518 Rae Avenue, Lake Villa, IL 60046
Lake County
Key Facts
Description
Welcome to this spacious 3-bedroom, 1-bath ranch home! This move-in-ready home features brand-new hardwood flooring throughout the main living areas and new carpet in all three bedrooms. The updated kitchen offers beautiful quartz countertops and plenty of cabinet space. Freshly painted throughout, the home provides a bright and inviting atmosphere. Enjoy the charming front porch, perfect for relaxing or entertaining. Conveniently located in a great neighborhood, this home is an excellent opportunity for first-time buyers, downsizers, or investors. Don't miss your chance to make this wonderful home yours!
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Ranch
Year Built
1935
Living Area
1,150 sq ft
Lot Size
0.19 acres
Lot Dimensions
75X109
Garage Spaces
1
Parking Spaces
1
Ownership
Fee Simple
Days on Market
7
MLS® Listing#
12705010
Property Features
Cooling
Heating
Basement
Parking
Lot Features
Construction
Sewer
Water Source
Rooms
- Bedroom 212X14Main
- Bedroom 310X12Main
- Bedroom 4
- Dining RoomCOMBOMain
- Family Room14X16Main
- Kitchen12X16Main
- Laundry
- Living Room12X16Main
- Master Bedroom12X14Main
Financial Details
Annual Taxes
$4,309
Tax year 2025
Parcel Number
02321020130000
Directions
Route 83 , N of Route 132 ( Grand Ave) to West Park Ave South to Rae, w2 #
Affordability Calculator
$54,980
Estimated monthly payment
$1,463/mo
Principal $219,920 · Est. interest $306,808 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lake Villa, IL
- $424,590
- Median Listing Price
- 32
- Median Days on Market
- 2,000
- Median Sq Ft
- $216
- Median Price / Sq Ft
- 446
- Active Listings
- This home’s price is 35% below the area median.
- Its price per sq ft is 11% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lake Villa, IL.
Location
Points of Interest in Lake Villa, IL
Showing the Lake Villa area map.
Nearby Schools
Allendale School
Secondary · 0.5 mi away
Martin Elementary School
Elementary · 1.1 mi away
Lake Villa CCSD 41
School · 1.3 mi away
Pleviak Elementary School
Elementary · 1.3 mi away
Peter J Palombi School
Secondary · 1.4 mi away
William L Thompson School
Elementary · 1.5 mi away
Prince of Peace School
School · 1.6 mi away
Champions at Oakland Elementary
Elementary · 2.0 mi away
Oakland Elementary School
Elementary · 2.0 mi away
Lakes Community High School
Secondary · 2.2 mi away
Antioch Community High School
Secondary · 2.3 mi away
Emmons School
Elementary · 2.3 mi away
Grass Lake Elementary School
Elementary · 2.4 mi away
Faith Evangelical Lutheran School
School · 2.9 mi away
Round Lake Middle School
Secondary · 2.9 mi away
Indian Hill Elementary School
Elementary · 2.9 mi away
Gavin Central School
Elementary · 3.2 mi away
Antioch Community High School
Secondary · 3.2 mi away
First Steps Nursery School
School · 3.2 mi away
Saint Bede School
School · 3.2 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 71 Mariner Lane 71, Fox Lake, IL | $194,000 | 2 | 2 | 1,040 |
| 1443 Spring Brook Court 2D, Round Lake Beach, IL | $194,900 | 2 | 2 | 968 |
| 740 Saint Andrews Lane 48, Crystal Lake, IL | $199,500 | 3 | 2 | 1,694 |
| 1422 W SPLIT OAK Circle, Round Lake Beach, IL | $199,900 | 2 | 3 | 1,080 |
| 4923 W Wonder Lake Drive, Wonder Lake, IL | $200,000 | 3 | 1 | 1,414 |
| 468 Meadow Green Lane, Round Lake Beach, IL | $205,900 | 2 | 2 | 1,520 |
Moving Cost Estimate
EXIT Agents in Lake Villa
Listing Courtesy: LPT Realty - (847) 887-9144
Last Updated: 2026-07-15