Overview
This Single-Family Tax Lien is located at River Rd, South Elgin, IL 60177. This property is Tax Lien with an estimated market value of $254,640.
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This single-family property is available as a tax lien at River Rd. Our team of real estate experts has conducted a thorough analysis of the current market conditions in South Elgin, specifically for River Rd and comparable listings. Based on this expert analysis, the estimated market value is $254,640. If purchased for rental purposes, the monthly rental rate could range between $1,530 and $2,070, 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 River Rd are updated daily along with others in South Elgin, Illinois, ensuring you have the most current and accurate information.
This property in South Elgin, IL is located in the Hollywood Sub/2nd Add Subdivision.
The property located at River Rd in South Elgin, IL is listed as a Tax Lien
The property located at River Rd in South 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.
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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.
The estimated rental value for River Rd located in South Elgin, IL is $1,800/month. Comparable homes around River Rd that are rentals have monthly ranges starting as low as $1,530 per month and as high as $2,070 per month. An owner looking to use this property as an investment could bring a return in the area of $1,530 - $2,070 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.
| Start Date | End Date | Listing Type | Bank Name |
|---|---|---|---|
| 10/28/24 | Tax Lien | ||
| 02/22/24 | 04/18/24 | Preforeclosure | |
| 02/21/24 | 04/18/24 | Preforeclosure | Bank Of America |
| 03/08/23 | 04/20/23 | Preforeclosure | |
| 04/13/22 | 04/20/23 | Preforeclosure | |
| 02/07/14 | 12/04/14 | Preforeclosure | BANK OF AMERICA NA |
| 02/03/14 | 11/30/14 | Preforeclosure | BANK OF AMERICA |
| 08/14/12 | 06/10/13 | Preforeclosure | BANK OF AMERICA NA |
| 08/10/12 | 06/06/13 | Preforeclosure | BANK OF AMERICA |
| 02/01/10 | 06/26/10 | Preforeclosure | |
| 10/09/09 | 07/08/10 | Preforeclosure | HSBC MORTGAGE SERVICES INC |
| 12/14/07 | 05/22/08 | Preforeclosure | |
| 09/24/07 | 05/22/08 | Preforeclosure | HSBC BANK |
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