Overview
This Preforeclosure is located at Spruce Rd, Oneonta, AL 35121. It has , 1,440 sqft of living space. This property is currently in auction with an estimated market value of $178,203.
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This property is available as a preforeclosure at Spruce Rd. With 1,440 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 Oneonta, specifically for Spruce Rd and comparable listings. Based on this expert analysis, the estimated market value is $178,203. If purchased for rental purposes, the monthly rental rate could range between $980 and $1,201, 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 Spruce Rd are updated daily along with others in Oneonta, Alabama, ensuring you have the most current and accurate information. Since this property is a preforeclosure, be sure to check out our Foreclosure Timeline for Spruce 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
Get up-to-date information and real-time property status updates:
Address: Spruce Rd Oneonta AL 35121
The countdown is usually accurate but not exact. To be safe, place bids 2 hours before the bidding ends.
There are 3 schools in the area. Nearby schools include Oneonta High School and Oneonta Middle School.
There are plenty of activities near this property like Blount County Library, Oneonta Community Center, and more.
Public transportation options include: Local taxi services, Community shuttle service for nearby towns. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Oneonta Park, Coon Creek Park and more.
Services available in the area include cellular and internet options.
This property in Oneonta, AL is located in the Eastwood 6th Add Oneonta Subdivision.
The property located at Spruce Rd in Oneonta, AL is listed as a Preforeclosure
This listing located at Spruce Rd in Oneonta, AL 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 Oneonta, Alabama is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Oneonta, AL, 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 Oneonta, Alabama 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 forwardPreforeclosure 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.
Steps as you search for your pre-foreclosure property:
Property owners and lenders are both in awkward positions when a loan goes into default. The property owner would like to avoid the foreclosure as it will have very negative consequences for his credit, and can severely limit his chances to obtain credit for a long time into the future. The lender knows it will probably be taking a loss because, if the property was worth the debt on it, the owner probably would have already sold it to avoid the foreclosure. Short sales are very common in pre-foreclosure situations and this leaves the door open for opportunities for you as the lucky real estate investor.
Auction Information |
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The estimated rental value for Spruce Rd located in Oneonta, AL is $1,090/month. Comparable homes around Spruce Rd that are rentals have monthly ranges starting as low as $980 per month and as high as $1,201 per month. An owner looking to use this property as an investment could bring a return in the area of $980 - $1,201 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.
| Start Date | End Date | Listing Type | Bank Name |
|---|---|---|---|
| 07/28/25 | Preforeclosure | ||
| 07/24/25 | Preforeclosure | ||
| 11/25/24 | 01/23/25 | Preforeclosure | |
| 11/20/24 | 01/23/25 | Preforeclosure |
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Ne 111th Ter
Lake Butler, FL
| 3 BEDS |
3 BATHS |
2,379 SQUARE FEET |
Agricultural PROPERTY TYPE |
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