NOT LISTED FOR SALE

1116 Declaration Dr Savoy, IL 61874

Estimated Value: $293,000 - $729,000

0.2 Acre
$2,825,275 Price per Acre
8,712 Sq Ft Lot

Last Sold September 30, 2020

Last sale price $57,000

Est. 891% increase in value since last sale

Current estimated payment $4,228/month

725 Days on Market

About This Lot

As of September 2020

One of the LAST Remaining Lots in Liberty on the Lakes Subdivision 2nd phase, spanning both Champaign and Savoy. This desirable subdivision features a 5 bodies of water to include a 10 acre lake, 2 parks under development, a gazebo and much more. On the Champaign side, enjoy a public park, compliments of the Champaign Park District to include a playground, basketball court, open area and more to come. The Savoy Park is open and in progress over the next few years. Minutes from shopping, restaurants, Willard Airport is in view, and less than 3 minutes to I-57, this is the place to be. One of the last lots available in Phase 2 so don't delay!

Last Agent to Sell the Property

Stefanie Pratt

Coldwell Banker R.E. Group License #475123513 Listed on: 08/30/2018

Coldwell Banker R.E. Group

Last Buyer's Agent

Stefanie Pratt

Coldwell Banker R.E. Group License #475123513 Listed on: 08/30/2018

Coldwell Banker R.E. Group

Property Details

Property Type

  • Land

Lot Details

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • General Information: School Bus Service, Interstate Access
  • Ownership: Fee Simple
  • Current Use: Residential-Single Family
  • Potential Use: Residential-Single Family
  • Utilities To Site: Electric Nearby, Gas Nearby, Sanitary Sewer Nearby, Water-Municipal, Water-Nearby
  • Zoning Type: SINGL
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Land Description: Level
  • Road Surface: Concrete

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Acreage: 0.2
  • Frontage Access: City Street
  • Front Footage: 62.98

Schools

  • Junior High Dist: 4

Lot Info

  • Lot Dimensions: 62.98X123.56X75.24
  • Land Amenities: Pond/Lake, Sidewalks
  • Parcel Identification Number: 032035302003

Tax Info

  • Taxes: 1559.58

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2021
Sold by
Premier Homes Of Illinois Inc
Bought by
Felix Frantz E
Current Estimated Value
$565,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$542,306
Outstanding Balance
$490,920
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$74,135

Purchase Details

Listed on
Aug 30, 2018
Closed on
Sep 16, 2020
Sold by
Chen Wang Ping and Chen Chu Yung
Bought by
Premier Homes Of Illinois Inc
Seller's Agent
Stefanie Pratt
Coldwell Banker R.E. Group
Buyer's Agent
Stefanie Pratt
Coldwell Banker R.E. Group
List Price
$62,500
Sold Price
$57,000
Premium/Discount to List
-$5,500
-8.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.79%

Purchase Details

Closed on
Jul 30, 2008
Sold by
Liberty On The Lake Llc
Bought by
Chen Wang Ping and Chen Chu Yung
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Felix Frantz E $550,000 Attorney
Premier Homes Of Illinois Inc $55,000 None Available
Chen Wang Ping $62,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Felix Frantz E $542,306
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2020 09/30/20 Sold $57,000 -4.8% --
08/24/2020 08/24/20 Pending -- -- --
05/18/2019 05/18/19 Price Changed $59,900 -4.2% --
08/30/2018 08/30/18 For Sale $62,500 -- --
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 $15,201 $216,550 $24,690 $191,860
2023 $15,201 $199,960 $22,800 $177,160
2022 $14,547 $186,530 $21,270 $165,260
2021 $2,012 $25,940 $20,890 $5,050
2020 $1,609 $20,680 $20,680 $0
2019 $1,558 $20,330 $20,330 $0
2018 $1,556 $20,330 $20,330 $0
2017 $1,560 $20,330 $20,330 $0
2016 $1,406 $20,330 $20,330 $0
2015 $1,441 $20,330 $20,330 $0
2014 $1,435 $20,330 $20,330 $0
2013 $1,412 $20,330 $20,330 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10069783

Midwest Real Estate Data (MRED)

APN: 03-20-35-302-003