$334,223 EMV

2 Baths   1,911 Sq. Ft.   Single-Family
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Sheephouse Rd
Pocomoke City, MD 21851


This Single-Family Preforeclosure is located at Sheephouse Rd, Pocomoke City, MD 21851. It has 2 Baths , 1,911 sqft of living space. This property is currently in pre-foreclosure with an estimated market value of $334,223.
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Status: Active
Listing ID: 59787276
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Learn about Sheephouse Rd in Pocomoke City, MD

This single-family property is available as a preforeclosure at Sheephouse Rd. It has bedrooms, 2 bathrooms, and 1,911 square feet of living space. Based on our analysis of the current market conditions in Pocomoke City for Sheephouse Rd and comparable listings, the estimated market value is $334,223. If purchased for rental purposes, the monthly rental rate could range between $1,181 and $1,600. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Sheephouse Rd are updated daily along with others in Pocomoke City, Maryland. Since this property is a preforeclosure, check out our Foreclosure Timeline for Sheephouse Rd below to see helpful information about this listing.

Foreclosure Timeline

Sheephouse Rd in Pocomoke City Maryland Property History

Not in Foreclosure



Bank Owned

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The property located at Sheephouse Rd in Pocomoke City, MD is listed as a Preforeclosure

The process of preforelcosure with properties like Sheephouse Rd in Pocomoke City, Maryland 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 Sheephouse Rd located in Pocomoke City, MD is $1,390/month. Comparable homes around Sheephouse Rd that are rentals have monthly ranges starting as low as $1,181 per month and as high as $1,600 per month. An owner looking to use this property as an investment could bring a return in the area of $1,181 - $1,600 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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Sheephouse Rd
Pocomoke City, MD 21851

2 Baths   1,911 sq. ft.   Single-Family

$334,223 EMV

Status: Active Listing ID: 59787276

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