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1503 S Elizabeth Ln, Round Lake, IL, 60073

5beds
4baths
4,078sqft
$490,000
$120price/sqft
$3,964/moest. monthly cost
$158,560/yrincome needed

About This Home

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.

Getting Around

22
WalkingCar-Dependent
0
TransitVery Limited Transit
51
BikeBikeable

Schools

8/10
Park East SchoolGrades K-40.6 mi
6/10
Park West SchoolGrades 5-80.6 mi
9/10

Construction

Condition

  • Year built: 2004

Materials

  • Foundation: Concrete Perimeter
  • Roof: Asphalt
  • Construction materials: Brick

Other

  • Builder model: MANCHESTER

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal
  • Laundry features: In Unit

Basement

  • Has basement: Yes
  • Basement: Finished,Full,Daylight

Bedroom2

  • Features: Flooring (Carpet)
  • Level: Second
  • Area: 182
  • Dimensions: 14X13

Bedroom3

  • Features: Flooring (Carpet)
  • Level: Second
  • Area: 168
  • Dimensions: 14X12

Bedroom4

  • Features: Flooring (Carpet)
  • Level: Second
  • Area: 144
  • Dimensions: 12X12

Bedroom5

  • Level: Basement
  • Area: 132
  • Dimensions: 12X11

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Den

  • Features: Flooring (Carpet)
  • Level: Main
  • Area: 132
  • Dimensions: 12X11

Dining Room

  • Features: Flooring (Hardwood)
  • Level: Main
  • Area: 165
  • Dimensions: 15X11

Family Room

  • Features: Flooring (Hardwood)
  • Level: Main
  • Area: 252
  • Dimensions: 18X14

Features

  • Attic: Unfinished

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 0
  • Total interior livable area: 4,078 sqft

Kitchen

  • Features: Kitchen (Eating Area-Table Space,Pantry-Closet),Flooring (Hardwood)
  • Level: Main
  • Area: 400
  • Dimensions: 25X16

Laundry

  • Level: Second
  • Area: 70
  • Dimensions: 7X10

Living Room

  • Features: Flooring (Hardwood)
  • Level: Main
  • Area: 72
  • Dimensions: 6X12

Master Bedroom

  • Features: Flooring (Carpet),Bathroom (Full)
  • Level: Second
  • Area: 280
  • Dimensions: 20X14

Other

  • Level: Second
  • Area: 72
  • Dimensions: 6X12

Recreation Room

  • Features: Flooring (Carpet)
  • Level: Second
  • Area: 289
  • Dimensions: 17X17

Property

Accessibility

  • Accessibility features: No Disability Access

Details

  • Parcel number: 10054030010000
  • Special condition: None
  • Other equipment: Sump Pump

Features

  • Stories: 2
  • Patio & porch: Deck
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • Waterfront features: Pond

Lot

  • Lot size: 0.41 Acres
  • Features: Corner Lot,Irregular Lot
  • Lot size dimensions: 112X118X139X172

Parking

  • Total spaces: 3
  • Parking features: Asphalt,Garage Door Opener,Yes,Garage Owned,Attached,Garage
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Strong Wind
Tornado
Hail
Lightning
Tsunami

FEMA Declared Disasters Across Illinois Counties

Flood

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,477$29,724
Home Insurance *$252$3,024
Property Taxes $922$11,064
Electricity $313$3,763
Total$3,964$47,568
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$135,908/yr
40% on housing$118,920/yr
45% on housing$105,706/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.8%
12.8%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -1.0%
-1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$120This listing

vs Other Active Listings

Avg $/sqft

ZIP 60073$155
Lake County$238

vs Homes Sold Last Month

Median $/sqft

ZIP 60073$186
Lake County$214

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-19Price change$490,000
2026-07-14Listed for sale$505,000
2019-07-08Sold$276,000
2019-05-25Pending sale$279,000
2019-05-25Listed for sale$279,000
2019-05-21Pending sale$279,000
2019-05-03Listed for sale$279,000
2016-09-17Listing removed$285,000
2016-06-15Price change$285,000
2016-06-08Listed for sale$290,000
2008-11-24Sold$173,250
2005-10-27Sold$365,000
2004-09-20Sold$317,000

For Sale by Agent

AgentAngela Brown
BrokerageReal People Realty

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