Bank Owned - Vacant Lots in Barrington IL or Deer Park Illinois - Foreclosures? You Bet!

Bank Owned - Vacant Lots in Barrington IL or Deer Park Illinois - Foreclosures? You Bet!

There are currently 5 lots in the Barrington Illinois area that are bank owned. 4 of them are in Deer Park and 1 in Barrington. Sizes are just under 1 acre to just under 2 acres and prices are $169,900 for the smallest and $320,000 for 1.77 acres the largest.

There is one lot marked as a short sale and the price is currently $755,000 for 6.3 acres. My opinion is this is much too high as some 5 acre lots have been selling for $320,000 to $350,000.



If you are considering buying a lot to hold for new construction sometime in the future and you are going to finance the purchase, be sure to check the terms of a loan for a land purchase. You may be required to re-pay it in 2 years time.

Will there be more? Yes the notice of defaults on vacant lots is rising just like all other real estate and so undoubtedly more will become available.

It is a great time to get your perfect lot in Barrington or Deer Park. Send an email if you would like a full list.

Search for Barrington Real Estate Listings and Information at http://www.realestateinbarrington.com

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Contact Corinne Guest Broker & Owner Royal Advocate Realty Licensed Realtor® in Illinois, for real estate in Barrington, Lake Barrington, North Barrington, South Barrington, Barrington Hills, Inverness and Deer Park, as well as Lake Zurich, Hawthorn Woods, Kildeer and Long Grove in Lake County Illinois.

Call me 847-363-3686 for assistance.

Copyright © 2008 By Corinne Guest, All Rights Reserved. Bank Owned - Vacant Lots in Barrington IL or Deer Park Illinois - Foreclosures? You Bet!