Overview
This Single-Family Tax Lien is located at Flora Rd, Lake Charles, LA 70607. This property is Tax Lien with an estimated market value of $359,577.
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This single-family property is available as a tax lien at Flora Rd. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Lake Charles, specifically for Flora Rd and comparable listings. Based on this expert analysis, the estimated market value is $359,577. If purchased for rental purposes, the monthly rental rate could range between $1,072 and $1,400, 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 Flora Rd are updated daily along with others in Lake Charles, Louisiana, 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 Lake Charles Boston Academy of Learning and Sam Houston High School.
There are plenty of activities near this property like Lake Charles Memorial Hospital, Calcasieu Parish Library, and more.
Public transportation options include: Public transportation in Lake Charles is provided by the Lake Charles Transit system, which offers fixed-route bus services throughout the city and nearby areas., Taxis and rideshare services like Uber and Lyft are also available for convenient local travel.. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Millennium Park, Lake Charles Recreation Center and more.
Services available in the area include cellular and internet options.
This property in Lake Charles, LA is located in the Addison Subdivision.
The property located at Flora Rd in Lake Charles, LA is listed as a Tax Lien
The property located at Flora Rd in Lake Charles, Louisiana 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 Flora Rd located in Lake Charles, LA is $1,220/month. Comparable homes around Flora Rd that are rentals have monthly ranges starting as low as $1,072 per month and as high as $1,400 per month. An owner looking to use this property as an investment could bring a return in the area of $1,072 - $1,400 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.
Status: Active
A tax lien has been filed due to unpaid property taxes. The owner may need to resolve this before transferring ownership.
Status: Active
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