Barrington Illinois Waterfront Homes - The Value of Waterfront Homes - Have They Lost Their Appeal?
By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Waterfront Homes in BarringtonThese include properties on Fox River, as well as creeks, lakes and ponds. There are very few homes in Barrington that have true river frontage. The majority of homes are going to be on lakes, some might really call them ponds depending on the size and whether they are naturally created or man made for water retention purposes.The Value of WaterfrontUndoubtedly the most value would be attached to river front properties. In relation to lake or pond properties, the question is how much, if any, value of a property can be attributed to a property's lake or pond location. Over the last 2 or 3 years while our property values have declined it appears that based on comparable sales of properties that are not on a lake or pond, the answer is not very much. Many hom...
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