Overview
This Single-Family Tax Lien is located at Magnolia Ave, Gurnee, IL 60031. It has 2 Baths , 1,843 sqft of living space. This property is Tax Lien with an estimated market value of $277,134.
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This single-family property is available as a tax lien at Magnolia Ave. This property features bedrooms and 2 bathrooms, perfect for investment and/or your personal residence. With 1,843 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 Gurnee, specifically for Magnolia Ave and comparable listings. Based on this expert analysis, the estimated market value is $277,134. If purchased for rental purposes, the monthly rental rate could range between $1,700 and $1,880, 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 Magnolia Ave are updated daily along with others in Gurnee, 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 Gurnee Mills Elementary School and Daniel Wright Junior High School.
There are plenty of activities near this property like Gurnee Mills Mall, Six Flags Great America, and more.
Public transportation options include: Pace Bus services provide connections to local communities and Metra stations, offering convenient access to Chicago and surrounding areas.. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Buffalo Grove Park District, Viking Park and more.
Services available in the area include cellular and internet options.
This property in Gurnee, IL is located in the Frederick H Bartlett's Grand E Subdivision.
The property located at Magnolia Ave in Gurnee, IL is listed as a Tax Lien
The property located at Magnolia Ave in Gurnee, 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 Magnolia Ave located in Gurnee, IL is $1,790/month. Comparable homes around Magnolia Ave that are rentals have monthly ranges starting as low as $1,700 per month and as high as $1,880 per month. An owner looking to use this property as an investment could bring a return in the area of $1,700 - $1,880 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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