$189,486 EMV

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7th St E
Glencoe, MN 55336

Overview

This Preforeclosure is located at 7th St E, Glencoe, MN 55336. This property is currently in auction with an estimated market value of $189,486.
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Status: Active
Listing ID: 63471090
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Homes near 7th St E in Glencoe, Minnesota


Learn about 7th St E in Glencoe, MN

This property is available as a preforeclosure at 7th St E. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Glencoe, specifically for 7th St E and comparable listings. Based on this expert analysis, the estimated market value is $189,486. If purchased for rental purposes, the monthly rental rate could range between $1,131 and $1,530, 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 7th St E are updated daily along with others in Glencoe, Minnesota, ensuring you have the most current and accurate information. Since this property is a preforeclosure, be sure to check out our Foreclosure Timeline for 7th St E 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

7th St E in Glencoe Minnesota Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on 7th St E
View Preforeclosure Status
04/28/25
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.

This Property Has An Auction

Get up-to-date information and real-time property status updates:

Address: 7th St E Glencoe MN 55336

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 Glencoe, MN like?

Glencoe, Minnesota, is a small city known for its friendly community and rich cultural heritage. The area boasts a variety of outdoor activities, with parks, sports facilities, and natural beauty surrounding the town, making it an attractive location for families and outdoor enthusiasts alike.

The city offers essential amenities, including shops, restaurants, and healthcare services, all nestled in a picturesque setting. Education is prioritized here, with local schools known for their commitment to student development, and Glencoe’s community events and local festivals foster a strong sense of camaraderie.

Transportation in Glencoe is convenient, with access to major highways connecting residents to nearby urban centers. The combination of a serene environment and the availability of necessary services creates a desirable living space for those seeking a balance between work and leisure.

Nearby Schools

There are 3 schools in the area. Nearby schools include Glencoe-Silver Lake High School and Nicollet Elementary School.

Glencoe-Silver Lake High School
Nicollet Elementary School
Glencoe-Silver Lake Middle School

Nearby Attractions

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

Glencoe Public Library
Glencoe Community Center
HealthEast Glencoe Clinic

What kind of public transportation is there?


Public transportation options include: Local transit services providing shuttle transportation to nearby towns, Regional bus service connecting Glencoe to larger cities. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Oak Leaf Park, Lake Marion Park and more.

Oak Leaf Park
Lake Marion Park
Glencoe City Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile

Internet Providers

Comcast Xfinity
Mediacom
CenturyLink
Rental Chart
View Rental and Market Value
for 7th St E in Glencoe Minnesota
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Property Information

Public Records

Community & Neighborhood

This property in Glencoe, MN is located in the Town Of Franklin Subdivision.


Preforeclosure

The property located at 7th St E in Glencoe, MN is listed as a Preforeclosure

This listing located at 7th St E in Glencoe, MN 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 Glencoe, Minnesota is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Glencoe, MN, 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 Glencoe, Minnesota 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

Loan Information

Legal Information

Credit Information Center

County Information

Document Center

Rental Value

The estimated rental value for 7th St E located in Glencoe, MN is $1,378/month. Comparable homes around 7th St E that are rentals have monthly ranges starting as low as $1,131 per month and as high as $1,530 per month. An owner looking to use this property as an investment could bring a return in the area of $1,131 - $1,530 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
04/28/25   Preforeclosure WELLS FARGO BANK NA
04/18/25 06/12/25 Preforeclosure Wells Fargo Bank, N.A.

Similar Homes Nearby Glencoe, MN


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7th St E
Glencoe, MN 55336

$189,486 EMV

Status: Active Listing ID: 63471090

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=7th-St-E-Glencoe-MN-55336/63471090_lid

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