Learn about E Washington Ave in Red Oak, IA
This single-family
property is available as a tax lien at E Washington Ave.
This property features 4 bedrooms and 2 bathrooms, perfect for investment and/or your personal residence.
With 1,904 square feet of living space, you can enjoy sizable rooms for comfortable living and flexibility in the common areas for family gatherings.
Our team of real estate experts has conducted a thorough analysis of the current market conditions in Red Oak, specifically for E Washington Ave and comparable listings. Based on this expert analysis, the estimated market value is $96,527.
If purchased for rental purposes,
the monthly rental rate could range between $1,001 and $1,408, 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 E Washington Ave are updated daily along with others in Red Oak, Iowa, ensuring you have the most current and accurate information.
Property Information
Public Records
Tax Lien
The property located at E Washington Ave in Red Oak, IA is listed as a Tax Lien
The property located at E Washington Ave in Red Oak, Iowa 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.
First Steps to Buying a Tax Lien
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.
Read more...
Here are the basic steps to follow:
- Find out from the tax office the time and rules for the bidding. It is very important
that you understand and follow the rules and regulations specific to the area where you
are interested in purchasing tax liens. Tax liens are handled differently in each
county and must be researched to ensure that you are in compliance.
- It is a very good idea to at least drive by the property before bidding. (Please keep in
mind that the owner may still be living in the property and their privacy should be
respected). There have been instances where the amount of tax liens on a property are
more than the property is worth. It may be in a bad area; it may be abandoned and run
down; it may have burned down. It is possible to buy a lien that has little or no value,
so familiarity with the property is important.
- In most instances, if you are the successful bidder for a tax certificate, the rules
require that periodic notice to the property owner be given. Be familiar with the rules
for notice and follow them carefully. Failure to give notice, as required by law, may
jeopardize your investment.
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.
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AVM Analysis
Tax Lien Information
Credit Information Center
County Information
Document Center
Rental Value
The estimated rental value for
E Washington Ave
located in Red Oak, IA
is $1,181/month. Comparable homes around E Washington Ave that are rentals have monthly ranges starting as low as $1,001 per month and as high as $1,408 per month. An owner looking to use this property as an investment could bring a return in the area of $1,001 - $1,408 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.
Listing History
| Start Date |
End Date |
Listing Type |
Bank Name |
| 06/17/24 |
|
Tax Lien |
|
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