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McLean 61705
507 Raef Road
$408,000
● House - Off Market

507 Raef Road

Downs, IL 61736
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,669 Ft²
$3,073
Est. Monthly
7.11%
Cap Rate

About This Property

Welcome to 507 Raef! This amazing 1.5 story home is located in Beecher Trails Subdivision and the highly coveted Tri-Valley School District! The main level boasts an open, airy floor plan. The living room flows into the kitchen which has a large island, beautiful quartz countertops, and a pantry closet for additional storage. Just off the kitchen there is a dedicated dining space with ample room for a large dining table. The main floor primary suite is tucked away from the main living space and has a beautiful, modern bathroom and a great walk-in closet. The laundry room and a half bath round out the rest of the main level. Upstairs there are 3 additional bedrooms, one with a large walk-in closet, and an additional full bath. The basement is just waiting to be finished to add additional living space. There is room to add an additional bedroom and full bath, with plenty of space left for a large family room and ample storage. The daylight windows are a huge plus, allowing in tons of natural light! Outside, the raised deck is a great spot to sip your morning coffee and keep an eye on the kiddos or pets as they play in the backyard. Don't miss your chance to make this your home, come check it out today!
Unit Size
3,669 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$114
Property Type
House
Property Taxes
$1,010
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: 1,467
  • Gross Building Area: 1,467
  • Building Area: 1,467
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,467
  • 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 26

Neighborhood

  • Census Tract: 005401

Geography

  • District: 24
  • Parcel: 22-32-479-009
  • Lot: 26
  • Municipality: OLD TOWN
  • Latitude: 40.4027
  • Longitude: -88.8826

    Address

  • Full Address: 507 Raef Rd
  • Address - House Number: 507
  • 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: $590,414
  • Tax Rate Code Area: 2401

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 397,901
  • High Value: 433,721
  • Low Value: 362,081

    Market Valuation

  • Market Total Value: $206,193
  • Market Land Value: $75,177
  • Market Improvement Value: $131,016

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $68,731
  • Assessed Land Value: $25,059
  • Assessed Improvements Value: $43,672

    Sales

  • Current Sale Contract Date: May 31, 2022
  • Current Sale Recording Date: Jun 10, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10458
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 507 Raef Road built and last sold?
The property at 507 Raef Road was built in 2021 and last sold on May 31, 2022 for $395,000.
How much is this home worth?
The estimated value of the home located at 507 Raef Road is $0.
What are some comparable homes to 507 Raef Road?
There are currently no comparable homes to 507 Raef Road.