This Single-Family Tax Lien is located at Overlook Rd, Boonton, NJ 07005. It has , 1,116 sqft of living space. This property is Tax Lien with an estimated market value of $550,863.
Save money on this property now.
This single-family property is available as a tax lien at Overlook Rd. Based on our analysis of the current market conditions in Boonton for Overlook Rd and comparable listings, the estimated market value is $550,863. If purchased for rental purposes, the monthly rental rate could range between $2,310 and $3,130. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Overlook Rd are updated daily along with others in Boonton, New Jersey.
The property located at Overlook Rd in Boonton, NJ is listed as a Tax LienThe property located at Overlook Rd in Boonton, 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 Overlook Rd located in Boonton, NJ is $2,720/month. Comparable homes around Overlook Rd that are rentals have monthly ranges starting as low as $2,310 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 $2,310 - $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.
Calculate monthly mortgage payments with our easy mortgage loan calculator.
Millions of people receive foreclosure alerts daily, don't miss out.
Alert me about homes in that match this search.
By signing up for property alerts, I have read the Terms and Conditions of Service and agree to receive emails from Foreclosure.com.