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$724,500 Just Listed

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • 5,000 Sq. Ft.
  • 3 Car Garage
  • Updated 2 days ago
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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.

Full Property Details for 556 Prescott Ln

General

  • Price: $724,500
  • Taxes: $15,474 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MRED
  • MLS ID: 12690722

Rental Information

  • Complex Features: Park, Curbs, Gated, Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Finished, 8
  • Interior Features: Vaulted Ceiling(s), High Ceilings, Special Millwork
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Family Room, Gas Log, Gas Starter
  • Appliances: Double Oven, Range, Microwave, Dishwasher, High-End Refrigerator, Bar Fridge, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Cooktop
  • Flooring: Hardwood, Laminate, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement Baths: Yes
  • Bathroom Features: Separate Shower, Double Sink, Soaking Tub

Bedrooms

  • Total Bedrooms: 5
  • Bedrooms(Blw Grade): 1

Additional Information

  • Other Features: School Bus Service

Exterior

  • Exterior Features: Balcony, Lighting

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 3
  • Total Spaces: 3
  • Parking Features: Asphalt, Garage Door Opener, Yes, Garage Owned, Attached, Garage

Location

  • Area: Gurnee
  • County: Lake
  • Township: Warren
  • Subdivision: Timberwoods
  • Driving Directions: North of Washington Street between Rt. 45 and North Hunt Club Road.

School Information

  • School District: 50
  • Elem School District: 50
  • Midd School District: 50
  • High School District: 121
  • Elementary School: Woodland Elementary School
  • Middle School: Woodland Jr High School
  • High School: Warren Township High School
  • Private School: Warren Township High School

Community

  • Assoc. Fees Include: None

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Colonial
  • Architectural Style: Colonial
  • Model: Expanded
  • Construction: Vinyl Siding, Brick
  • Exterior Const.: Vinyl Siding, Brick
  • Basement: Yes
  • Basement Desc.: Finished, 8 ft + pour, Concrete, Storage Space, Full
  • Foundation: Concrete Perimeter
  • Roof: Asphalt
  • Windows: Screens, Window Treatments, Blinds, Display Window(s), Double Pane Windows, Shades
  • Doors: French Doors, Sliding Doors, Storm Door(s), Panel Door(s), 6 Panel Door(s)
  • Sub-Flooring: Hardwood, Laminate, Carpet
  • Square Feet: 5,000
  • Sq. Ft. Source: Assessor
  • Year Built: 2000

Manufactured Home

  • Model: Expanded

Lot Features

  • Lot Size (Acres): 0.27
  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 140 x 86
  • Fence: Yes
  • Lot Features: Landscaped, Wooded, Mature Trees
  • Fencing (Description): Fenced

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 2000
  • Tax Amount: $15,474
  • Tax Year: 2025
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 7192120290000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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Schools serving 556 Prescott Ln

School Districts:Woodland Community Consolidated School District 50, Warren Township High School District 121
NameGradesDistance
Woodland Primary School
17366 W Gages Lake Rd, Gages Lake, IL 60030
PK-K1.2 mi
Woodland Elementary School, Gages Lake, IL
17261 West Gages Lake Road, Gages Lake, IL 60030
1-31.4 mi
Woodland Intermediate School
1115 N Hunt Club Rd, Gurnee, IL 60031
4-51.5 mi
Woodland Middle School
7000 Washington Street, Gurnee, IL 60031
6-80.5 mi
Warren Township High School
34090 N Almond Rd, Gurnee, IL 60031
9-120.7 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 for 556 Prescott Ln

Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,247
-3%
$188,320
11%
2024
$14,641
7%
$169,090
8%
2023
$13,669
11%
$156,987
7%
2022
$12,361
3%
$146,236
4%
2021
$11,966
3%
$140,369
3%
2020
$11,628
—
$136,918
3%
2019
$11,628
-10%
$132,943
-10%
2018
$12,981
2%
$147,975
3%
2017
$12,714
1%
$143,735
5%
2016
$12,624
3%
$137,335
5%
2015
$12,308
—
$130,250
—
2014
$12,284
3%
$130,250
2%
2013
$11,923
6%
$127,239
-2%
2012
$11,292
—
$130,391
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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556 Prescott Lane, Gurnee, IL 60031 (MLS# 12690722) is a Single Family property with 5 bedrooms, 3 full bathrooms and 1 partial bathroom. 556 Prescott Lane is currently listed for $724,500 and was received on July 28, 2026. This property is listed by Peggy Cobrin from our The Groves Office.Want to learn more about 556 Prescott Lane? Do you have questions about finding other Single Family real estate for sale in Gurnee? You can browse all Gurnee real estate or contact a Coldwell Banker agent to request more information.

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