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1220 Pine Tree Drive

1220 Pine Tree Drive, Lake Villa, IL 60046
House in Cedar Ridge
Sold Sep 03, 2020
$324,000
$296,300 by Chicago Financial Services Inc
Mortgage Due Sep 01, 2050
Sold May 24, 2005
$435,000
$347,200 by Countrywide Home Loans Inc
Mortgage Due May 01, 2035
Local assessors in Lake Villa, IL have categorized 1220 Pine Tree Drive as a residential type of property. The home was built in 2005 and is 19 years old. The property's lot size has been calculated to be 12,410 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 11 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1220 Pine Tree Drive has a total of 3,860 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 638 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a roof that is made of composition shingle. Lots of wood siding were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Aug 11, 2020 for $324,000. That's $49.11 per sqft. Prior to that sales transaction, the property was also sold in Apr 20, 2005 for $435,000. 1220 Pine Tree Drive was last assessed in 2023. The total value of the property was assessed at $138,104. Specifically, the land the property is located on was valued at $18,456. While improvements on the property were assessed at a total of $119,648. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $10,808. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Brick Exterior
Vinyl Siding

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 2,100
  • Garage Type: Attached
  • Garage Square Area: 638
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 12,410
  • Total Building Area: 6,598
  • Gross Building Area: 6,598
  • Building Area: 3,860
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,860
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CEDAR RIDGE PHASE II UNIT 1 SUB
  • Land Acres: 0.285
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CEDAR RIDGE PHASE II UNIT 1 SUB; LOT 118

Ownership

  • Current Owner : RAMOS MATTHEW
  • Current Owner 2: RAMOS GRACE FERNANDEZ
  • Previous Owner : COAKLEY DANIEL R
  • Previous Owner 2: COAKLEY SHANNA
  • Owner Before Previous Owner: REALEN HOMES LP
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Grant Community High School District 124
  • Census Tract: 861010

Geography

  • District: LAKE VILLA
  • Subdivision Phase Number: 2
  • Parcel: 06-08-312-007
  • Lot: 118
  • Municipality: TWP OF LAKE VILLA
  • Latitude: 42.3904
  • Longitude: -88.0954

    Address

  • Full Address: 1220 Pine Tree Dr
  • Legal Unit: 1
  • Address - House Number: 1220
  • Address - Street Name: Pine Tree
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lake Villa
  • Carrier Code: R016
  • 4-Digit Zip Code: 8624
  • Zip Code: 60046

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,808
  • Tax Rate Code Area: 5137

    Appraisal Valuation

  • Standard Deviation: 0.1703
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 455,656
  • High Value: 533,274
  • Low Value: 378,038

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $311,746
  • First Open Lien Mortgage Lender: CHICAGO FINANCIAL SERVICES INC
  • First Open Lien Mortgage Recording Date: Sep 03, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $296,300
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2050
  • Second Open Lien Mortgage Lender: SECRETARY OF HOUSING AND URBAN
  • Second Open Lien Mortgage Recording Date: Jul 13, 2022
  • Second Open Lien Mortgage Loan Amount: $15,446
  • Second Open Lien Mortgage Term: 337
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Sep 01, 2050

    Market Valuation

  • Market Total Value: $414,354
  • Market Land Value: $55,374
  • Market Improvement Value: $358,980

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $138,104
  • Assessed Land Value: $18,456
  • Assessed Improvements Value: $119,648

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 11, 2020
  • Current Sale Recording Date: Sep 03, 2020
  • Current Sale Transaction ID: 11787526678
  • Current Sale Price: $324,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7691175
  • Previous Sale Recording Date: May 24, 2005
  • Previous Sale Contract Date: Apr 20, 2005
  • Previous Sale Amount: $435,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CHICAGO FINANCIAL SERVICES INC
  • First Mortgage Transaction Date: Sep 03, 2020
  • First Mortgage Loan Amount: $296,300
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: COUNTRYWIDE HOME LOANS INC
  • Previous Mortgage Transaction Date: May 24, 2005
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $347,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2035

About Cedar Ridge



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Frequently Asked Questions

What neighborhood is 1220 Pine Tree Drive located in?
The 1220 Pine Tree Drive is a house located in the neighborhood of Cedar Ridge in Cedar Ridge, Lake Villa.
What is the average sales price for listings in 1220 Pine Tree Drive?
The average sales price for units in 1220 Pine Tree Drive is $332,750 , or $86/sqft. currently.

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