ActivePrice Reduced

$699,000

$724,500
556 Prescott Lane, Gurnee, IL 60031
4 Beds4 Baths5,774 sqft28 days
556 Prescott Lane·Gurnee, IL 60031
4Bedrooms
4Bathrooms
5,774Sq Ft
2000Year Built
About This Home

Unmatched location and size in Gurnee's highly sought-after Timberwood Community! This stunning home features 5 bedrooms, 3.1 baths, a 3-car garage, a main-floor den, and formal living/dining rooms. The cook's kitchen boasts stainless steel appliances, double ovens, custom cabinets, a massive island seating 4, and a breakfast area-all flowing seamlessly into a dramatic two-story family room with a gas fireplace and an adjacent playroom/second office. The fully finished basement is an entertainer's dream, offering a 5th bedroom, full bath, media room, recreation room, custom wine room, and full bar. Outside, enjoy a fully fenced yard with a brick paver patio, lush landscaping, and mature trees. Major updates include a new roof and siding (2023), fresh paint, updated flooring, custom lighting, and walk-in closets in every bedroom. Walk to parks and attend award-winning Warren High School. Close to shopping, dining, and entertainment!

MLS# 12764094Listed September 18, 2026ResidentialColonialSubdivision: Timberwoods
Property Details

Beds & Baths

Total Bedrooms4
Total Bathrooms4
Full Baths3
Half Baths1
Total Rooms13

Size & Structure

Living Area5,774 sqft
Garage Spaces3
Fireplaces1
Year Built2000
Lot Size0.270 acres

Location

CountyLake
TownshipWarren
SubdivisionTimberwoods
Zip Code60031

Financial

List Price$699,000
Original Price$724,500
Price / Sq Ft$121
Annual Taxes (2025)$15,474
Monthly Tax Est.$1,290
Parcel #07192120290000
Interior Features

Appliances

Double OvenRangeMicrowaveDishwasherHigh End RefrigeratorBar FridgeWasherDryerDisposalStainless Steel Appliance(s)Cooktop

Flooring

HardwoodLaminateCarpet

Heating

Gas

Cooling

Central Air

Basement

Finished8 ft + pourConcreteStorage SpaceFull

Laundry

In Unit

Fireplace

Gas LogGas Starter
Exterior & Lot

Construction

Vinyl SidingBrick

Roof

Asphalt

Foundation

Concrete Perimeter

Exterior Features

BalconyLighting

Patio & Porch

Patio

Lot Features

LandscapedWoodedMature Trees
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

AsphaltGarage Door OpenerYesGarage OwnedAttachedGarage
HOA & Community
HOA Fee
$0
Not Applicable

HOA Includes

None

Community Features

ParkCurbsGatedSidewalksStreet LightsStreet Paved
Schools
Elementary
Woodland Elementary School
District: 50
Middle School
Woodland Jr High School
District: 50
High School
Warren Township High School
District: 121
Tax & Financial
Annual Taxes
$15,474
Tax Year 2025
Monthly Tax Est.
$1,290
per month
Price per Sq Ft
$121
per square foot
Price Reduced by $25,500
Original list price: $724,500
Property Location

556 Prescott Lane, Gurnee, IL 60031 — Lake County

$699,000
$121 / sqft
556 Prescott Lane
4 bd4 ba5,774 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
28 days on market
3-car garage
1 fireplace
0.270 acres
$15,474/yr taxes
$0 HOA (not applicable)
Price reduced $25,500
$4,963
estimated monthly payment
Principal & Interest
$3,674/mo
Property Tax
$1,290/mo
$699,000
20% — $139,800
3%50%
6.875%
3%12%
Loan Amount
$559,200
Down Payment
$139,800

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Coldwell Banker Realty
Agent: Peggy Cobrin
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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