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500 Timberline Drive

500 Timberline Drive, Joliet, IL 60431
House in Twin Oaks
Sold Jun 15, 2021
$385,000
$327,250 by Bay Equity Llc
Mortgage Due May 01, 2051
Sold Dec 05, 1994
$240,000
$192,000 by First Midwest Mtg Corp
Mortgage Due Jan 01, 2015
500 Timberline Drive has been categorized by the local assessors in Joliet, IL as a residential type of property. The building on the property was first built in 1966 and is 58 years old. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. In addition, 500 Timberline Drive has 3,564 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 19,617 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 780 sqft. The inside of the home is being cooled with central air conditioning at the moment. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 500 Timberline Drive was last sold in Apr 5, 2021 for $385,000. According to our calculations, that's $82.55 per sqft. Prior to that sales transaction, the property was sold for $240,000 in Dec 1, 1994. Current property owners are expected to pay $9,711 in taxes per year. The property on 500 Timberline Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $125,679. To break that down further, the land itself was valued at $24,668. While improvements to the property were assessed at a total of $101,011. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Brick Exterior / Wood Exterior
Stone Exterior
Wood Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Basement Type: Unspecified basement
  • Basement Area: 320
  • Garage Type: Attached
  • Garage Square Area: 780
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 19,617
  • Total Building Area: 4,664
  • Building Area: 3,564
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 3,564
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TIMBERLINE SUB
  • Land Acres: 0.45
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 16 IN TIMBERLINE SUB, UNIT 1, A SUB OF PRT OF THE E1/2 OF SEC 11 T35N-R9E.

Ownership

  • Current Owner : BYERS DONALD JOHN
  • Current Owner 2: BYERS GINA MARIE
  • Previous Owner : RICHARDSON DENISE L
  • Previous Owner 2: RICHARDSON MARZELL L
  • Owner Before Previous Owner: FIRST MIDWEST TRUST COMPANY NATL ASSN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Troy Community Consolidated School District 30C
  • Census Tract: 883210

Geography

  • Parcel: 05-06-11-207-007
  • Lot: 16
  • Meridian: SEC 11 TWN 35N RNG 09E
  • Municipality: TROY
  • Latitude: 41.5312
  • Longitude: -88.1656

    Address

  • Full Address: 500 Timberline Dr
  • Legal Unit: 1
  • Address - House Number: 500
  • Address - Street Name: Timberline
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: C033
  • 4-Digit Zip Code: 4831
  • Zip Code: 60431

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,711
  • Tax Rate Code Area: 0548

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 455,784
  • High Value: 520,491
  • Low Value: 391,077

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $327,250
  • First Open Lien Mortgage Lender: BAY EQUITY LLC
  • First Open Lien Mortgage Recording Date: Jun 15, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $327,250
  • 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: May 01, 2051

    Market Valuation

  • Market Total Value: $377,037
  • Market Land Value: $74,004
  • Market Improvement Value: $303,033

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $125,679
  • Assessed Land Value: $24,668
  • Assessed Improvements Value: $101,011

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 05, 2021
  • Current Sale Recording Date: Jun 15, 2021
  • Current Sale Transaction ID: 11839850555
  • Current Sale Price: $385,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2021065791
  • Previous Sale Recording Date: Dec 05, 1994
  • Previous Sale Contract Date: Dec 01, 1994
  • Previous Sale Amount: $240,000
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: BAY EQUITY LLC
  • First Mortgage Transaction Date: Jun 15, 2021
  • First Mortgage Loan Amount: $327,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: FIRST MIDWEST MTG CORP
  • Previous Mortgage Transaction Date: Dec 05, 1994
  • Previous Mortgage Loan Amount: $192,000
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jan 01, 2015

About Twin Oaks



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Frequently Asked Questions

What neighborhood is 500 Timberline Drive located in?
The 500 Timberline Drive is a house located in the neighborhood of Twin Oaks in Twin Oaks, Joliet.
What is the average sales price for listings in 500 Timberline Drive?
The average sales price for units in 500 Timberline Drive is $0 currently.

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