$192,912 EMV

Single-Family
Get the Preforeclosure Address

Nordquist Rd
Cloquet, MN 55720

Overview

This Single-Family Preforeclosure is located at Nordquist Rd, Cloquet, MN 55720. This property is currently in auction with an estimated market value of $192,912.
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Status: Active
Listing ID: 62976274
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Notice of Public Foreclosure Auction

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Nearby Foreclosures

Homes near Nordquist Rd in Cloquet, Minnesota


Learn about Nordquist Rd in Cloquet, MN

This single-family property is available as a preforeclosure at Nordquist Rd. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Cloquet, specifically for Nordquist Rd and comparable listings. Based on this expert analysis, the estimated market value is $192,912. If purchased for rental purposes, the monthly rental rate could range between $1,191 and $1,610, 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 Nordquist Rd are updated daily along with others in Cloquet, Minnesota, ensuring you have the most current and accurate information. Since this property is a preforeclosure, be sure to check out our Foreclosure Timeline for Nordquist 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

Nordquist Rd in Cloquet Minnesota Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Nordquist Rd
View Preforeclosure Status
07/24/25
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.

Auction.com Online Auction

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Address: Nordquist Rd Cloquet MN 55720

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To participate in the event, please visit Auction.com for more information. Whether you're looking for your next investment or a place to live, take your pick of thousands of properties available all over the country. Browse through a broad range of properties, and search by city, state, zip code or property ID.

What is the city of Cloquet, MN like?

Cloquet, Minnesota, is a charming city located in Carlton County with a rich history and a strong sense of community. The city's picturesque landscape is characterized by lush forests and rivers, making it an excellent place for outdoor enthusiasts. Residents enjoy a laid-back lifestyle with access to various recreational activities throughout the year.

The city offers a range of amenities, including local shops, restaurants, and parks, making it easy for families and individuals to access essential services. Cloquet's education system is highly regarded, featuring well-maintained schools and a commitment to student success, attracting families looking for quality education.

For those who appreciate the outdoors, Cloquet features many hiking and biking trails, parks, and nearby lakes, providing ample opportunity for adventure and relaxation. The city's strategic location near larger urban centers, like Duluth, offers residents the best of both worlds—small-town living with close proximity to city conveniences.

Nearby Schools

There are 3 schools in the area. Nearby schools include Cloquet Senior High School and Cloquet Middle School.

Cloquet Senior High School
Cloquet Middle School
Washington Elementary School

Nearby Attractions

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

Cloquet Public Library
Cloquet Community Center
Cloquet Area Historical Society

What kind of public transportation is there?


Public transportation options include: Local bus service provided by Duluth Transit Authority, Rideshare options available through various apps. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Coyne Park, Sandy Lake Park and more.

Coyne Park
Sandy Lake Park
Benson Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile

Internet Providers

Mediacom
CenturyLink
HughesNet
Rental Chart
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for Nordquist Rd in Cloquet Minnesota
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Property Information

Public Records

Preforeclosure

The property located at Nordquist Rd in Cloquet, MN is listed as a Preforeclosure

This listing located at Nordquist Rd in Cloquet, MN 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 Cloquet, Minnesota is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Cloquet, MN, 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 Cloquet, Minnesota 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

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Credit Information Center

County Information

Document Center

Rental Value

The estimated rental value for Nordquist Rd located in Cloquet, MN is $1,400/month. Comparable homes around Nordquist Rd that are rentals have monthly ranges starting as low as $1,191 per month and as high as $1,610 per month. An owner looking to use this property as an investment could bring a return in the area of $1,191 - $1,610 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
07/24/25   Preforeclosure NewRez LLC
06/26/25   Preforeclosure Wells Fargo Bank, N.A.
02/10/25 05/31/25 Bankruptcy
01/13/25   Preforeclosure
12/20/24 02/11/25 Preforeclosure NewRez LLC
12/19/24 02/11/25 Preforeclosure Wells Fargo Bank, N.A.

Similar Homes Nearby Cloquet, MN


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Nordquist Rd
Cloquet, MN 55720

Single-Family

$192,912 EMV

Status: Active Listing ID: 62976274

Property Information

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Public Records

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Nordquist-Rd-Cloquet-MN-55720/62976274_lid

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