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$1,375,000
● House - For Sale

498 Lakepoint Drive

Barrington, IL 60010
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,700 Ft²
$7,794
Est. Monthly
$53
HOA / Fees

About This Property

Masterpiece on the Water! This one of kind property is an exceptional lakefront residence in Timberlake Estates - where cathedral ceilings, an airy open floor plan, and a curated palette of elegant-meets-modern finishes set the stage for truly elevated living. Every fixture and every hue has been thoughtfully chosen, creating a home that feels both grand and effortlessly inviting. The family room is the showstopper: a wall of windows that floods the space with light, a soaring two-story stone gas fireplace, and rich hardwood floors that anchor the scene. It welcomes you in - and leaves an impression that lingers long after you leave. The smart kitchen is a chef's dream and a delight for the microwave maven alike: abundant custom cabinetry, smart Samsung stainless appliances, gleaming granite countertops, and a breakfast bar that seats eight. It's the heartbeat of the home, where mornings begin and evenings unfold. Formal dining flows seamlessly to the patio through oversized sliding glass doors - and indoor-outdoor connection that pairs every grand dinner with fresh lake air. The primary suite is a true sanctuary: a generous custom organized walk-in closet, a private balcony with peaceful water views, and a spa-worthy bath featuring classic tilework, dual sinks, a luxurious shower, and a clawfoot tub made for soaking the cares of the week away. The fourth bedroom offers endless potential - home office, bonus room, private gym, or guest suite - with no limits on the possibilities. Outside, paradise awaits. Gaze across the 46-acre lake from the patio or cast off from your very own private dock, with 260 ft of lakefront property you will have plenty of room to explore. Walk or kayak over to the community's private beach where a resort-style lifestyle with a playground, boating, and year-round activities await. Plus, worry-free ownership: new roof and gutters (2020) and new windows and skylights (2018). This is more than a home - it's a permanent vacation address!
Unit Size
3,700 Ft²
Days on Market
-
Land Size
0.91 acres
Price per sqft
$372
Property Type
House
Property Taxes
$989
HOA Dues
$53
Year Built
1962

Listed By

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Property Highlights

Garage
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Parking Features: Asphalt, Garage Door Opener, Garage, Attached, Yes
Garage Spaces: 4
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Vaulted Ceiling(s), Cathedral Ceiling(s), Walk-In Closet(s), Beamed Ceilings, Open Floorplan, Granite Counters, Separate Dining Room
Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Water Purifier Owned, Water Softener Owned, ENERGY STAR Qualified Appliances, Gas Cooktop, Gas Oven, Front Controls on Range/Cooktop
Flooring Type: Hardwood, Carpet
Door Features: ENERGY STAR Qualified Doors, Panel Door(s), Sliding Glass Door(s)
Laundry Features: Main Level, Gas Dryer Hookup, Sink
Rooms: 7
Has Fireplace
Fireplace Features: Gas Log
Fireplaces: 1
Basement: Crawl Space
Exterior Details
Square Footage: 3700
Square Footage Source: $0
Architectural Style: Contemporary
Year Built: 1962
Waterfront Features: Lake Front, Lake Privileges, Waterfront
Waterbody Name: TIMBERLAKE
Window Features: Skylight(s), Blinds, ENERGY STAR Qualified Windows, Screens, Wood Frames
Construction Materials: Cedar
Patio and Porch Features: Patio
Lot Features: Landscaped, Mature Trees
Lot Size Area: 39748.5
Lot Size Units: Square Feet
Lot Size Acres: 0.9125
Lot Size Square Feet: 39748.5
Lot Size Dimensions: 98 x 259 x 275 x 103 x 111
Water Source: Well
Financial Details
Tax Annual Amount: $11,867
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas
Sewer : Septic Tank
Location Details
HOA/Condo/Coop Fee Includes: Lake Rights, Other
HOA Fee: $632
HOA Fee Frequency: Annually

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1980
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 25
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 820
  • Garage Type: 1
  • Garage Square Area: 1,152
  • Parking Space Count: 4
  • Patio Type: 69
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 38,633
  • Total Building Area: 4,872
  • Gross Building Area: 4,872
  • Building Area: 2,900
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,900
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROBT. BARTLETTS TIMBERLAKE ESTS. UNIT 2
  • Land Acres: 0000000887
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: ROBT. BARTLETTS TIMBERLAKE ESTS. UNIT 2 LOT 138

Neighborhood

  • School District Name: Wauconda Community Unit School District 118
  • Census Tract: 864303

Geography

  • District: WAUCONDA
  • Parcel: 09-36-407-007
  • Lot: 138
  • Municipality: TWP OF WAUCONDA
  • Latitude: 42.2431
  • Longitude: -88.1249

    Address

  • Full Address: 498 Lakepoint Dr
  • Legal Unit: 2
  • Address - House Number: 498
  • Address - Street Name: Lakepoint
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Barrington
  • Carrier Code: C030
  • 4-Digit Zip Code: 1469
  • Zip Code: 60010

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,521,916
  • Tax Rate Code Area: 13006

    Appraisal Valuation

  • Standard Deviation: 0.1686
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 719,126
  • High Value: 840,441
  • Low Value: 597,811

    Market Valuation

  • Market Total Value: $454,915
  • Market Land Value: $77,432
  • Market Improvement Value: $377,483

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $151,623
  • Assessed Land Value: $25,808
  • Assessed Improvements Value: $125,815

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 19, 2015
  • Current Sale Recording Date: Jun 17, 2015
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7203769
  • Previous Sale Recording Date: Jun 17, 2015
  • Previous Sale Contract Date: May 28, 2015
  • Previous Sale Amount: $655,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

About Timberlake Estates


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Frequently Asked Questions

When was property at 498 Lakepoint Drive built and last sold?
The property at 498 Lakepoint Drive was built in 1962 and last sold on May 19, 2015 for $122,000.
How much is this home worth?
The estimated value of the home located at 498 Lakepoint Drive is $1,331,915.
What are some comparable homes to 498 Lakepoint Drive?
There are currently no comparable homes to 498 Lakepoint Drive.