507 Raef Rd
Downs, IL 61736
4 bd 3 ba 3,669 sqft Built 2022 Lot 10,028 sqft single_family
Most recent sale
$395,000
May 31, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 25, 2025 | Sold | $408,000 | MRED |
| Oct 3, 2025 | Listed | $420,000 | MRED |
| Sep 4, 2025 | Price changed | $429,900 | MRED |
| Aug 8, 2025 | Price changed | $433,500 | MRED |
| Jul 24, 2025 | Price changed | $436,500 | MRED |
| Jul 17, 2025 | Price changed | $439,500 | MRED |
| Jul 10, 2025 | Listed | $449,500 | MRED |
| May 31, 2022 | Sold | $395,000 | MLS #11309741 |
| Jan 23, 2022 | Listed | $395,000 | MLS #11309741 |
| Mar 11, 2020 | Listing removed | $66,000 | MRED |
| Jan 15, 2019 | Listed | $66,000 | MLS #10247789 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $121,479 | $30,861 | $152,340 | $12,121 |
| 2022 | $43,672 | $25,059 | $68,731 | $5,904 |
| 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
2022
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
3,669 sqft
Lot size
10,028 sqft
ZIP code
61736
City
Downs
Street
Raef Rd
Coordinates
40.40269, -88.88261
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
$2,370
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 507 Raef Rd last sell?
507 Raef Rd most recently sold on May 31, 2022 for $395,000.
What is the current tax assessment for 507 Raef Rd?
The most recent total assessment for 507 Raef Rd (year 2024) is $152,340 with $12,121 in property tax.
How does 507 Raef Rd's assessment compare to its last sale price?
The current assessment is 61.4% below the last sale price of $395,000.
When was 507 Raef Rd built?
507 Raef Rd was built in 2022.
How does 507 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 507 Raef Rd?
507 Raef Rd is a 4 bed, 3 bath, 3,669 sqft, 10,028 sqft lot single_family.
Is 507 Raef Rd a flip candidate?
No — 507 Raef Rd does not appear in our flips dataset.
Is 507 Raef Rd a tax-appeal candidate?
No — 507 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
+3.0%
Implied 1-yr
+12.0%
2026 Q3
$337.3K
2026 Q4
$345.7K