505 Rae Ave is a 1,056 square foot house on a 8,712 square foot lot with 3 bedrooms and 1 bathroom. - it last sold on June 21, 2012 for $75,000. Based on Redfin's Lake Villa data, we estimate the home's value is $185,591.
Single-familyProperty Type
1920Year Built
8,712 sq ftLot Size
$176Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$185,591
$111K since sold in June 2012$2,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 20.5% lower than the average sale price ($233K) of 6 comparable homes.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Property details
Interior
Bathroom Information
# of Full Baths: 1
Heating & Cooling
Heating Type: Forced Air
Exterior
Exterior Information
Physical Condition: Average
Building Style Type: Cape Cod
Building Construction Quality: Average
Property Information
Subdivision Name: CRIBBS SECOND SUB
Living Sq. Ft: 1,056
Ground Floor Sq. Ft: 736
Building Sq. Ft: 1,056
# of Stories: 1.5
Legal Description: CRIBB'S SECOND SUB;LT2 & N122' LT3 ALSO TH PT LTS 4&5 IN CRI BB'S SUB ON CEDAR LAKE LYG NOF ALN 122'S OF NLN SD LTS 2&3 I N SD CRIBB'S SECOND SUB(EX TWIN OAKS DR)
Parking & Garage Information
# of Parking Spaces: 1
Parking Type: Detached Garage
Garage/Parking Sq. Ft: 660
Garage / Carport Type: Detached
Lot Information
# of Buildings: 1
Land Sq. Ft: 8,712
Legal Lot Number: 4
Municipality Name: LAKE VILLA
Acres: 0.2
County Use Description: RESIDENTIAL IMPROVEMENTS
Financial
Assessor Information
Assessment Year: 2025
Tax District County: LAKE VILLA
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 1,056
Stories: 1.5
Lot Size: 8,712 square feet
Style: Single Family Residential
Year Built: 1920
Year Renovated: 1920
County: Lake County
APN: 02-32-110-016
Home facts updated by county records on Jul 15, 2026
Around this home
Schools
Olive C Martin School
Public PreK-5 • Assigned • 1.0mi
6/10
Peter J Palombi School
Public 6-8 • Assigned • 1.3mi
5/10
Lakes Community High School
Public 9-12 • Assigned • 2.0mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
2/10 Heat Factor
7 days above 101° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Lake Villa, IL • 60046
Average low and high temperatures (°F)
28
13
36
20
52
31
60
40
67
47
80
60
82
66
79
61
77
57
66
47
49
35
34
21
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.1 hours in
June and 3.4 hours in December, placing it below the
U.S. average for solar exposure.
10.1 hrs
3.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$177,000 – $214,000
Reach more buyers when you sell with Redfin. Save up to $1,856 in fees.3 minutes to get started.