Overview
This Single-Family Tax Lien is located at George St, Elgin, IL 60120. This property is Tax Lien with an estimated market value of $237,990.
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This single-family property is available as a tax lien at George St. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Elgin, specifically for George St and comparable listings. Based on this expert analysis, the estimated market value is $237,990. If purchased for rental purposes, the monthly rental rate could range between $1,251 and $1,690, 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 George St are updated daily along with others in Elgin, 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 Elgin High School and Harvest Christian Academy.
There are plenty of activities near this property like Elgin Public Library, Grand Victoria Casino, and more.
Public transportation options include: Metra service providing convenient access to downtown Chicago, allowing residents to commute easily for work or leisure., Pace Buses connecting various locations within Elgin and neighboring cities.. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Plato Park, Gail Borden Library Park and more.
Services available in the area include cellular and internet options.
The property located at George St in Elgin, IL is listed as a Tax Lien
The property located at George St in Elgin, 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 George St located in Elgin, IL is $1,470/month. Comparable homes around George St that are rentals have monthly ranges starting as low as $1,251 per month and as high as $1,690 per month. An owner looking to use this property as an investment could bring a return in the area of $1,251 - $1,690 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
THE BANK OF NEW YORK TRUST COMPANY
11/27/23 - 09/22/24Status: Inactive
The owner is behind on payments and has entered preforeclosure. It may still be possible to avoid foreclosure or sell early.
Status: Inactive
BANK OF NEW YORK MELLON TRT CO TTEE
11/17/23 - 09/12/24Status: Inactive
Status: Inactive
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Three Notch Rd
Nashville, IN
| 4 BEDS |
3 BATHS |
2,800 SQUARE FEET |
Single-Family PROPERTY TYPE |
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