$413,187 EMV

3 Beds   3 Baths   1,742 Sq. Ft.   Single-Family
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Sparta Ave
Madera, CA 93636

Overview

This Single-Family Preforeclosure is located at Sparta Ave, Madera, CA 93636. It has 3 Beds, 3 Baths , 1,742 sqft of living space. This property is currently in auction with an estimated market value of $413,187.
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Status: Inactive
Listing ID: 58117996

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Property Information

  • Bedrooms: 3
  • Bathrooms: 3
  • Living Area Size: 1,742
  • Lot Size: 0.33 acres
  • Year Built: 1979
  • Source ID: 14495797
  • Day(s) On Site: 54
  • Subdivision: MADERS RHOS 04 64
  • Parcel Number: 049-361-014-000
  • Property Type: Single Family Dwelling
  • Plaintiff: Mortgage Research Center LLC
  • Defendant Name: CLARK, ADELL A
  • Recording Date: 10-12-2021
  • Trustee Name: TRUSTEE CORPS
  • Trustee Address: 17100 Gillette Ave
  • Trustee City: Irvine
  • Trustee State: CA
  • Trustee Zip: 92614
  • Trustee Phone: (702) 659-7766
  • Trustee Reference Number: CA06000032-20-1
  • Deed Category: NTS
  • Document Number: 202100031860
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Potential Home Value

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Public Records

  • Bedrooms: 3
  • Baths: 3
  • Full Baths: 3
  • Rooms: 10
  • Land Area Sqft: 14,374
  • APN: 049-361-014
  • Property Type: Single Family Residence
  • Subdivision: MADERS RHOS 04 64

Preforeclosure

Often, the preforeclosure period is the best time to purchase a property. The process begins 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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Auction Information

  • Auction Date: 08-10-2022
  • Auction Time: 11:00 AM
  • Auction Address: 209 Yosemite Madera Ca

    Loan Information

  • 1st Mortgage Date: 10-12-2017

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Rental Value

The estimated rental value for Sparta Ave located in Madera, CA is $1,750/month. Comparable homes around Sparta Ave that are rentals have monthly ranges starting as low as $1,580 per month and as high as $1,930 per month. An owner looking to use this property as an investment could bring a return in the area of $1,580 - $1,930 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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Sparta Ave
Madera, CA 93636

3 Beds   3 Baths   1,742 sq. ft.   Single-Family

$413,187 EMV

Status: Inactive Listing ID: 58117996

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=Sparta-Ave-Madera-CA-93636/58117996_lid

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