NOT LISTED FOR SALE

1437 Timber Ln South Elgin, IL 60177

Estimated Value: $312,000 - $344,000

4 Beds
2 Baths
1,762 Sq Ft
$186/Sq Ft Est. Value

Last Sold April 12, 2022

Last sale price $273,000 $155 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,216/month

2 Days on Market

Highlights

  • Vaulted Ceiling
  • Main Floor Bedroom
  • Fenced Yard
  • South Elgin High School Rated A-
  • Formal Dining Room
  • Skylights

About This Home

As of April 2022

You'll notice the attention to detail in every inch of this fabulous 4 bed, 2 bath no HOA duplex with a fully fenced yard backing to green space This home offers soaring vaulted ceilings and an open floor plan. Spacious kitchen features new cabinetry, granite counters, custom backsplash, SS appliances, large pantry, and sliders leading to a private patio and sizeable fenced yard with open views. Beautiful vinyl plank flooring throughout the main level including the spacious living room with vaulted ceilings, dining room, bedroom/office and laundry room. Completing the main level is an updated full bath with new vanity, flooring and custom tiled walk-in shower. Upstairs features 3 large bedrooms including a master with dual closets and a gorgeous updated full bath with new vanity, beautifully tiled shower and custom mirrors with built in medicine cabinets. Freshly painted with new flooring/carpet throughout, new lighting, new HWH ,new top of the line HVAC system and thermostat.

Last Agent to Sell the Property

Joan Couris

Keller Williams Thrive License #475155965 Listed on: 02/24/2022

Keller Williams Thrive

Last Buyer's Agent

Jennifer Iaccino

@properties Christie's International Real Estate License #475169167

@properties Christie's International Real Estate

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,970

Year Built

  • Built in 1994

Lot Details

  • Lot Dimensions are 45x114x46x114
  • Fenced Yard

Parking

  • 2 Car Attached Garage
  • Parking Included in Price

Home Design

  • Half Duplex
  • Frame Construction

Interior Spaces

  • 1,762 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Living Room
  • Formal Dining Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Shed

Schools

  • South Elgin High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 2 Units

Pet Policy

  • Dogs and Cats Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,970

Year Built

Built in 1994

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: 1/2 Duplex
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1/2 Duplex
  • Year Built: 1994
  • Age: 26-30 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Interior Amenities: Vaulted/Cathedral Ceilings, Skylight(s), First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Walk-In Closet(s)
  • LivingArea: 1762
  • Other Equipment: Ceiling Fan(s)
  • Room Type: No additional rooms
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 1762
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • List Price: 255000
  • Lot Features: Fenced Yard
  • OtherStructures: Shed(s)
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Not Required
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: None

Schools

  • High School: South Elgin High School
  • Middle/Junior School District: 46

Lot Info

  • Lot Dimensions: 45X114X46X114
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 4969.54
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2022
Closed on
Mar 29, 2022
Sold by
Waite Zachary D and Waite Lauren C
Bought by
Mortensen Richard L
Seller's Agent
Joan Couris
Keller Williams Thrive
Buyer's Agent
Jennifer Iaccino
@properties Christie's International Real Estate
List Price
$255,000
Sold Price
$273,000
Premium/Discount to List
$18,000
7.06%
Current Estimated Value
$326,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,947
Avg. Annual Appreciation
5.23%
Original Mortgage
$248,320
Outstanding Balance
$233,665
Interest Rate
4.42%
Mortgage Type
Balloon
Estimated Equity
$93,282

Purchase Details

Closed on
Nov 4, 2016
Sold by
Estate Of Lloyd W Henshaw and Futrell Thomas
Bought by
Waite Zachary D and Waite Lauren C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,848
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 21, 1994
Sold by
Kingsport Development Inc
Bought by
Henshaw Lloyd W and Henshaw Samniang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
8.75%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mortensen Richard L $273,000 Chicago Title
Waite Zachary D $174,000 Chicago Title Ins Co
Henshaw Lloyd W $123,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mortensen Richard L $248,320
Previous Owner Waite Zachary D $170,848
Previous Owner Henshaw Lloyd W $114,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2022 04/12/22 Sold $273,000 +7.1% $155 / Sq Ft
02/27/2022 02/27/22 Pending -- -- --
02/24/2022 02/24/22 For Sale $255,000 -- $145 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,020 $84,289 $17,524 $66,765
2023 $5,718 $76,149 $15,832 $60,317
2022 $5,459 $69,435 $14,436 $54,999
2021 $5,131 $64,917 $13,497 $51,420
2020 $4,970 $61,973 $12,885 $49,088
2019 $4,779 $59,033 $12,274 $46,759
2018 $4,676 $55,613 $11,563 $44,050
2017 $4,435 $52,574 $10,931 $41,643
2016 $3,718 $48,774 $10,141 $38,633
2015 -- $44,706 $9,295 $35,411
2014 -- $44,154 $9,180 $34,974
2013 -- $45,319 $9,422 $35,897
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11316967

Midwest Real Estate Data (MRED)

APN: 06-33-282-026