Overview
This Single-Family Tax Lien is located at Colonial Dr, Machesney Park, IL 61115. This property is Tax Lien with an estimated market value of $88,333.
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This single-family property is available as a tax lien at Colonial Dr. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Machesney Park, specifically for Colonial Dr and comparable listings. Based on this expert analysis, the estimated market value is $88,333. If purchased for rental purposes, the monthly rental rate could range between $720 and $881, 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 Machesney Park, Illinois, ensuring you have the most current and accurate information.
Plus with taxes and insurance
Based on 20% down, 30 year mortgage, with 6% APR
All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.
There are 4 schools in the area. Nearby schools include Machesney Park School and North Boone Community Unit School District 200.
There are plenty of activities near this property like Machesney Park Community Center, North Park Public Library, and more.
Public transportation options include: Winnebago County bus service provides access to neighboring towns and cities, with regularly scheduled routes.. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Riverside Park, Machesney Park and more.
Services available in the area include cellular and internet options.
The property located at Colonial Dr in Machesney Park, IL is listed as a Tax Lien
The property located at Colonial Dr in Machesney Park, Illinois has a tax lien. When annual property taxes are delinquent, a lien is immediately placed against the property that must be paid in full before it can be sold. If a homeowner fails to pay his or her real estate taxes, the government or other taxing entity may attempt to sell the property. For this reason, valuable properties may sometimes be acquired for a fraction of their true value.Tax Liens are issued when a property owner fails to pay real estate taxes in a timely manner and a taxing authority, such as a city, county, or state, declares the taxes in default.
Here are the basic steps to follow:
There is a highly organized market for real estate tax liens and many sophisticated investors buy them. Tax liens can offer higher returns than many other types of interest-bearing investments and represent an opportunity for very little cash. The market for tax lien properties is competitive and the taxing authorities have specific rules to be followed. A wise investor will research each property to make certain his investment is secure.
The estimated rental value for Colonial Dr located in Machesney Park, IL is $800/month. Comparable homes around Colonial Dr that are rentals have monthly ranges starting as low as $720 per month and as high as $881 per month. An owner looking to use this property as an investment could bring a return in the area of $720 - $881 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 |
|---|---|---|---|
| 11/19/24 | Tax Lien |
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