4 Beds   4 Baths   2,825 Sq. Ft.   Multi-Family
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51st Ave N
New Hope, MN 55428

Status: Inactive
Listing ID: 56884531

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Property Information

  • Bedrooms: 4
  • Bathrooms: 4
  • Living Area Size: 2,825
  • Year Built: 1980
  • Source ID: 21323977
  • Day(s) On Site: 231
  • Improvement Value: $221,000
  • Assessed Value: $317,000
  • Land Value: $96,000
  • Parcel Number: 0711821140057
  • Property Type: Multi Family Dwelling
  • Defendant Name: JOSEPH M STROTHMAN
  • Last Sale Amount: $305,000
  • Last Sale Date: 04-07-2003
  • Trustee Name: LOGS LEGAL GROUP LLP
  • Trustee Address: 12550 WEST FRONTAGE ROAD SUITE 200
  • Trustee City: BURNSVILLE
  • Trustee State: MN
  • Trustee Zip: 55337
  • Trustee Phone: (952) 831-4060
  • Trustee Reference Number: 21-114085
  • Deed Category: NFS

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Public Records

  • Bedrooms: 4
  • Baths: 5
  • Full Baths: 4
  • Rooms: 12
  • No. of Stories: SPLIT FOYER
  • Basement Sqft: 2,158
  • Parking Sqft: 462
  • Air Conditioning: YES
  • Exterior Wall Type: METAL
  • Foundation Type: CONCRETE BLOCK
  • Heating Type: FORCED AIR
  • Roof Material: ASPHALT
  • Roof Type: GABLE
  • Land Area Sqft: 10,018
  • Effective Year Built: 1980
  • Year Built: 1978
  • APN: 07-118-21-14-0057
  • Property Type: Apartment
  • Township: NEW HOPE
  • Three Qtr Baths: 2
  • Garage: BASEMENT - 1 CAR
  • Style: BUNGALOW


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.


Auction Information

  • Auction Date: 12-28-2021
  • Auction Time: 10:00 AM
  • Auction Address: 350 SOUTH 5TH STREET
  • Auction City: MINNEAPOLIS

    Loan Information

  • 1st Mortgage Date: 06-02-2009

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51st Ave N
New Hope, MN 55428

4 Beds   4 Baths   2,825 sq. ft.   Multi-Family


Status: Inactive Listing ID: 56884531

Property Information

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Public Records

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Property Description

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