505 Margate Terrace

Deerfield IL 60015

1540 sq. ft.

Single-Family

Last sold for $470,000

Jason Merel, last sold this property on 25 November 2025 after 102 days on market.

Overview

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!

Features

3 bedrooms

2 bathrooms

2 carspaces

2 garage spaces

1540 sq. ft. floor area

Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Deerfield over the last 12 months, the estimated median property value of 505 Margate Terrace is $533k.

Median value

$533k

Estimated value range

$375k - $1m

Median days on market

Estimated value trend

-11%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Deerfield. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 505 Margate Terrace

2025

Sold

$470,000

25 Nov 2025 by Jason Merel

Happy sellers in Deerfield

We have insufficient information to provide an overview of customer satisfaction for Deerfield. Viewing the agent profiles, reviews and sales for Deerfield can provide insights for this location.