Magnolia, Delaware 19962
Listing Details
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Magnolia, DE 19962

5 Beds | 4 Baths
Foreclosure
Listing ID: 52465414

$240,000

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. For more check out 'First Steps' below.
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  • Property Information
    • Price: $240,000
    • Bedrooms: 5
    • Bathrooms: 4
    • Full Baths: 3
    • Half Baths: 1
    • Basement: Yes
    • Lot Size: 0.24 acres
    • Style: Contemporary
    • Heating Type: Forced Air
    • Air Conditioning: Central A/C
    • Year Built: 2012
    • Description: R-10948 This is one of the larger model homes in The Reserve at Chestnut Ridge, with 5 large bedrooms, 3.5 bathrooms, a very large family room next to the kitchen and sunroom. There is a partially finished basement with two large open rooms , plus a full bath. Lots of storage in the garage and unfinished section of the basement. This home is in need of lots of cosmetic repairs on all three levels. Utilities are on and the home has been occupied until recently. The seller is selling the property in as-is condition and will not make repairs . There is an active HOA, information available in "Documents". This home may be eligible for seller financing (Vendee). Copyright 2019 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
    • Source ID: DEKT228784
    • Day(s) On Site: 99
  • Property Tax Roll
    • Subdivision: Resrv Chestnut Ridge
    • School District: CAESAR RODNEY
    • Junior High School: F NEIL POSTLETHWAIT
    • Senior High School: CAESAR RODNEY
    • Property Type: Single Family Dwelling
  • AVM Report
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  • County Information
  • Document Center
  • Mortgage Information
    • Estimated Monthly Payment: Payments as low as $1,261 per month
    • Monthly Payment Disclaimer:

      Based on a 30 year fixed-rate of

      5.75% with $24,000 (10%) down.

      Check rates now!
Listing History
Start Date End Date Listing Type  
05/15/19 05/30/19 Foreclosure View now
11/19/18 01/03/19 Preforeclosure View now
11/16/18 01/03/19 Preforeclosure View now
  • Contact Information
    • Agent Company: RE/MAX Horizons Inc
    • Agent Name: Edward Hammond
    • Agent Company Address: 1198 Governors AVENUE
    • Agent Company City: Dover
    • Agent Company State: DE
    • Agent Company Zip: 19904
    • Agent Company Phone: (302) 678-4300
    • Agent Company Email: Email Now
    • Agent Phone: (302) 678-4300
    • Agent Email: Email Now

FIRST STEPS:

Foreclosures

You've identified an ideal foreclosure property. Now what?

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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.

A property will most likely be listed with a Realtor® who can assist you with submitting an offer.

Contact the listing broker's office as soon as possible to learn about how to visit the property, make offers, and close a transaction. For your convenience, this contact information is located to your left under the property's "Contact Information" header.

This is a big investment. Therefore, learn as much as you can about the property, lender, loan amount and expenses the lender wants to recover.

Once you've gathered this information, it's time to make an informed offer.

Always keep in mind that the seller's primary objective is to recover the amount of the loan balance that was not paid by the previous homeowner, as well as the costs of the foreclosure action and other expenses.

However, the longer lenders own properties, the more eager they become to sell them, often at reduced prices.

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