Bright, well-maintained, and full of potential, this sun-splashed ranch sits on a fabulous corner lot in one of Deerfield's most walkable locations. Just blocks from downtown, top-rated elementary schools, and Deerspring Pool, the home offers convenience, charm, and long-term value. Inside, hardwood floors run throughout the main living areas, and oversized windows invite natural light all day long. The easy, single-level layout includes an open living/dining room for effortless entertaining, a functional kitchen with great storage and flow, and three comfortable bedrooms. Outside, the corner lot offers plenty of green space and standout curb appeal. Welcome home!
Closed
$470,000
505 Margate Ter, Deerfield, IL 60015
3beds
1,540sqft
Single Family Residence
Built in 1948
8,775 Square Feet Lot
$482,200 Zestimate®
$305/sqft
$3,469 Estimated rent
Home value
$482,200
$434,000 - $535,000
$3,469/mo
Zestimate® history
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List your homeWhat's special
Three comfortable bedroomsOversized windowsStandout curb appealCorner lotFunctional kitchenPlenty of green spaceHardwood floors
Zillow last checked:
Listing updated:
Listing courtesy of:
Jason Merel (312)217-6930,
eXp Realty,
Joshua Black 224-515-6436,
eXp Realty
Bought with:
Nikita Nakanishi
Kale Realty
Source: MRED as distributed by MLS GRID,MLS#: 12446193
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Primary bedroom
- Features: Bathroom (Full)
- Level: Main
- Area: 1 Square Feet
- Dimensions: 1X1
Bedroom 2
- Level: Main
- Area: 1 Square Feet
- Dimensions: 1X1
Bedroom 3
- Level: Main
- Area: 1 Square Feet
- Dimensions: 1X1
Dining room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 1 Square Feet
- Dimensions: 1X1
Family room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 1 Square Feet
- Dimensions: 1X1
Kitchen
- Features: Flooring (Other)
- Level: Main
- Area: 1 Square Feet
- Dimensions: 1X1
Laundry
- Level: Main
- Area: 1 Square Feet
- Dimensions: 1X1
Living room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 1 Square Feet
- Dimensions: 1X1
Heating
- Natural Gas
Cooling
- Central Air
Features
- Basement: None
Interior area
- Total structure area: 0
- Total interior livable area: 1,540 sqft
Property
Parking
- Total spaces: 2
- Parking features: Yes, Attached, Garage
- Attached garage spaces: 2
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 1
Lot
- Size: 8,775 sqft
- Dimensions: 65 X 135
Details
- Parcel number: 16283180010000
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1948
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & neighborhood
Location
- Region: Deerfield
HOA & financial
HOA
- Services included: None
Other
Other facts
- Listing terms: Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 11/25/2025 | Sold | $470,000-6.9%$305/sqft |
Source:  MRED as distributed by MLS GRID #12446193 Report a problem | ||
| 10/24/2025 | Contingent | $505,000$328/sqft |
Source: MRED as distributed by MLS GRID #12446193 Report a problem | ||
| 8/14/2025 | Listed for sale | $505,000-53%$328/sqft |
Source: MRED as distributed by MLS GRID #12446193 Report a problem | ||
| 5/22/2025 | Listing removed | $2,775$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/20/2025 | Listed for rent | $2,775+11%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/1/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 1/1/2021 | Listed for rent | $2,500$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 2/8/2020 | Listing removed | $2,500$2/sqft |
Source: TurboTenant Report a problem | ||
| 1/15/2020 | Listed for rent | $2,500+4.2%$2/sqft |
Source: TurboTenant Report a problem | ||
| 3/13/2019 | Listing removed | $2,400$2/sqft |
Source: www.turbotenant.com Report a problem | ||
| 9/19/2018 | Listed for rent | $2,400+14.3%$2/sqft |
Source: www.turbotenant.com Report a problem | ||
| 12/1/2017 | Listing removed | $1,075,000$698/sqft |
Source: Michael Stone Realty #09765288 Report a problem | ||
| 9/30/2017 | Price change | $1,075,000+2.9%$698/sqft |
Source: Michael Stone Realty #09765288 Report a problem | ||
| 6/16/2017 | Price change | $1,045,000-1.9%$679/sqft |
Source: Michael Stone Realty #09636688 Report a problem | ||
| 6/9/2017 | Price change | $1,065,000-0.4%$692/sqft |
Source: Michael Stone Realty #09636688 Report a problem | ||
| 5/24/2017 | Price change | $1,069,000+1.9%$694/sqft |
Source: Michael Stone Realty #09636688 Report a problem | ||
| 1/21/2017 | Price change | $1,049,000-2.4%$681/sqft |
Source: Michael Stone Realty #09382558 Report a problem | ||
| 11/4/2016 | Listed for sale | $1,075,000$698/sqft |
Source: Michael Stone Realty #09382558 Report a problem | ||
| 10/1/2016 | Listing removed | $1,075,000$698/sqft |
Source: Michael Stone Realty #09243871 Report a problem | ||
| 6/1/2016 | Listed for sale | $1,075,000$698/sqft |
Source: Michael Stone Realty #09243871 Report a problem | ||
| 5/1/2016 | Listing removed | $1,075,000$698/sqft |
Source: Michael Stone Realty #09105347 Report a problem | ||
| 3/22/2016 | Price change | $1,075,000-0.5%$698/sqft |
Source: Michael Stone Realty #09105347 Report a problem | ||
| 12/23/2015 | Price change | $1,080,000-1.4%$701/sqft |
Source: Michael Stone Realty #09105347 Report a problem | ||
| 11/6/2015 | Price change | $1,095,000-0.4%$711/sqft |
Source: Michael Stone Realty #09052859 Report a problem | ||
| 10/9/2015 | Listed for sale | $1,099,000+292.5%$714/sqft |
Source: Michael Stone Realty #09052859 Report a problem | ||
| 12/22/2014 | Listing removed | $2,100$1/sqft |
Source: Owner Report a problem | ||
| 9/5/2014 | Sold | $280,000$182/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,909 +2.1% | $129,014 +9% |
| 2023 | $10,685 +14.5% | $118,325 +4.2% |
| 2022 | $9,330 +5.9% | $113,556 +15.3% |
| 2021 | $8,812 +4% | $98,485 +3.5% |
| 2020 | $8,475 +2.3% | $95,152 +0.2% |
| 2019 | $8,280 -18.4% | $94,990 -1.7% |
| 2018 | $10,153 | $96,657 -20.7% |
| 2017 | $10,153 +4.6% | $121,886 +3.9% |
| 2016 | $9,707 +34.8% | $117,277 +6.4% |
| 2015 | $7,201 +3% | $110,192 +23.4% |
| 2014 | $6,990 +0.8% | $89,291 +0.9% |
| 2012 | $6,932 +2.2% | $88,503 -6.8% |
| 2011 | $6,780 -20.2% | $94,957 -26.9% |
| 2010 | $8,498 +4.8% | $129,834 -5.6% |
| 2009 | $8,109 +1.4% | $137,565 -2.3% |
| 2008 | $8,000 +7.3% | $140,732 -0.2% |
| 2006 | $7,459 +7.6% | $141,075 |
| 2005 | $6,935 +7.1% | -- |
| 2004 | $6,476 +125.7% | -- |
| 2003 | $2,869 -48.4% | -- |
| 2002 | $5,562 +7.1% | -- |
| 2001 | $5,196 +3.9% | $81,135 +6.4% |
| 2000 | $5,002 | $76,261 |
Find assessor info on the county website
Neighborhood: 60015
Nearby schools
GreatSchools rating
- 9/10Kipling Elementary SchoolGrades: K-5Distance: 0.3 mi
- 8/10Alan B Shepard Middle SchoolGrades: 6-8Distance: 0.8 mi
- 10/10Deerfield High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Kipling Elementary School
- Middle: Alan B Shepard Middle School
- High: Deerfield High School
- District: 109
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$482,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$482,200
- Illinois
- Lake County
- Deerfield
- 60015
- 505 Margate Ter
Nearby cities
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