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2865 Falling Waters Drive

2865 Falling Waters Drive, Lake Villa, IL 60046
Property in Falling Waters
Sold Nov 01, 2021
$160,000
$143,900 by First State Mortgage Services
Mortgage Due Oct 01, 2051
Sold Apr 04, 2002
$139,000
$134,500 by Majestic Mtg Corp
Mortgage Due Mar 01, 2032
2865 Falling Waters Drive has been categorized by the local assessors in Lake Villa, IL as a residential type of property. The building on the property was first built in 1999 and is 25 years old. The home has a total of 2 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2865 Falling Waters Drive has 1,203 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 36 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse 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 attached garage for those who require parking. The garage measured 240 sqft. According to our sources, there is one available parking space. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of composition shingle. 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. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Sep 21, 2021 for $160,000. That's $110.88 per sqft. Prior to that sales transaction, the property was also sold in Feb 27, 2002 for $139,000. 2865 Falling Waters Drive was last assessed in 2023. The total value of the property was assessed at $48,855. Specifically, the land the property is located on was valued at $8,496. While improvements on the property were assessed at a total of $40,359. 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 $5,468. 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.

Building Features

Exterior

Vinyl Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Townhouse
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 240
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 36
  • Total Building Area: 1,443
  • Gross Building Area: 1,443
  • Building Area: 1,203
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,203
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FALLING WATERS SUB
  • Land Acres: 0.001
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: FALLING WATERS SUB;UNIT 76-2865-46 & .4288 % INT IN COM MON ELEMENTS IN FALLING WATERS CONDO PER DOC 4854643 PT LT 6 5

Ownership

  • Current Owner : ALONSO ALEX
  • Current Owner 2: URBANIK MIKAELA
  • Previous Owner : BOHNER JEREMY A
  • Owner Before Previous Owner: PINNACLE CORP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Geography

  • Assessors Map Reference: 2476-D2
  • District: LAKE VILLA
  • Parcel: 06-01-404-148
  • Lot: 65
  • Municipality: TWP OF LAKE VILLA
  • Latitude: 42.4038
  • Longitude: -88.0077

    Address

  • Full Address: 2865 Falling Waters Dr
  • Legal Unit: 2865-4
  • Address - House Number: 2865
  • Address - Street Name: Falling Waters
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lindenhurst
  • Carrier Code: R006
  • 4-Digit Zip Code: 6778
  • Zip Code: 60046

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,468
  • Tax Rate Code Area: 5150

    Appraisal Valuation

  • Standard Deviation: 0.1765
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 195,046
  • High Value: 229,471
  • Low Value: 160,620

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $143,900
  • First Open Lien Mortgage Lender: FIRST STATE MORTGAGE SERVICES
  • First Open Lien Mortgage Recording Date: Nov 01, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $143,900
  • 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: $146,580
  • Market Land Value: $25,491
  • Market Improvement Value: $121,089

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,855
  • Assessed Land Value: $8,496
  • Assessed Improvements Value: $40,359

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 21, 2021
  • Current Sale Recording Date: Nov 01, 2021
  • Current Sale Transaction ID: 11864710368
  • Current Sale Price: $160,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7839840
  • Previous Sale Recording Date: Apr 04, 2002
  • Previous Sale Contract Date: Feb 27, 2002
  • Previous Sale Amount: $139,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST STATE MORTGAGE SERVICES
  • First Mortgage Transaction Date: Nov 01, 2021
  • First Mortgage Loan Amount: $143,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: MAJESTIC MTG CORP
  • Previous Mortgage Transaction Date: Apr 04, 2002
  • Previous Mortgage Loan Amount: $134,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Mar 01, 2032

About Falling Waters



Similar Buildings

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Nearby Rentals

Unit for rent at 18777 W Ash Drive, Lake Villa, IL, 60046

$3,750 /mo

  • 4 Beds
  • 3.5 Baths
  • 3,757 ft²
18777 W Ash Drive, Lake Villa, IL, 60046 Listing by Lisa Wolf

Frequently Asked Questions

What neighborhood is 2865 Falling Waters Drive located in?
The 2865 Falling Waters Drive is a located in the neighborhood of Falling Waters in Falling Waters, Lake Villa.
What is the average sales price for listings in 2865 Falling Waters Drive?
The average sales price for units in 2865 Falling Waters Drive is $0 currently.

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