$105,251 EMV

1 Bath   780 Sq. Ft.   Single-Family
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Sulphur Springs Rd
Morristown, TN 37813

Overview

This Single-Family Foreclosure is located at Sulphur Springs Rd, Morristown, TN 37813. It has 1 Bath , 780 sqft of living space. This property is currently bank owned with an estimated market value of $105,251.
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Status: Active
Listing ID: 59173517
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Learn about Sulphur Springs Rd in Morristown, TN

This single-family property is available as a foreclosure at Sulphur Springs Rd. It has bedrooms, 1 bathrooms, and 780 square feet of living space. Based on our analysis of the current market conditions in Morristown for Sulphur Springs Rd and comparable listings, the estimated market value is $105,251. If purchased for rental purposes, the monthly rental rate could range between $561 and $680. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Sulphur Springs Rd are updated daily along with others in Morristown, Tennessee. Since this property is a foreclosure, check out our Foreclosure Timeline for Sulphur Springs Rd below to see helpful information about this listing.


Foreclosure Timeline

Sulphur Springs Rd in Morristown Tennessee Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Sulphur Springs Rd
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12/20/22
Bank owned
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. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.
10/14/22
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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Foreclosure

The property located at Sulphur Springs Rd in Morristown, TN is listed as a Foreclosure

Properties like Sulphur Springs Rd in Morristown, Tennessee 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 in Morristown, TN. The longer lenders own properties like this on Sulphur Springs Rd, 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 Sulphur Springs Rd located in Morristown, TN is $620/month. Comparable homes around Sulphur Springs Rd that are rentals have monthly ranges starting as low as $561 per month and as high as $680 per month. An owner looking to use this property as an investment could bring a return in the area of $561 - $680 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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Sulphur Springs Rd
Morristown, TN 37813

1 Bath   780 sq. ft.   Single-Family

$105,251 EMV

Status: Active Listing ID: 59173517

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=Sulphur-Springs-Rd-Morristown-TN-37813/59173517_lid

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