This single-family property is available as a tax lien at W 83rd Pl. Based on our analysis of the current market conditions in Justice for W 83rd Pl and comparable listings, the estimated market value is $288,405. If purchased for rental purposes, the monthly rental rate could range between $1,920 and $2,340. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at W 83rd Pl are updated daily along with others in Justice, Illinois.
Plus with taxes and insurance
Based on 20% down, 30 year mortgage, with 5% APR
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.
The property located at W 83rd Pl in Justice, IL is listed as a Tax LienThe property located at W 83rd Pl in Justice, 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 W 83rd Pl located in Justice, IL is $2,130/month. Comparable homes around W 83rd Pl that are rentals have monthly ranges starting as low as $1,920 per month and as high as $2,340 per month. An owner looking to use this property as an investment could bring a return in the area of $1,920 - $2,340 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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