2718 Thomas Ave N, Minneapolis, MN 55411 - Foreclosure
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2718 Thomas Ave N, Minneapolis, MN 55411

2 beds, 1 bath, 760 sqft
Foreclosed
Foreclosure Estimate: $51,884
Below Zestimate®: $21K (29%)

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 $51,884 if it's listed for sale as a foreclosure. This is 29.0% or $21,193 below the Zestimate® home valuation of $73,077. 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: 5,227 sqft
  • Single Family
  • Built in 1912
  • 3662 days on Zillow
  • Heating: Forced air
  • Last sold: Sep 2004 for $124,900
Features
  • Parking: Garage - Detached
      Construction
      • Exterior material: Stucco
      • Roof type: Asphalt
      • Room count: 4
      • # Stories: 1.0
      • Unit count: 1
      Other
      • Floor size: 760 sqft
      • Lot depth: 128
      • Lot width: 40
      • Parcel #: 0802924440087
      • Zillow Home ID: 1764022

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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".
      $73,077
      +$0 Last 30 daysd
      $67K
      $80K
      Zestimate range
      Rent Zestimate What's this?
      Close
      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
      $1,089/mo
      -$2 Last 30 daysd
      $926
      $1.3K
      Zestimate range

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      Neighborhood for 2718 Thomas Avenue N

      View larger map
      Zillow predicts Jordan home values will increase 2.6% next year, compared to a 0.5% rise for Minneapolis as a whole.

      Foreclosures will be a factor impacting home values in the next several years. In Jordan, the number of foreclosures waiting to be sold is 128.4% higher than in Minneapolis, and 374.6% greater than the national average. This higher local number may prevent Jordan home values from rising as quickly as other regions in Minneapolis.

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

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