$468,538 EMV

5 Beds   2.5 Baths   2,183 Sq. Ft.
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Prospect St
Somerset, MA 02726

Overview

This is located at Prospect St, Somerset, MA 02726. 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 5 Beds, 2.5 Baths , 2,183 sqft of living space.
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Status: Inactive
Listing ID: 58240202

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Property Information

  • Bedrooms: 5
  • Bathrooms: 2.5
  • Living Area Size: 2,183
  • Year Built: 1947
  • Day(s) On Site: 145
  • Plaintiff: PNC BANK
  • Defendant Name: MYRTLE P SMITH
  • Case Number: 22SM001554
  • Recording Date: 06-30-2022
  • Deed Category: NOD

Public Records

  • Bedrooms: 5
  • Baths: 2.5
  • Full Baths: 2
  • Half Baths: 1
  • Rooms: 7
  • No. of Stories: 2
  • Basement Sqft: 336
  • Construction Type: CONCRETE
  • Exterior Wall Type: ALUMINUM/VINYL
  • Heating Type: FORCED HOT WATER
  • Roof Type: GABLE
  • Land Area Sqft: 10,890
  • Year Built: 1947
  • APN: 000005B--000000---000003
  • Property Type: Single Family Residence
  • Township: SOMERSET
  • Living Sqft: 2,183
  • Style: CONVENTIONAL

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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    Loan Information

  • 1st Mortgage Date: 12-16-2004
  • 1st Mortgage Amount: $35,450

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Rental Value

The estimated rental value for Prospect St located in Somerset, MA is $1,670/month. Comparable homes around Prospect St that are rentals have monthly ranges starting as low as $1,420 per month and as high as $1,920 per month. An owner looking to use this property as an investment could bring a return in the area of $1,420 - $1,920 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.


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Homes On This Street
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Prospect St
Somerset, MA 02726

5 Beds   2.5 Baths   2,183 sq. ft.

$468,538 EMV

Status: Inactive Listing ID: 58240202

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=Prospect-St-Somerset-MA-02726/58240202_lid

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