NOT LISTED FOR SALE

11 Magnolia Ct Savoy, IL 61874

Estimated Value: $328,000 - $390,000

3 Beds
2.5 Baths
2,190 Sq Ft
$162/Sq Ft Est. Value

Last Sold September 01, 2022

Last sale price $287,500 $131 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,434/month

2 Days on Market

Highlights

  • Deck
  • Property is near a park
  • Vaulted Ceiling
  • Central High School Rated A
  • Family Room with Fireplace
  • Wine Refrigerator

About This Home

As of September 2022

Fabulous home on quiet cul-de-sac location in Savoy. Updated and upgraded throughout, this split level 3br/2.5ba home in the Arbours a rare find on the big commons. There is a fourth room, which is currently an elegant bar, but could also be used as a flex room or bedroom. The living room features a cathedral ceiling, a built-in direct vent fireplace and shelves with lighting. The living room and dining room have recently been updated with luxury vinyl plank flooring. Open to the dining room is a gourmet kitchen offers custom cabinetry with soft close drawers, granite countertops, tile backsplash, GE Profile appliances, custom commercial range hood and flush mount lighting. There is a deck for grilling or for enjoying a nice glass of wine overlooking the Arbours commons. The beautifully landscaped backyard is fully fenced with shed, and has a beautiful paved patio off the lower family room & bar area. Oversized family room has nice natural light and a stone wood burning fireplace. There is also a laundry room and guest bath off the family room. The home has been pre-inspected and is move-in ready.

Last Agent to Sell the Property

Jill Hess

RE/MAX REALTY ASSOCIATES-CHA License #475167225 Listed on: 07/28/2022

RE/MAX REALTY ASSOCIATES-CHA

Last Buyer's Agent

Joanna Smith

Real Broker, LLC License #475182009

Real Broker, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,275

Year Built

  • Built in 1976

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 84.06 x 110 x 100 x 110
  • Fenced Yard

HOA Fees

  • $18 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Split Level Home
  • Tri-Level Property
  • Asphalt Roof

Interior Spaces

  • 2,190 Sq Ft Home
  • Wet Bar
  • Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Carbon Monoxide Detectors

Kitchen

  • Range with Range Hood
  • Microwave
  • High End Refrigerator
  • Freezer
  • Dishwasher
  • Wine Refrigerator
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Shower Body Spray

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Finished Basement Bathroom

Outdoor Features

  • Deck
  • Brick Porch or Patio
  • Shed

Location

  • Property is near a park

Schools

  • Champaign Elementary School
  • Champaign Junior High School
  • Central High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Cable TV Available

Community Details

  • Heather.Mangian@Gmail.Com Association
  • Arbours Subdivision
  • Property managed by ARBOURS HOA

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,275

Year Built

Built in 1976

Lot Details

0

HOA Fees

$18 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: Split Level
  • Ownership: Fee Simple w/ HO Assn.
  • ArchitecturalStyle: Tri-Level
  • New Construction: No
  • Property Sub-Type: Split Level
  • Subdivision Name: Arbours
  • Year Built: 1976
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Legal Description: LOT 224 ARBOURS SUB NO. 2
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, High End Refrigerator, Freezer, Washer, Dryer, Stainless Steel Appliance(s), Wine Refrigerator, Range Hood
  • Basement: Walkout
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning, Gas Log, Gas Starter
  • Fireplaces: 2
  • Interior Amenities: Vaulted/Cathedral Ceilings, Bar-Wet
  • LivingArea: 2190
  • Other Equipment: TV-Cable, CO Detectors, Ceiling Fan(s)
  • Estimated Total Finished Sq Ft: 2190
  • Assessed Sq Ft: 0
  • Basement Description: Other
  • Bathroom Amenities: Full Body Spray Shower
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 2190
  • Basement Sq Ft: 0
  • Fireplace Location: Family Room,Living Room
  • Unfinished Basement Sq Ft: 0
  • Upper Level Sq Ft: 730
  • Main Level Sq Ft: 730
  • Lower Level Sq Ft: 730
  • Unfinished Lower Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Deck, Brick Paver Patio
  • List Price: 287500
  • Lot Features: Fenced Yard, Park Adjacent
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick,Other

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Natural Gas, Electric
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 216
  • Association Fee Frequency: Annually
  • Community Features: Park
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: ARBOURS HOA
  • Management Contact Name: heather.mangian@gmail.com
  • Management Phone: 555-555-5555
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Champaign Elementary School
  • High School: Central High School
  • Middle/Junior School: Champaign Junior High School
  • Middle/Junior School District: 4

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.23
  • Lot Dimensions: 84.06 X 110 X 100 X 110
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

  • Board Number: 22
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 5274.52
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2022
Closed on
Sep 1, 2022
Sold by
Hinnant and Anna
Bought by
Kelsey Benjamin and Kelsey Jessica
Seller's Agent
Jill Hess
RE/MAX REALTY ASSOCIATES-CHA
Buyer's Agent
Joanna Smith
Real Broker, LLC
List Price
$285,000
Sold Price
$287,500
Premium/Discount to List
$2,500
0.88%
Views
21
Current Estimated Value
$351,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,201
Avg. Annual Appreciation
6.04%
Original Mortgage
$230,000
Outstanding Balance
$221,693
Interest Rate
5.54%
Mortgage Type
Balloon
Estimated Equity
$119,518

Purchase Details

Listed on
May 3, 2018
Closed on
Jul 12, 2018
Sold by
Melchi Paul M and Melchi Lori C
Bought by
Hinnant Andrew and Muller Anna
Seller's Agent
Carol Meinhart
The Real Estate Group,Inc
Buyer's Agent
Jill Hess
RE/MAX REALTY ASSOCIATES-CHA
List Price
$249,500
Sold Price
$247,000
Premium/Discount to List
-$2,500
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.74%
Original Mortgage
$197,600
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2006
Sold by
Smith Beverly N
Bought by
Melchi Paul M and Melchi Lori C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.66%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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List Price
Sold Price
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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
Kelsey Benjamin $287,500 --
Hinnant Andrew $247,000 Attorney
Melchi Paul M $210,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kelsey Benjamin $230,000
Previous Owner Hinnant Andrew $197,600
Previous Owner Melchi Paul M $35,000
Previous Owner Melchi Paul M $133,900
Previous Owner Melchi Paul M $139,100
Previous Owner Melchi Paul M $25,000
Previous Owner Melchi Paul M $145,000
Previous Owner Smith Beverly N $175,700
Previous Owner Smith Beverly N $158,974
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2022 09/01/22 Sold $287,500 0.0% $131 / Sq Ft
07/31/2022 07/31/22 Pending -- -- --
07/28/2022 07/28/22 Price Changed $287,500 +0.9% $131 / Sq Ft
07/28/2022 07/28/22 For Sale $285,000 +15.4% $130 / Sq Ft
07/12/2018 07/12/18 Sold $247,000 -1.0% $113 / Sq Ft
05/03/2018 05/03/18 Pending -- -- --
05/03/2018 05/03/18 For Sale $249,500 -- $114 / 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 $5,691 $84,060 $19,310 $64,750
2023 $5,691 $77,620 $17,830 $59,790
2022 $5,411 $72,400 $16,630 $55,770
2021 $5,275 $71,120 $16,340 $54,780
2020 $5,228 $70,420 $16,180 $54,240
2019 $4,868 $66,890 $15,370 $51,520
2018 $4,738 $65,370 $15,370 $50,000
2017 $4,639 $64,040 $15,370 $48,670
2016 $4,198 $64,040 $15,370 $48,670
2015 $4,205 $64,040 $15,370 $48,670
2014 $3,983 $59,950 $15,370 $44,580
2013 $3,824 $58,670 $15,370 $43,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11476144

Midwest Real Estate Data (MRED)

APN: 03-20-25-176-004