6 Beds   3 Baths   2,640 Sq. Ft.
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South Ave
Wilkinsburg, PA 15221

*Rental Value Coming Soon

Overview

This is located at South Ave, Wilkinsburg, PA 15221. 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 6 Beds, 3 Baths , 2,640 sqft of living space.
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Status: Inactive
Listing ID: 61228873
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Learn about South Ave in Wilkinsburg, PA

This property is available as a preforeclosure at South Ave. It has 6 bedrooms, 3 bathrooms, and 2,640 square feet of living space. Based on our analysis of the current market conditions in Wilkinsburg for South Ave and comparable listings, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at South Ave are updated daily along with others in Wilkinsburg, Pennsylvania.


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Property Information

  • Bedrooms: 6
  • Bathrooms: 3
  • Living Area Size: 2,640
  • Year Built: 1897
  • Source ID: 22270811
  • Day(s) On Site: 88
  • Trustee Name: Christopher DeNardo
  • Trustee Phone: (610) 278-6800
  • Deed Category: NFS
  •  

Public Records

  • Bedrooms: 6
  • Baths: 3
  • Full Baths: 3
  • Rooms: 14
  • No. of Stories: 2
  • Exterior Wall Type: BRICK
  • Heating Type: CENTRAL
  • Roof Material: SHINGLE
  • Land Area Sqft: 4,356
  • Year Built: 1897
  • APN: 0233-A-00301
  • Property Type: Duplex, Triplex, Quadplex
  • Township: WILKINSBURG
  • Front Footage: 33
  • Depth Footage: 132
  • Living Sqft: 2,640
  • Style: MULTI-FAMILY
  •  

Preforeclosure

The property located at South Ave in Wilkinsburg, PA is listed as a Preforeclosure

This listing located at South Ave in Wilkinsburg, PA could be available as a Rent-to-Own listing as well, additional diligence will be required from the buyer to determine if this listing can be approved as a RTO.

Please take note that this property in Wilkinsburg, Pennsylvania is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Wilkinsburg, PA, commonly referred to as Pre-Foreclosure, indicating that the homeowner has missed at least one payment and is considered delinquent. However, instead of going through a potentially lengthy foreclosure process, which could take up to 18 months, the homeowner may be open to considering a Rent-to-Own option that covers their mortgage.

Since Pre-Foreclosure properties are not formally listed for sale, there is no asking price available. Instead, you’ll find either the original loan balance or an Estimated Market Value (EMV) provided. To make a reasonable offer for this home, it’s advisable to use either the loan balance or EMV amount in conjunction with local sale price comparables to determine an appropriate offer. Alternatively, the homeowner might be willing to work with you on a monthly amount that can help them avoid the foreclosure process.

You may also want to check with a real estate attorney or other legal authority to discuss the potential risks of executing a Rent-to-Own agreement with the current Pre-foreclosure owner. If the current owner in Wilkinsburg, Pennsylvania doesn't make their mortgage payments, they could lose the property which would directly affect you and your Rent-to-Own agreement.

For this reason, many buyers find a real estate investor or investment company to buy a Pre-Foreclosure property from the current owner. The investor/investment company could then offer you a Rent-to-Own agreement on that property that you worked out with them in advance, which could stabilize the investment and prevent complications.

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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Auction Information

  • Auction Date: 01-02-2024
  • Auction Time: 09:00 AM

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South Ave
Wilkinsburg, PA 15221

6 Beds   3 Baths   2,640 sq. ft.

 

Status: Inactive Listing ID: 61228873

Property Information

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Public Records

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Property Description

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Listing URL

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