$3,599,222 EMV

4 Beds   4.5 Baths   5,673 Sq. Ft.   Single-Family
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Cedar Creek Dr
Houston, TX 77056

Overview

This Single-Family Foreclosure is located at Cedar Creek Dr, Houston, TX 77056. It has 4 Beds, 4.5 Baths , 5,673 sqft of living space. This property is currently bank owned with an estimated market value of $3,599,222.
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Status: Active
Listing ID: 57852246

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Foreclosure Timeline

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

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04/21/22
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.
09/05/19
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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Property Information

Public Records

Foreclosure

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 through a local real estate agent or auction house. The longer lenders own properties, however, 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 Cedar Creek Dr located in Houston, TX is $4,320/month. Comparable homes around Cedar Creek Dr that are rentals have monthly ranges starting as low as $4,100 per month and as high as $4,540 per month. An owner looking to use this property as an investment could bring a return in the area of $4,100 - $4,540 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.


Houston, TX
Home Inspectors
Aron Inspections
Ricardo Barro-Villadoniga
832-583-6172
Texas Real Estate
Jonathan E. Lang
281-300-9276
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Homes On This Street
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Cedar Creek Dr
Houston, TX 77056

4 Beds   4.5 Baths   5,673 sq. ft.   Single-Family

$3,599,222 EMV

Status: Active Listing ID: 57852246

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/index.html?&listingid=57852246

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