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22389 West Timberlea Lane

22389 West Timberlea Lane, Lake Zurich, IL 60047
Property in Bishop's Ridge
Sold Sep 23, 2021
$578,000
$398,000 by Crosscountry Mortgage Llc
Mortgage Due Sep 01, 2051
22389 West Timberlea Lane has been categorized by the local assessors in Lake Zurich, IL as a residential type of property. The building on the property was first built in 1990 and is 34 years old. 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, 22389 West Timberlea Lane has 2,836 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 46,152 square feet.

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 attached garage for those who require parking. The garage measured 932 sqft. According to our sources, there are a total of 4 available parking spaces. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The inside of the home is being cooled with central air conditioning at the moment. There is a single fireplace in the home. Perfect for those wintery nights. 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, 22389 West Timberlea Lane sold most recently in Aug 11, 2021 for a total of $578,000. If you work out the math, that's approximately a cost of $109.39 per sqft. 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 $13,379 in taxes each year. 22389 West Timberlea Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $168,537. If we break it down further, the land itself was valued at $42,549. Improvements to the property, however, were assessed at a total of $125,988. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,516
  • Garage Type: Attached
  • Garage Square Area: 932
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 46,152
  • Total Building Area: 5,284
  • Gross Building Area: 5,284
  • Building Area: 2,836
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 2,836
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BISHOPS RIDGE UNIT ONE
  • Land Acres: 1.06
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BISHOPS RIDGE UNIT ONE LOT 51

Ownership

  • Current Owner : QUINN JOHN
  • Current Owner 2: QUINN SARAH
  • Previous Owner : CHIARELLI JOHN W
  • Previous Owner 2: CHIARELLI CATHERINE M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Lake Zurich Community Unit School District 95
  • Census Tract: 864410

Geography

  • Assessors Map Reference: 2699-B6
  • District: ELA
  • Parcel: 14-28-207-002
  • Lot: 51
  • Municipality: TWP OF ELA
  • Latitude: 42.1762
  • Longitude: -88.0703

    Address

  • Full Address: 22389 W Timberlea Ln
  • Legal Unit: 1
  • Address - House Number: 22389
  • Street Direction: W
  • Address - Street Name: Timberlea
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Kildeer
  • Carrier Code: R017
  • 4-Digit Zip Code: 2965
  • Zip Code: 60047

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,379
  • Tax Rate Code Area: 15063

    Appraisal Valuation

  • Standard Deviation: 0.1506
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 81
  • Final Value: 672,502
  • High Value: 773,809
  • Low Value: 571,194

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $398,000
  • First Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Sep 23, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $398,000
  • 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: Sep 01, 2051

    Market Valuation

  • Market Total Value: $505,662
  • Market Land Value: $127,660
  • Market Improvement Value: $378,002

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $168,537
  • Assessed Land Value: $42,549
  • Assessed Improvements Value: $125,988

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 11, 2021
  • Current Sale Recording Date: Sep 23, 2021
  • Current Sale Transaction ID: 11860560009
  • Current Sale Price: $578,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7828647

    Last Sale Mortgage

  • First Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Mortgage Transaction Date: Sep 23, 2021
  • First Mortgage Loan Amount: $398,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Bishop's Ridge



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Frequently Asked Questions

What neighborhood is 22389 West Timberlea Lane located in?
The 22389 West Timberlea Lane is a located in the neighborhood of Bishop's Ridge in Bishop's Ridge, Lake Zurich.
What is the average sales price for listings in 22389 West Timberlea Lane?
The average sales price for units in 22389 West Timberlea Lane is $0 currently.

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