$261,000

3 Beds   2 Baths   1,916 Sq. Ft.   Single-Family
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State Route 159
Smithton, IL 62285

Potential Profit
$21,800

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Status: Active
Listing ID: 58155934
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Learn about State Route 159 in Smithton, IL

This single-family property is available as a foreclosure at State Route 159. It has 3 bedrooms, 2 bathrooms, and 1,916 square feet of living space. Based on our analysis of the current market conditions in Smithton for State Route 159 and comparable listings, the estimated market value is $277,200. The property located at single-family has potential equity of $21,800. If purchased for rental purposes, the monthly rental rate could range between $1,092 and $1,440. For those interested in resale, the estimated profit from selling is $21,800. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at State Route 159 are updated daily along with others in Smithton, Illinois. Since this property is a foreclosure, check out our Foreclosure Timeline for State Route 159 below to see helpful information about this listing.


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All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependant on credit scores, loan timeline, and a down payment amount.

Foreclosure Timeline

State Route 159 in Smithton Illinois Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on State Route 159
View Foreclosure Status
06/27/22
Bank owned
The lender has taken ownership of this property through a foreclosure auction for the amount of $261,000. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.
03/13/19
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
Rental Chart
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for State Route 159 in Smithton Illinois
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Property Information

  • Price: $261,000
  • Bedrooms: 3
  • Bathrooms: 2
  • Living Area Size: 1,916
  • Year Built: Sign in to view
  • Subdivision: WALTER'S ACRES
  • Property Type: Single Family Dwelling

Public Records

Community & Neighborhood

This property in Smithton, IL is located in the Walter's Acres Subdivision.


Foreclosure

The property located at State Route 159 in Smithton, IL is listed as a Foreclosure

Properties like State Route 159 in Smithton, Illinois listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house in Smithton, IL. The longer lenders own properties like this on State Route 159, the more eager they become to sell, often at reduced prices.

First Steps to Buying a Foreclosure

Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:

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Rental Value

The estimated rental value for State Route 159 located in Smithton, IL is $1,251/month. Comparable homes around State Route 159 that are rentals have monthly ranges starting as low as $1,092 per month and as high as $1,440 per month. An owner looking to use this property as an investment could bring a return in the area of $1,092 - $1,440 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.

Similar Homes Nearby Smithton, IL


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Homes On This Street
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State Route 159
Smithton, IL 62285

3 Beds   2 Baths   1,916 sq. ft.   Single-Family

$261,000

Status: Active Listing ID: 58155934

Property Information

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Public Records

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Property Description

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Listing URL

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