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Foreclosure Homes in Merrifield, MN

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Lord-rd-Merrifield-MN-56465
Preforeclosure
$263,548 EMV

Lord Rd
Merrifield, MN 56465

3 Bed | 3 Bath | 2,737 Sq. Ft.

Displaying 1 - 1 of 1
 

Home Value Estimator For Merrifield, MN

There are currently 40 real estate properties in Merrifield, MN, with a median automated valuation model (AVM) price of $356,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Merrifield, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Merrifield, MN, is $517,871.00, with the most expensive house in Merrifield, MN, topping out at $1,918,200.00 and the cheapest home in Merrifield, MN, clocking in at $121,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Merrifield, MN!


Rent Prices In Merrifield, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Merrifield, MN, is on a rollercoaster ride. The average rent price in Merrifield, MN, is $1,686.00. Indeed, when looking to rent in Merrifield, MN, you can expect to pay as little as $890.00 or as much as $2,280.00, with the average rent median estimated to be $1,560.00. The good news is that finding an affordable and desirable property to rent in Merrifield, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Foreclosure Homes in Merrifield, MN

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Merrifield, MN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Merrifield, MN and much more. Save thousands at closing with home foreclosure listings in Merrifield, MN — up to 75% off market value!


Top Reasons To Live In Merrifield, MN In 2021

Merrifield is located in Crow Wing, Minnesota, with an estimated municipal population of 73 residents. All of the best foreclosed homes for sale in Merrifield are located in the following zip code areas on Foreclosure.com: 56468 56465. The estimated population per square kilometer (.62 miles) in Merrifield is 51.


Diversity And Demographics In Merrifield, Minnesota

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Merrifield, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Merrifield is 69.4, split between 56.2 percent male versus 43.8 female. The percentage of residents who report being married in Merrifield is 76.7, with an average family size of 2.25.

The percentage of residents who report their race in Merrifield is as follows:

White 100%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 0%

Looking for family-friendly neighborhoods in and/or near Merrifield? Or maybe you are searching for 55+ active adult communities in and/or near Merrifield?

The percentage of residents who report their age in Merrifield is as follows:

Under 10 0%
Aged 10-19 0%
20s 0%
30s 0%
40s 0%
50s 17.8%
60s 38.4%
70s 21.9%
80+ 21.9%

Best Schools In Merrifield, Minnesota

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Merrifield with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Merrifield.


Pros And Cons Of Living In Merrifield, Minnesota

How do you know that living in -- or moving to -- Merrifield is right where you need to be? Perhaps you grew up in Merrifield or already live nearby; therefore, the decision to buy a home in Merrifield is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Merrifield for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Merrifield:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Merrifield.


Reasons To Move To Merrifield, Minnesota, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Merrifield can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Merrifield, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Merrifield, MN

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