4 Beds   3 Baths   2,696 Sq. Ft.
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Rives Mount Pelia Rd
Rives, TN 38253

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Status: Active
Listing ID: 59712144
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Learn about Rives Mount Pelia Rd in Rives, TN

This property is available as a foreclosure at Rives Mount Pelia Rd. It has 4 bedrooms, 3 bathrooms, and 2,696 square feet of living space. Based on our analysis of the current market conditions in Rives for Rives Mount Pelia Rd and comparable listings, the estimated market value is $242,249. The property located at has potential equity of $10,750. If purchased for rental purposes, the monthly rental rate could range between $1,080 and $1,320. For those interested in resale, the estimated profit from selling is $10,750. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Rives Mount Pelia Rd are updated daily along with others in Rives, Tennessee. Since this property is a foreclosure, check out our Foreclosure Timeline for Rives Mount Pelia Rd below to see helpful information about this listing.

Foreclosure Timeline

Rives Mount Pelia Rd in Rives Tennessee Property History

Not in Foreclosure



Bank Owned

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Bank owned
The lender has taken ownership of this property through a foreclosure auction for the amount of $257,000. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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$100 Down HUD Home

Purchase this incredible HUD home with just a $100 down payment! U.S. Department of Housing and Urban Development (HUD) is a federal agency that insures mortgages to homeowners through its Federal Housing Administration (FHA). Therefore, when banks foreclose on HUD-guaranteed mortgages, the government agency acquires the properties and often offers them for sale at super low prices to the public. HUD houses are among the very best deals in real estate today and, accordingly, don't last long on the market. Act fast!

First Steps to Buying a Foreclosure

Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:


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Rental Value

The estimated rental value for Rives Mount Pelia Rd located in Rives, TN is $1,201/month. Comparable homes around Rives Mount Pelia Rd that are rentals have monthly ranges starting as low as $1,080 per month and as high as $1,320 per month. An owner looking to use this property as an investment could bring a return in the area of $1,080 - $1,320 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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Rives Mount Pelia Rd
Rives, TN 38253

4 Beds   3 Baths   2,696 sq. ft.


Status: Active Listing ID: 59712144

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