Check Availability

1280 Old Timber Lane

1280 Old Timber Lane, Hoffman Estates, IL 60192
Property in Palatine
Sold Dec 31, 2003
$240,000
$150,000 by Lakeview Loan Servicing Llc
Mortgage Due Jan 01, 2051
Sold Aug 25, 1999
$166,000
$149,400 by Chase Manhattan Mtg Corp
Mortgage Due Jul 01, 2029
1280 Old Timber Lane in Hoffman Estates, IL was first built in 1987 and is 37 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a bungalow style. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1280 Old Timber Lane has 1,456 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 560 ft and the linear feet between the front and back of the lot is 850. In total, the area measurement of the land is 4,760 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. For those who need parking, there is a attached garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Nov 25, 2003 for $240,000. That's $164.84 per sqft. Prior to that sales transaction, the property was also sold in Jun 4, 1999 for $166,000. 1280 Old Timber Lane was last assessed in 2023. The total value of the property was assessed at $29,196. Specifically, the land the property is located on was valued at $4,284. While improvements on the property were assessed at a total of $24,912. 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 $8,172. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,760
  • Lot Size Depth Feet: 850
  • Lot Size Frontage Feet: 560
  • Total Building Area: 1,456
  • Gross Building Area: 1,456
  • Building Area: 1,456
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,456
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MEADOW WALK
  • Land Acres: 0.109
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (MEADOW) (WALK) BNG A RESUB OF PTS OF BLKS 1-3,6-10 & VAC STS IN HOWIE IN THE HILLS UNIT1 A SUB IN SEC 19-42-10

Ownership

  • Current Owner : SHUI JINGQI
  • Previous Owner : PARK JONG RAK
  • Previous Owner 2: PARK MIN JA
  • Owner Before Previous Owner: PARK SEHYUN
  • Owner Before Previous Owner 2: PARK FUN JOOSHIN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 804104

Geography

  • District: 29
  • Parcel: 02-19-215-050-0000
  • Block: 1-3
  • Lot: 12
  • Meridian: SEC 19 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1103
  • Longitude: -88.1116

    Address

  • Full Address: 1280 Old Timber Ln
  • Legal Unit: IT1
  • Address - House Number: 1280
  • Address - Street Name: Old Timber
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C022
  • 4-Digit Zip Code: 1164
  • Zip Code: 60192

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,172
  • Tax Rate Code Area: 29082

    Appraisal Valuation

  • Standard Deviation: 0.222
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 358,713
  • High Value: 438,364
  • Low Value: 279,062

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $150,000
  • First Open Lien Mortgage Lender: LAKEVIEW LOAN SERVICING LLC
  • First Open Lien Mortgage Recording Date: Mar 02, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $150,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051

    Market Valuation

  • Market Total Value: $291,960
  • Market Land Value: $42,840
  • Market Improvement Value: $249,120

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,196
  • Assessed Land Value: $4,284
  • Assessed Improvements Value: $24,912

    Sales

  • Current Sale Contract Date: Nov 25, 2003
  • Current Sale Recording Date: Dec 31, 2003
  • Current Sale Transaction ID: 1132387242
  • Current Sale Price: $240,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 0336533264
  • Previous Sale Recording Date: Aug 25, 1999
  • Previous Sale Contract Date: Jun 04, 1999
  • Previous Sale Amount: $166,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST ALLIANCE BANK FSB
  • First Mortgage Transaction Date: Dec 31, 2003
  • First Mortgage Loan Amount: $192,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Unknown (DEFAULT)
  • First Mortgage Loan Due Date: Dec 01, 2033
  • Second Mortgage Loan Amount: $24,000

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: CHASE MANHATTAN MTG CORP
  • Previous Mortgage Transaction Date: Aug 25, 1999
  • Previous Mortgage Loan Amount: $149,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Balloon
  • Previous Mortgage Loan Due Date: Jul 01, 2029

About Hoffman Estates



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 1974 Haddam Place, Hoffman Estates, IL, 60169

$2,800 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,350 ft²
1974 Haddam Place #1974, Hoffman Estates, IL, 60169 Listing by Linda Portillo
Unit for rent at 1285 Sumac Trail, Hoffman Estates, IL, 60192

$2,950 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,803 ft²
1285 Sumac Trail, Hoffman Estates, IL, 60192 Listing by Robert Brandt

Frequently Asked Questions

What neighborhood is 1280 Old Timber Lane located in?
The 1280 Old Timber Lane is a located in the neighborhood of Palatine in Hoffman Estates, Hoffman Estates.
What is the average sales price for listings in 1280 Old Timber Lane?
The average sales price for units in 1280 Old Timber Lane is $0 currently.

Quantcast