$258,779 EMV

3 Beds   2 Baths   1,400 Sq. Ft.   Single-Family
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River Run Cir
Hickory, NC 28602

Overview

This Single-Family is located at River Run Cir, Hickory, NC 28602. 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 , 1,400 sqft of living space.
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Status: Inactive
Listing ID: 61346375
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Learn about River Run Cir in Hickory, NC

This single-family property is available as a preforeclosure at River Run Cir. It has 3 bedrooms, 2 bathrooms, and 1,400 square feet of living space. Based on our analysis of the current market conditions in Hickory for River Run Cir and comparable listings, the estimated market value is $258,779. If purchased for rental purposes, the monthly rental rate could range between $890 and $1,211. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at River Run Cir are updated daily along with others in Hickory, North Carolina.


Rental Chart
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Property Information

  • Bedrooms: 3
  • Bathrooms: 2
  • Living Area Size: 1,400
  • Lot Size: 0.79 acres
  • Year Built: 2004
  • Source ID: 3257355
  • Day(s) On Site: 112
  • Subdivision: RIVER RUN
  • Parcel Number: 3609-04-64-2758
  • Property Type: Single Family Dwelling
  • Plaintiff: Pennymac Loan Services LLC
  • Defendant Name: PETER THAI VUE AND KHA XIONG
  • Recording Date: 12-14-2023
  • Document Book: 3543
  • Document Page: 1126
  • Trustee Address: 5404 Cypress Center Dr
  • Trustee Name: ALBERTELLI LAW PARTNERS NC PA
  • Trustee City: Tampa
  • Trustee State: FL
  • Trustee Zip: 33609
  • Trustee Reference Number: 23-010726
  • Deed Category: NOD
  • Document Number: 21940

Public Records

  • Bedrooms: 3
  • Baths: 2
  • Full Baths: 2
  • Rooms: 5
  • No. of Stories: 1
  • Parking: ATTACHED MASONRY GARAGE
  • Parking Sqft: 672
  • Air Conditioning: CENTRAL
  • Exterior Wall Type: BRICK
  • Heating Fuel: ELECTRIC
  • Heating Type: HEAT PUMP
  • Land Area Sqft: 34,213
  • Year Built: 2004
  • APN: 3609046427580000
  • Property Type: Single Family Residence
  • Living Sqft: 1,400
  • Garage: ATTACHED MASONRY GARAGE
  • Style: CONVENTIONAL
  • Sewer Type: SEPTIC
  • Water Type: PUBLIC
  • Subdivision: RIVER RUN
  •  

Community & Neighborhood

This property in Hickory, NC is located in the River Run Subdivision.


Preforeclosure

The property located at River Run Cir in Hickory, NC is listed as a Preforeclosure

This listing located at River Run Cir in Hickory, NC 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 Hickory, North Carolina is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Hickory, NC, 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 Hickory, North 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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Loan Information

  • 1st Mortgage Date: 12-11-2019

Legal Information

Credit Information Center

County Information

Document Center

Rental Value

The estimated rental value for River Run Cir located in Hickory, NC is $1,082/month. Comparable homes around River Run Cir that are rentals have monthly ranges starting as low as $890 per month and as high as $1,211 per month. An owner looking to use this property as an investment could bring a return in the area of $890 - $1,211 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
08/23/10 12/21/10 Preforeclosure BANK OF NEW YORK MELLON

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River Run Cir
Hickory, NC 28602

3 Beds   2 Baths   1,400 sq. ft.   Single-Family

$258,779 EMV

Status: Inactive Listing ID: 61346375

Property Information

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Public Records

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Property Description

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Listing URL

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