Overview
This Foreclosure is located at S 16th St, Springfield, IL 62703. This property is currently bank owned.
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This property is available as a foreclosure at S 16th St. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Springfield, specifically for S 16th St 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 S 16th St are updated daily along with others in Springfield, Illinois, ensuring you have the most current and accurate information. Since this property is a foreclosure, be sure to check out our Foreclosure Timeline for S 16th St below to see detailed and helpful information about what stage of the foreclosure process this listing is in.
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.
Not in Foreclosure
Pre-Foreclosure
Auction
Bank Owned
There are 5 schools in the area. Nearby schools include Springfield High School and Lanphier High School.
There are plenty of activities near this property like Springfield Public Library, Memorial Medical Center, and more.
Public transportation options include: Sangamon Mass Transit District (SMTD) provides bus services throughout Springfield, facilitating easy access to various neighborhoods and commercial areas.. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Washington Park, Lincoln Park and more.
Services available in the area include cellular and internet options.
The property located at S 16th St in Springfield, IL is listed as a Foreclosure
Properties like S 16th St in Springfield, Illinois listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house in Springfield, IL. The longer lenders own properties like this on S 16th St, the more eager they become to sell, often at reduced prices.Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:
Steps as you search for your foreclosure property:
Foreclosed properties can represent excellent opportunities to acquire real estate at bargain prices. But in order to take full advantage of these opportunities you must have all your information and take an organized approach to finding and acquiring foreclosed properties. Find the location and property that interests you, work with the Realtor and closing agent to learn all you can about the property, and make your offer based upon good information and research.
Status: Inactive
The property has moved into foreclosure proceedings. The lender is likely preparing the home for auction or repossession.
Status: Inactive
Status: 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
A tax lien has been filed due to unpaid property taxes. The owner may need to resolve this before transferring ownership.
Status: Inactive
Status: Active
Status: Active
Status: Inactive
Status: Inactive
Status: Inactive
Status: Inactive
Status: Inactive
Status: Inactive
Status: Inactive
Status: Inactive
Status: Inactive
Status: Inactive
Status: Inactive
Status: Inactive
Status: Inactive
Status: Inactive
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