$512,194 EMV

3,096 Sq. Ft.
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Millstone Way
Monroeville, NJ 08343

Overview

This Preforeclosure is located at Millstone Way, Monroeville, NJ 08343. It has , 3,096 sqft of living space. This property is currently in pre-foreclosure with an estimated market value of $512,194.
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Status: Active
Listing ID: 63572420
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Learn about Millstone Way in Monroeville, NJ

This property is available as a preforeclosure at Millstone Way. With 3,096 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 Monroeville, specifically for Millstone Way and comparable listings. Based on this expert analysis, the estimated market value is $512,194. If purchased for rental purposes, the monthly rental rate could range between $1,900 and $2,560, 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 Millstone Way are updated daily along with others in Monroeville, New Jersey, ensuring you have the most current and accurate information. Since this property is a preforeclosure, be sure to check out our Foreclosure Timeline for Millstone Way below to see detailed and helpful information about what stage of the foreclosure process this listing is in.


Foreclosure Timeline

Millstone Way in Monroeville New Jersey Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Millstone Way
View Preforeclosure Status
05/20/25
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.

What is the city of Monroeville, NJ like?

Monroeville is a small, quaint community located in the heart of Salem County, New Jersey. Known for its rural charm and close-knit community feel, residents enjoy a peaceful lifestyle surrounded by nature. The area is perfect for those looking to escape the hustle and bustle of city life while still being within commuting distance of Philadelphia and Wilmington.

The town has access to a number of parks and outdoor spaces, making it ideal for families and individuals who appreciate outdoor activities. Events and community gatherings often take place at local parks, which fosters a sense of community among residents.

Monroeville is served by several local schools that provide quality education from elementary through high school. The community is also in proximity to ancillary amenities such as grocery stores, medical facilities, and recreational centers, ensuring that residents have the necessities for daily living.

Nearby Schools

There are 3 schools in the area. Nearby schools include Monroeville Elementary School and Woodstown High School.

Monroeville Elementary School
Woodstown High School
Salem County Vocational Technical School

Nearby Attractions

There are plenty of activities near this property like Monroeville Fire Department, Monroeville Post Office, and more.

Monroeville Fire Department
Monroeville Post Office
Salem County Library - Monroeville Branch

What kind of public transportation is there?


Public transportation options include: Local bus services connect Monroeville with surrounding towns and major train stations, providing options for commuting to cities like Philadelphia.. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Logan Township Park, Parvin State Park and more.

Logan Township Park
Parvin State Park
Redbank Battlefield 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
Verizon Fios
Atlantic Broadband
Rental Chart
View Rental and Market Value
for Millstone Way in Monroeville New Jersey
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Property Information

Public Records

Community & Neighborhood

This property in Monroeville, NJ is located in the Grist Mill Estates Ph 01 Subdivision.


Preforeclosure

The property located at Millstone Way in Monroeville, NJ is listed as a Preforeclosure

This listing located at Millstone Way in Monroeville, NJ 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 Monroeville, New Jersey is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Monroeville, NJ, 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 Monroeville, New Jersey 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 Millstone Way located in Monroeville, NJ is $2,230/month. Comparable homes around Millstone Way that are rentals have monthly ranges starting as low as $1,900 per month and as high as $2,560 per month. An owner looking to use this property as an investment could bring a return in the area of $1,900 - $2,560 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
05/20/25   Preforeclosure ServBank
05/13/25   Preforeclosure Servbank Sb
05/26/22 05/27/24 Bankruptcy
12/15/09 12/29/09 Foreclosure
12/05/09 12/26/09 Foreclosure
06/04/09 07/01/09 Preforeclosure DEUTSCHE BANK NATIONAL TRUS...

Similar Homes Nearby Monroeville, NJ


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Millstone Way
Monroeville, NJ 08343

3,096 sq. ft.

$512,194 EMV

Status: Active Listing ID: 63572420

Property Information

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Millstone-Way-Monroeville-NJ-08343/63572420_lid

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