Overview
This Single-Family Foreclosure is located at Chapel Rd, Scotch Plains, NJ 07076. This property is currently bank owned with an estimated market value of $674,213.
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This single-family property is available as a foreclosure at Chapel Rd. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Scotch Plains, specifically for Chapel Rd and comparable listings. Based on this expert analysis, the estimated market value is $674,213. If purchased for rental purposes, the monthly rental rate could range between $2,700 and $4,040, 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 Chapel Rd are updated daily along with others in Scotch Plains, New Jersey, ensuring you have the most current and accurate information. Since this property is a foreclosure, be sure to check out our Foreclosure Timeline for Chapel Rd below to see detailed and helpful information about what stage of the foreclosure process this listing is in.
Plus with taxes and insurance
Based on 20% down, 30 year mortgage, with 6% APR
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.
Not in Foreclosure
Pre-Foreclosure
Auction
Bank Owned
There are 4 schools in the area. Nearby schools include Scotch Plains-Fanwood High School and J. A. McGinn Elementary School.
There are plenty of activities near this property like Scotch Plains Public Library, Scotch Plains Recreation Center, and more.
Public transportation options include: NJ Transit Train service to New York City via the Raritan Valley Line is available, providing convenience for commuters., Local bus services connect Scotch Plains to surrounding areas, including direct routes to nearby towns.. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Mindowaskin Park, Scotch Plains Municipal Pool and more.
Services available in the area include cellular and internet options.
The property located at Chapel Rd in Scotch Plains, NJ is listed as a Foreclosure
Properties like Chapel Rd in Scotch Plains, New Jersey 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 through a local real estate agent or auction house in Scotch Plains, NJ. The longer lenders own properties like this on Chapel Rd, the more eager they become to sell, often at reduced prices.Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:
Steps as you search for your foreclosure property:Â
Foreclosed properties can represent excellent opportunities to acquire real estate at bargain prices. But in order to take full advantage of these opportunities you must have all your information and take an organized approach to finding and acquiring foreclosed properties. Find the location and property that interests you, work with the Realtor and closing agent to learn all you can about the property, and make your offer based upon good information and research.
The estimated rental value for Chapel Rd located in Scotch Plains, NJ is $3,370/month. Comparable homes around Chapel Rd that are rentals have monthly ranges starting as low as $2,700 per month and as high as $4,040 per month. An owner looking to use this property as an investment could bring a return in the area of $2,700 - $4,040 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.
Status: Active
The property has moved into foreclosure proceedings. The lender is likely preparing the home for auction or repossession.
Status: Active
CIT BANK, N.A
07/03/25 - 07/30/25Status: Inactive
The owner is behind on payments and has entered preforeclosure. It may still be possible to avoid foreclosure or sell early.
Status: Inactive
CIT BANK NA
06/27/25 - 07/30/25Status: Inactive
Status: Inactive
CIT BANK, N.A.
06/26/25 - 07/30/25Status: Inactive
Status: Inactive
CIT BANK, N.A.
10/08/24 - 11/06/24Status: Inactive
Status: Inactive
CIT BANK NA
10/04/24 - 01/29/25Status: Inactive
Status: Inactive
CIT BANK, N.A.
10/03/24 - 01/29/25Status: Inactive
Status: Inactive
CIT BANK
03/21/24 - 03/27/24Status: Inactive
Status: Inactive
CIT BANK NA
02/19/24 - 05/22/24Status: Inactive
Status: Inactive
CIT BANK, N.A.
02/17/24 - 05/22/24Status: Inactive
Status: Inactive
Status: Inactive
A tax lien has been filed due to unpaid property taxes. The owner may need to resolve this before transferring ownership.
Status: Inactive
Status: Inactive
Status: Inactive
CIT BANK NA
07/25/22 - 10/19/22Status: Inactive
Status: Inactive
CIT BANK, N.A.
07/23/22 - 10/19/22Status: Inactive
Status: Inactive
CIT BANK
07/21/22 - 08/24/22Status: Inactive
Status: Inactive
CIT BANK NA
12/18/17 - 08/14/19Status: Inactive
Status: Inactive
CIT BANK, N.A
12/02/17 - 08/14/19Status: Inactive
Status: Inactive
CIT BANK NA
10/17/16 - 08/13/17Status: Inactive
Status: Inactive
CIT BANK
10/17/16 - 08/13/17Status: Inactive
Status: Inactive
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