505 Raef Rd
Downs, IL 61736
3 bd 3 ba 3,242 sqft Built 2021 Lot 10,019 sqft single_family
Most recent sale
$365,000
Dec 27, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 25, 2025 | Sold | $445,000 | MRED |
| Apr 23, 2025 | Listed | $449,900 | MRED |
| Mar 29, 2022 | Listing removed | $350,000 | MRED |
| Mar 18, 2022 | Price changed | $399,900 | MLS #11338574 |
| Mar 14, 2022 | Price changed | $405,000 | MLS #11338574 |
| Mar 4, 2022 | Listed | $415,000 | MLS #11338574 |
| Dec 27, 2021 | Sold | $365,000 | MLS #11281232 |
| Mar 11, 2020 | Listing removed | $66,000 | MRED |
| Jan 15, 2019 | Listed | $66,000 | MLS #10248543 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | $98,650 | $26,713 | $125,363 | $10,767 |
| 2022 | $92,542 | $25,059 | $117,601 | $10,102 |
| 2021 | — | $1,226 | $1,226 | $108 |
| 2020 | — | $1,226 | $1,226 | $108 |
| 2019 | — | $1,226 | $1,226 | $108 |
| 2018 | — | $1,216 | $1,216 | $107 |
| 2017 | — | $1,196 | $1,196 | $106 |
Property facts
Year built
2021
Property type
single_family
Stories
1
Beds
3
Baths
3
Living area
3,242 sqft
Lot size
10,019 sqft
ZIP code
61736
City
Downs
Street
Raef Rd
Coordinates
40.40269, -88.88292
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,190
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 505 Raef Rd last sell?
505 Raef Rd most recently sold on Dec 27, 2021 for $365,000.
What is the current tax assessment for 505 Raef Rd?
The most recent total assessment for 505 Raef Rd (year 2023) is $125,363 with $10,767 in property tax.
How does 505 Raef Rd's assessment compare to its last sale price?
The current assessment is 65.7% below the last sale price of $365,000.
When was 505 Raef Rd built?
505 Raef Rd was built in 2021.
How does 505 Raef Rd compare to others on Raef Rd?
We track 8 other properties on Raef Rd. Browse the list under "Other properties on Raef Rd" to compare beds, baths, and sale history.
What are the property facts for 505 Raef Rd?
505 Raef Rd is a 3 bed, 3 bath, 3,242 sqft, 10,019 sqft lot single_family.
Is 505 Raef Rd a flip candidate?
No — 505 Raef Rd does not appear in our flips dataset.
Is 505 Raef Rd a tax-appeal candidate?
No — 505 Raef Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.7%
Implied 1-yr
+10.9%
2026 Q3
$360.9K
2026 Q4
$369.3K