THIS IS NOT AN ACTIVE DISTRESSED LISTING.
Overview
This Single-Family is located at E Michigan Ave, Foley, AL 36535. 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 3 Beds, 1 Bath , 1,590 sqft of living space.
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This single-family property is available as a tax lien at E Michigan Ave. It has 3 bedrooms, 1 bathrooms, and 1,590 square feet of living space. Based on our analysis of the current market conditions in Foley for E Michigan Ave and comparable listings, the estimated market value is $240,535. If purchased for rental purposes, the monthly rental rate could range between $1,020 and $1,241. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at E Michigan Ave are updated daily along with others in Foley, Alabama.
This property in Foley, AL is located in the Juniper Place Unit 04 Subdivision.
The property located at E Michigan Ave in Foley, AL is listed as a Tax Lien
The property located at E Michigan Ave in Foley, 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 E Michigan Ave located in Foley, AL is $1,131/month. Comparable homes around E Michigan Ave that are rentals have monthly ranges starting as low as $1,020 per month and as high as $1,241 per month. An owner looking to use this property as an investment could bring a return in the area of $1,020 - $1,241 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.
| Start Date | End Date | Listing Type | Bank Name |
|---|---|---|---|
| 03/14/23 | 03/30/23 | Preforeclosure | METLIFE HOME LOANS |
| 03/13/23 | 03/30/23 | Preforeclosure |
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