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Welcome to Three Fountains on the Lake, one of Rolling Meadows' most desirable condominium communities. This spacious and beautifully maintained two-bedroom, two-bath residence features the community's largest two-bedroom floor plan, offering an exceptional combination of comfort and functionality. The bright and inviting living room is filled with natural light and features sliding glass doors that open to a private balcony, creating the perfect setting for morning coffee, outdoor relaxation, or entertaining guests. The well-appointed kitchen offers abundant brown cabinetry, generous counter space, and a comfortable breakfast area. A separate dining room provides additional space for everyday meals and special gatherings. The generously sized primary suite features a walk-in closet and a stylishly updated private bathroom. The spacious second bedroom offers excellent flexibility for family, guests, or a home office, with another updated full bathroom conveniently located directly across the hall. Additional conveniences include one assigned parking space in the heated underground garage,(48) private storage(7), and additional parking for residents and guests. HOA dues include gas, heat, and water, providing outstanding value and added peace of mind. Residents of Three Fountains on the Lake enjoy an impressive selection of community amenities, including an in-ground swimming pool, tennis courts, a clubhouse, and beautifully maintained surroundings. The property is conveniently located near Route 53, I-90, shopping, dining, parks, Busse Woods, Woodfield Mall, and numerous recreational opportunities. Experience the space, comfort, amenities, and convenience that make Three Fountains on the Lake such a sought-after community.EV charger installation possible; wiring from the unit's electrical panel required.

Highlights

  • Residential
  • Condominium
  • Built in 1972
  • $545/mo HOA
  • Waterfront
  • 1 Car Garage
  • 7 days on Market

  • Bedrooms
    2
  • Bathrooms
    2
  • Year Built
    1972
  • Stories
    2.0
  • Construction Materials
    Brick
  • Foundation
    Concrete Perimeter
  • Garage Spaces
    1.0
  • Parking Features
    Attached, Garage Door Opener, Asphalt, Garage, Heated Garage
  • Interior Features
    Walk-In Closet(s), Storage, Elevator
  • Appliances
    Dishwasher, Refrigerator, Range, Disposal, Range Hood, Stainless Steel Appliance(s)
  • Exterior Features
    Balcony
  • Cooling
    Ceiling Fan(s), Central Air
  • Heating
    Forced Air
  • Basement
    None

  • Lot Features
    Landscaped
  • Water Front
    Yes
  • View
    Water
  • Utilities
    Cable Available
  • Water
    Public

  • Area
    Rolling Meadows
  • County
    Cook
  • City
    Rolling Meadows
  • Neighborhood
    Three Fountains on the Lake
  • Zip Code
    60008
  • High School
    Rolling Meadows High School
  • Middle School
    Carl Sandburg Middle School
  • Elementary School
    Willow Bend Elementary School

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Frequently Asked Questions

How do I schedule a tour of 5501 Carriageway Dr #313 A?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 5501 Carriageway Dr #313 A.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 5501 Carriageway Dr #313 A?

Click Ask a Question to talk with our team. You already know it is a 2 bed, 2 bath, listed for $239,000. We can talk through recent upgrades, potential seller motivation, how this condominium compares to others in Rolling Meadows, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 5501 Carriageway Dr #313 A?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 5501 Carriageway Dr #313 A at around $1,673. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 5501 Carriageway Dr #313 A?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Cook County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 5501 Carriageway Dr #313 A?

In most cases, yes. Whether 5501 Carriageway Dr #313 A is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Rolling Meadows's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 5501 Carriageway Dr #313 A?

We can handle that for you. Our preferred local agent specializes in residentials in Rolling Meadows and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

5501 Carriageway Dr #313 A was listed on November 02, 2026, which means it's been on the market for 7 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1972, making it approximately 54 years old.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Willow Bend Elementary School
  • Middle: Carl Sandburg Middle School
  • High: Rolling Meadows High School

Want to see how these schools compare? Check out our Cook County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 5501 Carriageway Dr #313 A?

The most recent public record shows annual property taxes for 5501 Carriageway Dr #313 A were approximately $3,750. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $545 paid monthly.

This covers access to community features including: Clubhouse, Pool, Storage, Tennis Court(s), Party Room, Laundry, Coin Laundry.

Is 5501 Carriageway Dr #313 A still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.

Last Updated: November 09, 2026 at 07:00AM | Source: Midwest Real Estate Data (MRED) | MLS#: 12799843