Active

$724,500

556 Prescott Lane, Gurnee, IL 60031
4 Beds4 Baths5,774 sqft7 days
556 Prescott Lane·Gurnee, IL 60031
4Bedrooms
4Bathrooms
5,774Sq Ft
2000Year Built
About This Home

Location and size like no other in the highly sought after Timberwood Community in Gurnee. 5 bedrooms, 3.1 bathrooms, 3 car garage, main floor den, formal dining room and formal living room and stainless steel appliances in cook's kitchen with a designated breakfast area is just the beginning. Loads of upper and lower custom cabinets, double ovens, undermount sink with window overlooking backyard and an oversize island with storage and sitting for 4. All this and it is open to the two-story family room and an additional adjacent space that is perfect for a playroom or second office space. Soaring ceilings are found in the entry way and family room. Full finished basement offers a 5th bedroom and full bath. In addition to the media room & recreation room you will find a wine room, a full bar and separate storage room for all your big bulk items. Fully fenced in yard has brick paver patio, gorgeous landscaping and mature trees making entertaining family and friends memory making. Special features include the following: a gas start fireplace with custom mantel in family room, fresh paint, flooring, custom light fixtures, backsplash in kitchen, double ovens, walk in closets in every bedroom, great window treatments and so much storage. Roof and new siding were completed in 2023. Walk to parks and playground. Students attend Award winning Warren High School. Perfect location is close to parks, shopping, schools, entertainment and wonderful restaurants.

MLS# 12690722Listed July 28, 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$724,500
Price / Sq Ft$125
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

Natural 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
$125
per square foot
Property Location

556 Prescott Lane, Gurnee, IL 60031Lake County

$724,500
$125 / sqft
556 Prescott Lane
4 bd4 ba5,774 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
7 days on market
3-car garage
1 fireplace
0.270 acres
$15,474/yr taxes
$0 HOA (not applicable)
$5,097
estimated monthly payment
Principal & Interest
$3,808/mo
Property Tax
$1,290/mo
$724,500
20% — $144,900
3%50%
6.875%
3%12%
Loan Amount
$579,600
Down Payment
$144,900

* 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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