Overview
This Single-Family Tax Lien is located at Weil Rd, Troy, IL 62294. This property is Tax Lien with an estimated market value of $164,087.
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This single-family property is available as a tax lien at Weil Rd. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Troy, specifically for Weil Rd and comparable listings. Based on this expert analysis, the estimated market value is $164,087. If purchased for rental purposes, the monthly rental rate could range between $830 and $1,131, 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 Weil Rd are updated daily along with others in Troy, 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 6 schools in the area. Nearby schools include Triad High School and Triad Middle School.
There are plenty of activities near this property like Troy City Hall and local municipal services, Anderson Hospital in nearby Maryville, and more.
Public transportation options include: Madison County Transit regional bus service in the surrounding Metro East area, MCT park-and-ride and commuter connections to nearby communities, MetroLink access from nearby stations in the St. Louis Metro East area, Interstate commuter routes via I-55, I-70, I-270, and I-255. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Tri-Township Park, Troy City Park and more.
Services available in the area include cellular and internet options.
The property located at Weil Rd in Troy, IL is listed as a Tax Lien
The property located at Weil Rd in Troy, 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 Weil Rd located in Troy, IL is $980/month. Comparable homes around Weil Rd that are rentals have monthly ranges starting as low as $830 per month and as high as $1,131 per month. An owner looking to use this property as an investment could bring a return in the area of $830 - $1,131 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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