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2956 Timber Ridge Way

2956 Timber Ridge Way, Burlington, KY 41005
House in Boone
Sold Jul 24, 2019
$179,000
$175,757 by Polaris Home Funding Corp
Mortgage Due Aug 01, 2049
Sold May 02, 2011
$128,000
$132,642 by Pnc Mortgage Llc
Mortgage Due May 01, 2041
Local assessors in Burlington, KY have categorized 2956 Timber Ridge Way as a residential type of property. The home was built in 1994 and is 30 years old. The property's lot size has been calculated to be 9,148 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a split level style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 2956 Timber Ridge Way has a total of 1,638 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a partial basement that is 400 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. The building has a gable style roof that was made of composition shingle. Lots of brick veneer were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. 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, 2956 Timber Ridge Way sold most recently in Jul 19, 2019 for a total of $179,000. If you work out the math, that's approximately a cost of $109.28 per sqft. Before that, the property was also sold for $128,000 in Apr 28, 2011. 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 $2,253 in taxes each year. 2956 Timber Ridge Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $195,700. If we break it down further, the land itself was valued at $30,000. Improvements to the property, however, were assessed at a total of $165,700. 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.

Building Features

Exterior

Brick Exterior
Vinyl Siding

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Wood
  • Building Style: Split level
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Basement Type: Partial basement
  • Basement Area: 400
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,638
  • Building Area: 1,638
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,638
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PEBBLE CREEK SUBDIVISION
  • Land Acres: 0.21
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: LOT 96 SEC 1 PEBBLE CREEK

Ownership

  • Current Owner : JOHNSON CHRISTOPHER D
  • Current Owner 2: JOHNSON LOGAN
  • Previous Owner : SHEELEY DAVID A
  • Previous Owner 2: SHEELEY AMANDA R
  • Owner Before Previous Owner: MCELMAN THOMAS J
  • Owner Before Previous Owner 2: MCELMAN PAMELA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Boone County School District
  • School Tax School District: BURLINGTON
  • Census Tract: 070317

Geography

  • District: 500006
  • Section: 1
  • Parcel: 050.00-10-096.00
  • Lot: 96
  • Municipality: UNINCORPORATED
  • Latitude: 38.9966
  • Longitude: -84.7069

    Address

  • Full Address: 2956 Timber Ridge Way
  • Address - House Number: 2956
  • Address - Street Name: Timber Ridge
  • Address - Suffix Type: Way
  • State: KY
  • City Name: Burlington
  • Carrier Code: R008
  • 4-Digit Zip Code: 8801
  • Zip Code: 41005

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,253

    Appraisal Valuation

  • Standard Deviation: 0.1933
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 74
  • Final Value: 286,099
  • High Value: 341,424
  • Low Value: 230,775

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $215,433
  • First Open Lien Mortgage Lender: POLARIS HOME FUNDING CORP
  • First Open Lien Mortgage Recording Date: Jul 24, 2019
  • First Open Lien Mortgage Loan Amount: $175,757
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2049
  • Second Open Lien Mortgage Lender: SECRETARY OF HOUSING AND URBAN
  • Second Open Lien Mortgage Recording Date: Mar 06, 2023
  • Second Open Lien Mortgage Loan Amount: $39,676
  • Second Open Lien Mortgage Term: 316
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Aug 01, 2049

    Market Valuation

  • Market Total Value: $195,700
  • Market Land Value: $30,000
  • Market Improvement Value: $165,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $195,700
  • Assessed Land Value: $30,000
  • Assessed Improvements Value: $165,700

    Sales

  • Current Sale Contract Date: Jul 19, 2019
  • Current Sale Recording Date: Jul 24, 2019
  • Current Sale Transaction ID: 11626865153
  • Current Sale Price: $179,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 779320
  • Previous Sale Recording Date: May 02, 2011
  • Previous Sale Contract Date: Apr 28, 2011
  • Previous Sale Amount: $128,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: POLARIS HOME FUNDING CORP
  • First Mortgage Transaction Date: Jul 24, 2019
  • First Mortgage Loan Amount: $175,757
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: PNC MORTGAGE LLC
  • Previous Mortgage Transaction Date: May 02, 2011
  • Previous Mortgage Loan Amount: $132,642
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2041

About Boone



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Frequently Asked Questions

What neighborhood is 2956 Timber Ridge Way located in?
The 2956 Timber Ridge Way is a house located in the neighborhood of Boone in Boone, Burlington.
What is the average sales price for listings in 2956 Timber Ridge Way?
The average sales price for units in 2956 Timber Ridge Way is $0 currently.

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