$554,224 EMV

Get the Preforeclosure Address

Mckenzie River Dr
Blue River, OR 97413

Overview

This Preforeclosure is located at Mckenzie River Dr, Blue River, OR 97413. This property is currently in auction with an estimated market value of $554,224.
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Status: Active
Listing ID: 62996163
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Homes near Mckenzie River Dr in Blue River, Oregon


Learn about Mckenzie River Dr in Blue River, OR

This property is available as a preforeclosure at Mckenzie River Dr. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Blue River, specifically for Mckenzie River Dr and comparable listings. Based on this expert analysis, the estimated market value is $554,224. If purchased for rental purposes, the monthly rental rate could range between $1,388 and $2,020, 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 Mckenzie River Dr are updated daily along with others in Blue River, Oregon, ensuring you have the most current and accurate information. Since this property is a preforeclosure, be sure to check out our Foreclosure Timeline for Mckenzie River Dr 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

Mckenzie River Dr in Blue River Oregon Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Mckenzie River Dr
View Preforeclosure Status
02/20/25
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: Mckenzie River Dr Blue River OR 97413

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 Blue River, OR like?

Blue River, located in central Oregon, is a serene community nestled along the banks of the McKenzie River. It offers a tranquil atmosphere surrounded by stunning natural beauty, featuring lush forests, majestic mountains, and the crystal-clear waters of the river. Residents and visitors alike enjoy outdoor activities such as fishing, hiking, and kayaking, making it an ideal destination for nature lovers.

The small-town charm of Blue River is complemented by a close-knit community that organizes various events and activities throughout the year. From local farmers' markets to seasonal festivals, there are numerous opportunities for residents to engage with their neighbors and celebrate the unique culture of this picturesque area. The surrounding landscape adds an extra layer of allure for those seeking a peaceful lifestyle.

Education is also a priority in Blue River, with nearby schools providing quality learning facilities for children. The area's commitment to preserving its natural environment ensures that residents can enjoy recreational spaces, clean air, and a healthy lifestyle. Its strategic location allows easy access to nearby towns while maintaining a sense of seclusion that many find appealing.

Nearby Schools

There are 3 schools in the area. Nearby schools include Blue River Elementary School and McKenzie High School.

Blue River Elementary School
McKenzie High School
Sisters Middle School

Nearby Attractions

There are plenty of activities near this property like Blue River Library, McKenzie River Community Center, and more.

Blue River Library
McKenzie River Community Center
Healthcare Clinic at Blue River

What kind of public transportation is there?


Public transportation options include: Limited seasonal public bus services to nearby towns during tourist season, Local shuttle services for outdoor recreation access. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Blue River Park, Moss Springs Park and more.

Blue River Park
Moss Springs Park
McKenzie River Trail Head

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile

Internet Providers

CenturyLink
Xfinity
Rental Chart
View Rental and Market Value
for Mckenzie River Dr in Blue River Oregon
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Property Information

Preforeclosure

The property located at Mckenzie River Dr in Blue River, OR is listed as a Preforeclosure

This listing located at Mckenzie River Dr in Blue River, OR 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 Blue River, Oregon is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Blue River, OR, 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 Blue River, Oregon 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 Mckenzie River Dr located in Blue River, OR is $1,680/month. Comparable homes around Mckenzie River Dr that are rentals have monthly ranges starting as low as $1,388 per month and as high as $2,020 per month. An owner looking to use this property as an investment could bring a return in the area of $1,388 - $2,020 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
02/20/25 06/04/25 Preforeclosure Lime Financial Services Ltd
01/17/25   Preforeclosure
02/14/20 06/24/20 Preforeclosure
06/03/19 10/10/19 Preforeclosure

Similar Homes Nearby Blue River, OR


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Mckenzie River Dr
Blue River, OR 97413

$554,224 EMV

Status: Active Listing ID: 62996163

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Mckenzie-River-Dr-Blue-River-OR-97413/62996163_lid

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