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$505,000 Just Listed
Property Description
Huge, Beautiful home with 5 bedrooms and 2 additional rooms. 3 and a half bathrooms. Hardwood floors, plenty of natural light flow throughout the home's open, airy layout. Special highlights include a 5th room on the 2nd floor along with washer and dryer. The first floor offers an office/playroom. Finished English basement has a bedroom with its own private full bath (perfect for mother-in-law suite). Large Deck opens to spacious corner lot with pond view. Stainless steel appliances in the kitchen which opens to the family room. Enjoy this resort-style subdivision with a community swimming pool and park. Grayslake School District. Enjoy the energy bill savings with this homes Solar Panels.
Full Property Details
Full Property Details for 1503 S Elizabeth Ln
General
- Price: $505,000
- HOA FEE: $44/month
- HOA FEE FREQ.: Annually
- Taxes: $13,238 (2025)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 12704172
- Updated: 7/14/2026
- Added to Site: 2 day(s) ago
Rental Information
- Complex Features: Clubhouse, Park, Pool, Tennis Court(s), Lake, Curbs
Interior
- Basement: Finished, F
- Appliances: Dishwasher, Disposal
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
- Basement Baths: Yes
- Bathroom Features: Separate Shower, Double Sink
Bedrooms
- Total Bedrooms: 5
- Bedrooms(Blw Grade): 1
Additional Information
- Equipment: Sump Pump
- Other Features: School Bus Service, Commuter Train
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: Round Lake Beach / Round Lake / Round Lake Heights / Round Lake Park
- County: Lake
- Township: Fremont
- Subdivision: Lakewood Grove
- Driving Directions: CEDAR LAKE RD N OF 60 E ON AMARIAS TO ELIZABETH
School Information
- School District: 46
- Elem School District: 46
- Midd School District: 46
- High School District: 127
Community
- Assoc. Fees Include: Insurance, Clubhouse, Pool
- Mgmt. Company: Heil, Heil, Smart and Golee
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Model: MANCHESTER
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Finished, Full, Daylight
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Square Feet: 4,078
- Sq. Ft. Source: Estimated
- Year Built: 2004
Manufactured Home
- Model: MANCHESTER
Lot Features
- Lot Size (Acres): 0.4139
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 112 x 118 x 139 x 172
- Lot Features: Corner Lot, Irregular Lot
Water Features
- Water Front Desc.: Pond
Financial Considerations
- Association Fee: $528
- Assoc Fee Freq.: Annually
- Assessment Year: 2004
- Tax Amount: $13,238
- Tax Year: 2025
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple with Homeowners Association
- Property ID: 10054030010000
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Schools
Schools serving 1503 S Elizabeth Ln
School Districts:Grayslake Consolidated Community School District 46, Grayslake Community High School District 127
| Name | Grades | Distance |
|---|---|---|
Park East School 400 West Townline Road, Round Lake, IL 60073 | K-8 | 0.6 mi |
Grayslake Central High School 400 North Lake Street, Grayslake, IL 60030 | 9-12 | 3.1 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 1503 S Elizabeth Ln
Date
Details
Price
Change
Source
7/13/2026
Listed
$505,000
82.97%
MLS
6/25/2019
Sold
$276,000
—
Public Record
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
Tax History for 1503 S Elizabeth Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,239
28%
$132,882
12%
2024
$12,670
6%
$118,863
9%
2023
$11,906
5%
$108,909
10%
2022
$11,391
-2%
$98,845
7%
2021
$11,641
2%
$92,036
3%
2020
$11,366
-17%
$89,503
3%
2019
$13,685
13%
$86,560
15%
2018
$12,149
-1%
$74,972
3%
2017
$12,264
—
$72,612
5%
2016
$12,261
—
$68,964
7%
2015
$12,311
5%
$64,652
—
2014
$11,753
5%
$64,652
8%
2013
$11,239
3%
$60,131
-7%
2012
$10,928
—
$64,507
—
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 1503 S Elizabeth Ln
1503 S Elizabeth Lane, Round Lake, IL 60073 (MLS# 12704172) is a Single Family property with 5 bedrooms, 3 full bathrooms and 1 partial bathroom. 1503 S Elizabeth Lane is currently listed for $505,000 and was received on July 13, 2026. Want to learn more about 1503 S Elizabeth Lane? Do you have questions about finding other Single Family real estate for sale in Round Lake? You can browse all Round Lake real estate or contact a Coldwell Banker agent to request more information.
