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Tower Lakes 60010 Tower Lake Park
248 SUMMIT Drive
$362,000
● House - Off Market

248 SUMMIT Drive

BARRINGTON, IL 60010
bedrooms
3 Beds
bathrooms
2 Baths
$746,175
RealtyHop Estimate
86.54%
Since Jun 1, 2008
National-US
Primary Model

About This Property

All done for you in Pottery Barn decor! This Tower Lakes gem has expansive views of the lake plus mature trees on a beautiful lot. Spacious, open granite kitchen with planning desk. Nice master with his and hers closets. Light airy sunrm walks out to paver patio. Hardwood flrs galore! Neutral, freshly painted. New carpeting in LL, 2008. Close to two parks. Enjoy swimming, boating, fishing, tennis. Love the lifestyle!
Unit Size
-
Days on Market
-
Land Size
0.43 acres
Price per sqft
-
Property Type
House
Property Taxes
$650
HOA Dues
$32
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

Air Conditioning
Garage
With View
Fireplace

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
  • 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: 2,344
  • 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: V
  • Subdivision: BEG AT SE COR
  • Land Acres: 0000000540
  • Standard Land Use Code: 8001
  • County Land Use Code: 30
  • Legal Description 1: BEG AT SE COR LOT 6 BLK 4 TOWER LAKE ESTUNIT NO 3 TH N ALG E LN SD LOT 50.18 FT TH DUE E 95 FT TO E LNSUMMIT DR TH SWLY ALG N LN SUMMIT DR 107.3 FT TO POB PT W1/2SW1/4 SECTION 2

Neighborhood

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

Geography

  • Assessors Map Reference: 2643-C5
  • District: CUBA
  • Section: 2
  • Parcel: 13-02-300-004
  • Block: 4
  • Lot: 6,50
  • Meridian: SEC 02 TWN 43N RNG 09E
  • Municipality: TWP OF CUBA
  • Latitude: 42.2308
  • Longitude: -88.1572

    Address

  • Full Address: 248 Summit Dr
  • Legal Unit: 3
  • Address - House Number: 248
  • Address - Street Name: Summit
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Tower Lakes
  • Carrier Code: C021
  • 4-Digit Zip Code: 1107
  • Zip Code: 60010

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $31,428
  • Tax Rate Code Area: 14092

    Market Valuation

  • Market Total Value: $10,372
  • Market Land Value: $10,372

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,457
  • Assessed Land Value: $3,457

    Sales

  • Current Sale Contract Date: May 01, 2008
  • Current Sale Recording Date: May 07, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6342673
  • Previous Sale Recording Date: Sep 15, 2004
  • Previous Sale Contract Date: Jul 26, 2004
  • Previous Sale Amount: $349,500
  • Previous Sale Document Type: 71
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 Park

Stats & Trends

Median Asking:

$574,990

Sale Price/ft²

$308

Above Asking

0.00%

Average Days on Market

53

Average Home Size

2121 ft²

Average Home Age

11.4 years

Currently For Sale

0 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 2226 Lakeshore Drive, Schaumburg, IL, 60173

$3,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,782 ft²
2226 Lakeshore Drive #2226, Schaumburg, IL, 60173 Listing by Tasneem Bahrainwala
Unit for rent at 208 S Main Street, Wauconda, IL, 60084

$1,295 /mo

  • 1 Bed
  • 1 Bath
  • 600 ft²
208 S Main Street #2F, Wauconda, IL, 60084 Listing by Sean Ryan

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Valerie Gleason, Baird & Warner
Data Source: MRED, MLS# MRD06831588
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 248 Summit Drive built and last sold?
The property at 248 Summit Drive was built in and last sold on May 1, 2008 for $362,000.
How much is this home worth?
The estimated value of the home located at 248 Summit Drive is $373,700.
What are some comparable homes to 248 Summit Drive?
There are currently no comparable homes to 248 Summit Drive.
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