505 Margate Terrace, Deerfield, IL, 60015
$505,000
3
Beds
2
Baths
1,540
Square feet
About 505 Margate Terrace
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. Tenant occupied, please do not approach property without a confirmed appointment. 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. Currently leased through May 2026, this is an ideal opportunity for buyers looking to invest now and personalize later. Whether you're building your portfolio or planning ahead for your next chapter, this home offers the flexibility to do both.
Additional Information: This property is located in the Deerfield, Bannockburn, Riverwoods neighborhood, IL. This 3 bedrooms detached single property is priced at $328/sqft.
Facts & Features
| MLS® # | 12446193 |
|---|---|
| Price | $505,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Full Baths | 1 |
| Half Baths | 1 |
| Square Footage | 1,540 |
| Price per Square Footage | $327.92 |
| Taxes | $10,685 |
| HOA Fees Freq. | Not Applicable |
| Acres | 0.00 |
| Year Built | 1948 |
| Type | Residential |
| Sub-Type | Detached Single |
| Status | Active |
Community Information
| Address | 505 Margate Terrace |
|---|---|
| Area | Deerfield, Bannockburn, Riverwoods |
| City | Deerfield |
| County | Lake |
| State | IL |
| Zip Code | 60015 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Parking | On Site, Attached, Garage |
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| Stories | 1 Story |
| Has Basement | Yes |
| Basement | None |
Exterior
| Exterior | Brick |
|---|---|
| Roof | Asphalt |
School Information
| District | 112 |
|---|---|
| Elementary | Kipling Elementary School |
| Middle | Alan B Shepard Middle School |
| High | Deerfield High School |
Additional Information
| Days on Market | 59 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Taxes | $10,685 |
Listing Details
| Office | eXp Realty |
|---|---|
| Contact Info | 888-574-9405 |