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$615,000

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 3,842 Sq. Ft.
  • 3 Car Garage

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Open House: 12:00 PM - 2:00 PM

Sunday 4/12 12:00 PM - 2:00 PM

7421 Prescott Lane,Gurnee, IL 60031

7421 Prescott LaneGurneeIL60031

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Spacious and beautifully maintained 4-bedroom, 2.5-bath home in desirable Gurnee location! This well-appointed home offers a functional and flexible layout with hardwood flooring throughout the entire main level and second floor, with comfortable carpeting in the expansive primary bedroom. The main level features a bright kitchen with stainless-steel range hood, updated lighting, ample electric outlets, and an open flow into the family room-perfect for everyday living and entertaining. Enjoy both formal living and dining rooms, plus a private office or optional 4th bedroom. A convenient main-floor laundry room and updated half bath complete the first level. Upstairs, you'll find a massive primary suite retreat along with two additional generously sized bedrooms, a full hall bath with a new toilet, and a large loft area ideal for a second living space, playroom, or home office. The huge full basement provides endless possibilities for storage, recreation, or future finishing. Additional updates and improvements include repaired and refinished half bath wall, bidet spray, ceiling lights and fans in the family room, living room, and dining room, Nest thermostat, water heater, gutters, new fence, and backyard enhancements. Move-in ready with space, style, and thoughtful updates throughout!

Full Property Details for 7421 Prescott Ln

General

  • Price: $615,000
  • HOA FEE: $23/month
  • HOA FEE FREQ.: Annually
  • Taxes: $15,522 (2024)
  • Status: Active
  • Type: Single Family
  • Source: MRED
  • MLS ID: 12568643
  • Updated: 3/25/2026
  • Added to Site: 46 day(s) ago

Rental Information

  • Complex Features: Park, Horse-Riding Area, Lake, Curbs, Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Partially
  • Interior Features: Walk-In Closet(s)
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Gas Starter
  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Oven, Range Hood

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathroom Features: Separate Shower, Bidet

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Equipment: Ceiling Fan(s)
  • Other Features: Interstate Access

Parking

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

Location

  • Area: Gurnee
  • County: Lake
  • Township: Warren
  • Subdivision: Timberwoods
  • Driving Directions: 45N to E. Washington, N. Old Walnut Circle, W. Prescott Lane to Home

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 Middle School
  • High School: Warren Township High School
  • Private School: Warren Township High School

Community

  • Assoc. Fees Include: None
  • Mgmt. Company: Timberwoods

Heating & Cooling

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

Utilities

  • Sewer: Other
  • Water: Other

Structural Information

  • Construction: Vinyl Siding, Brick
  • Exterior Const.: Vinyl Siding, Brick
  • Basement: Yes
  • Basement Desc.: Partially Finished, Full
  • Windows: Blinds, Drapes, Screens, Some Stained Glass
  • Doors: Sliding Doors
  • Square Feet: 3,842
  • Sq. Ft. Source: Estimated
  • Year Built: 2000

Lot Features

  • Lot Size (Acres): 0.28
  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 84 x 124 x 108 x 127
  • Lot Features: Cul-De-Sac, Landscaped

Financial Considerations

  • Association Fee: $270
  • Assoc Fee Freq.: Annually
  • Parking Included: Yes
  • Assessment Year: 2000
  • Tax Amount: $15,522.48
  • Tax Year: 2024
  • Pays Sewer: Other

Disclosures and Reports

  • Ownership: Fee Simple with Homeowners Association
  • Property ID: 7192160030000

Listed by Redfin Corporation

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Listing agent

— 7421 Prescott Ln —

  • Redfin Corporation

(224) 699-5002

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 7421 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-K1.1 mi
Woodland Elementary School, Gages Lake, IL
17261 West Gages Lake Road, Gages Lake, IL 60030
1-31.2 mi
Woodland Intermediate School
1115 N Hunt Club Rd, Gurnee, IL 60031
4-51.7 mi
Woodland Middle School
7000 Washington Street, Gurnee, IL 60031
6-80.6 mi
Warren Township High School
34090 N Almond Rd, Gurnee, IL 60031
9-120.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7421 Prescott Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/19/2026
Price Reduced
$615,000
-1.91%
MLS
2/25/2026
Listed
$627,000
49.29%
MLS
8/24/2021
Sold
$420,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7421 Prescott Ln

Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,432
2%
$166,793
8%
2023
$14,081
11%
$154,854
3%
2022
$12,648
3%
$150,461
9%
2021
$12,258
8%
$137,489
3%
2020
$11,378
—
$134,109
3%
2019
$11,378
-3%
$130,215
-3%
2018
$11,764
2%
$134,671
3%
2017
$11,521
1%
$130,812
-3%
2016
$11,437
-5%
$135,077
5%
2015
$12,096
—
$128,108
—
2014
$12,073
3%
$128,108
2%
2013
$11,719
6%
$125,163
-2%
2012
$11,099
—
$128,264
—
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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7421 Prescott Lane, Gurnee, IL 60031 (MLS# 12568643) is a Single Family property with 4 bedrooms, 2 full bathrooms and 1 partial bathroom. 7421 Prescott Lane is currently listed for $615,000 and was received on February 25, 2026. Want to learn more about 7421 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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