Overview
This Single-Family Foreclosure is located at Pearce Rd, Equality, IL 62934. This property is currently bank owned with an estimated market value of $314,607.
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This single-family property is available as a foreclosure at Pearce Rd. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Equality, specifically for Pearce Rd and comparable listings. Based on this expert analysis, the estimated market value is $314,607. If purchased for rental purposes, the monthly rental rate could range between $1,241 and $1,520, 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 Pearce Rd are updated daily along with others in Equality, Illinois, ensuring you have the most current and accurate information. Since this property is a foreclosure, be sure to check out our Foreclosure Timeline for Pearce Rd below to see detailed and helpful information about what stage of the foreclosure process this listing is in.
Plus with taxes and insurance
Based on 20% down, 30 year mortgage, with 6% APR
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.
Not in Foreclosure
Pre-Foreclosure
Auction
Bank Owned
There are 4 schools in the area. Nearby schools include Gallatin County Elementary School and Gallatin County Junior High School.
There are plenty of activities near this property like Equality Post Office, Village of Equality local services, and more.
Public transportation options include: Rides Mass Transit District demand-response service in the region, Regional highway access via Illinois Route 13 and Illinois Route 142, Intercity bus and rail options are limited, with broader connections available in larger nearby cities. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Shawnee National Forest, Garden of the Gods Recreation Area and more.
Services available in the area include cellular and internet options.
The property located at Pearce Rd in Equality, IL is listed as a Foreclosure
Properties like Pearce Rd in Equality, Illinois 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 Equality, IL. The longer lenders own properties like this on Pearce 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.
The estimated rental value for Pearce Rd located in Equality, IL is $1,380/month. Comparable homes around Pearce Rd that are rentals have monthly ranges starting as low as $1,241 per month and as high as $1,520 per month. An owner looking to use this property as an investment could bring a return in the area of $1,241 - $1,520 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.
Status: Active
The property has moved into foreclosure proceedings. The lender is likely preparing the home for auction or repossession.
Status: Active
TRUIST BANK
12/10/25 - 01/09/26Status: Inactive
The owner is behind on payments and has entered preforeclosure. It may still be possible to avoid foreclosure or sell early.
Status: Inactive
Status: Inactive
Status: Inactive
TRUIST BANK
01/17/23 - 09/22/23Status: Inactive
Status: Inactive
Status: Inactive
Status: Inactive
Status: Inactive
Status: Inactive
Status: Inactive
Status: Inactive
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