505 Margate Terrace, Deerfield, IL 60015 - Photo 1

1/1

$470,000

Sold
Closed
Single Family
3 Beds
1 Full Bath
1 Partial Bath
1,540 Sq. Ft.
2 Car Garage

1/1

Property Description

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!

Full Property Details

Full Property Details for 505 Margate Terrace

General

Sold For: $470,000
Taxes: $10,685 (2023)
Status: Closed
Type: Single Family
Source: MRED
MLS ID: 12446193
Added to Site: 155 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 1
Half Bathrooms: 1

Bedrooms

Total Bedrooms: 3

Parking

Garage: Yes
Attached garage: Yes
Garage Spaces: 2
Total Spaces: 2
Parking Features: Yes, Attached, Garage

Location

Area: Deerfield, Bannockburn, Riverwoods
County: Lake
Driving Directions: Deerfield to Warrington, north to Margate, east to 505 (corner of Knollwood and Margate).

School Information

School District: 109
Midd School District: 109
Elementary School: Kipling Elementary School
Middle School: Alan B Shepard Middle School
High School: Deerfield High School
Private School: Deerfield High School

Community

Assoc. Fees Include: None

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: Natural Gas

Utilities

Water: Lake Michigan

Structural Information

Construction: Brick
Exterior Const.: Brick
Basement Desc.: None
Roof: Asphalt
Square Feet: 1,540
Sq. Ft. Source: Assessor
Year Built: 1948
Built Before 1978: Yes

Lot Features

Lot Size Range: Less than .25 Acre
Lot Dimensions: 65 x 135

Financial Considerations

Parking Included: Yes
Assessment Year: 1948
Tax Amount: $10,685
Tax Year: 2023

Disclosures and Reports

Ownership: Fee Simple
Property ID: 16283180010000

Listed by eXp Realty
Sold by Kale Realty

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— 505 Margate Terrace —

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(312) 217-6930

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Schools

Schools serving 505 Margate Terrace

School Districts:Township High School District 113, Deerfield School District 109

Name	Grades	Distance
Kipling Elementary School, Deerfield, IL 700 Kipling Place, Deerfield, IL 60015	K-5	0.3 mi
Alan B Shepard Middle School 440 Grove Avenue, Deerfield, IL 60015	6-8	0.8 mi
Deerfield High School, Deerfield, IL 1959 Waukegan Road, Deerfield, IL 60015	9-12	1.3 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 505 Margate Terrace

Date

Details

Price

Change

Source

11/25/2025

Sold

$470,000

-6.93%

MLS

8/14/2025

Listed

$505,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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2
Beds
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3
Beds
3
Total Baths
1,365
Sq. Ft.

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2
Beds
2
Total Baths
833
Sq. Ft.

505 Margate Terrace, Deerfield, IL 60015 (MLS# 12446193) is a Single Family property that was sold at $470,000 on November 25, 2025. Want to learn more about 505 Margate Terrace? Do you have questions about finding other Single Family real estate for sale in Deerfield? You can browse all Deerfield real estate or contact a Coldwell Banker agent to request more information.

505 Margate Terrace Deerfield, IL 60015