507 Park Barrington Way Barrington, IL 60010

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2 beds · 3 baths · 2,604 sq ft · Lot Size: 7,273 sq ft · Single Family Home
Est. Property Value: $388,411
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507 Park Barrington Way is in the 60010 neighborhood of Barrington, IL. It is located in Cook County and ZIP code 60010. This Single Family Home was built in 1989 and is approximately 36 years old. The single family home spans 2604 sq ft with 2 bedrooms and 3 bathrooms and sits on a 7273 sq ft lot. According to public records, it was last sold in 2013 for $622,500 and has a tax-assessed value of $446,220, which is $149 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 507 Park Barrington Way Barrington, IL 60010 with Property Intel by Whitepages.

507 Park Barrington Way

Barrington, IL 60010

Owner Info

Owners & Occupancy for 507 Park Barrington Way

This property is owned by Robert J Kopp. Owner contact information includes 8 phone numbers and 5 email addresses.

Property Owners

Cell Phone(224) ***-****View Cell Phone
Residence**************
Landline
Distance from Property**********
Email Address******@att.netView Email
Cell Phone(847) ***-****View Cell Phone
Residence**************
Landline
Distance from Property**********
Email Address******@att.netView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1************* age 82
Resident 2************ age 80

Property Financials for 507 Park Barrington Way

507 Park Barrington Way, Barrington, IL has no known mortgage. The Cook county assessment for 2022 values it at $446,220, with annual taxes of $8,392.

Property Tax

Purchase DateDecember 12, 2013
Property Tax Amount$8,392 in 2022
Purchase Price$622,500
Assessed Value$446,220 on 2022

Investment Potential for 507 Park Barrington Way

The property has a current estimated value of $388,411, which is 35% above the zip median, based on public records. It last sold on December 12, 2013 for $623K. Projected long-term
is $39,000 annually ($3,250 per month) with a 94% occupancy rate.

Discover more Single Family Homes in 60010.

Long-Term

Gross Rental
$39,000 per year($3,250 per month)
Net Operating Income
Cap Rate
Occupancy Rate
94%in 60010 zip code
 
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Property Details for 507 Park Barrington Way

Property Details

Property Sq Ft

Living Area

2,604 sq ft

70% above market

Lot Size

7,273 sq ft

12% below market

Price Per Sq Ft

Living Area

$149 / sq ft

31% below market

Lot Size Area

$53 / sq ft

39% above market

Property condition, age, exterior, etc. for 507 Park B…
Longitude: -88.128862 Latitude: 42.133766 Parcel Number (APN): 01-12-210-024-0000…

Recommended Properties in 60010

Discover more single family homes near 507 Park Barrington Way in Barrington, Illinois. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 507 Park Barrington Way in Cook County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$388,411
$158,290
$230,121 (145%)
YoY Price Change
Year Built
1989
1951
38 years
Living Space
2,604 sq ft
1,018 sq ft
1586 (156%)
$ Per Living Sq Ft
$149
$142
$7 (5%)
Lot Size
7,273 sq ft
5,500 sq ft
1773 (32%)
$ Per Lot Sq Ft
$53
$25
$29 (116%)

Net Operating Income
$22,865
-$311 (-1%)
Annual Revenue
$39,000
$32,400
$6,600 (20%)
$8,168
$8,278 (101%)
Net Operating Income
$22,865
-$311 (-1%)
Cap Rate
13.11%
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

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