This property offers water rights, and is in the Barrington 220 school district, a marina and plenty of open spots for a boat or wave runner are some of the outstanding features of this property.
This is an opportunity to live on the water in a great community for a fraction of what one might expect to pay for a home for sale in Barrington.
Barrington is located about 32 miles northwest of Chicago and is an area of wetlands, forest preserves, parks, horse trails in a country-suburban setting. The zip code 60010 is the 7th wealthiest zip codes in the nation with cities of 20000 or more.
The motto is a “a great place to live, work and play.”
Population is estimated at 42,934, with 15,713 households. Over 6000 homes feature children, and there has been a 3% population grown since 2000. The median age is 33.45 years of age. The population is 50/50 male/female and 71% of the population is married, 19% are single. Divorced, widowed and separated make up the remaining population.
The median home sale price was $465,000, with an annual turnover rate of 14.59% and 45.87% of the residents stay in their home 5 years or more.
Home ownership is high in Barrington, with 85% of the population owning, 9% renting and 6% vacant.
Retail is the largest employer, followed by services, construction, manufacturing, finance, and transportation and communication. Seventy-nine percent of the population is employed in white collar jobs.
The average household income is $179,308, with average per capita income of $66024. However, the greatest number of households (almost 2500) make between $150,000 and $200000, with about 1750 households in the $250-500,000 range and about 1200 homes ranking in the $500,000+ range.
The overwhelming majority (83%) drive to work, while a small percentage (8%) uses public transportation.
Most Barrington residents are college educated with 9,732 earning bachelor degrees, 6,145 with graduate degrees, 4,429 reporting “some college” and 1724 with associate degrees.
Barrington features a large variety of public and private schools at all levels. The public schools get a 10 rating from the Great Schools rating system. It is the 220 school district.
This property is a “cottage” located on a side street near the Fox River with water access. It features a community dock and river access. The subdivision has its own marina and spots for wave runners and boats. The Fox River is a prime spot for recreation, fishing and water sports.
There are 2 bedrooms, 1 bathroom, a garage, and raised floor plan. Being sold “as is” it needs renovation and may require cash or a 203K loan. At just $85000 it is an opportunity to gain instant equity by making improvements to this gem in the rough.