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  3. Rolling Meadows, IL
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  5. Three Fountains On The Lake
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Three Fountains On The Lake

5501 Carriageway Drive, Rolling Meadows, IL, 60008 |Three Fountains on the Lake

YEAR BUILT

1975

# STORIES

3

# TOTAL UNITS

26

UNIT SIZE RANGE

2,150-2,250 sqft

Description

Three Fountains On The Lake is located at 5501 Carriageway Drive in Rolling Meadows. This low-rise building has three stories and holds 26 units. Built in 1975, it has a welcoming feel that blends well with the neighborhood. The units range in size from 2,150 to 2,250 square feet. Prices for these units span from $240,000 to $250,000. The average closed price over the last 12 months is about $234,125. That comes to roughly $187 per square foot based on recent sales. Average days on market for the building sits at 77 days, allowing buyers time to consider options. This gives a fair window for potential deals. Nearby, you'll find several businesses like Dpl for groceries and Marr Chicago Pizza for dining. The amenities add significant value to living here. Residents enjoy access to an in-ground pool, tennis courts, and a clubhouse. There’s also private laundry hookup, elevators, and a sauna for relaxation. The views of the waterfront enhance the living experience. Living in this building allows for a laid-back lifestyle. The area offers both comfort and a great sense of community. It’s conveniently located for anyone who enjoys outdoor activities, with water views easily accessible. Overall, Three Fountains On The Lake stands out as a solid choice in a friendly neighborhood. Its features and amenities make it appealing to different buyers. The mix of comfort, community, and close access to local businesses creates a welcoming place to call home.

Building ImageMLS ID #12344355
Building ImageMLS ID #12344355
Building Image
Building ImageView Listing

Three Fountains On The Lake

5501 Carriageway Drive, Rolling Meadows, IL, 60008

|Three Fountains on the Lake

YEAR BUILT

1975

# STORIES

3

# TOTAL UNITS

26

UNIT SIZE RANGE

2,150-2,250 sqft

Description

Three Fountains On The Lake is located at 5501 Carriageway Drive in Rolling Meadows. This low-rise building has three stories and holds 26 units. Built in 1975, it has a welcoming feel that blends well with the neighborhood. The units range in size from 2,150 to 2,250 square feet. Prices for these units span from $240,000 to $250,000. The average closed price over the last 12 months is about $234,125. That comes to roughly $187 per square foot based on recent sales. Average days on market for the building sits at 77 days, allowing buyers time to consider options. This gives a fair window for potential deals. Nearby, you'll find several businesses like Dpl for groceries and Marr Chicago Pizza for dining. The amenities add significant value to living here. Residents enjoy access to an in-ground pool, tennis courts, and a clubhouse. There’s also private laundry hookup, elevators, and a sauna for relaxation. The views of the waterfront enhance the living experience. Living in this building allows for a laid-back lifestyle. The area offers both comfort and a great sense of community. It’s conveniently located for anyone who enjoys outdoor activities, with water views easily accessible. Overall, Three Fountains On The Lake stands out as a solid choice in a friendly neighborhood. Its features and amenities make it appealing to different buyers. The mix of comfort, community, and close access to local businesses creates a welcoming place to call home.

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Description

Three Fountains On The Lake is located at 5501 Carriageway Drive in Rolling Meadows. This low-rise building has three stories and holds 26 units. Built in 1975, it has a welcoming feel that blends well with the neighborhood. The units range in size from 2,150 to 2,250 square feet. Prices for these units span from $240,000 to $250,000. The average closed price over the last 12 months is about $234,125. That comes to roughly $187 per square foot based on recent sales. Average days on market for the building sits at 77 days, allowing buyers time to consider options. This gives a fair window for potential deals. Nearby, you'll find several businesses like Dpl for groceries and Marr Chicago Pizza for dining. The amenities add significant value to living here. Residents enjoy access to an in-ground pool, tennis courts, and a clubhouse. There’s also private laundry hookup, elevators, and a sauna for relaxation. The views of the waterfront enhance the living experience. Living in this building allows for a laid-back lifestyle. The area offers both comfort and a great sense of community. It’s conveniently located for anyone who enjoys outdoor activities, with water views easily accessible. Overall, Three Fountains On The Lake stands out as a solid choice in a friendly neighborhood. Its features and amenities make it appealing to different buyers. The mix of comfort, community, and close access to local businesses creates a welcoming place to call home.

Three Fountains On The Lake Market Stats Last 12 months

Avg. Listed Price$237,500($189/Sqft.)

Avg. Sale Price$234,125($187/Sqft.)
Year over year list price0.00%

Year over year sale price 0.00%
Total Listings2 Listed

Total sold2 Sold
Average Days on Market77 days

Average HOA fees per sqft$2 /monthly
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Market Stats

Year over year list price0.00%

Year over year sale price0.00%
Total Listings2 Listed

Total sold2 Sold
Average Days on Market77 days

Average HOA fees per sqft$2 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Low
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

Low
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

Three Fountains On The Lake Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 202A202A122022832025-07-14
MLS#: 12344355
Closed$228,250
Unit 208A208A120022582025-06-27
MLS#: 12350572
Closed$245,000
Unit 306A306A130022572025-05-05
MLS#: 12283760
Closed$240,000
Unit 202A
202A

2 Beds

2 Baths

1220 sqft


DateStatusPrice
2025-07-14Closed$228,250
MLS#: 12344355
Days On Market83
Unit 208A
208A

2 Beds

2 Baths

1200 sqft


DateStatusPrice
2025-06-27Closed$245,000
MLS#: 12350572
Days On Market58
Unit 306A
306A

2 Beds

2 Baths

1300 sqft


DateStatusPrice
2025-05-05Closed$240,000
MLS#: 12283760
Days On Market57
View Complete Unit Listing HistorySource By: MRED

Amenities

Living in Three Fountains On The Lake comes with an array of amenities you’ll absolutely love! Picture yourself cooling off in the refreshing in-ground pool on a hot summer day or hosting friends for a fun gathering in the clubhouse or party room. Fitness enthusiasts can enjoy the tennis courts or unwind in the sauna after a long day. Additionally, you’ll benefit from the convenience of on-site laundry facilities and private laundry hookups in your unit. And for those tranquil moments, many units offer beautiful water views.

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Amenities Description

Living in Three Fountains On The Lake comes with an array of amenities you’ll absolutely love! Picture yourself cooling off in the refreshing in-ground pool on a hot summer day or hosting friends for a fun gathering in the clubhouse or party room. Fitness enthusiasts can enjoy the tennis courts or unwind in the sauna after a long day. Additionally, you’ll benefit from the convenience of on-site laundry facilities and private laundry hookups in your unit. And for those tranquil moments, many units offer beautiful water views.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Check Icon
Central AC
Central AC
Pool
Pool
Check Icon
Fitness Center
Fitness Center
-
Visitors Parking
Visitors Parking
Next

Amenities

Water View

Water View

Elevator(s)

Elevator(s)

Pool

Pool

In Ground Pool

In Ground Pool

Security Door Lock(s)

Security Door Lock(s)

Laundry

Laundry

Coin Laundry

Coin Laundry

Private Laundry Hkup

Private Laundry Hkup

Tennis Court(s)

Tennis Court(s)

Patio

Patio

Sauna

Sauna

Clubhouse

Clubhouse

Party Room

Party Room

Storage

Storage

Service Elevator(s)

Service Elevator(s)

Balcony

Balcony

Policies

Pets are welcome here! If you’re a proud cat or dog owner, you’ll be pleased to know that furry friends are allowed, adding to the homey feel of the community. However, keep in mind that there may be some restrictions on the number of pets you can have.

Pet Allowed
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
Three Fountains On The Lake$187/sqft.$2 /sqft.
5501 Carriageway Dr$193/sqft.$2 /sqft.
5400 Carriage Way Dr$187/sqft.$3 /sqft.
Carriage Way Court$198/sqft.$3 /sqft.
Carriage Way$200/sqft.$2 /sqft.
5201 Carriageway Dr$200/sqft.$2 /sqft.

Nearby Schools

Discover top-rated schools located close to Three Fountains On The Lake.

Willow Bend Elementary School

B
Public|Grades PK–6
4700 Barker Ave|0.67 miles away

Rolling Meadows High School

B+
Public|Grades 9–12
2901 Central Rd|0.78 miles away

John G Conyers Learning Academy

--
Public|Grades PK–8
2800 Central Rd|1.06 miles away

St Colette Catholic School

--
Private|Grades PK–8
3900 Meadow Dr|1.18 miles away

St Colette School

--
Private|Grades PK–8
3900 Pheasant Dr|1.2 miles away

Central Road Elementary School

C+
Public|Grades PK–6
3800 Central Rd|1.28 miles away
Next

Schools

Willow Bend Elementary School

B
Public|Grades PK–6
4700 Barker Ave|Less than 1 Mile Away

Rolling Meadows High School

B+
Public|Grades 9–12
2901 Central Rd|Less than 1 Mile Away

John G Conyers Learning Academy

--
Public|Grades PK–8
2800 Central Rd|1.06 Miles Away

St Colette Catholic School

--
Private|Grades PK–8
3900 Meadow Dr|1.18 Miles Away

St Colette School

--
Private|Grades PK–8
3900 Pheasant Dr|1.20 Miles Away

Central Road Elementary School

C+
Public|Grades PK–6
3800 Central Rd|1.28 Miles Away

Carl Sandburg Jr High School

D
Public|Grades 7–8
2600 Martin Ln|1.66 Miles Away

Juliette Low Elementary School

C+
Public|Grades KG–5
1530 S Highland Av...|1.84 Miles Away

Westgate Elementary School

B-
Public|Grades KG–5
500 S Dwyer Ave|2.12 Miles Away

Kimball Hill Elementary School

C
Public|Grades PK–6
2905 Meadow Dr|2.18 Miles Away

Sigwalt Cls Center

--
Public|Grades 12–12
2702 Sigwalt St|2.45 Miles Away

South Middle School

A-
Public|Grades 6–8
400 S Highland Ave|2.68 Miles Away

Transit

Experience convenience and connectivity with premium transit options just moments away.

2550 W Golf Rd

0.52 miles away|10 min walk

2550 Golf Rd

0.54 miles away|11 min walk

2900 Golf Rd

0.56 miles away|11 min walk

Golf Rd & Ring Rd

0.83 miles away|16 min walk

Golf Rd & New Wilke Rd (NW)

0.87 miles away|17 min walk

Golf Rd & New Wilke Rd

0.95 miles away|19 min walk
Next

Transit

2550 W Golf Rd

0.52 miles away|10 min walk

2550 Golf Rd

0.54 miles away|11 min walk

2900 Golf Rd

0.56 miles away|11 min walk

Golf Rd & Ring Rd

0.83 miles away|16 min walk

Golf Rd & New Wilke Rd (NW)

0.87 miles away|17 min walk

Golf Rd & New Wilke Rd

0.95 miles away|19 min walk

Frontage Rd & Golf Rd

1.13 miles away|22 min walk

1450 W Golf Rd

1.17 miles away|23 min walk

1460 Golf Rd

1.19 miles away|23 min walk

Golf Rd & Meijer Dr

1.35 miles away|26 min walk

1900 E Golf

1.36 miles away|27 min walk

Golf Rd & Algonquin Rd

1.39 miles away|27 min walk

Perimeter Dr & Access Rd/East Dr

1.51 miles away|29 min walk

IKEA

1.52 miles away|30 min walk

Access Dr/East Dr & Perimeter Dr

1.54 miles away|30 min walk

Golf Rd & Fernandez Ave

1.67 miles away|32 min walk

Algonquin Rd & Meijer Dr

1.74 miles away|34 min walk

519 W Algonquin Rd

1.91 miles away|37 min walk

Pace HQ (550 W Algonquin Rd)

1.96 miles away|38 min walk

Perimeter Dr & West Dr

1.98 miles away|38 min walk

Schaumburg Convention Center

2 miles away|39 min walk

Golf Rd & Milbrook Ln

2 miles away|39 min walk

Golf Rd & West Dr

2.03 miles away|39 min walk

1111 Plaza Dr

2.11 miles away|41 min walk

Northwest Transportation Center

2.12 miles away|41 min walk

Meacham Rd & McConnor Pkwy/Tower Rd

2.13 miles away|41 min walk

61 W Golf Rd

2.15 miles away|42 min walk

Mall Dr & Woodfield Rd

2.16 miles away|42 min walk

Golf Rd & Meacham Rd

2.16 miles away|42 min walk

Meacham Rd & Tower Rd/McConnor Pkwy

2.16 miles away|42 min walk

Meacham Rd & Thoreau Dr/Zurich Way

2.19 miles away|42 min walk

Golf Rd & Arlington Heights Rd

2.19 miles away|42 min walk

601 N Martingale Rd

2.19 miles away|42 min walk

Plaza Dr & American Ln

2.19 miles away|43 min walk

Meacham Rd & Zurich Way/Thoreau Dr

2.2 miles away|43 min walk

Meacham Rd & Golf Rd

2.2 miles away|43 min walk

Meacham Rd & Drummer Dr/Progress Pkwy

2.2 miles away|43 min walk

Meacham Rd & Progress Pkwy/Drummer Dr

2.22 miles away|43 min walk

Algonquin Rd & Reserve Dr

2.24 miles away|43 min walk

Kimberly Dr & Mall Dr

2.28 miles away|44 min walk

Plaza Dr & 1400 American Ln

2.29 miles away|44 min walk

Meacham Rd & American Ln

2.33 miles away|45 min walk

Martingale Rd & Camellia Ln

2.36 miles away|46 min walk

Algonquin Rd & Arlington Heights Rd

2.38 miles away|46 min walk

372 E Golf Rd

2.41 miles away|47 min walk

45 E Golf Rd

2.48 miles away|48 min walk

Martingale Rd & Corporate Crossing Rd

2.54 miles away|49 min walk

Golf Rd & National Pkwy

2.56 miles away|50 min walk

300 N Martingale Rd

2.57 miles away|50 min walk

Algonquin Rd & Tonne Dr

2.67 miles away|52 min walk

The Neighbourhood: Three Fountains On The Lake

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Three Fountains On The Lake Demographics

Age Demographics

0–14 Years

19.65%

15–29 Years

18.12%

30–44 Years

23.11%

45–59 Years

20.61%

60+ Years

18.52%

Commute

2.23%

Transit

4.4%

Walk

87.01%

Drive

1.29%

Bike

Housing Ownership

59.89%

Owner Occupied

40.11%

Rental Units

Household Types

Single Family
27.32%
Multi Family
9.57%
Single Person
33.07%
Multi Person
66.93%

Average Income

Household:$6,438,967.25 /yr

Individual:$3,694,044.54 /yr

Education

Bachelors Degree21.9%
High School College19.89%
Diploma4.7%
Post Graduate12.95%
Others40.55%
Next

Education

Diploma4.7%
Post Graduate12.95%
Others40.55%
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    Three Fountains On The Lake
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