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Lake 60010 Timberlake Estates
78 Timberlake Road
$384,900
● House - Off Market

78 Timberlake Road

Barrington, IL 60010
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,521 Ft²
$3,116
Est. Monthly
$58
HOA / Fees
5.11%
Cap Rate

About This Property

**PRICE REDUCTION**AND**$10,000 CREDIT TO BUYERS FOR IMPROVEMENTS!!!!  INSTANT EQUITY-This is a DIY dream! Bring your creative ideas for this charming brick 3 bedroom, 3 bath home on a sprawling acre+ property in Timberlake Estates. Privacy galore and 2 cozy fireplaces. Wooded lot with trails to access the full acre. Timberlake estates includes a community beach area with a small play ground and covered pavilion for residents! Convenient location to hop on Route 12 to shopping, parks and to commute. Property is being sold AS-IS. Portable AC unit in family room is included. **Very Motivated Sellers!!** Don't miss this great opportunity!
Unit Size
2,521 Ft²
Days on Market
-
Land Size
1.12 acres
Price per sqft
$192
Property Type
House
Property Taxes
$677
HOA Dues
$58
Year Built
1957

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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.

Last updated: 2 years ago (MRED MLS #12116097)

Price History

Date / Event Date Event Price
Nov 15, 2024 Sold
Premium
Sold
Oct 27, 2024 In contract -
In contract
Oct 11, 2024 Price Decreased $484,900
↓ $15K (3%)
Price Decreased
Oct 2, 2024 Price Decreased $499,900
↓ $25K (4.8%)
Price Decreased
Sep 18, 2024 Price Decreased $525,000
↓ $25K (4.6%)
Price Decreased
Show More

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 4
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 729
  • Garage Type: 1
  • Garage Square Area: 450
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 58,174
  • Total Building Area: 3,700
  • Gross Building Area: 3,700
  • Building Area: 2,521
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,521
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROBT.BARTLETT S TIMBER-LAKE ESTS. UNIT N
  • Land Acres: 0000001336
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: ROBT.BARTLETT S TIMBER-LAKE ESTS. UNIT NO.2 LOT 116

Neighborhood

  • School District Name: Barrington Community Unit School District 220
  • Census Tract: 864305

Geography

  • Assessors Map Reference: 2644-B5
  • District: CUBA
  • Parcel: 13-01-203-018
  • Lot: 116
  • Municipality: TWP OF CUBA
  • Latitude: 42.2344
  • Longitude: -88.1232

    Address

  • Full Address: 78 Timberlake Rd
  • Legal Unit: 2
  • Address - House Number: 78
  • Address - Street Name: Timberlake
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Barrington
  • Carrier Code: C030
  • 4-Digit Zip Code: 1252
  • Zip Code: 60010

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $737,738
  • Tax Rate Code Area: 14028

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 492,843
  • High Value: 571,575
  • Low Value: 414,111

    Market Valuation

  • Market Total Value: $458,356
  • Market Land Value: $102,043
  • Market Improvement Value: $356,313

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $152,770
  • Assessed Land Value: $34,011
  • Assessed Improvements Value: $118,759

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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

Rentals Near You

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MRED

Listed by: Tracy Sibley, Stellar Results Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 12116097
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 78 Timberlake Road built and last sold?
The property at 78 Timberlake Road was built in 1957 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 78 Timberlake Road is $0.
What are some comparable homes to 78 Timberlake Road?
There are currently no comparable homes to 78 Timberlake Road.
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