$126,040 EMV

4 Beds   2 Baths   1,248 Sq. Ft.   Single-Family
Get the Preforeclosure Address

Fairmount Rd
Waynesfield, OH 45896

Overview

This Single-Family Preforeclosure is located at Fairmount Rd, Waynesfield, OH 45896. It has 4 Beds 2 Baths , 1,248 sqft of living space. This property is currently in pre-foreclosure with an estimated market value of $126,040.
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Status: Active
Listing ID: 63586539
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Learn about Fairmount Rd in Waynesfield, OH

This single-family property is available as a preforeclosure at Fairmount Rd. This property features 4 bedrooms and 2 bathrooms, perfect for investment and/or your personal residence. With 1,248 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 Waynesfield, specifically for Fairmount Rd and comparable listings. Based on this expert analysis, the estimated market value is $126,040. If purchased for rental purposes, the monthly rental rate could range between $960 and $1,301, 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 Fairmount Rd are updated daily along with others in Waynesfield, Ohio, ensuring you have the most current and accurate information. Since this property is a preforeclosure, be sure to check out our Foreclosure Timeline for Fairmount Rd 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

Fairmount Rd in Waynesfield Ohio Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Fairmount Rd
View Preforeclosure Status
05/16/25
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.

What is the city of Waynesfield, OH like?

Waynesfield, Ohio, is a quaint village located in the heart of Auglaize County. It offers a charming small-town atmosphere with a rich history and a strong sense of community. Residents enjoy a peaceful lifestyle with easy access to nearby cities for shopping, dining, and entertainment.

The area is known for its excellent local schools and family-friendly environment, making it an attractive location for families and young professionals. Outdoor enthusiasts can enjoy recreational activities at local parks and nearby natural reserves, promoting a healthy lifestyle.

Waynesfield is well-connected by major highways, providing convenient transportation options for commuters. Its proximity to larger urban centers enhances the area’s appeal for real estate investors seeking properties with growth potential.

Nearby Schools

There are 3 schools in the area. Nearby schools include Waynesfield-Goshen Local Schools and Wapakoneta High School.

Waynesfield-Goshen Local Schools
Wapakoneta High School
Auglaize County Educational Service Center

Nearby Attractions

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

Waynesfield Public Library
Waynesfield Community Center
Mercy Health - St. Rita's Medical Center (in nearby Lima)

What kind of public transportation is there?


Public transportation options include: Limited public bus services available through Auglaize County Transit, Access to regional transportation options via nearby cities. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Waynesfield Park, Auglaize River Park and more.

Waynesfield Park
Auglaize River Park
Wapakoneta City Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile

Internet Providers

Spectrum
Mediacom
Frontier
Rental Chart
View Rental and Market Value
for Fairmount Rd in Waynesfield Ohio
View Market Value

Property Information

Preforeclosure

The property located at Fairmount Rd in Waynesfield, OH is listed as a Preforeclosure

This listing located at Fairmount Rd in Waynesfield, OH 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 Waynesfield, Ohio is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Waynesfield, OH, 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 Waynesfield, Ohio 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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Loan Information

Legal Information

Credit Information Center

County Information

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Rental Value

The estimated rental value for Fairmount Rd located in Waynesfield, OH is $1,131/month. Comparable homes around Fairmount Rd that are rentals have monthly ranges starting as low as $960 per month and as high as $1,301 per month. An owner looking to use this property as an investment could bring a return in the area of $960 - $1,301 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
05/16/25   Preforeclosure Freedom Mortgage Corporation
11/02/23 05/30/24 Preforeclosure Freedom Mtg Corp
09/01/22 03/30/23 Preforeclosure Freedom Mtg Corp

Similar Homes Nearby Waynesfield, OH


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Fairmount Rd
Waynesfield, OH 45896

4 Beds   2 Baths   1,248 sq. ft.   Single-Family

$126,040 EMV

Status: Active Listing ID: 63586539

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Fairmount-Rd-Waynesfield-OH-45896/63586539_lid

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