This Millville ranch is a classic 'forced equity' play. Built in 2002, it’s actually quite young compared to some of the 1960s-era homes nearby. It last changed hands in 2007 for $127,000, and it's currently listed as a bank-owned (REO) foreclosure for $120,000.
| | Date | Price / Status |
| :--- | :--- | :--- |
| Year Built | 2002 | New Construction |
| Sold | Dec 2007 | $127,000 |
| Listed | Jan 2026 | $120,000 (REO) |
| Market Potential | After Repair | $232,000 - $256,000 |
The current 'as-is' price is a result of it being a foreclosure that needs work, specifically with certifications for the well and septic.
Because the home is 3-bed, 2-bath and only 24 years old, it has a much higher ceiling than the older comps on Ferry Road that are currently selling for $180k+. If you can handle the renovations and clear the C/O, you're sitting on a property that our analysis shows could more than double in value.