$390,000

1845 Watercolor Place, Grayslake, IL 60030

Active Under Contract
3 beds 2.5 baths 2,667 sqft (estimated) Built 2005 Residential MLS #MRD12631103 78 days on market
Listing courtesy of Real Broker, LLC · 217-960-8605 · steve.carvelli@joinreal.com · MLS #MRD12631103 · Status: Active Under Contract
Rarely available end unit in the sought-after Water's Edge neighborhood of Grayslake. This two-story, 3-bedroom, 2.5-bath townhome sits alongside a charming lake, and residents enjoy exclusive access to Gage's Lake with a private beach, boat launch, and walking path. This well-maintained home features fresh paint throughout, a new 2026 water heater, updated ceiling fans, upgraded downstairs blinds, new shower finishes, and a custom-designed primary closet. The fenced patio with a retractable electric awning is perfect for relaxing outdoors. The end-unit location offers extra natural light and privacy, all while being just minutes from Metra, shopping, and dining.The sellers are including the 85-inch living room TV, 65-inch primary bedroom TV, and outdoor patio set. Units in Water's Edge rarely become available, so schedule your showing today.

Property details

Interior

Basement
None
Additional rooms
Den, Office
Total rooms
8

Building & exterior

Age
21-25 Years
Stories
2
Entry level
1
Exterior
Vinyl Siding

Parking

Garage spaces
2
Total spaces
2
Parking details
Garage Door Opener, Yes, Garage Owned, Attached, Garage

Lot & location

Lot dimensions
101x38
Township
Warren
County
Lake
Waterfront
Yes

Utilities

Heating
Natural Gas
Cooling
Central Air
Water
Public
Sewer
Unknown

HOA & community

Assessment
$495 / monthly
Assessment includes
Exterior Maintenance, Lawn Care
Pets
Cats OK, Dogs OK

Schools

Elementary
Woodland Elementary School (50)
Junior high
Woodland Middle School (50)
High school
Warren Township High School (121)

Taxes & terms

Annual taxes
$12,000 (2025)
Parcel number (PIN)
07301020450000
PIN
07301020450000
Ownership
Fee Simple
Possession
Closing
Special conditions
None
Listed
6/1/2026

Rooms

RoomSizeLevelFlooring
Den11X10Second
Office12X11Main
Bedroom 212X12Second
Bedroom 314X10Second
Bedroom 4N/A
Dining Room19X13Main
Family RoomN/A
Kitchen12X12Main
Laundry12X7Main
Living Room19X15Main
Master Bedroom22X14Second

What would this home cost per month?

Using this listing's actual tax bill (2025) and actual HOA assessment — adjust anything.

Rates move daily — edit to today's quote. Under 20% down adds PMI automatically.

Estimated monthly payment
$0
Principal & interest
Property taxes
Insurance
PMI (under 20% down)
HOA / assessments

Estimates only — not a loan offer or quote; your rate, insurance and PMI depend on your credit and lender. Run other scenarios on the full mortgage calculator, or ask us to connect you with lenders our clients actually close with.

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Address not displayed at seller's request — Third Lake, IL
Want to see this home?

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Listings courtesy of MRED as distributed by MLS GRID. MLS GRID

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