Overview
This Land Foreclosure is located at Old Long Lake Rd, Wayzata, MN 55391. This property is currently bank owned.
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This land property is available as a foreclosure at Old Long Lake Rd. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Wayzata, specifically for Old Long Lake 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 Old Long Lake Rd are updated daily along with others in Wayzata, Minnesota, ensuring you have the most current and accurate information. Since this property is a foreclosure, be sure to check out our Foreclosure Timeline for Old Long Lake 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 3 schools in the area. Nearby schools include Wayzata High School and Wayzata East Middle School.
There are plenty of activities near this property like Wayzata Community Library, HealthEast Wayzata Clinic, and more.
Public transportation options include: Metro Transit bus services provide convenient access to surrounding areas, with stops in Wayzata for easy commuting.. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Wayzata Bay Park, Bassetts Creek Park and more.
Services available in the area include cellular and internet options.
This property in Wayzata, MN is located in the Landings At Long Lake Subdivision.
The property located at Old Long Lake Rd in Wayzata, MN is listed as a Foreclosure
Properties like Old Long Lake Rd in Wayzata, Minnesota 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 Wayzata, MN. The longer lenders own properties like this on Old Long Lake 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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