1508 Biscayne Bay Dr, Jacksonville, FL 32218 - Foreclosure
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1508 Biscayne Bay Dr, Jacksonville, FL 32218

2 beds, 2.5 baths, 1,392 sqft
Foreclosed
Foreclosure Estimate: $50,596
Below Zestimate®: $12K (19%)

This property is owned by a bank or a lender who took ownership through foreclosure proceedings. It may soon be listed for sale. This property is not found on a multiple listing service (MLS).

A Foreclosure Estimate is the price Zillow predicts a property will sell for if it's listed as a foreclosure (bank-owned property or real estate owned). Learn more

Zillow predicts this property will sell for $50,596 if it's listed for sale as a foreclosure. This is 19.0% or $11,869 below the Zestimate® home valuation of $62,465. Learn more

My Notes
Edit
This home is a Real Estate Owned (REO)/Post Foreclosure. Once a lender has foreclosed on a property it is soon put up for public auction. If bids fall short of the asking price the bank will buy back the home and attempt to sell it on the open market. However, lenders are not real estate agents, meaning that they will often accept offers 30 to 60 percent less than market value!
Facts
  • Lot: 5,655 sqft
  • Single Family
  • Built in 2005
  • 894 days on Zillow
  • Cooling: Central
  • Heating: Forced air
  • Last sold: Jun 2010 for $53,000
Features
  • Parking: 240 sqft
      Construction
      • Construction quality: 6.0
      • Exterior material: Stucco
      • Roof type: Asphalt
      • # Stories: 2.0
      Other
      • Floor size: 1,392 sqft
      • Last remodel year: 2005
      • Parcel #: 0197012980
      • Zillow Home ID: 71038451

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      DATEForeclosed$000,000The lender, Unknown, has taken ownership of this property through a foreclosure auction for the amount of $000,000. The lender may list it for sale as a foreclosure property in the future. Zillow's Foreclosure Estimate predicts this property will sell for $000,000
      DATEForeclosure auction$000,000The owner of this property has been served a Notice of Trustee Sale which led to foreclosure and the lender taking ownership. A foreclosure auction was held on Date
      DATEHome in default$000,000The owner of this property has been served a Notice of Default. The loan in default was issued by Unknown on Date in the amount of $000,000
      DATEPrevious sale$000,000The home was last sold for $000,000.

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      Home Values
      Add owner estimate
      Zestimate What's this?
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      A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

      The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

      Don't agree with your home's Zestimate? Owners can edit their home facts to make the Zestimate more accurate. Plus, you can leave an opinion on your Zestimate value below. Just click "Owner Estimate".
      $62,465
      +$5,593 Last 30 daysd
      $51K
      $71K
      Zestimate range
      Rent Zestimate What's this?
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      A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

      The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
      $921/mo
      +$3 Last 30 daysd
      $838
      $967
      Zestimate range
      Zestimate forecast
      $XXX,XXX
      0
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      Neighborhood for 1508 Biscayne Bay Drive

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      Zillow predicts Turtle Creek home values will rise 3.9% next year, compared to a 4% rise for Jacksonville as a whole.

      Foreclosures will be a factor impacting home values in the next several years. In the Turtle Creek market, the number of foreclosures waiting to be sold shrank 141.8% in the last year. The number of unsold foreclosures is 39% greater than in Jacksonville, and 314.9% greater than the national average. This higher local number may prevent Turtle Creek home values from rising as quickly as other regions in Jacksonville.

      Learn more about forecast calculations or Turtle Creek home values.
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        Contact a foreclosure specialist

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        Premier Agents specialize in this area and can assist you in seeing a home or answer your questions.

        Are you an agent looking for more exposure for yourself or your listings? Call Zillow at 866-324-4005
        Find foreclosure specialists in your area. Visit our professional directory.

        Email successfully sent!Submission failed!

        Next: Find out what you can afford on Zillow Mortgage Marketplace.

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        Next: Get Pre-Approved

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        Contact me

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