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3940 Timber Walk

3940 Timber Walk, Lorain, OH 44053
Property in Lorain
Sold Jun 23, 2015
$236,000
$187,500 by First Fsla Of Lorain
Mortgage Due Jul 01, 2045
Sold Feb 17, 2015
$22,000
3940 Timber Walk in Lorain, OH was first built in 2015 and is 9 years old. This has been categorized as a residential property type. There are a total of 7 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 3940 Timber Walk has 2,400 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 9,100 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. For those who need parking, there is a attached garage. The garage is 340 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. 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, 3940 Timber Walk sold most recently in Jun 22, 2015 for a total of $236,000. If you work out the math, that's approximately a cost of $86.13 per sqft. Before that, the property was also sold for $22,000 in Feb 12, 2015. 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 $826 in taxes each year. 3940 Timber Walk was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $16,027. If we break it down further, the land itself was valued at $16,027. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 2015
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 340
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 9,100
  • Total Building Area: 2,740
  • Gross Building Area: 2,740
  • Building Area: 2,400
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,400
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LANDING @ MARTIN RUN1 PH3
  • Land Acres: 0.209
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • State Land Use Code: Vehicles general
  • Legal Description 1: LANDING @ MARTIN RUN1 PH3 70 X 130

Ownership

  • Current Owner : MCGINNIS DONALD J
  • Current Owner 2: MCGINNIS MAUREEN M
  • Previous Owner : K HOVNANIAN OSTER HOMES LLC
  • Owner Before Previous Owner: ONTARIO LAND CO
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Lorain City School District
  • Census Tract: 097202

Geography

  • Parcel: 02-02-012-114-063
  • Block: 114
  • Lot: 109
  • Municipality: LORAIN CITY/LORAIN CSD
  • Latitude: 41.4345
  • Longitude: -82.2161

    Address

  • Full Address: 3940 Timber Walk
  • Address - House Number: 3940
  • Address - Street Name: Timber
  • Address - Suffix Type: Walk
  • State: OH
  • City Name: Lorain
  • Carrier Code: C009
  • 4-Digit Zip Code: 1498
  • Zip Code: 44053

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $826
  • Tax Rate Code Area: 42

    Appraisal Valuation

  • Standard Deviation: 0.2412
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 66
  • Final Value: 172,476
  • High Value: 214,085
  • Low Value: 130,867

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $187,500
  • First Open Lien Mortgage Lender: FIRST FSLA OF LORAIN
  • First Open Lien Mortgage Recording Date: Jun 23, 2015
  • First Open Lien Mortgage Loan Amount: $187,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2045

    Market Valuation

  • Market Total Value: $45,790
  • Market Land Value: $45,790

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,027
  • Assessed Land Value: $16,027

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 22, 2015
  • Current Sale Recording Date: Jun 23, 2015
  • Current Sale Transaction ID: 1213370243
  • Current Sale Price: $236,000
  • Current Sale Document Type: Limited Warranty Deed
  • Current Sale Input Document Number: 2015-0549432
  • Previous Sale Recording Date: Feb 17, 2015
  • Previous Sale Contract Date: Feb 12, 2015
  • Previous Sale Amount: $22,000
  • Previous Sale Document Type: Limited Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST FSLA OF LORAIN
  • First Mortgage Transaction Date: Jun 23, 2015
  • First Mortgage Loan Amount: $187,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Jul 01, 2045

About Lorain



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Nearby Rentals

Unit for rent at 1606 W 24th Street, Lorain, OH, 44052

$995 /mo

  • 3 Beds
  • 1 Bath
  • 1,044 ft²
1606 W 24th Street, Lorain, OH, 44052 Listing by Nikki Harsa

Frequently Asked Questions

What neighborhood is 3940 Timber Walk located in?
The 3940 Timber Walk is a located in the neighborhood of Lorain in Lorain, Lorain.
What is the average sales price for listings in 3940 Timber Walk?
The average sales price for units in 3940 Timber Walk is $0 currently.

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