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506 Timberline Dr; Joliet, IL Property Details

506 Timberline Dr, Joliet, IL is a Single Family that was built in 1970. This property is currently Foreclosure and is for sale. Our records show that 506 Timberline Dr has 5 bedrooms, and 2 bathrooms, and a total of 2,804 square feet. The lot size of 506 Timberline Dr is 19,147 square feet.

On Market for 223 days
506 Timberline Dr Joliet, IL 60431
$499,500 Listing Price
5 Beds
2 Baths
2,804 SqFt
Property Type
Single Family
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Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Trust
  • Owner Status: Trust
  • Year Built: 1970
  • Est. Equity / %: $476,000 / 100%
  • Gross Yield: 9.533%
  • APN: 05-06-11-207-005
  • Situs County: Will
  • Length Of Ownership: 32 years, 2 months

Rooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full Bathrooms: 2

Measurements

  • Total: 2,804/SqFt
  • Lot: 19,147/SqFt
  • Garage: 540/SqFt
  • Living: 2,804/SqFt
  • Basement: 320/SqFt
  • Building: 3,664/SqFt
  • Garage Unfinished: 540/SqFt
  • Basement Unfinished: 320/SqFt

Legal Description

  • Description: LOT 14 IN TIMBERLINE SUB, UNIT 1, OF SUB OF PRT OF THE W1/2 OF THE E1/2, OF SEC 11 T35N-R9E.
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Joliet Township High School District 204
  • Lat / Lon: 41.531616 / -88.16557
  • Subdivision: Timberline Unit #1
  • Property Class: Residential
  • County Use Code: R

Amenities

  • Plus Four: 4831
  • Cooling: Central
  • Garage: Attached Garage

HOA

  • H O A One: $100
  • H O A Amount: $100
  • H O A One Frequency: Annual
  • H O A One Name: Shorewood Homeowner'S Association
  • H O A One Type: Home Owner Association

Ownership Info

506 Timberline Dr has no associated ownership info
506 Timberline Dr has no associated ownership info.

Taxes

506 Timberline Dr has 10 associated Taxes items

506 Timberline Dr, Joliet, IL pays taxes in Will County, IL. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $136,653. The APN we've located for 506 Timberline Dr is 05-06-11-207-005.

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Taxes
  • Assessed Value:  $136,653
  • Assessed Year:  2025
  • Assessed County:  Will
  • APN:  05-06-11-207-005
  • Assessed Land Value:  31438
  • Market Land Value:  94314
  • Tax Amount:  10958.54
  • Tax Year:  2025
  • Market Value:  409959
  • Market Year:  2025

Tax History

506 Timberline Dr has 13 associated Tax History items

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YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $136,653 Land Value $31,438 Improvement Value $105,215 Tax Amount $10,958.54 Change Rate Assessed CR Tax Rate +0.080192%
Year 2024 Assessed Value $126,122 Land Value $29,015 Improvement Value $97,107 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $113,317 Land Value $26,069 Improvement Value $87,248 Tax Amount $9,652.52 Change Rate +0.02738% Assessed CR Tax Rate +0.085182%
Year 2022 Assessed Value $107,227 Land Value $24,668 Improvement Value $82,559 Tax Amount $9,395.28 Change Rate +0.065766% Assessed CR Tax Rate +0.08762%
Year 2021 Assessed Value $100,872 Land Value $23,206 Improvement Value $77,666 Tax Amount $8,815.52 Change Rate -0.00131% Assessed CR Tax Rate +0.087393%
Year 2020 Assessed Value $100,872 Land Value $23,206 Improvement Value $77,666 Tax Amount $8,827.08 Change Rate +0.030301% Assessed CR Tax Rate +0.087508%
Year 2019 Assessed Value $96,760 Land Value $22,260 Improvement Value $74,500 Tax Amount $8,567.48 Change Rate -0.019847% Assessed CR Tax Rate +0.088544%
Year 2018 Assessed Value $95,860 Land Value $22,260 Improvement Value $73,600 Tax Amount $8,740.96 Change Rate +0.008333% Assessed CR Tax Rate +0.091185%
Year 2017 Assessed Value $93,410 Land Value $22,260 Improvement Value $71,150 Tax Amount $8,668.72 Change Rate +0.000385% Assessed CR Tax Rate +0.092803%
Year 2016 Assessed Value $90,260 Land Value $22,260 Improvement Value $68,000 Tax Amount $8,665.38 Change Rate Assessed CR Tax Rate +0.096005%
Year 2015 Assessed Value $83,510 Land Value $21,660 Improvement Value $61,850 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $84,930 Land Value $21,660 Improvement Value $63,270 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $84,930 Land Value $21,660 Improvement Value $63,270 Tax Amount $7,947 Change Rate Assessed CR Tax Rate +0.093571%
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