$306,464 EMV

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Richmond Rd Apt 5a
Lido Beach, NY 11561

Overview

This Preforeclosure is located at Richmond Rd Apt 5a, Lido Beach, NY 11561. This property is currently in pre-foreclosure with an estimated market value of $306,464.
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Status: Active
Listing ID: 59944378
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Learn about Richmond Rd Apt 5a in Lido Beach, NY

This property is available as a preforeclosure at Richmond Rd Apt 5a. Based on our analysis of the current market conditions in Lido Beach for Richmond Rd Apt 5a and comparable listings, the estimated market value is $306,464. If purchased for rental purposes, the monthly rental rate could range between $1,980 and $2,960. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Richmond Rd Apt 5a are updated daily along with others in Lido Beach, New York. Since this property is a preforeclosure, check out our Foreclosure Timeline for Richmond Rd Apt 5a below to see helpful information about this listing.


Foreclosure Timeline

Richmond Rd Apt 5a in Lido Beach New York Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Richmond Rd Apt 5a
View Foreclosure Status
01/28/20
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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for Richmond Rd Apt 5a in Lido Beach New York
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Property Information

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Preforeclosure

The property located at Richmond Rd Apt 5a in Lido Beach, NY is listed as a Preforeclosure

The process of preforelcosure with properties like Richmond Rd Apt 5a in Lido Beach, New York begin 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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Rental Value

The estimated rental value for Richmond Rd Apt 5a located in Lido Beach, NY is $2,470/month. Comparable homes around Richmond Rd Apt 5a that are rentals have monthly ranges starting as low as $1,980 per month and as high as $2,960 per month. An owner looking to use this property as an investment could bring a return in the area of $1,980 - $2,960 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
01/28/20 09/24/20 Preforeclosure JPMORGAN CHASE BANK NATIONA...
02/22/13 02/22/15 Tax Lien

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Richmond Rd Apt 5a
Lido Beach, NY 11561

$306,464 EMV

Status: Active Listing ID: 59944378

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=Richmond-Rd-Apt-5a-Lido-Beach-NY-11561/59944378_lid

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