When was property at 502 Raef Road built and last sold?

The property at 502 Raef Road was built in 2017 and last sold on Jun 16, 2023 for $427,500.

How much is this home worth?

The estimated value of the home located at 502 Raef Road is $0.

What are some comparable homes to 502 Raef Road?

There are currently no comparable homes to 502 Raef Road.

McLean

61705

502 Raef Road

$427,500

● House - Off Market

502 Raef Road

Downs, IL 61736

4 Beds

4 Baths, 1 Half Bath

3,678 Ft²

$425,713

RealtyHop Estimate

0.17%

Since Jul 1, 2023

National-US

Primary Model

About This Property

Gorgeous home alert! Set your sights on this stunning 1.5 story home located in the award winning Tri-Valley school district! This beauty shows like new construction with a large bedroom and full bathroom in the finished basement, primary bedroom and laundry sits on the main level, lovely kitchen and fenced in backyard round out just a few of the many features of this home. So many memories just waiting to be made here!

Unit Size

3,678 Ft²

Days on Market

Land Size

Price per sqft

$116

Property Type

House

Property Taxes

$762

HOA Dues

Year Built

2017

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (MRED MLS #11768549)

Price History

Date / Event	Date	Event
Jun 16, 2023	Sold	Premium
Sold
May 1, 2023	Listed by RE/MAX Rising	$425,000
Listed by RE/MAX Rising
Jun 7, 2018	Price Decreased	$334,900 ↓ $5K (1.5%)
Price Decreased
May 16, 2018	Relisted	$339,900
Relisted
Mar 22, 2017	Listed	$342,900
Listed

	Wonderful 1.5 story home with a 2 story family room. Newly fenced yard!!Beautiful Kitchen with granite counter tops, island eating bar, pantry and abundance of cabinets and counter space. Master Suite with walk in closet , his and hers vanities and tiled surround shower. 3 Bedrooms and Loft up. Great finished Basement with Family Room , Bedroom and full bath, Beautiful wood floors in Family Room and Kitchen. The manager has listed the unit size as 3678 square feet.

Property Highlights

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 2017

Effective Year Built: 2017
Building Count: 1
Bedroom Count: 0
Building Condition: 0
Building Quality: 4
Construction Type: 0
Building Style: 0
Exterior Walls Type: 19
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 0
Floor Count: 200
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 10,454

Total Building Area: 1,354
Gross Building Area: 1,354
Building Area: 1,354
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 0

Heating: 0
Heated Square Feet: 1,354
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: BEECHER TRAILS SUB
Land Acres: 0000000240
Standard Land Use Code: 1001
County Land Use Code: 0040
Legal Description 1: BEECHER TRAILS SUB LOT 5

Neighborhood

Census Tract: 005401

Geography

District: 24

Parcel: 22-32-480-005
Lot: 5
Municipality: OLD TOWN
Latitude: 40.4032
Longitude: -88.8834

Address

Full Address: 502 Raef Rd

Address - House Number: 502
Address - Street Name: Raef
Address - Suffix Type: Rd
State: IL
City Name: Downs
Carrier Code: R003
4-Digit Zip Code: 2010
Zip Code: 61736

Valuation

Tax

Tax Year: 2022

Tax Amount: $947,982
Tax Rate Code Area: 2401

Appraisal Valuation

Standard Deviation: 0.2026

Valuation Date: Feb 28, 2024
Confidence Score: 72
Final Value: 413,639
High Value: 497,460
Low Value: 329,818

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium
First Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $349,068

Market Land Value: $75,177
Market Improvement Value: $273,891

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $116,356
Assessed Land Value: $25,059
Assessed Improvements Value: $91,297

Sales

Current Sale Contract Date: Jun 16, 2023

Current Sale Recording Date: Jun 23, 2023
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 8002
Previous Sale Recording Date: Apr 02, 2019
Previous Sale Contract Date: Mar 11, 2019
Previous Sale Amount: $327,000
Previous Sale Document Type: 71

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium
First Mortgage Loan Due Date:

Premium

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium
Previous Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About McLean

Stats & Trends

Median Asking:

$264,900

Sale Price/ft²

$122

Below Asking

0.01%

Average Days on Market

Average Home Size

2423 ft²

Average Home Age

55 years

Currently For Sale

240 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Listed by: Emily Bennett, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 11768549

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

502 Raef Road

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About McLean

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions