Overview
This Single-Family Tax Lien is located at Jericho Rd, Big Rock, IL 60511. This property is Tax Lien with an estimated market value of $885,479.
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This single-family property is available as a tax lien at Jericho Rd. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Big Rock, specifically for Jericho Rd and comparable listings. Based on this expert analysis, the estimated market value is $885,479. If purchased for rental purposes, the monthly rental rate could range between $3,160 and $3,860, 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 Jericho Rd are updated daily along with others in Big Rock, 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 5 schools in the area. Nearby schools include Big Rock Elementary School and Hinckley-Big Rock Middle School.
There are plenty of activities near this property like Big Rock Post Office, Big Rock Fire Protection District, and more.
Public transportation options include: Pace suburban bus service in nearby Aurora and Sugar Grove areas, Metra BNSF Railway service from Aurora Transportation Center, Interstate 88 access via nearby Sugar Grove and Aurora corridors. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Big Rock Forest Preserve, Jericho Lake Park and more.
Services available in the area include cellular and internet options.
The property located at Jericho Rd in Big Rock, IL is listed as a Tax Lien
The property located at Jericho Rd in Big Rock, 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 Jericho Rd located in Big Rock, IL is $3,510/month. Comparable homes around Jericho Rd that are rentals have monthly ranges starting as low as $3,160 per month and as high as $3,860 per month. An owner looking to use this property as an investment could bring a return in the area of $3,160 - $3,860 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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