$252,005 EMV

5 Beds   2 Baths   1,304 Sq. Ft.   Single-Family
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Zook Spur Rd
Madrid, IA 50156


This Single-Family Preforeclosure is located at Zook Spur Rd, Madrid, IA 50156. It has 5 Beds, 2 Baths , 1,304 sqft of living space. This property is currently in pre-foreclosure with an estimated market value of $252,005.
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Status: Active
Listing ID: 59748561
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Learn about Zook Spur Rd in Madrid, IA

This single-family property is available as a preforeclosure at Zook Spur Rd. It has 5 bedrooms, 2 bathrooms, and 1,304 square feet of living space. Based on our analysis of the current market conditions in Madrid for Zook Spur Rd and comparable listings, the estimated market value is $252,005. If purchased for rental purposes, the monthly rental rate could range between $950 and $1,291. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Zook Spur Rd are updated daily along with others in Madrid, Iowa. Since this property is a preforeclosure, check out our Foreclosure Timeline for Zook Spur Rd below to see helpful information about this listing.

Foreclosure Timeline

Zook Spur Rd in Madrid Iowa Property History

Not in Foreclosure



Bank Owned

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The property located at Zook Spur Rd in Madrid, IA is listed as a Preforeclosure

The process of preforelcosure with properties like Zook Spur Rd in Madrid, Iowa begin 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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Rental Value

The estimated rental value for Zook Spur Rd located in Madrid, IA is $1,121/month. Comparable homes around Zook Spur Rd that are rentals have monthly ranges starting as low as $950 per month and as high as $1,291 per month. An owner looking to use this property as an investment could bring a return in the area of $950 - $1,291 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.

Listing History

Start Date End Date Listing Type Bank Name
06/22/21   Tax Lien

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Zook Spur Rd
Madrid, IA 50156

5 Beds   2 Baths   1,304 sq. ft.   Single-Family

$252,005 EMV

Status: Active Listing ID: 59748561

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