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Bureau 61356
1000 Timber Ridge Road
$450,000
● House - Off Market

1000 Timber Ridge Road

Princeton, IL 61356
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,855 Ft²
$473,704
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Quality throughout in this stunning sanctuary-like Tudor style home with over 3800 square feet of living space and over 4 acres of beautifully landscaped lawn. Two fireplaces, a 24' above ground pool, and amazing decks with a fire pit all bring comfort and joy to life as you make your home here. Spacious great room plus lower level rec room allow for multiple living spaces plus working from home would be a breeze in one of the many possible office spaces with a great view. Entertain in the custom kitchen with sliding doors to one of the 4 decks (redone in 2022) that are surrounded by beautiful secluded timber land as you enjoy all that life has to offer. Second garage and two garden sheds allow for massive storage options as well. This is a once in a lifetime chance to own one of the most magnificent homes around!
Unit Size
3,855 Ft²
Days on Market
-
Land Size
4.28 acres
Price per sqft
$123
Property Type
House
Property Taxes
$390
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11771991)

Price History

Date / Event Date Event Price
Jul 24, 2023 Sold
Premium
Sold
May 1, 2023 Listed by Landmark Realty Of Illinois LLC $475,000
Listed by Landmark Realty Of Illinois LLC

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 187,308
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIMBER RIDGE SD
  • Land Acres: 0000004300
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: TIMBER RIDGE SD L 10 & 11 D 15-4849

Neighborhood

  • School District Name: Princeton High School District 500
  • Census Tract: 965500

Geography

  • Account Number: 1635426015
  • District: 16
  • Parcel: 16-35-426-015
  • Lot: 10-11
  • Meridian: SEC 35 TWN 16 RNG 09
  • Municipality: PRINCETON
  • Latitude: 41.3243
  • Longitude: -89.4157

    Address

  • Full Address: 1000 Timber Ridge Rd
  • Address - House Number: 1000
  • Address - Street Name: Timber Ridge
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Princeton
  • Carrier Code: R004
  • 4-Digit Zip Code: 2885
  • Zip Code: 61356

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $454,428
  • Tax Rate Code Area: 16002

    Appraisal Valuation

  • Standard Deviation: 0.2167
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 70
  • Final Value: 261,951
  • High Value: 318,732
  • Low Value: 205,171

    Market Valuation

  • Market Total Value: $229,905
  • Market Land Value: $66,429
  • Market Improvement Value: $163,476

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $76,635
  • Assessed Land Value: $22,143
  • Assessed Improvements Value: $54,492
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Bureau

Stats & Trends

Median Asking:

$175,000

Sale Price/ft²

$121

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1629 ft²

Average Home Age

89.5 years

Currently For Sale

84 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Janelle McCarter, Landmark Realty Of Illinois LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11771991
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1000 Timber Ridge Road built and last sold?
The property at 1000 Timber Ridge Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1000 Timber Ridge Road is $0.
What are some comparable homes to 1000 Timber Ridge Road?
There are currently no comparable homes to 1000 Timber Ridge Road.
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