($1-Bid) (No-Reserve) Single Family House in Lake Fork, IL
Current bid:
$452
2 bids
Time Left
Ends Oct 14, 2026
Bid history
since Oct 3
Market demand: Real Estate in Illinois sell about 26% of the time, typically ~2 bids. Based on 264 completed sales over the last year.
- Est. closing costs~1-2.1% of price, on top of the bid
- $1,500 - $2,500
- Can carry liens or unpaid assessments that become your responsibility - order a title search before you bid.
- Illinois is a tax lien state. The county sells the unpaid tax debt, not the house. You buy a certificate that earns interest, and you only get the property if the owner never repays.
- Title here usually needs a quiet-title action before it's insurable or resellable, and the former owner has a 30-month redemption period to reclaim the property.
- Often sold as-is and may be occupied. Budget for repairs, possible eviction, and legal costs.
We do not estimate what a specific property owes. Lien and back-tax amounts live in county records and only a title search returns the real number, so any figure produced without one is a guess you should not bid against. Estimates only, state-level and excluding local add-ons. state $0.50/$500; counties/home-rule cities add. Not legal or tax advice - confirm the specifics with a title search and the seller before you bid. Compare all 51 state tax-sale regimes.
Seller
Illinoisinvestments
Private seller (not a government agency), listed on a platform we index for its fleet and equipment.
Condition: Sold as-is
Full Description
($19,900-Bid) (No-Reserve) Single Family House in Lake Fork, IL Other Listings from the Seller Property Taxes: $198.32/Year House in close by Mt Pulaski are listed in range of $99,000 to $275,000 No Reserve. The winning bidder will buy the property. Selling "As-is" The property is being sold 'As-is' without any inspection by the seller. The seller owns the property and will issue a quitclaim deed, making the winning bidder owner of the real estate. Property Description: Address: 103 Elm St, Lake Fork, IL 62541 House Area: 848 Sq Ft. Bed: 2 Bath: 1 Lot Size: 60 X 142 Sq ft (0.19 Acers) Parcel ID: 06-601-001-50 County: Logan Seller/ Owner: Fountain Investments LLC Buyer pays = Winning bid +$500 for document processing + 10% of purchase winning bid as buyer premium. ($100 Minimum) Property Taxes: The Buyer shall assume the property taxes that were due in 2024 (2023-pay-2024) and thereafter. The total past due amount is about $1100. These taxes are not due at the time of closing and can be paid directly to the county later. Yearly taxes are $198.32. Mode of Payment: The mode of payment is wire transfer. No credit card payments. The payment deadline is two business days after the auction ends. The winning bidder must email the seller the buyer’s name and address exactly as they wish it to appear on the deed, immediately after the auction. The seller will then send the necessary paperwork for signature along with payment instructions. It is the seller’s responsibility to record the deed with the county.
Pickup information
Illinoisinvestments
- Est. closing costs~1-2.1% of price, on top of the bid
- $1,500 - $2,500
- Can carry liens or unpaid assessments that become your responsibility - order a title search before you bid.
- Illinois is a tax lien state. The county sells the unpaid tax debt, not the house. You buy a certificate that earns interest, and you only get the property if the owner never repays.
- Title here usually needs a quiet-title action before it's insurable or resellable, and the former owner has a 30-month redemption period to reclaim the property.
- Often sold as-is and may be occupied. Budget for repairs, possible eviction, and legal costs.
We do not estimate what a specific property owes. Lien and back-tax amounts live in county records and only a title search returns the real number, so any figure produced without one is a guess you should not bid against. Estimates only, state-level and excluding local add-ons. state $0.50/$500; counties/home-rule cities add. Not legal or tax advice - confirm the specifics with a title search and the seller before you bid. Compare all 51 state tax-sale regimes.
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