$284,900

4 Beds   3.1 Baths
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S Countyfair Dr
Monee, IL 60449

Potential Profit
$50,217

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Status: Active
Listing ID: 59817908
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Learn about S Countyfair Dr in Monee, IL

This property is available as a foreclosure at S Countyfair Dr. Based on our analysis of the current market conditions in Monee for S Countyfair Dr and comparable listings, the estimated market value is $328,482. The property located at has potential equity of $50,217. If purchased for rental purposes, the monthly rental rate could range between $1,850 and $2,270. For those interested in resale, the estimated profit from selling is $50,217. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at S Countyfair Dr are updated daily along with others in Monee, Illinois. Since this property is a foreclosure, check out our Foreclosure Timeline for S Countyfair Dr below to see helpful information about this listing.


Foreclosure Timeline

S Countyfair Dr in Monee Illinois Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on S Countyfair Dr
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03/06/23
Bank owned
The lender has taken ownership of this property through a foreclosure auction for the amount of $284,900. 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.
05/22/08
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 S Countyfair Dr in Monee, IL is listed as a Foreclosure

Properties like S Countyfair Dr in Monee, Illinois 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 Monee, IL. The longer lenders own properties like this on S Countyfair Dr, 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 S Countyfair Dr located in Monee, IL is $2,060/month. Comparable homes around S Countyfair Dr that are rentals have monthly ranges starting as low as $1,850 per month and as high as $2,270 per month. An owner looking to use this property as an investment could bring a return in the area of $1,850 - $2,270 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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S Countyfair Dr
Monee, IL 60449

4 Beds   3.1 Baths

$284,900

Status: Active Listing ID: 59817908

Property Information

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Public Records

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Property Description

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