANDA ADD
  •  

Community & Neighborhood

This property in Bloomington, MN is located in the Miller Wanda Add Subdivision.


Preforeclosure

The property located at Poplar Bridge Rd in Bloomington, MN is listed as a Preforeclosure

This listing located at Poplar Bridge Rd in Bloomington, MN 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 Bloomington, Minnesota is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Bloomington, MN, 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 Bloomington, Minnesota 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.

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Auction Information

  • Auction Date: 05-04-2023
  • Auction Time: 09:00
  • Auction Address: 350 SOUTH 5TH STREET
  • Auction City: MINNEAPOLIS

Loan Information

  • 1st Mortgage Date: 01-25-2016

Legal Information

Credit Information Center

County Information

Document Center

Listing History

Start Date End Date Listing Type Bank Name
10/19/22 12/01/22 Preforeclosure Reverse Mortgage Solutions,...
06/11/12 03/08/13 Bankruptcy

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Poplar Bridge Rd
Bloomington, MN 55437

3 Beds   2 Baths   1,244 sq. ft.

 

Status: Inactive Listing ID: 58787736

Property Information

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Public Records

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Property Description

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Listing URL

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