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McLean 61705
505 Raef Road
$445,000
● House - Off Market

505 Raef Road

Downs, IL 61736
bedrooms
3 Beds
bathrooms
3 Baths
square feet
3,242 Ft²
$3,107
Est. Monthly
3.47%
Cap Rate

About This Property

Discover the good-as-new-construction and modern elegance at 505 Raef Rd, a stunning 4-bedroom, 3-full-bath ranch in the coveted Beecher Trails subdivision of Downs, IL, within the award-winning Tri-Valley School District. Built in 2021, this meticulously updated newer-construction home offers turnkey perfection from top to bottom.    Step into an open-concept main floor where a contemporary kitchen dazzles with stainless steel appliances (new fridge 2022), quartz countertops, a side pantry, and space for a large dining table. The kitchen flows seamlessly into the living room, ideal for gatherings, and opens to a covered deck with a TV, overlooking the backyard. The main floor shines with professional custom paint, coordinated Hunter ceiling fans, and bespoke window treatments. A spacious primary suite impresses with a fully tiled shower, double sinks, and a walk-in closet. Two additional bedrooms and a full bath complete this level.    The fully finished lookout basement is a showstopper, featuring a massive family room, a vibrant game room, a fourth bedroom, a full bathroom, and ample storage. Lookout windows flood the space with natural light, enhancing its inviting ambiance.    Outside, a covered front porch welcomes you, while the upgraded 8-foot garage bay boasts sleek black contemporary doors with trendy sidelights. Recent updates include a professionally coordinated paint scheme, new washer and dryer (2022), and all appliances included for your convenience.    This move-in-ready ranch combines stylish finishes, thoughtful upgrades, and a prime location in a top school district. Don't miss your chance to own this gem in Beecher Trails-schedule a showing today!
Unit Size
3,242 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$139
Property Type
House
Property Taxes
$897
HOA Dues
-
Year Built
2021

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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • 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: 100
  • 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: 10,018
  • Total Building Area: 1,610
  • Gross Building Area: 1,610
  • Building Area: 1,610
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,610
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BEECHER TRAILS SUB
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: BEECHER TRAILS SUB LOT 25

Neighborhood

  • Census Tract: 005401

Geography

  • District: 24
  • Parcel: 22-32-479-008
  • Lot: 25
  • Municipality: OLD TOWN
  • Latitude: 40.4027
  • Longitude: -88.8829

    Address

  • Full Address: 505 Raef Rd
  • Address - House Number: 505
  • Address - Street Name: Raef
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Downs
  • Carrier Code: R003
  • 4-Digit Zip Code: 2011
  • Zip Code: 61736

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,010,218
  • Tax Rate Code Area: 2401

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 408,233
  • High Value: 444,983
  • Low Value: 371,483

    Market Valuation

  • Market Total Value: $352,803
  • Market Land Value: $75,177
  • Market Improvement Value: $277,626

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $117,601
  • Assessed Land Value: $25,059
  • Assessed Improvements Value: $92,542

    Sales

  • Current Sale Contract Date: Dec 27, 2021
  • Current Sale Recording Date: Jan 07, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022-00000270
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About McLean


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Frequently Asked Questions

When was property at 505 Raef Road built and last sold?
The property at 505 Raef Road was built in 2021 and last sold on Dec 27, 2021 for $365,000.
How much is this home worth?
The estimated value of the home located at 505 Raef Road is $451,552.
What are some comparable homes to 505 Raef Road?
There are currently no comparable homes to 505 Raef Road.