$125,000

3 Beds   1 Bath   875 Sq. Ft.   Single-Family
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Sherman Rd
Millington, TN 38053

Overview

This Single-Family is located at Sherman Rd, Millington, TN 38053. 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, 1 Bath , 875 sqft of living space.
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Status: Inactive
Listing ID: 58357854

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Property Information

  • Price: $125,000
  • Bedrooms: 3
  • Bathrooms: 1
  • Living Area Size: 875
  • Year Built: 1951
  • Subdivision: EAST ACRES
  • Property Type: Single Family Dwelling
  •  

Public Records

  • Bedrooms: 3
  • Baths: 1
  • Full Baths: 1
  • Rooms: 5
  • No. of Stories: 1
  • Exterior Wall Type: COMPOSITION
  • Heating Fuel: GAS
  • Roof Material: COMPOSITION SHINGLE
  • Roof Type: GABLE
  • Land Area Sqft: 19,400
  • Year Built: 1951
  • APN: D01-16-A-179
  • Property Type: Single Family Residence
  • Township: UNINCORPORATED
  • Front Footage: 100
  • Depth Footage: 194
  • Living Sqft: 875
  • Style: LOG
  • Subdivision: EAST ACRES
  •  

Foreclosure

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 through a local real estate agent or auction house. The longer lenders own properties, however, 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 Sherman Rd located in Millington, TN is $1,001/month. Comparable homes around Sherman Rd that are rentals have monthly ranges starting as low as $900 per month and as high as $1,100 per month. An owner looking to use this property as an investment could bring a return in the area of $900 - $1,100 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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Sherman Rd
Millington, TN 38053

3 Beds   1 Bath   875 sq. ft.   Single-Family

$125,000

Status: Inactive Listing ID: 58357854

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Sherman-Rd-Millington-TN-38053/58357854_lid

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