When was property at 588 Timber Lane built and last sold?

The property at 588 Timber Lane was built in 1975 and last sold on Mar 5, 2022 for $475,000.

How much is this home worth?

The estimated value of the home located at 588 Timber Lane is $0.

What are some comparable homes to 588 Timber Lane?

There are currently no comparable homes to 588 Timber Lane.

Frankfort

60423

588 Timber Lane

$475,000

● House - Off Market

588 Timber Lane

Frankfort, IL 60423

4 Beds

3 Baths

2,804 Ft²

$514,780

RealtyHop Estimate

2.98%

Since Apr 1, 2022

National-US

Primary Model

About This Property

Open and updated 4 bedroom 3 bathroom home on a beautifully wooded lot with Koi pond and impeccable landscaping. Large eat in kitchen is perfect for entertaining with its open concept feel to both the Living Room and Family Room and great views of the backyard. Enjoy nature during all seasons in the Solarium attached to spacious Family Room on lower level. Large master suite and 3 additional spacious bedrooms with plenty of storage. Nothing to do except move in and enjoy all the beauty this home has to offer!

Unit Size

2,804 Ft²

Days on Market

Land Size

0.52 acres

Price per sqft

$178

Property Type

House

Property Taxes

$769

HOA Dues

Year Built

1975

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Cap Rate Calculator

Last updated: 3 years ago (MRED MLS #11302868)

Price History

Date / Event	Date	Event
Mar 10, 2022	Sold	Premium
Sold
Jan 13, 2022	No longer available	-
No longer available
Jan 12, 2022	Listed by Keller Williams Preferred Rlty	$499,900
Listed by Keller Williams Preferred Rlty
Dec 6, 2021	Listed by Keller Williams Preferred Rlty	$539,900
Listed by Keller Williams Preferred Rlty

	Open and updated 4 bedroom 3 bathroom home on a beautifully wooded lot with Koi pond and impeccable landscaping. Large eat in kitchen is perfect for entertaining with its open concept feel to both the Living Room and Family Room and great views of the backyard. Enjoy nature during all seasons in the Solarium attached to spacious Family Room on lower level. Large master suite and 3 additional spacious bedrooms with plenty of storage. Nothing to do except move in and enjoy all the beauty this home has to offer! The manager has listed the unit size as 2804 square feet.

Property Highlights

Garage

Air Conditioning

Building Info

Overview

General

Year Built: 1975

Effective Year Built: 1975
Total Rooms: 5
Bedroom Count: 3
Bathroom Count: 3
Full Bathrooms: 3
Partial Bathrooms: 3
Building Condition: 6
Building Quality: 4
Construction Type: 17
Building Style: 39
Exterior Walls Type: 2
Interior Walls Type: 0
Roof Shape Type: 7
Roof Cover Type: 3
Floor Count: 100
Floor Cover: 0
Basement Type: 6
Basement Area: 700
Garage Type: 1
Parking Space Count: 2
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 22,863

Total Building Area: 1,854
Building Area: 1,854
Building Area Measurement: K

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 13
Heating: 3
Heated Square Feet: 1,854
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: PRESTWICK UNIT 4
Land Acres: 0000000520
Standard Land Use Code: 1001
County Land Use Code: 0040
Legal Description 1: LOT 112 IN PRESTWICK UNIT 4, BEING A SUB OF PRT OF THE NW1/4 OF SEC 25 PRT OF THE NE1/4 OF SEC 26, T35N-R12E.

Neighborhood

School District Name: Frankfort Community Consolidated School District 157C

Census Tract: 883505

Geography

Parcel: 19-09-26-205-016

Lot: 112
Meridian: SEC 26 TWN 35N RNG 12E
Municipality: FRANKFORT
Latitude: 41.4938
Longitude: -87.817

Address

Full Address: 588 Timber Ln

Legal Unit: 4
Address - House Number: 588
Address - Street Name: Timber
Address - Suffix Type: Ln
State: IL
City Name: Frankfort
Carrier Code: R002
4-Digit Zip Code: 9717
Zip Code: 60423

Valuation

Tax

Tax Year: 2022

Tax Amount: $1,004,478
Tax Rate Code Area: 1906

Appraisal Valuation

Standard Deviation: 0.1473

Valuation Date: Aug 09, 2023
Confidence Score: 82
Final Value: 483,982
High Value: 555,294
Low Value: 412,671

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium
First Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $373,077

Market Land Value: $132,531
Market Improvement Value: $240,546

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $124,359
Assessed Land Value: $44,177
Assessed Improvements Value: $80,182

Exemptions

Homeowner Exemption: Yes

Sales

Current Sale Contract Date: Mar 05, 2022

Current Sale Recording Date: Mar 30, 2022
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 26652
Previous Sale Recording Date: May 16, 2013
Previous Sale Contract Date: Apr 29, 2013
Previous Sale Amount: $275,000
Previous Sale Document Type: 71

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium
First Mortgage Loan Due Date:

Premium

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium
Previous Mortgage Loan Type:

Premium
Previous Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Frankfort

Stats & Trends

Median Asking:

$650,000

Sale Price/ft²

$218

Below Asking

0.01%

Average Days on Market

Average Home Size

3348 ft²

Average Home Age

24.8 years

Currently For Sale

60 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Listed by: Richard Pulciani, Keller Williams Preferred Rlty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11302868

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

588 Timber Lane

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Frankfort

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions