Potential Profit$54,468
This single-family property is available as a foreclosure at Eric Ln. This property features 4 bedrooms and 2 bathrooms, perfect for investment and/or your personal residence. With 2,492 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 Lake Zurich, specifically for Eric Ln and comparable listings. Based on this expert analysis, the estimated market value is $610,143. This single-family has potential equity of $54,468. If purchased for rental purposes, the monthly rental rate could range between $2,860 and $3,160, providing a solid return on investment. For those interested in resale, the estimated profit from selling is $54,468. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Eric Ln are updated daily along with others in Lake Zurich, Illinois, ensuring you have the most current and accurate information. Since this property is a foreclosure, be sure to check out our Foreclosure Timeline for Eric Ln below to see detailed and helpful information about what stage of the foreclosure process this listing is in.
Not in Foreclosure
Pre-Foreclosure
Auction
Bank Owned
This property in Lake Zurich, IL is located in the Hunters Creek Subdivision.
The property located at Eric Ln in Lake Zurich, IL is listed as a Foreclosure
Properties like Eric Ln in Lake Zurich, Illinois listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house in Lake Zurich, IL. The longer lenders own properties like this on Eric Ln, the more eager they become to sell, often at reduced prices.Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:
Steps as you search for your foreclosure property:
Foreclosed properties can represent excellent opportunities to acquire real estate at bargain prices. But in order to take full advantage of these opportunities you must have all your information and take an organized approach to finding and acquiring foreclosed properties. Find the location and property that interests you, work with the Realtor and closing agent to learn all you can about the property, and make your offer based upon good information and research.
The estimated rental value for Eric Ln located in Lake Zurich, IL is $3,010/month. Comparable homes around Eric Ln that are rentals have monthly ranges starting as low as $2,860 per month and as high as $3,160 per month. An owner looking to use this property as an investment could bring a return in the area of $2,860 - $3,160 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 |
|---|---|---|---|
| 06/20/25 | Foreclosure | ||
| 09/27/16 | 04/17/17 | Foreclosure | |
| 06/12/16 | 09/27/16 | Preforeclosure |
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