HUD Home — 5481 Burnham Ct, North Fort Myers, FL 33903

Name: HUD Home — 5481 Burnham Ct, North Fort Myers, FL 33903
Brand: U.S. Department of Housing and Urban Development
Price: 198000 USD
Availability: InStock

HUDReal Estate📍North Fort Myers, FL

List Price

Listed Until

Oct 27, 2026

Bids accepted in rolling periods

Price history

since Jun 27

$233,100−$35,100 (−15%)$198,000

Market demand: Real Estate in Florida sell about 55% of the time, typically ~3 bids. Based on 143 completed sales over the last year.

Appraised valueFixed price

$198,000

HUD sets this list price from a professional appraisal of the home in its current condition, not an auction starting bid.

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 with repair escrow

Condition & financing

Needs roughly $500-$5,000 in repairs - livable, but budget for the fixes.

Still FHA-financeable: the repair cost can be escrowed into the loan at closing.
Eligible for HUD's $100-down payment program for owner-occupants.
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.

How to buy HUD homes →

Seller

🏛️ U.S. Department of Housing and Urban Development

Condition: As-is

Full Description

HUD foreclosure property. Case #095-600656. Single Family Home · 3 bed · 2 bath · 1544 sqft · Built 1977. 5481 Burnham Ct, North Fort Myers, FL 33903. All Bidders. Contact a HUD-registered broker to submit an offer.

Pickup Information

📍

North Fort Myers, FL 33903

U.S. Department of Housing and Urban Development

📝HUD homes are sold through a bid process via HUD-registered brokers. Visit hudhomestore.gov for details.

Appraised valueFixed price

$198,000

HUD sets this list price from a professional appraisal of the home in its current condition, not an auction starting bid.

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.

Get notified about new real estate auctions like this

Free email alerts - we'll let you know when matching auctions are listed.

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Guides Tools Prices About

HUD Home — 5481 Burnham Ct, North Fort Myers, FL 33903

HUDReal Estate📍North Fort Myers, FL

List Price

Listed Until

Oct 27, 2026

Bids accepted in rolling periods

Price history

since Jun 27

$233,100−$35,100 (−15%)$198,000

Market demand: Real Estate in Florida sell about 55% of the time, typically ~3 bids. Based on 143 completed sales over the last year.

Appraised valueFixed price

$198,000

HUD sets this list price from a professional appraisal of the home in its current condition, not an auction starting bid.

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.

FHA-insurable with repair escrow

Condition & financing

Needs roughly $500-$5,000 in repairs - livable, but budget for the fixes.

Still FHA-financeable: the repair cost can be escrowed into the loan at closing.
Eligible for HUD's $100-down payment program for owner-occupants.
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.

How to buy HUD homes →

Seller

🏛️ U.S. Department of Housing and Urban Development

Condition: As-is

Full Description

Pickup Information

📍

North Fort Myers, FL 33903

U.S. Department of Housing and Urban Development

📝HUD homes are sold through a bid process via HUD-registered brokers. Visit hudhomestore.gov for details.

Appraised valueFixed price

$198,000

HUD sets this list price from a professional appraisal of the home in its current condition, not an auction starting bid.

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.

Get notified about new real estate auctions like this

Free email alerts - we'll let you know when matching auctions are listed.

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Market data: see how government surplus prices are moving in the Surplus Price Index and how often each category sells in the Surplus Market Report.