3 Beds   1 Bath   1,056 Sq. Ft.
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Redwood St
N Charleston, SC 29405

*Rental Value Coming Soon

Overview

This is located at Redwood St, N Charleston, SC 29405. 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, 1 Bath , 1,056 sqft of living space.
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Status: Inactive
Listing ID: 58246624
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Learn about Redwood St in N Charleston, SC

This property is available as a preforeclosure at Redwood St. It has 3 bedrooms, 1 bathrooms, and 1,056 square feet of living space. Based on our analysis of the current market conditions in N Charleston for Redwood St 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 Redwood St are updated daily along with others in N Charleston, South Carolina.


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Property Information

  • Bedrooms: 3
  • Bathrooms: 1
  • Living Area Size: 1,056
  • Year Built: 1929
  • Source ID: 21590571
  • Day(s) On Site: 512
  • Subdivision: CHICORA PLACE
  • Parcel Number: 4691600043
  • Plaintiff: CITY OF NORTH CHARLESTON
  • Defendant Name: ROSENA OLIVER
  • Case Number: 2022LP1000483
  • Recording Date: 07-01-2022
  • Deed Category: LP
  •  

Public Records

  • Bedrooms: 3
  • Baths: 1
  • Full Baths: 1
  • No. of Stories: 1
  • Exterior Wall Type: VINYL
  • Heating Fuel: GAS
  • Heating Type: FORCED AIR NOT DUCTED
  • Roof Material: ASPHALT SHINGLE
  • Roof Type: GABLE
  • Land Area Sqft: 4,200
  • Year Built: 1929
  • APN: 469-16-00-043
  • Property Type: Single Family Residence
  • Front Footage: 40
  • Depth Footage: 105
  • Living Sqft: 1,056
  • Style: RANCH
  • Subdivision: CHICORA PLACE

Community & Neighborhood

This property in N Charleston, SC is located in the Chicora Place Subdivision.


Preforeclosure

The property located at Redwood St in N Charleston, SC is listed as a Preforeclosure

This listing located at Redwood St in N Charleston, SC 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 N Charleston, South Carolina is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in N Charleston, SC, 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 N Charleston, South Carolina 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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Redwood St
N Charleston, SC 29405

3 Beds   1 Bath   1,056 sq. ft.

 

Status: Inactive Listing ID: 58246624

Property Information

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Property Description

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