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131 Timber Lane

131 Timber Lane, Lake Villa, IL 60046
Property in Lake Villa
Sold Aug 03, 2016
$212,000
$169,600 by Abbott Laboratories Employees
Mortgage Due Aug 01, 2046
Sold Sep 28, 2005
$276,000
$220,800 by Residential Loan Centers Of Am
Mortgage Due Sep 01, 2035
131 Timber Lane in Lake Villa, IL was first built in 1974 and is 50 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 ranch/rambler style. It is a single story home. There are a total of 9 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 131 Timber Lane has 1,636 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 1,300 ft and the linear feet between the front and back of the lot is 700. In total, the area measurement of the land is 9,104 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The roof of the home is made of composition shingle. Water for the property is sourced from a municipal system. For those who need parking, there is a attached garage. The garage is 462 sqft. 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 siding. 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 forced air unit. 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 Jul 6, 2016 for $212,000. That's $56.78 per sqft. Prior to that sales transaction, the property was also sold in Sep 2, 2005 for $276,000. 131 Timber Lane was last assessed in 2023. The total value of the property was assessed at $92,000. Specifically, the land the property is located on was valued at $10,739. While improvements on the property were assessed at a total of $81,261. 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 $10,015. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,636
  • Garage Type: Attached
  • Garage Square Area: 462
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,104
  • Lot Size Depth Feet: 700
  • Lot Size Frontage Feet: 1,300
  • Total Building Area: 3,734
  • Gross Building Area: 3,910
  • Building Area: 1,636
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,636
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: VENETIAN VILLAGE UNIT NO.22
  • Land Acres: 0.209
  • Standard Land Use Code: Single family residential
  • Legal Description 1: VENETIAN VILLAGE UNIT NO.22 LOT 27 BLOCK 186

Ownership

  • Current Owner : JANSKY DONALD
  • Current Owner 2: JANSKY KATHLEEN
  • Previous Owner : DEAN LINDA
  • Owner Before Previous Owner: FORKER JOHN D
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Millburn Community Consolidated School District 24
  • Census Tract: 861009

Geography

  • District: LAKE VILLA
  • Parcel: 06-01-101-027
  • Block: 186
  • Lot: 27
  • Municipality: TWP OF LAKE VILLA
  • Latitude: 42.4131
  • Longitude: -88.0189

    Address

  • Full Address: 131 Timber Ln
  • Legal Unit: 22
  • Address - House Number: 131
  • Address - Street Name: Timber
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Lindenhurst
  • Carrier Code: R018
  • 4-Digit Zip Code: 8335
  • Zip Code: 60046

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,015
  • Tax Rate Code Area: 5128

    Appraisal Valuation

  • Standard Deviation: 0.1762
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 341,221
  • High Value: 401,368
  • Low Value: 281,075

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $169,600
  • First Open Lien Mortgage Lender: ABBOTT LABORATORIES EMPLOYEES
  • First Open Lien Mortgage Recording Date: Aug 03, 2016
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $169,600
  • 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: Aug 01, 2046

    Market Valuation

  • Market Total Value: $276,027
  • Market Land Value: $32,220
  • Market Improvement Value: $243,807

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $92,000
  • Assessed Land Value: $10,739
  • Assessed Improvements Value: $81,261

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 06, 2016
  • Current Sale Recording Date: Aug 03, 2016
  • Current Sale Transaction ID: 1706860383
  • Current Sale Price: $212,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7315358
  • Previous Sale Recording Date: Sep 28, 2005
  • Previous Sale Contract Date: Sep 02, 2005
  • Previous Sale Amount: $276,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ABBOTT LABORATORIES EMPLOYEES
  • First Mortgage Transaction Date: Aug 03, 2016
  • First Mortgage Loan Amount: $169,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2046

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: RESIDENTIAL LOAN CENTERS OF AM
  • Previous Mortgage Transaction Date: Sep 28, 2005
  • Previous Mortgage Loan Amount: $220,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Sep 01, 2035

About Lindenhurst



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Frequently Asked Questions

What neighborhood is 131 Timber Lane located in?
The 131 Timber Lane is a located in the neighborhood of Lake Villa in Lindenhurst, Lake Villa.
What is the average sales price for listings in 131 Timber Lane?
The average sales price for units in 131 Timber Lane is $0 currently.

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