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$550,000 Contingent
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Property Description
Set on a superior lot with an incredible backyard setting backing up to stocked pond and walking path, gorgeous primary suite renovations, enormous living spaces, a new roof, concrete driveway and new mechanicals & EV Charger, this 5-bedroom, 2.5-bath home offers the space, updates you have been searching for! Rich hardwood floors span the main level, featuring an eat-in kitchen with center island, spacious living room, flexible front room, and convenient mudroom with first-floor laundry and pantry. The finished basement adds versatile space for a playroom, home gym, hobbies, workshop, and storage. Upstairs, the stunning primary suite-redesigned by Hogan Design in 2025-offers a luxurious retreat with a coffered ceiling, custom walk-in closet, and spa-inspired ensuite featuring a soaking tub, oversized walk-in shower, premium cabinetry, and high-end fixtures. Four additional bedrooms, each with its own walk-in closet, provide exceptional space and storage. Major updates include a new roof, gutters, exterior trim, and concrete driveway (2025), HVAC (2024), and tankless water heater (2019). Fresh paint throughout the main level and a recently power-washed exterior make this home feel fresh and move-in ready. The 3-car garage is also equipped with an EV charger for added convenience. Located just minutes from I-88 and the Metra station, with the neighborhood elementary school just a short walk away. Come take a look for yourself-you may have just found the lifestyle you've been waiting for!
Full Property Details
Full Property Details for 488 Gray Ave
General
- Price: $550,000
- HOA FEE: $17/month
- HOA FEE FREQ.: Annually
- Taxes: $10,779 (2025)
- Status: Contingent
- Type: Single Family
- Source: MRED
- MLS ID: 12697301
Rental Information
- Complex Features: Park, Lake, Curbs, Sidewalks, Street Lights, Street Paved
Interior
- Basement: Finished, R
- Interior Features: Walk-In Closet(s), Granite Counters, Separate Dining Room, Pantry
- Appliances: Double Oven, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Range Hood, Water Softener Owned, Gas Cooktop, Humidifier
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
Additional Information
- Equipment: Water Softener (Owned), Dish Antenna, Carbon Monoxide Detectors, Ceiling Fan(s), Sump Pump, Water Heater-Gas
- Other Features: School Bus Service, Commuter Train, Interstate Access
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 3
- Total Spaces: 3
- Parking Features: Concrete, Garage Door Opener, Electric Vehicle Charging Station(s), Yes, Attached, Garage
Location
- Area: Elburn
- County: Kane
- Township: Blackberry
- Subdivision: Blackberry Creek
- Driving Directions: KESLINGER WEST TO LIBERTY, RIGHT ON GRAY
School Information
- School District: 302
- Elem School District: 302
- Midd School District: 302
- High School District: 302
- Elementary School: Blackberry Creek Elementary Scho
- Middle School: Harter Middle School
- High School: Kaneland High School
- Private School: Kaneland High School
Community
- Assoc. Fees Include: Insurance
- Mgmt. Company: McGill Management
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Vinyl Siding
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished, Rec/Family Area, Storage Space, Full
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Sub-Flooring: Hardwood
- Square Feet: 3,361
- Sq. Ft. Source: Estimated
- Year Built: 2004
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size (Acres): 0.21
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 65 x 120 x 92 x 120
- Fence: Yes
- Lot Features: Mature Trees
- Fencing (Description): Fenced
Water Features
- Water Front Desc.: Pond
Financial Considerations
- Association Fee: $200
- Assoc Fee Freq.: Annually
- Assessment Year: 2004
- Tax Amount: $10,779
- Tax Year: 2025
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple with Homeowners Association
- Special Conditions: Standard
- Property ID: 1108126009
Listed by Coldwell Banker Real Estate Group
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Schools
Schools serving 488 Gray Ave
School District:Kaneland Community Unit School District 302
| Name | Grades | Distance |
|---|---|---|
Kaneland Blackberry Creek Elementary School 1122 Anderson Road, Elburn, IL 60119 | PK-5 | 0.5 mi |
Harter Middle School 1601 Esker Drive, Sugar Grove, IL 60554 | 6-8 | 6 mi |
Kaneland Senior High School 47W326 Keslinger Rd, Maple Park, IL 60151 | 9-12 | 3.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 488 Gray Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,779
—
$140,773
9%
2025
$10,779
8%
$128,960
11%
2023
$10,000
9%
$116,390
14%
2022
$9,179
4%
$102,506
4%
2021
$8,842
—
$98,111
2%
2021
$8,842
2%
$95,811
1%
2019
$8,683
3%
$94,404
6%
2017
$8,443
9%
$89,258
11%
2016
$7,728
-8%
$80,096
-11%
2018
$8,442
20%
$90,284
28%
2015
$7,052
1%
$70,681
2%
2014
$6,984
18%
$69,194
12%
2012
$5,908
—
$61,661
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 488 Gray Ave
488 Gray Avenue, Elburn, IL 60119 (MLS# 12697301) is a Single Family property with 5 bedrooms, 2 full bathrooms and 1 partial bathroom. 488 Gray Avenue is currently listed for $550,000 and was received on July 10, 2026. Want to learn more about 488 Gray Avenue? Do you have questions about finding other Single Family real estate for sale in Elburn? You can browse all Elburn real estate or contact a Coldwell Banker agent to request more information.

