Overview
This Single-Family Tax Lien is located at N Rainbow Rd, North Barrington, IL 60010. It has 3.5 Baths , 4,006 sqft of living space. This property is Tax Lien with an estimated market value of $786,351.
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This single-family property is available as a tax lien at N Rainbow Rd. This property features bedrooms and 3.5 bathrooms, perfect for investment and/or your personal residence. With 4,006 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 North Barrington, specifically for N Rainbow Rd and comparable listings. Based on this expert analysis, the estimated market value is $786,351. If purchased for rental purposes, the monthly rental rate could range between $3,370 and $3,730, 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 N Rainbow Rd are updated daily along with others in North Barrington, 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 3 schools in the area. Nearby schools include Barrington High School and North Barrington Elementary School.
There are plenty of activities near this property like Barrington Area Library, Lake County Health Department, and more.
Public transportation options include: Metra Train Service provides direct access to downtown Chicago, making commuting convenient for residents.. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Barrington Area Conservation Trust, Barrington Village Park and more.
Services available in the area include cellular and internet options.
This property in North Barrington, IL is located in the Brook Forest Subdivision.
The property located at N Rainbow Rd in North Barrington, IL is listed as a Tax Lien
The property located at N Rainbow Rd in North Barrington, 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 N Rainbow Rd located in North Barrington, IL is $3,550/month. Comparable homes around N Rainbow Rd that are rentals have monthly ranges starting as low as $3,370 per month and as high as $3,730 per month. An owner looking to use this property as an investment could bring a return in the area of $3,370 - $3,730 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
Status: Inactive
The property has entered bankruptcy protection. A court-appointed process may delay foreclosure or sale while debts are restructured.
Status: Inactive
Status: Inactive
The property has moved into foreclosure proceedings. The lender is likely preparing the home for auction or repossession.
Status: Inactive
BARRINGTON BANK AND TRUST COMPANY N A
06/24/13 - 08/01/13Status: Inactive
The owner is behind on payments and has entered preforeclosure. It may still be possible to avoid foreclosure or sell early.
Status: Inactive
Status: Inactive
Status: Inactive
BARRINGTON BANK & TRUST CO NA
09/26/12 - 08/01/13Status: Inactive
Status: Inactive
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