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1331 Timber Ridge Drive

1331 Timber Ridge Drive, Erie, PA 16509
Property in Millcreek
Sold Sep 30, 2021
$350,000
$332,500 by Union Home Mortgage Corp
Mortgage Due Oct 01, 2051
Sold Apr 08, 2019
$83,000
1331 Timber Ridge Drive has been categorized by the local assessors in Erie, PA as a residential type of property. The building on the property was first built in 1989 and is 35 years old. The home has a total of 9 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1331 Timber Ridge Drive has 2,221 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement that is 91 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,250 ft and across the front of the lot is 850 ft. The area measurement of the land has been determined as 10,624 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 667 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a open porch. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1331 Timber Ridge Drive sold most recently in Sep 29, 2021 for a total of $350,000. If you work out the math, that's approximately a cost of $157.59 per sqft. Before that, the property was also sold for $83,000 in Apr 2, 2019. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,314 in taxes each year. 1331 Timber Ridge Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $210,310. If we break it down further, the land itself was valued at $43,700. Improvements to the property, however, were assessed at a total of $166,610. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 91
  • Garage Type: Garage
  • Garage Square Area: 667
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 10,624
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 850
  • Total Building Area: 2,221
  • Building Area: 2,221
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,221
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TIMBER RIDGE SUBDIVISION
  • Land Acres: 0.244
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 1331 TIMBER RIDGE DR 85X125

Ownership

  • Current Owner : OLLMANN MATTHEW T
  • Current Owner 2: OLLMANN LAUREN E
  • Previous Owner : STADLER RYAN
  • Previous Owner 2: STADLER MEGAN
  • Owner Before Previous Owner: PENNY WOODS LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Millcreek Township School District
  • School Tax School District: MSD
  • Census Tract: 011001

Zoning

  • Zoning: AR

Geography

  • Assessors Map Reference: MAP 164
  • District: 33
  • Parcel: 33-164-619.0-206.05
  • Municipality: MILLCREEK TOWNSHIP
  • Latitude: 42.07
  • Longitude: -80.0816

    Address

  • Full Address: 1331 Timber Ridge Dr
  • Address - House Number: 1331
  • Address - Street Name: Timber Ridge
  • Address - Suffix Type: Dr
  • State: PA
  • City Name: Erie
  • Carrier Code: C068
  • 4-Digit Zip Code: 2861
  • Zip Code: 16509

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,314

    Appraisal Valuation

  • Standard Deviation: 0.2482
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 65
  • Final Value: 372,000
  • High Value: 464,344
  • Low Value: 279,657

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $332,500
  • First Open Lien Mortgage Lender: UNION HOME MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Sep 30, 2021
  • First Open Lien Mortgage Loan Amount: $332,500
  • 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: Oct 01, 2051

    Market Valuation

  • Market Total Value: $210,310
  • Market Land Value: $43,700
  • Market Improvement Value: $166,610

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $210,310
  • Assessed Land Value: $43,700
  • Assessed Improvements Value: $166,610

    Sales

  • Current Sale Contract Date: Sep 29, 2021
  • Current Sale Recording Date: Sep 30, 2021
  • Current Sale Transaction ID: 11859270344
  • Current Sale Price: $350,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021-026263
  • Previous Sale Recording Date: Apr 08, 2019
  • Previous Sale Contract Date: Apr 02, 2019
  • Previous Sale Amount: $83,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNION HOME MORTGAGE CORP
  • First Mortgage Transaction Date: Sep 30, 2021
  • First Mortgage Loan Amount: $332,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

About Erie



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Frequently Asked Questions

What neighborhood is 1331 Timber Ridge Drive located in?
The 1331 Timber Ridge Drive is a located in the neighborhood of Millcreek in Erie, Erie.
What is the average sales price for listings in 1331 Timber Ridge Drive?
The average sales price for units in 1331 Timber Ridge Drive is $0 currently.

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