1845 Watercolor Pl, Grayslake, IL, 60030
About This Home
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.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2005
Materials
- Construction materials: Vinyl Siding
Type & Style
- Home type: Townhouse
- Property subType: Townhouse,Single Family Residence
Interior
Basement
- Basement: None
Bedroom2
- Level: Second
- Area: 144
- Dimensions: 12X12
Bedroom3
- Level: Second
- Area: 140
- Dimensions: 14X10
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Den
- Level: Second
- Area: 110
- Dimensions: 11X10
Dining Room
- Level: Main
- Area: 247
- Dimensions: 19X13
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 0
- Total interior livable area: 2,667 sqft
Kitchen
- Level: Main
- Area: 144
- Dimensions: 12X12
Laundry
- Level: Main
- Area: 84
- Dimensions: 12X7
Living Room
- Level: Main
- Area: 285
- Dimensions: 19X15
Master Bedroom
- Features: Bathroom (Full)
- Level: Second
- Area: 308
- Dimensions: 22X14
Office
- Level: Main
- Area: 132
- Dimensions: 12X11
Property
Accessibility
- Accessibility features: No Disability Access
Details
- Parcel number: 07301020450000
- Special condition: None
Features
- Has view: Yes
- View description: Side(s) of Property
- Has water view: Yes
- Water view: Side(s) of Property
- On waterfront: Yes
Lot
- Lot size: 3,838 sqft
- Lot size dimensions: 101x38
Parking
- Total spaces: 2
- Parking features: Garage Door Opener,Yes,Garage Owned,Attached,Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- 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
- Tornado
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Illinois Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,972 | $23,664 |
| Home Insurance * | $183 | $2,196 |
| Property Taxes | $734 | $8,808 |
| Electricity | $205 | $2,461 |
| Total | $3,094 | $37,128 |
Income You'd Need if You Spent...
Illinois FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-18 | Contingent | $390,000 |
| 2026-08-03 | Price change | $390,000 |
| 2026-07-02 | Listed for sale | $399,000 |
| 2026-06-11 | Contingent | $399,000 |
| 2026-06-01 | Listed for sale | $399,000 |
| 2014-03-03 | Sold | $244,000 |
| 2013-12-06 | Sold | $143,000 |
| 2012-07-15 | Listing removed | $179,900 |
| 2012-03-14 | Price change | $179,900 |
| 2011-12-02 | Price change | $199,900 |
| 2011-11-29 | Price change | $199,000 |
| 2011-10-19 | Price change | $219,000 |
| 2011-10-14 | Listed for sale | $249,000 |
| 2008-04-21 | Sold | $350,000 |
View on Zillow