$405,335 EMV

2 Beds   1 Bath   1,380 Sq. Ft.   Single-Family
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S 223rd St
Des Moines, WA 98198

Overview

This Single-Family Foreclosure is located at S 223rd St, Des Moines, WA 98198. It has 2 Beds, 1 Bath , 1,380 sqft of living space. This property is currently bank owned with an estimated market value of $405,335.
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Status: Active
Listing ID: 61583052
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Learn about S 223rd St in Des Moines, WA

This single-family property is available as a foreclosure at S 223rd St. It has 2 bedrooms, 1 bathrooms, and 1,380 square feet of living space. Based on our analysis of the current market conditions in Des Moines for S 223rd St and comparable listings, the estimated market value is $405,335. If purchased for rental purposes, the monthly rental rate could range between $1,580 and $2,140. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at S 223rd St are updated daily along with others in Des Moines, Washington. Since this property is a foreclosure, check out our Foreclosure Timeline for S 223rd St below to see helpful information about this listing.


Foreclosure Timeline

S 223rd St in Des Moines Washington Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on S 223rd St
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02/09/24
Bank owned
Properties listed as foreclosures have passed the point of auction or public sale. 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.
02/22/23
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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Community & Neighborhood

This property in Des Moines, WA is located in the New Addition Subdivision.


Foreclosure

The property located at S 223rd St in Des Moines, WA is listed as a Foreclosure

Properties like S 223rd St in Des Moines, Washington listed as foreclosures have passed the point of auction or public sale. 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 through a local real estate agent or auction house in Des Moines, WA. The longer lenders own properties like this on S 223rd St, the more eager they become to sell, often at reduced prices.

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 S 223rd St located in Des Moines, WA is $1,860/month. Comparable homes around S 223rd St that are rentals have monthly ranges starting as low as $1,580 per month and as high as $2,140 per month. An owner looking to use this property as an investment could bring a return in the area of $1,580 - $2,140 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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S 223rd St
Des Moines, WA 98198

2 Beds   1 Bath   1,380 sq. ft.   Single-Family

$405,335 EMV

Status: Active Listing ID: 61583052

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Property Description

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