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314 Timber Ridge Court

314 Timber Ridge Court, Joliet, IL 60431
Property in Troy
Sold Apr 08, 2014
$2,300,000
$6,008,000 by Wells Fargo Bank National Asso
Mortgage Due Mar 01, 2032
This has been categorized as a residential property type. In total, the area measurement of the land is 1,163 square feet.

Learn more about the property and building on this page. The property was last sold in Mar 6, 2014 for $2,300,000. 314 Timber Ridge Court was last assessed in 2022. The total value of the property was assessed at $75,224. Specifically, the land the property is located on was valued at $8,034. While improvements on the property were assessed at a total of $67,190. 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 $6,982. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,163
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TIMBER OAK
  • Land Acres: 0.13
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LOT 174 IN TIMBER OAKS PUD UNIT 2, BEING A RESUB OF LOTS 3 4 IN TIMBER OAKS PUD, A SUB OF PRT OF THE W1/2 OF THE NE1/4 PRT

Ownership

  • Current Owner : TALL OAKS GROUP LLC
  • Previous Owner : TIMBER OAKS DEVELOPMENT LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Troy Community Consolidated School District 30C
  • Census Tract: 883211

Geography

  • Parcel: 05-06-15-203-032
  • Lot: 174
  • Meridian: SEC 15 TWN 35N RNG 09E
  • Municipality: TROY
  • Latitude: 41.5161
  • Longitude: -88.1885

    Address

  • Full Address: 314 Timber Ridge Ct
  • Legal Unit: 2
  • Address - House Number: 314
  • Address - Street Name: Timber Ridge
  • Address - Suffix Type: Ct
  • State: IL
  • City Name: Joliet
  • Carrier Code: R009
  • 4-Digit Zip Code: 1701
  • Zip Code: 60431

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,982
  • Tax Rate Code Area: 0520

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $6,008,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NATIONAL ASSO
  • First Open Lien Mortgage Recording Date: Mar 01, 2022
  • First Open Lien Mortgage Loan Amount: $6,008,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2032

    Market Valuation

  • Market Total Value: $225,672
  • Market Land Value: $24,102
  • Market Improvement Value: $201,570

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $75,224
  • Assessed Land Value: $8,034
  • Assessed Improvements Value: $67,190

    Sales

  • Current Sale Contract Date: Mar 06, 2014
  • Current Sale Recording Date: Apr 08, 2014
  • Current Sale Transaction ID: 1092148233
  • Current Sale Price: $2,300,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2014027315

    Last Sale Mortgage

  • First Mortgage Lender: FIRST FSB
  • First Mortgage Transaction Date: Apr 08, 2014
  • First Mortgage Loan Amount: $1,450,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

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Frequently Asked Questions

What neighborhood is 314 Timber Ridge Court located in?
The 314 Timber Ridge Court is a located in the neighborhood of Troy in Joliet, Joliet.
What is the average sales price for listings in 314 Timber Ridge Court?
The average sales price for units in 314 Timber Ridge Court is $0 currently.

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