Overview
This Single-Family Tax Lien is located at Conway Ln, Aurora, IL 60503. This property is Tax Lien with an estimated market value of $477,350.
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This single-family property is available as a tax lien at Conway Ln. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Aurora, specifically for Conway Ln and comparable listings. Based on this expert analysis, the estimated market value is $477,350. If purchased for rental purposes, the monthly rental rate could range between $2,180 and $2,400, 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 Conway Ln are updated daily along with others in Aurora, 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 5 schools in the area. Nearby schools include East Aurora High School and West Aurora High School.
There are plenty of activities near this property like Aurora Public Library, Rush Copley Medical Center, and more.
Public transportation options include: Metra train service to Chicago downtown area, PACE bus service providing local transit options, Lyft and Uber ride-sharing services available throughout the city. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Waubonsie Lake Park, Phillips Park and more.
Services available in the area include cellular and internet options.
This property in Aurora, IL is located in the Summerlin 01 Subdivision.
The property located at Conway Ln in Aurora, IL is listed as a Tax Lien
The property located at Conway Ln in Aurora, 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 Conway Ln located in Aurora, IL is $2,290/month. Comparable homes around Conway Ln that are rentals have monthly ranges starting as low as $2,180 per month and as high as $2,400 per month. An owner looking to use this property as an investment could bring a return in the area of $2,180 - $2,400 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 |
|---|---|---|---|
| 10/28/24 | Tax Lien | ||
| 04/17/24 | 02/11/25 | Preforeclosure | Bank Of America |
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