THIS IS NOT AN ACTIVE DISTRESSED LISTING.
Overview
This Single-Family is located at Lakeland Dr, Loxley, AL 36551. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time. It has 2 Baths , 2,016 sqft of living space.
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This single-family property is available as a tax lien at Lakeland Dr. It has bedrooms, 2 bathrooms, and 2,016 square feet of living space. Based on our analysis of the current market conditions in Loxley for Lakeland Dr and comparable listings, the estimated market value is $279,054. If purchased for rental purposes, the monthly rental rate could range between $1,211 and $1,470. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Lakeland Dr are updated daily along with others in Loxley, Alabama.
This property in Loxley, AL is located in the Lakeland Ph 01 Subdivision.
The property located at Lakeland Dr in Loxley, AL is listed as a Tax Lien
The property located at Lakeland Dr in Loxley, Alabama 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 Lakeland Dr located in Loxley, AL is $1,388/month. Comparable homes around Lakeland Dr that are rentals have monthly ranges starting as low as $1,211 per month and as high as $1,470 per month. An owner looking to use this property as an investment could bring a return in the area of $1,211 - $1,470 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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