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Tower Lakes 60010 Tower Lake Estates
203 Terrace Drive
$299,000
● House - Off Market

203 Terrace Drive

Tower Lakes, IL 60010
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,466 Ft²
$2,267
Est. Monthly
$63
HOA / Fees
5.26%
Cap Rate

About This Property

Don't miss this 2-bedroom, 1.5 bath home set on the highest point in Tower Lakes, offering a peaceful and scenic retreat. Nestled on a beautiful corner lot with a newer roof and a 1-car garage, this home has so much potential. Inside, oak flooring lies beneath the carpet in the living room is just waiting to be uncovered. Located down the street from the lake and in Barrington schools, this is a great opportunity to build sweat equity with a little TLC. This home is on over half an acre and comes with multiple pin numbers. Conveniently located near everything you need, this is a hidden gem with unforgettable memories ready to be made!
Unit Size
1,466 Ft²
Days on Market
-
Land Size
-
Price per sqft
$218
Property Type
House
Property Taxes
$637
HOA Dues
$63
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,107
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TOWER LAKE ESTATES UNIT NO.1
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: TOWER LAKE ESTATES UNIT NO.1 LOT 19 BLOCK 8

Neighborhood

  • School District Name: Barrington Community Unit School District 220
  • Census Tract: 864303

Geography

  • Assessors Map Reference: 2643-D5
  • District: CUBA
  • Parcel: 13-02-119-002
  • Block: 8
  • Lot: 19
  • Municipality: TWP OF CUBA
  • Latitude: 42.2356
  • Longitude: -88.1526

    Address

  • Full Address: 203 Terrace Dr
  • Legal Unit: 1
  • Address - House Number: 203
  • Address - Street Name: Terrace
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Tower Lakes
  • Carrier Code: C021
  • 4-Digit Zip Code: 1247
  • Zip Code: 60010

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $469,456
  • Tax Rate Code Area: 14092

    Appraisal Valuation

  • Standard Deviation: 0.1251
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 86
  • Final Value: 256,891
  • High Value: 289,030
  • Low Value: 224,751

    Market Valuation

  • Market Total Value: $198,320
  • Market Land Value: $27,318
  • Market Improvement Value: $171,002

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $66,100
  • Assessed Land Value: $9,105
  • Assessed Improvements Value: $56,995
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Tower Lake Estates

Stats & Trends

Median Asking:

$389,000

Sale Price/ft²

$222

Above Asking

0.00%

Average Days on Market

35

Average Home Size

3200 ft²

Average Home Age

91 years

Currently For Sale

1 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

Unit for rent at 227 Brett Circle, Wauconda, IL, 60084

$2,150 /mo

  • 2 Beds
  • 2 Baths
  • 1,093 ft²
227 Brett Circle #D, Wauconda, IL, 60084 Listing by Julie Yurov

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Helen Oliveri, Helen Oliveri Real Estate
Data Source: MRED, MLS# MRD12391759
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.

Frequently Asked Questions

When was property at 203 Terrace Drive built and last sold?
The property at 203 Terrace Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 203 Terrace Drive is $322,190.
What are some comparable homes to 203 Terrace Drive?
There are currently no comparable homes to 203 Terrace Drive.
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