509 Raef Rd
Downs, IL 61736
3 bd 2 ba 3,230 sqft Built 2021 Lot 12,632 sqft single_family
Most recent sale
$365,550
Mar 1, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 3, 2023 | Listing removed | $66,900 | MRED |
| Mar 1, 2022 | Sold | $365,550 | MLS #11171662 |
| Jul 28, 2021 | Listed | $365,000 | MLS #11171662 |
| Jan 15, 2019 | Listed | $62,500 | MLS #10248163 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $113,968 | $30,861 | $144,829 | $11,497 |
| 2022 | $92,542 | $25,059 | $117,601 | $9,670 |
| 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 | $105 |
Property facts
Year built
2021
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
3,230 sqft
Lot size
12,632 sqft
ZIP code
61736
City
Downs
Street
Raef Rd
Coordinates
40.40268, -88.88227
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
$2,193
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 509 Raef Rd last sell?
509 Raef Rd most recently sold on Mar 1, 2022 for $365,550.
What is the current tax assessment for 509 Raef Rd?
The most recent total assessment for 509 Raef Rd (year 2024) is $144,829 with $11,497 in property tax.
How does 509 Raef Rd's assessment compare to its last sale price?
The current assessment is 60.4% below the last sale price of $365,550.
When was 509 Raef Rd built?
509 Raef Rd was built in 2021.
How does 509 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 509 Raef Rd?
509 Raef Rd is a 3 bed, 2 bath, 3,230 sqft, 12,632 sqft lot single_family.
Is 509 Raef Rd a flip candidate?
No — 509 Raef Rd does not appear in our flips dataset.
Is 509 Raef Rd a tax-appeal candidate?
No — 509 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