$724,500

556 Prescott Lane, Gurnee, IL 60031

Active
4 beds (5 possible) 3.5 baths 5,000 sqft (assessor) Built 2000 Residential MLS #MRD12690722 29 days on market
Listing courtesy of Coldwell Banker Realty · 847-541-5000 · thegrove@cbexchange.com · MLS #MRD12690722 · Status: Active
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.
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Property details

Interior

Appliances
Double Oven, Range, Microwave, Dishwasher, High End Refrigerator, Bar Fridge, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Cooktop
Interior features
Vaulted Ceiling(s), High Ceilings, Special Millwork
Flooring
Hardwood, Laminate, Carpet
Fireplaces
1
Fireplace details
Gas Log, Gas Starter
Basement
Finished, 8 ft + pour, Concrete, Storage Space, Full
Laundry
In Unit
Additional rooms
Bedroom 5, Eating Area, Den, Recreation Room, Play Room, Foyer, Storage, Walk In Closet, Other Room
Total rooms
13

Building & exterior

Style
Colonial
Age
26-30 Years
Exterior
Vinyl Siding, Brick
Exterior features
Balcony, Lighting
Roof
Asphalt
Foundation
Concrete Perimeter
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)
Patio & porch
Patio
Exposure
East

Parking

Garage spaces
3
Total spaces
3
Parking details
Asphalt, Garage Door Opener, Yes, Garage Owned, Attached, Garage

Lot & location

Lot dimensions
140X86
Lot description
Landscaped, Wooded, Mature Trees
Township
Warren
County
Lake

Utilities

Heating
Natural Gas
Cooling
Central Air
Water
Public
Sewer
Public Sewer

HOA & community

Assessment includes
None
Community features
Park, Curbs, Gated, Sidewalks, Street Lights, Street Paved

Schools

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

Taxes & terms

Annual taxes
$15,474 (2025)
Parcel number (PIN)
07192120290000
PIN
07192120290000
Ownership
Fee Simple
Possession
Closing
Special conditions
None
Listed
7/28/2026

Rooms

RoomSizeLevelFlooring
Bedroom 513X11Basement
Eating Area8X17Main
Den11X12MainCarpet
Recreation Room21X25BasementCarpet
Play Room17X11MainCarpet
Foyer13X29MainHardwood
Storage10X16BasementOther
Walk In Closet5X9SecondCarpet
Bar/Entertainment10X11Basement
Other Room11X12BasementOther
Bedroom 211X16SecondCarpet
Bedroom 312X14SecondCarpet
Bedroom 412X17SecondCarpet
Dining Room14X10MainHardwood
Family Room35X17MainHardwood
Kitchen10X17Main
Laundry6X12MainVinyl
Living Room13X16MainHardwood
Master Bedroom17X25SecondCarpet

What would this home cost per month?

Using this listing's actual tax bill (2025) — 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

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