Closed

$505,000

505 Margate Terrace, Deerfield, IL 60015
3 Beds2 Baths0 sqft70 days
505 Margate Terrace·Deerfield, IL 60015
3Bedrooms
2Bathrooms
0Sq Ft
1948Year Built
About This Home

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!

MLS# 12446193Listed August 14, 2025Residential
Property Details

Beds & Baths

Total Bedrooms3
Total Bathrooms2
Full Baths1
Half Baths1
Total Rooms7

Size & Structure

Living Area0 sqft
Garage Spaces2
Year Built1948
Lot Size65 X 135

Location

CountyLake
TownshipWest Deerfield
Zip Code60015

Financial

List Price$505,000
Annual Taxes (2023)$10,685
Monthly Tax Est.$890
Parcel #16283180010000
Interior Features

Heating

Natural Gas

Cooling

Central Air

Basement

None
Exterior & Lot

Construction

Brick

Roof

Asphalt
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

YesAttachedGarage
Schools
Elementary
Kipling Elementary School
District: 109
Middle School
Alan B Shepard Middle School
District: 109
High School
Deerfield High School
District: 112
Tax & Financial
Annual Taxes
$10,685
Tax Year 2023
Monthly Tax Est.
$890
per month
Property Location

505 Margate Terrace, Deerfield, IL 60015 — Lake County

$505,000
505 Margate Terrace
3 bd2 ba0 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
70 days on market
2-car garage
65 X 135
$10,685/yr taxes
$3,544
estimated monthly payment
Principal & Interest
$2,654/mo
Property Tax
$890/mo
$505,000
20% — $101,000
3%50%
6.875%
3%12%
Loan Amount
$404,000
Down Payment
$101,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
eXp Realty
Agent: Jason Merel
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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