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Lake 60010 Timberlake Estates
489 Lakepoint Drive
$531,000
● House - Off Market

489 Lakepoint Drive

Barrington, IL 60010
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,604 Ft²
$3,572
Est. Monthly
$38
HOA / Fees
8.14%
Cap Rate

About This Property

This retreat is a true gem! Nestled on nearly 2 acres, it offers a serene setting with a charming stream running through the property. Ideal for entertaining, you'll find two custom-designed outdoor dining areas, complete with a built-in grill and a cozy fire pit surrounded by lush perennial gardens. The spacious home features 5 bedrooms and 2.5 baths, with 4 bedrooms upstairs and a versatile bedroom/office on the main level. The huge garage boasts both front and side overhead doors, and there's also a convenient laundry/mud room. A whole-house generator ensures you're always prepared. Located in Timberlake Estates, Barrington, you'll enjoy access to resort-like amenities including a private 46-acre lake, park, and beach with a lifeguard-all set in beautiful surroundings.
Unit Size
2,604 Ft²
Days on Market
-
Land Size
1.92 acres
Price per sqft
$190
Property Type
House
Property Taxes
$1,103
HOA Dues
$38
Year Built
1987

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 2 years ago (MRED MLS #12159817)

Price History

Date / Event Date Event Price
Nov 15, 2024 Sold
Premium
Sold
Sep 13, 2024 In contract -
In contract
Sep 10, 2024 Listed by Keller Williams Thrive $495,000
Listed by Keller Williams Thrive

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 25
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,134
  • Garage Type: 1
  • Garage Square Area: 648
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 77
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 83,635
  • Total Building Area: 4,424
  • Gross Building Area: 4,620
  • Building Area: 2,642
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,642
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: UNIT NO.2 ROBERT BARTLETTS TIMBERLAKE ES
  • Land Acres: 0000001920
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: UNIT NO.2 ROBERT BARTLETTS TIMBERLAKE ESTATES SUB; LOT 99 (EX PART FALLING IN CUBA TOWNSHIP)

Neighborhood

  • School District Name: Wauconda Community Unit School District 118
  • Census Tract: 864206

Geography

  • Assessors Map Reference: 2643-D5
  • District: WAUCONDA
  • Parcel: 09-36-405-031
  • Lot: 99
  • Municipality: TWP OF WAUCONDA
  • Latitude: 42.2416
  • Longitude: -88.1217

    Address

  • Full Address: 489 Lakepoint Dr
  • Legal Unit: 2
  • Address - House Number: 489
  • Address - Street Name: Lakepoint
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Barrington
  • Carrier Code: C030
  • 4-Digit Zip Code: 1466
  • Zip Code: 60010

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,322,928
  • Tax Rate Code Area: 13006

    Appraisal Valuation

  • Standard Deviation: 0.1711
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 567,609
  • High Value: 664,741
  • Low Value: 470,477

    Market Valuation

  • Market Total Value: $456,817
  • Market Land Value: $96,265
  • Market Improvement Value: $360,552

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $152,257
  • Assessed Land Value: $32,085
  • Assessed Improvements Value: $120,172

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 31, 2020
  • Current Sale Recording Date: Oct 28, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7709832
  • Previous Sale Recording Date: Nov 15, 2013
  • Previous Sale Contract Date: Nov 06, 2013
  • Previous Sale Amount: $390,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Timberlake Estates

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$273

Below Asking

0.01%

Average Days on Market

37

Average Home Size

1893 ft²

Average Home Age

64.7 years

Currently For Sale

3 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

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MRED

Listed by: Victoria Donnowitz, Keller Williams Thrive
Last Updated: 2 years ago
Data Source: MRED, MLS# 12159817
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 489 Lakepoint Drive built and last sold?
The property at 489 Lakepoint Drive was built in 1987 and last sold on Aug 31, 2020 for $400,000.
How much is this home worth?
The estimated value of the home located at 489 Lakepoint Drive is $0.
What are some comparable homes to 489 Lakepoint Drive?
There are currently no comparable homes to 489 Lakepoint Drive.
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