Pine County Bank Owned Listings

Search for foreclosure homes in Pine County MN.

Search for foreclosure homes in Pine County MN.


 

Search for Foreclosure Listings In Pine County MN

Pine County foreclosure listings are still priced well.  Several of the bank owned homes are still for sale for under $100k in the Pine County area.

Looking for acreage?  Lakefront? Riverfront?  Pine County bank owned homes offer a variety of homes that are priced below market value for acreage and waterfront.  Normally you will be able to find a couple bank owned homes around Pokegama Lake. Early this year I help a buyer buy a nice smaller lake front bank owned home for under $100k.

Going forward you will see slightly higher prices on the lakefront homes, but its a good bet to still find bank owned homes on acreage in Pine County for under $100k.

Pine County Foreclosure Home Market Update

At the time of this post there were around 40 active foreclosure homes for sale in Pine County. Pine City is the home of most the distressed property sales with about 1/3 of all the listings. There are listings scattered through Rock Creek, East Braham, Hinckley, Askov, Sandstone, and Sturgeon Lake too.

Over 140 sales of bank owned homes closed in Pine County in 2013.  A couple of the highest price bank owned sales were $220,000 on Pokegama Lake outside of Pine city. There was closed sale for $334,000 outside of Hinckley on an 80 acre property.  Almost 100 of all the closed bank owned sales in Pine County were still under $100k.

With Pine County being a gateway area to both Duluth and the Twin Cities area look for the sales to stay steady and prices to slightly increase in 2014.  There are still several households that commute to the Twin Cities or Duluth for work from Pine County making the lower prices attractive to help offset vehicle/gas costs!

If your looking for a Pine County Foreclosure property contact Chuck Carstensen with RE/MAX Results at 612-290-3809 or chuck.carstensen@results.net.