5 Beds   3 Baths   2,508 Sq. Ft.   Single-Family
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Rivermist Dr Sw
Lilburn, GA 30047

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Status: Active
Listing ID: 58937187
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Learn about Rivermist Dr Sw in Lilburn, GA

This single-family property is available as a short sale at Rivermist Dr Sw. It has 5 bedrooms, 3 bathrooms, and 2,508 square feet of living space. Based on our analysis of the current market conditions in Lilburn for Rivermist Dr Sw and comparable listings, the estimated market value is $432,332. The property located at single-family has potential equity of $11,167. If purchased for rental purposes, the monthly rental rate could range between $1,460 and $1,620. For those interested in resale, the estimated profit from selling is $11,167. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Rivermist Dr Sw are updated daily along with others in Lilburn, Georgia.

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Short Sale

Short sale properties represent tremendous opportunity to you as a buyer because they are aggressively priced to sell well below or just at fair market value. Existing homeowners are typically distressed and eager to sell for less than what is owed on their mortgages. They are "underwater" and either can no longer afford their mortgage payments or are simply unwilling to continue to make them for various reasons.

First Steps to Buying a Short Sale

Short sales often present opportunities for real estate investors to purchase property at below market prices. A short sale occurs when the mortgage lender on a property agrees to give a release for less than the amount owed on the loan. This usually occurs when the loan on the property becomes delinquent and is headed toward foreclosure. An alert property owner who knows he is facing foreclosure is well advised to keep an open line of communication with his lender. And the lender is well advised to keep an open mind to the consequences of a loan default and the benefits of agreeing to a short sale. When the lender and property owner can agree on a short sale price, the owner can advertise that the property is a short sale and can list it accordingly. Such listings attract a lot of attention and can expedite the sale of the property.


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Rental Value

The estimated rental value for Rivermist Dr Sw located in Lilburn, GA is $1,540/month. Comparable homes around Rivermist Dr Sw that are rentals have monthly ranges starting as low as $1,460 per month and as high as $1,620 per month. An owner looking to use this property as an investment could bring a return in the area of $1,460 - $1,620 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
11/16/22   Short Sale
10/16/22 11/21/22 Short Sale


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Rivermist Dr Sw
Lilburn, GA 30047

5 Beds   3 Baths   2,508 sq. ft.   Single-Family


Status: Active Listing ID: 58937187

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Property Description

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