$59,500 EMV

3 Beds   2 Baths   472 Sq. Ft.
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Spruce St
Clarksdale, MS 38614

Overview

This Preforeclosure is located at Spruce St, Clarksdale, MS 38614. It has 3 Beds, 2 Baths , 472 sqft of living space. This property is currently in auction with an estimated market value of $59,500.
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Status: Inactive
Listing ID: 57652043

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Property Information

  • Bedrooms: 3
  • Bathrooms: 2
  • Living Area Size: 472
  • Total Square Feet: 998
  • Year Built: 1948
  • Day(s) On Site: 146
  • Sale Type: ForeclosureTrustee
  • Subdivision: DORR ADD 03
  • Source Status: Live Event
  • Deed Category: NFS

Potential Home Value

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Public Records

  • Bedrooms: 2
  • Rooms: 4
  • Exterior Wall Type: HARDBOARD
  • Foundation Type: CONCRETE
  • Roof Material: ASPHALT SHINGLE
  • Roof Type: GABLE
  • Year Built: 1940
  • APN: 392-230460007-0001101
  • Property Type: Single Family Residence
  • Living Sqft: 472
  • Subdivision: DORR ADD 03
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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: 08-08-2022
  • Auction Location: 115 1st Street
  • Auction City: Clarksdale
  • Auction State: MS
  • Auction Zip: 38614

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Rental Value

The estimated rental value for Spruce St located in Clarksdale, MS is $770/month. Comparable homes around Spruce St that are rentals have monthly ranges starting as low as $650 per month and as high as $890 per month. An owner looking to use this property as an investment could bring a return in the area of $650 - $890 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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Spruce St
Clarksdale, MS 38614

3 Beds   2 Baths   472 sq. ft.

$59,500 EMV

Status: Inactive Listing ID: 57652043

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=Spruce-St-Clarksdale-MS-38614/57652043_lid

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