Rare opportunity in Waterloo! This spacious 0.18-acre lot in the peaceful Timber Lakes subdivision offers flexibility and upside for the right buyer. Whether you're an investor looking for your next income project, a buyer seeking an affordable entry into Waterloo, or someone wanting a quiet lot to hold, renovate, or reimagine, the potential here is unmatched. The existing 2-bedroom, 2-bathroom, wide layout provides a solid head start. Property to be sold AS-IS. Bring your vision and make an offer today!
Active
Listed by: The Hermann London Group, Llc • Michael Zouglas • 618-800-3343
$10,000
5245 Timber Lake Dr, Waterloo, IL 62298
2beds
1,200sqft
Manufactured Home, Single Family Residence
Built in 1985
7,914 Square Feet Lot
$-- Zestimate®
$8/sqft
$-- HOA
What's special
Wide layout
- 37 days
- 927
- 16
Zillow last checked:
Listing updated:
Listed by:
Michael Zouglas 618-800-3343,
The Hermann London Group, Llc
Source: MARIS,MLS#: 26063357
Originating MLS: Southwestern Illinois Board of REALTORS
Originating MLS: Southwestern Illinois Board of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Heating
- Forced Air
Cooling
- Central Air
Features
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 1,200
- Total interior livable area: 1,200 sqft
- Finished area above ground: 1,200
Property
Features
- Levels: One
Lot
- Size: 7,914 Square Feet
- Features: Few Trees
Details
- Parcel number: 1118349002000
- Special conditions: Listing As Is
Construction
Type & style
- Home type: MobileManufactured
- Architectural style: A-Frame,Ranch
- Property subtype: Manufactured Home, Single Family Residence
Materials
- Vinyl Siding
Condition
- Year built: 1985
Utilities & green energy
- Electric: Ameren, Other
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Timber Lakes
HOA
- Has HOA: No
Location
- Region: Waterloo
Financial & listing details
- Price per square foot: $8/sqft
- Tax assessed value: $20,610
- Date on market: 10/1/2026
- Listing terms: Cash,Conventional,USDA Loan,VA Loan
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2026 | Listed for sale | $10,000$8/sqft |
Source:  MARIS #26063357 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $6,870 -63.8% |
| 2024 | -- | $18,960 |
| 2023 | -- | $18,960 +50.8% |
| 2022 | -- | $12,570 |
| 2021 | -- | $12,570 +19.7% |
| 2020 | -- | $10,500 -13.7% |
| 2019 | -- | $12,160 |
| 2018 | $88 | $12,160 -1.8% |
| 2017 | $88 | $12,378 +1.8% |
| 2016 | $88 +16.9% | $12,160 |
| 2015 | $75 +5% | $12,160 |
| 2014 | $72 | $12,160 -0.8% |
| 2012 | $72 | $12,260 -1.4% |
| 2011 | -- | $12,440 |
| 2010 | -- | $12,440 +22.8% |
| 2009 | -- | $10,130 -8.1% |
| 2008 | -- | $11,020 |
| 2007 | -- | $11,020 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 62298
Nearby schools
Schools provided by the listing agent
- Elementary: Waterloo Dist 5
- Middle: Waterloo Dist 5
- High: Waterloo
Source: MARIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
