See Home Value
$521,000
● House - Off Market

500 Prescott Lane

Gurnee, IL 60031
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,467 Ft²
$2,621
Est. Monthly
$23
HOA / Fees
8.11%
Cap Rate

About This Property

Welcome to the highly sought after Timberwoods community! This stunning 4 bedroom, 2.5 bathroom home is nestled on tree-lined Prescott Ln, just steps away from Woodland Middle School and Timberwoods Park. Step inside and enjoy the open floor plan, featuring hardwood floors, a cozy fireplace, a separate dining room, a gourmet kitchen with newer Bosch stainless steel appliances, and a spacious breakfast nook with exterior access to the oversized backyard deck. Perfect for your next BBQ! The main level also includes an office/den, making work from home a breeze. Upstairs, you will find a spacious primary ensuite, another full bathroom, and 3 additional bedrooms. The finished basement is offers additional storage and more living space, ideal for a fitness center, game room, home theater, or playroom. The professionally landscaped, oversized yard is equipped with an irrigation system, along with a fully fenced in back yard, perfect for your furry friends. Schedule your showing today!!
Unit Size
3,467 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$153
Property Type
House
Property Taxes
-
HOA Dues
$23
Year Built
2001

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Cap Rate Calculator

Last updated: 2 years ago (MRED MLS #12170453)

Price History

Date / Event Date Event Price
Nov 7, 2024 Sold
Sold
Oct 1, 2024 In contract -
In contract
Sep 23, 2024 Listed by Real Broker LLC $529,000
Listed by Real Broker LLC
Jul 30, 2017 Listed $367,000
Listed
Lots of living space in this expanded Birch model in Timberwoods! Beautiful lot next to pond with lush landscaping! Pristine condition & neutral decor throughout! 2 story foyer! Hardwood floors on main level! Spacious living room with fireplace! Sun-soaked family room opens to big kitchen with large center island and double oven! 1st floor office! Master suite with vaulted ceiling, huge walk in closet and private bath with dual sinks, soaking tub and separate shower! Walk in closet in 2nd bedroom too! Full partially finished basement offers rec room and tons of storage! Large deck to relax plus a covered front porch! New siding, roof & gutters 2016! The manager has listed the unit size as 3087 square feet.

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,353
  • Garage Type: 1
  • Garage Square Area: 546
  • Parking Space Count: 2
  • Patio Type: 3
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,611
  • Total Building Area: 4,866
  • Gross Building Area: 4,866
  • Building Area: 2,967
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,967
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIMBERWOODS UNIT 3
  • Land Acres: 0000000244
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: TIMBERWOODS UNIT 3; LOT 153

Neighborhood

  • School District Name: Warren Township High School District 121
  • Census Tract: 861611

Geography

  • Assessors Map Reference: 2477-A7
  • District: WARREN
  • Parcel: 07-19-212-036
  • Lot: 153
  • Municipality: TWP OF WARREN
  • Latitude: 42.3669
  • Longitude: -87.9842

    Address

  • Full Address: 500 Prescott Ln
  • Legal Unit: 3
  • Address - House Number: 500
  • Address - Street Name: Prescott
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Gurnee
  • Carrier Code: R009
  • 4-Digit Zip Code: 5313
  • Zip Code: 60031

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 8029

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 508,401
  • High Value: 589,618
  • Low Value: 427,184

    Market Valuation

  • Market Total Value: $443,571
  • Market Land Value: $68,221
  • Market Improvement Value: $375,350

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $147,842
  • Assessed Land Value: $22,738
  • Assessed Improvements Value: $125,104

    Sales

  • Current Sale Contract Date: Jul 27, 2021
  • Current Sale Recording Date: Nov 15, 2021
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 7844039
  • Previous Sale Recording Date: Aug 15, 2001
  • Previous Sale Contract Date: Aug 01, 2001
  • Previous Sale Amount: $365,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Timberwoods


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Nearby Rentals

Unit for rent at 33451 N Sears Boulevard, Grayslake, IL, 60030

$3,750 /mo

  • 4 Beds
  • 2 Baths
  • 2,598 ft²
33451 N Sears Boulevard, Grayslake, IL, 60030 Listing by Kathleen Bak


Frequently Asked Questions

When was property at 500 Prescott Lane built and last sold?
The property at 500 Prescott Lane was built in 2001 and last sold on Jul 27, 2021 for $425,000.
How much is this home worth?
The estimated value of the home located at 500 Prescott Lane is $539,173.
What are some comparable homes to 500 Prescott Lane?
There are currently no comparable homes to 500 Prescott Lane.