This Single-Family Tax Lien is located at Chapel St, Summit, NJ 07901. It has , 1,274 sqft of living space. This property is Tax Lien with an estimated market value of $463,165.
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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 Chapel St located in Summit, NJ is $2,660/month. Comparable homes around Chapel St that are rentals have monthly ranges starting as low as $2,130 per month and as high as $3,190 per month. An owner looking to use this property as an investment could bring a return in the area of $2,130 - $3,190 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.
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