Overview
This Single-Family Tax Lien is located at Grove Rd, Marengo, IL 60152. This property is Tax Lien.
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This single-family property is available as a tax lien at Grove Rd. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Marengo, specifically for Grove Rd and comparable listings. Based on this expert analysis, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Grove Rd are updated daily along with others in Marengo, Illinois, ensuring you have the most current and accurate information.
The property located at Grove Rd in Marengo, IL is listed as a Tax Lien
The property located at Grove Rd in Marengo, 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.
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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.
| Start Date | End Date | Listing Type | Bank Name |
|---|---|---|---|
| 11/13/24 | Tax Lien |
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Finish Line Dr
Hope Mills, NC
| 3 BEDS |
2.5 BATHS |
2,074 SQUARE FEET |
Single-Family PROPERTY TYPE |
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