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Backup Offers

1181 Timber Ln, Lake Forest, IL, 60045

$829,000

Home List Price

$9,844*

Closing Credit

5 Bedrooms
2 Full Baths, 1 Partial
3,296 SqFt
$252/SqFt
House

Location

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1181 Timber Ln, Lake Forest$829,000

Buyer Closing Credits

$9,844*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Attached Garage3 spaces
Year Built1966
HeatingNatural Gas
CoolingCentral Air
BasementYes
MLS #12136046
Lot Size0.50 Acres
StatusAccepting Backup Offers
(Contingent)

About 1181 Timber Ln

Large five-bedroom home in the highly sought-after Whispering Oaks neighborhood. Almost 3,300 SF above grade living space with 3 car garage on half an acre. Great first-floor layout and large second-floor bedrooms. Lots of opportunities to put your personal touches on this home. This home is offered as-is and is a short sale and subject to final approval by the lender.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1966
  • Living Area: 3,296 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (847) 250-6391
  • Listing Agent: Lori Baker

Interior Features

Interior Information:

  • Appliances: Double Oven, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Wine Cooler, Cooktop, Range Hood
  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Patio

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot: Corner Lot, Trees
  • Lot Size: 0.50 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Deerpath to Green Bay Road, south to Old Elm, east to Timber Lane, to house.

Price Information

Listing Price Info

Price Summary:

  • List Price: $829,000
  • Price Per SqFt: $252/SqFt

Tax Information:

  • Annual Amount: $12,238
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Lake Forest, IL.

Med. Sold Price

$1.0M

Med. Price/SqFt

$340

Avg. Days On Market

60

# of Sold Homes

16

1181 Timber Ln vs Lake Forest

116 DAYS ON ROCKET

+56 Days

$829,000

-$220K Less

$252/SqFt

-$89 Less

KEY TAKEAWAY

This property is $220K less than the Median Sold Price and $89/SqFt less than other homes in Lake Forest, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12136046

Listing Office:

  • Office Name: Compass
  • Office Phone: (847) 250-6391
  • Listing Agent: Lori Baker

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/9/2024, 2:15:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 08, 2002Home Sold
$628,000

Tax History

YEARPROP. TAXASSESSMENT
2020$12,238$227,275
2019$12,260$226,889
2018$12,667$250,821
2017$12,667$250,021

History based on county public records data.

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$4,205

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,552

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-993353
8
/10
  • Cherokee Elementary School

  • 475 Cherokee Rd

  • 0.49 miles

  • Public District Grades KG-4

school-card-donut-993354
10
/10
  • Wayne Thomas Elementary School

  • 2939 Summit Ave

  • 1.05 miles

  • Public District Grades KG-5

school-card-donut-993355
5
/10
  • Oak Terrace Elementary School

  • 240 Prairie Ave

  • 1.62 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $162,500. Most Lake Forest, IL residents have annual incomes $200k+. Typical family type is married, with kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1181 Timber Ln

What is the listing price of this property?

The listing price of 1181 Timber Ln property is $829,000.

What type of property is this?

The property 1181 Timber Ln is a house located in Lake Forest, Illinois, 60045.

Is this property for sale now?

Accepting Backup Offers: 1181 Timber Ln is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $12,238 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 8, 2002 for $628,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1181 Timber Ln has 5 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 1181 Timber Ln is 3,296 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1181 Timber Ln is 1966.

Rocket Homes›Illinois›Lake County›Lake Forest›60045›1181 Timber Ln

This home is located at 1181 Timber Ln in Lake Forest, IL and zip code 60045 in the Robert W. Kendler neighborhood. This 3,296 square foot home, which was built in 1966, sits on a 0.50 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 15, 2024 and is currently priced at $829,000.

While more than 6 listings in Lake Forest, IL in November 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 10 were sold below. The inventory of homes for sale in Lake Forest, IL between October 2024 and November 2024 decreased by 9.3%. The median list price of listings available in November 2024 was $1,049,000, while the average time on the real estate market was 60 days.

From Rocket Homes Real Estate and based on county public records data.

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