505 Margate Terrace, Deerfield, IL 60015

Closed

3 beds 1.5 baths 1,540 sqft (assessor) Built 1948 Residential MLS #MRD12446193 70 days on market

Listing courtesy of eXp Realty · 888-574-9405 · MLS #MRD12446193 · Status: Closed

Bright, well-maintained, and full of potential, this sun-splashed ranch sits on a fabulous corner lot in one of Deerfield's most walkable locations. Just blocks from downtown, top-rated elementary schools, and Deerspring Pool, the home offers convenience, charm, and long-term value. Inside, hardwood floors run throughout the main living areas, and oversized windows invite natural light all day long. The easy, single-level layout includes an open living/dining room for effortless entertaining, a functional kitchen with great storage and flow, and three comfortable bedrooms. Outside, the corner lot offers plenty of green space and standout curb appeal. Welcome home!

Property details

Interior

Basement: None
Additional rooms: No additional rooms
Total rooms: 7

Building & exterior

Age: 71-80 Years
Exterior: Brick
Roof: Asphalt

Parking

Garage spaces: 2
Total spaces: 2
Parking details: Yes, Attached, Garage

Lot & location

Lot dimensions: 65 X 135
Township: West Deerfield
County: Lake

Utilities

Heating: Natural Gas
Cooling: Central Air
Water: Lake Michigan
Sewer: Public Sewer

HOA & community

Assessment includes: None

Schools

Elementary: Kipling Elementary School (109)
Junior high: Alan B Shepard Middle School (109)
High school: Deerfield High School (112)

Taxes & terms

Annual taxes: $10,685 (2023)
Parcel number (PIN): 16283180010000
PIN: 16283180010000
Ownership: Fee Simple
Possession: Other
Special conditions: None
Listed: 8/14/2025
Sold: 11/25/2025
Sold price: $470,000

Want to see this home?

The Dawn Simmons Team (RE/MAX Suburban) can show you any listed property and give you a straight answer on what it's really worth. Call/text Josh at (224) 628-4013.

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Listings courtesy of MRED as distributed by MLS GRID. MLS GRID

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