Overview
This Single-Family Foreclosure is located at Cherry Grove Rd, Reidsville, NC 27320. This property is currently bank owned.
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This single-family property is available as a foreclosure at Cherry Grove Rd. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Reidsville, specifically for Cherry Grove Rd and comparable listings. Based on this expert analysis, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Cherry Grove Rd are updated daily along with others in Reidsville, North Carolina, ensuring you have the most current and accurate information. Since this property is a foreclosure, be sure to check out our Foreclosure Timeline for Cherry Grove Rd below to see detailed and helpful information about what stage of the foreclosure process this listing is in.
Not in Foreclosure
Pre-Foreclosure
Auction
Bank Owned
There are 7 schools in the area. Nearby schools include South End Elementary School and Monroeton Elementary School.
There are plenty of activities near this property like Annie Penn Hospital, part of Cone Health, Downtown Reidsville shops, restaurants, and local services, and more.
Public transportation options include: Rockingham County Area Transportation System demand-response service, PART regional transit connections available in the Piedmont Triad, Amtrak service from Greensboro station, Intercity bus options in Greensboro and Danville, Primary road access via U.S. 29, U.S. 158, NC 14, and NC 87. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Lake Reidsville Recreation Park, Freedom Park and more.
Services available in the area include cellular and internet options.
The property located at Cherry Grove Rd in Reidsville, NC is listed as a Foreclosure
Properties like Cherry Grove Rd in Reidsville, North Carolina 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 Reidsville, NC. The longer lenders own properties like this on Cherry Grove 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:
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.
Status: Active
The property has moved into foreclosure proceedings. The lender is likely preparing the home for auction or repossession.
Status: Active
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