Overview
This Single-Family Foreclosure is located at Colonial Dr, Holly Springs, MS 38635. It has 3 Beds 2 Baths , 1,134 sqft of living space. This property is currently bank owned with an estimated market value of $122,459.
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This single-family property is available as a foreclosure at Colonial Dr. This property features 3 bedrooms and 2 bathrooms, perfect for investment and/or your personal residence. With 1,134 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 Holly Springs, specifically for Colonial Dr and comparable listings. Based on this expert analysis, the estimated market value is $122,459. If purchased for rental purposes, the monthly rental rate could range between $870 and $970, 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 Colonial Dr are updated daily along with others in Holly Springs, Mississippi, ensuring you have the most current and accurate information. Since this property is a foreclosure, be sure to check out our Foreclosure Timeline for Colonial Dr 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
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There are 3 schools in the area. Nearby schools include Holly Springs High School and Holly Springs Middle School.
There are plenty of activities near this property like Holly Springs Library, Marshall County Hospital, and more.
Public transportation options include: Local shuttles and taxi services are available for transportation throughout the town and surrounding areas.. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Holly Springs National Forest, Benson Park and more.
Services available in the area include cellular and internet options.
This property in Holly Springs, MS is located in the Colonial Club Subdivision.
The property located at Colonial Dr in Holly Springs, MS is listed as a Foreclosure
Properties like Colonial Dr in Holly Springs, Mississippi 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 Holly Springs, MS. The longer lenders own properties like this on Colonial Dr, 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 Colonial Dr located in Holly Springs, MS is $952/month. Comparable homes around Colonial Dr that are rentals have monthly ranges starting as low as $870 per month and as high as $970 per month. An owner looking to use this property as an investment could bring a return in the area of $870 - $970 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 |
|---|---|---|---|
| 11/15/24 | Foreclosure | ||
| 10/14/24 | 10/31/24 | Preforeclosure | |
| 10/11/24 | 10/31/24 | Preforeclosure | |
| 04/10/15 | 04/20/15 | Preforeclosure |
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