$334,164 EMV

3 Beds   1 Bath   1,048 Sq. Ft.
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6th St
North Beach, MD 20714

Overview

This Preforeclosure is located at 6th St, North Beach, MD 20714. It has 3 Beds 1 Bath , 1,048 sqft of living space. This property is currently in auction with an estimated market value of $334,164.
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Status: Active
Listing ID: 61831004
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Learn about 6th St in North Beach, MD

This property is available as a preforeclosure at 6th St. This property features 3 bedrooms and 1 bathrooms, perfect for investment and/or your personal residence. With 1,048 square feet of living space, you can enjoy sizable rooms for comfortable living and flexibility in the common areas for family gatherings. Our team of real estate experts has conducted a thorough analysis of the current market conditions in North Beach, specifically for 6th St and comparable listings. Based on this expert analysis, the estimated market value is $334,164. If purchased for rental purposes, the monthly rental rate could range between $1,400 and $1,900, providing a solid return on investment. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on 6th St are updated daily along with others in North Beach, Maryland, ensuring you have the most current and accurate information. Since this property is a preforeclosure, be sure to check out our Foreclosure Timeline for 6th St below to see detailed and helpful information about what stage of the foreclosure process this listing is in.


Buy this home for as little as

Plus with taxes and insurance

Based on 20% down, 30 year mortgage, with 6% APR

Principal
Interest
Property Taxes
Homeowners Insurance
Total Monthly Ownership Cost

All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.

Foreclosure Timeline

6th St in North Beach Maryland Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on 6th St
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This Property Has An Auction

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Address: 6th St North Beach MD 20714

Auction Time Left

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The countdown is usually accurate but not exact. To be safe, place bids 2 hours before the bidding ends.

What is the city of North Beach, MD like?

North Beach, Maryland, is a charming coastal town located along the Chesapeake Bay, offering picturesque views and a serene environment. The town is known for its friendly atmosphere, small-town charm, and vibrant community events, making it an inviting place for families and retirees alike.

Residents enjoy access to beautiful beaches, waterfront parks, and a variety of outdoor activities such as kayaking and fishing. The boardwalk and beach provide a perfect setting for leisurely strolls, picnics, and local festivals throughout the year.

North Beach also boasts a delightful array of local shops, restaurants, and cafes, fostering a strong sense of community. With its proximity to major highways, it offers convenient access to the bustling cities of Washington, D.C., and Annapolis while still providing the tranquility of a coastal lifestyle.

Nearby Schools

There are 4 schools in the area. Nearby schools include North Beach Elementary School and Southern Middle School.

North Beach Elementary School
Southern Middle School
Chesapeake Beach Elementary School
Calvert High School

Nearby Attractions

There are plenty of activities near this property like North Beach Library, North Beach Community Center, and more.

North Beach Library
North Beach Community Center
Calvert Memorial Hospital
Poker Room at North Beach

What kind of public transportation is there?


Public transportation options include: Calvert County Transit - offers bus services to nearby towns and cities, BayRunner Shuttle - connecting to major transportation hubs. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include North Beach Town Park, Brownies Beach Park and more.

North Beach Town Park
Brownies Beach Park
Peggy's Point Park
Calvert Cliffs State Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile
Sprint

Internet Providers

Xfinity
Verizon Fios
CenturyLink
Rental Chart
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for 6th St in North Beach Maryland
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Property Information

Public Records

Community & Neighborhood

This property in North Beach, MD is located in the North Ches Beach Subdivision.


Preforeclosure

The property located at 6th St in North Beach, MD is listed as a Preforeclosure

This listing located at 6th St in North Beach, MD could be available as a Rent-to-Own listing as well, additional diligence will be required from the buyer to determine if this listing can be approved as a RTO.

Please take note that this property in North Beach, Maryland is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in North Beach, MD, commonly referred to as Pre-Foreclosure, indicating that the homeowner has missed at least one payment and is considered delinquent. However, instead of going through a potentially lengthy foreclosure process, which could take up to 18 months, the homeowner may be open to considering a Rent-to-Own option that covers their mortgage.

Since Pre-Foreclosure properties are not formally listed for sale, there is no asking price available. Instead, you’ll find either the original loan balance or an Estimated Market Value (EMV) provided. To make a reasonable offer for this home, it’s advisable to use either the loan balance or EMV amount in conjunction with local sale price comparables to determine an appropriate offer. Alternatively, the homeowner might be willing to work with you on a monthly amount that can help them avoid the foreclosure process.

You may also want to check with a real estate attorney or other legal authority to discuss the potential risks of executing a Rent-to-Own agreement with the current Pre-foreclosure owner. If the current owner in North Beach, Maryland doesn't make their mortgage payments, they could lose the property which would directly affect you and your Rent-to-Own agreement.

For this reason, many buyers find a real estate investor or investment company to buy a Pre-Foreclosure property from the current owner. The investor/investment company could then offer you a Rent-to-Own agreement on that property that you worked out with them in advance, which could stabilize the investment and prevent complications.

This is an important legal concept to understand before moving forward

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Auction Information

Legal Information

Credit Information Center

County Information

Document Center

Rental Value

The estimated rental value for 6th St located in North Beach, MD is $1,650/month. Comparable homes around 6th St that are rentals have monthly ranges starting as low as $1,400 per month and as high as $1,900 per month. An owner looking to use this property as an investment could bring a return in the area of $1,400 - $1,900 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.

Listing History

Start Date End Date Listing Type Bank Name
05/09/24   Bankruptcy
04/27/24 05/11/24 Preforeclosure
04/16/24   Preforeclosure
06/25/22 12/24/22 Tax Lien

Similar Homes Nearby North Beach, MD


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6th St
North Beach, MD 20714

3 Beds   1 Bath   1,048 sq. ft.

$334,164 EMV

Status: Active Listing ID: 61831004

Property Information

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Public Records

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=6th-St-North-Beach-MD-20714/61831004_lid

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