Learn about Palm Cove Dr in Charleston, SC
This single-family
property is available as a foreclosure at Palm Cove Dr.
This property features 4 bedrooms and 2 bathrooms, perfect for investment and/or your personal residence.
Our team of real estate experts has conducted a thorough analysis of the current market conditions in Charleston, specifically for Palm Cove Dr and comparable listings. Based on this expert analysis, the estimated market value is $490,988.
If purchased for rental purposes,
the monthly rental rate could range between $1,630 and $1,990, 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 Palm Cove Dr are updated daily along with others in Charleston, South Carolina, ensuring you have the most current and accurate information.
Since this property is a foreclosure, be sure to check out our Foreclosure Timeline for Palm Cove Dr below to see detailed and helpful information about what stage of the foreclosure process this listing is in.
Property Information
VA Home
U.S. Department of Veterans Affairs (VA) is a federal agency that guarantees mortgages to homeowners who have served in the armed forces /military. Therefore, when banks foreclose on VA-guaranteed mortgages, the government agency acquires the properties and often offers them for sale at drastically-reduced prices to the public. Fast approval for veterans and lowest possible fixed-rate mortgages!
First Steps to Buying a Foreclosure
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:
Read more...
Steps as you search for your foreclosure property:
- If foreclosure is complete, the property will be listed with a Realtor, in which case
you can have an open line of communication about the property as well as the opportunity
to inspect it.
- Contact the listing broker and ask for an appointment to see it. Schedule a walk
through. While in the area scout out the neighborhood to make certain the surrounding
area suits your needs.
- If foreclosure is not complete you may be able to get the information you need about the
property either from the owner or the lender.
- Consult with a professional real estate appraiser. Through their years of familiarity
with the property and the neighborhood, appraisers and real estate professionals can
supply background on property and neighborhoods. Get them to give you a ballpark
estimate of the property value.
- If the property needs repair work, have a recommended contractor give a detailed
estimate of each job that must be done.
- Decide on how much you are willing to pay for the property and stick with that price.
Never get so caught up in a property that you do not make clear decisions. Successful
bidding on foreclosed properties requires discipline and good information.
- Sometimes foreclosures have title problems that have not been cleared up. Hire a closing
attorney or title company to check the condition of the title to make certain there are
no liens remaining after the foreclosure is complete. Have the title agent issue a title
binder showing the conditions under which it will insure your interest in the title.
Real estate tax liens and homeowner association liens have priority and need to be paid
before clear title can be given.
- Have the financing for the property in place before you enter into a firm contract with
a good faith deposit, or have the contract be contingent on the financing you will need.
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.
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Rental Value
The estimated rental value for
Palm Cove Dr
located in Charleston, SC
is $1,810/month. Comparable homes around Palm Cove Dr that are rentals have monthly ranges starting as low as $1,630 per month and as high as $1,990 per month. An owner looking to use this property as an investment could bring a return in the area of $1,630 - $1,990 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
Foreclosure
12/03/25
-
Present
Status:
Active
The property has moved into foreclosure proceedings. The lender is likely preparing the home for auction or repossession.
Status:
Active
Preforeclosure
05/17/25
-
09/03/25
Status:
Inactive
The owner is behind on payments and has entered preforeclosure. It may still be possible to avoid foreclosure or sell early.
Status:
Inactive
Preforeclosure
NEWREZ LLC
05/15/25
-
09/03/25
Status:
Inactive
Status:
Inactive
Preforeclosure
NEWREZ LLC D/B/A SHELLPOINT MORTGAGE ...
02/19/25
-
06/04/25
Status:
Inactive
Status:
Inactive
Preforeclosure
NEWREZ LLC DBA SHELLPOINT SVC
11/01/23
-
04/29/24
Status:
Inactive
Status:
Inactive
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