NOT LISTED FOR SALE

1005 Cascade Dr Savoy, IL 61874

Estimated Value: $556,000 - $647,000

4 Beds
3.5 Baths
2,443 Sq Ft
$253/Sq Ft Est. Value

Last Sold April 10, 2023

Last sale price $553,175 $226 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,266/month

57 Days on Market

Highlights

  • New Construction
  • Open Floorplan
  • Wood Flooring
  • Central High School Rated A
  • Recreation Room
  • 3 Car Attached Garage

About This Home

As of April 2023

This 5 bedroom, 3.5 bath new construction home features 3,206 finished sq.ft. in the gorgeous Lake Falls subdivision! The first floor boasts an open floor plan with your kitchen, dining, and living room. White Shaker cabinets and a custom black island with quartz countertops and GE stainless steel appliances make the kitchen so unique. You'll find 4 bedrooms upstairs on the 2nd floor, along with your laundry room. The primary bedroom features a large walk-in closet, en-suite bathroom with tiled shower and a 10' vanity for getting ready. The finished basement offers a spacious rec room, 5th bedroom, and another full bath for your entertaining needs. High-efficiency HVAC, water heater, and more! BUILDER TO OFFER INTEREST RATE BUYDOWN CLOSING CREDIT!

Last Agent to Sell the Property

Bill Peifer

Champaign County Realty License #475163280 Listed on: 12/22/2022

Last Buyer's Agent

Ryan Dallas

RYAN DALLAS REAL ESTATE License #475143433

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,645

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 9,148

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage ceiling height seven feet or more
  • Garage Door Opener
  • Driveway
  • Parking Space is Owned

Home Design

  • Asphalt Roof
  • Radon Mitigation System
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,443 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Living Room with Fireplace
  • Dining Room
  • Recreation Room
  • Carbon Monoxide Detectors

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Potential Bedrooms
  • Walk-In Closet
  • Dual Sinks

Laundry

  • Laundry Room
  • Laundry on upper level
  • Gas Dryer Hookup

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom
  • Basement Storage
  • Basement Window Egress

Schools

  • Unit 4 Of Choice Elementary School
  • Jefferson Middle School
  • Central High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Gas Water Heater

Additional Features

  • Patio
  • 9,148 Sq Ft Lot

Community Details

  • Lake Falls Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,645

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$25 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: Yes
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Lake Falls
  • Year Built: 2022
  • Age: NEW Ready for Occupancy
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: LOT 212 LAKE FALLS SUB PHASE 2
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Below Grade Finished Sq Ft: 763
  • Fireplaces: 1
  • Interior Amenities: Bar-Wet, Hardwood Floors, Second Floor Laundry, Walk-In Closet(s), Ceiling - 9 Foot, Open Floorplan, Some Carpeting, Some Wood Floors, Pantry
  • LivingArea: 2443
  • Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump, Backup Sump Pump;, Radon Mitigation System, Water Heater-Gas
  • Room Type: Bedroom 5, Recreation Room
  • Estimated Total Finished Sq Ft: 3206
  • Basement Description: Partially Finished,Egress Window,Rec/Family Area,Storage Space
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Total Sq Ft: 2443
  • Basement Sq Ft: 1191
  • Fireplace Location: Living Room
  • Total Sq Ft: 3634
  • Unfinished Basement Sq Ft: 428
  • Upper Level Sq Ft: 1252
  • Main Level Sq Ft: 1191
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0
  • ResoLivingAreaSource: Builder

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • List Price: 559900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Shakes,Stone

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s),7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Natural Gas
  • Laundry Features: Gas Dryer Hookup, Electric Dryer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 300
  • Association Fee Frequency: Annually
  • Master Association Fee Frequency: Not Required
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Unit 4 Of Choice
  • High School: Central High School
  • Middle/Junior School: Jefferson Middle School
  • Middle/Junior School District: 4

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.21
  • Lot Dimensions: 9227.03
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2022
Closed on
Apr 6, 2023
Sold by
Signature Construction Inc
Bought by
Patel Vishal Anil
Seller's Agent
Bill Peifer
Champaign County Realty
Buyer's Agent
Ryan Dallas
RYAN DALLAS REAL ESTATE
List Price
$559,900
Sold Price
$553,175
Premium/Discount to List
-$6,725
-1.2%
Views
55
Current Estimated Value
$616,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,816
Avg. Annual Appreciation
4.24%
Original Mortgage
$470,198
Outstanding Balance
$458,032
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$147,847

Purchase Details

Closed on
Jul 8, 2022
Sold by
Savoy Developers Inc
Bought by
Signature Construction Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$925,454
Interest Rate
5.3%
Mortgage Type
Construction
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Patel Vishal Anil $553,500 None Listed On Document
Signature Construction Inc $65,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Vishal Anil $470,198
Previous Owner Signature Construction Inc $925,454
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2023 04/10/23 Sold $553,175 -1.2% $226 / Sq Ft
02/18/2023 02/18/23 Pending -- -- --
12/22/2022 12/22/22 For Sale $559,900 -- $229 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,645 $169,570 $23,080 $146,490
2023 $9,645 $157,450 $21,430 $136,020
2022 $15 $190 $190 $0
2021 $15 $180 $180 $0
2020 $15 $180 $180 $0
2019 $14 $180 $180 $0
2018 $14 $180 $180 $0
2017 $14 $170 $170 $0
2016 $12 $160 $160 $0
2015 -- $150 $150 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11690900

Midwest Real Estate Data (MRED)

APN: 29-26-01-486-002