$364,565 EMV

1 Bed   1 Bath   874 Sq. Ft.   Single-Family
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Cedar Dr
Lake Elsinore, CA 92530


This Single-Family Preforeclosure is located at Cedar Dr, Lake Elsinore, CA 92530. It has 1 Bed, 1 Bath , 874 sqft of living space. This property is currently in pre-foreclosure with an estimated market value of $364,565.
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Status: Active
Listing ID: 59624160
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Learn about Cedar Dr in Lake Elsinore, CA

This single-family property is available as a preforeclosure at Cedar Dr. It has 1 bedrooms, 1 bathrooms, and 874 square feet of living space. Based on our analysis of the current market conditions in Lake Elsinore for Cedar Dr and comparable listings, the estimated market value is $364,565. If purchased for rental purposes, the monthly rental rate could range between $1,241 and $1,680. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Cedar Dr are updated daily along with others in Lake Elsinore, California. Since this property is a preforeclosure, check out our Foreclosure Timeline for Cedar Dr below to see helpful information about this listing.

Foreclosure Timeline

Cedar Dr in Lake Elsinore California Property History

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Bank Owned

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The property located at Cedar Dr in Lake Elsinore, CA is listed as a Preforeclosure

The process of preforelcosure with properties like Cedar Dr in Lake Elsinore, California 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 Cedar Dr located in Lake Elsinore, CA is $1,460/month. Comparable homes around Cedar Dr that are rentals have monthly ranges starting as low as $1,241 per month and as high as $1,680 per month. An owner looking to use this property as an investment could bring a return in the area of $1,241 - $1,680 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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Cedar Dr
Lake Elsinore, CA 92530

1 Bed   1 Bath   874 sq. ft.   Single-Family

$364,565 EMV

Status: Active Listing ID: 59624160

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