HUD Home — 1132 Lockett Dr, Danville, VA 24541
List Price
$0
Listed Until
Jul 27, 2026
Bids accepted in rolling periods
Market demand: Real Estate like this sell about 24% of the time, typically ~3 bids. Based on 1,267 completed sales over the last year.
- This is the asking price set from that appraisal, not a below-market auction bid - a fair price for the home, not a guaranteed bargain.
- The real edge of a government REO is a clean sale: clear, insurable title with any past-due property taxes settled at closing.
- Sold as-is with no seller repairs, so budget an inspection and repairs on top of the price.
The appraisal reflects the home's condition when it was inspected; values change over time. Not an independent valuation or investment advice - always inspect and confirm the numbers before you make an offer.
FHA-insurable
Condition & financingMeets HUD's minimum property standards - roughly under $5,000 of repairs needed.
- Qualifies for standard FHA financing, so an owner-occupant can buy with a low down payment.
- FHA insurability is set by HUD; the repair figures are HUD's ~$5,000 rule of thumb, not a per-home guarantee. Always get an inspection.
Seller
🏛️ U.S. Department of Housing and Urban Development
Condition: As-is
Full Description
HUD foreclosure property. Case #541-578793. Single Family Home · 3 bed · 2 bath · 1068 sqft · Built 1975. 1132 Lockett Dr, Danville, VA 24541. Owner Occupants, Nonprofits, and Government Agencies only. Contact a HUD-registered broker to submit an offer.
Pickup Information
U.S. Department of Housing and Urban Development
- This is the asking price set from that appraisal, not a below-market auction bid - a fair price for the home, not a guaranteed bargain.
- The real edge of a government REO is a clean sale: clear, insurable title with any past-due property taxes settled at closing.
- Sold as-is with no seller repairs, so budget an inspection and repairs on top of the price.
The appraisal reflects the home's condition when it was inspected; values change over time. Not an independent valuation or investment advice - always inspect and confirm the numbers before you make an offer.
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