Overview
This Single-Family Tax Lien is located at Shunpike Rd, Summit, NJ 07901. This property is Tax Lien with an estimated market value of $535,641.
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This single-family property is available as a tax lien at Shunpike Rd. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Summit, specifically for Shunpike Rd and comparable listings. Based on this expert analysis, the estimated market value is $535,641. If purchased for rental purposes, the monthly rental rate could range between $2,090 and $3,130, 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 Shunpike Rd are updated daily along with others in Summit, New Jersey, 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 10 schools in the area. Nearby schools include Summit High School and Lawton C. Johnson Summit Middle School.
There are plenty of activities near this property like Downtown Summit restaurants, cafes, banks, and professional offices, Overlook Medical Center, and more.
Public transportation options include: NJ Transit rail service at Summit Station on the Morris & Essex Lines, Direct and connecting train service to New York Penn Station and Hoboken Terminal, NJ Transit local and commuter bus routes serving Summit and nearby communities, Park-and-ride and commuter parking options near Summit Station, Regional highway access via Route 24, I-78, and nearby I-287 connections. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Reeves-Reed Arboretum, Briant Park and more.
Services available in the area include cellular and internet options.
The property located at Shunpike Rd in Summit, NJ is listed as a Tax Lien
The property located at Shunpike Rd in Summit, New Jersey 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 Shunpike Rd located in Summit, NJ is $2,610/month. Comparable homes around Shunpike Rd that are rentals have monthly ranges starting as low as $2,090 per month and as high as $3,130 per month. An owner looking to use this property as an investment could bring a return in the area of $2,090 - $3,130 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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