$445,000
SOLD JUL 25, 2024

305 Independence Dr Savoy, IL 61874

3 Beds
3 Baths
1,837 Sq Ft
2013 Built

Recently Sold

$242 Per Sq Ft

1% Below List Price

23 Days on Market

Highlights

  • Community Lake
  • Property is near a park
  • Vaulted Ceiling
  • Central High School Rated A
  • Recreation Room
  • Ranch Style House

About This Home

As of July 2024

Gorgeous and very well maintained home in Savoy. This is the ranch with a finished basement you have been waiting for! 5 bedrooms, 3 full bathrooms and multiple living spaces to spread out and enjoy. Enter the front door to your open floor plan with vaulted ceilings encompassing a formal dining space, kitchen with ample counter space and bar, eat in kitchen area and living room complete with a gorgeous fireplace as the centerpiece of the space. This floor is light and bright and opens to your fenced in backyard with large patio perfect for entertaining! Enjoy a split floor plan on the main floor with a primary suite featuring a large bathroom and closet! Your master bedroom also features loads of natural light to enjoy. You will find a large mud room space leading to your oversized garage space with plenty of storage. On the other side of the main floor you will find 2 nicely sized bedrooms and full bathroom. Enter the basement to find a family room space complete with wet bar and entertaining area to spread out and use as workout space, gathering or play room. This home features multiple updates including a new roof in 2020, and siding, gutters and soffits in 2021, It is also wired for speakers in the basement. With over 2700 finished square feet and over 950 square feet of unfinished storage space (perfect for future plans!) this ranch home is sure to be a great match for your needs and wants! Plus you will find lower taxes in Savoy and the proximity to plenty of restaurants, shopping and great neighborhood amenities!

Last Agent to Sell the Property

Dawn Coyne

KELLER WILLIAMS-TREC License #475164527 Listed on: 06/04/2024

KELLER WILLIAMS-TREC

Last Buyer's Agent

Matt Difanis

RE/MAX REALTY ASSOCIATES-CHA License #471020468

RE/MAX REALTY ASSOCIATES-CHA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,890

Year Built

  • Built in 2013

Lot Details

  • Lot Dimensions are 75 x 120
  • Paved or Partially Paved Lot

HOA Fees

  • $21 Monthly HOA Fees

Parking

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

Home Design

  • Ranch Style House

Interior Spaces

  • 1,837 Sq Ft Home
  • Wet Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Storage Room
  • Carbon Monoxide Detectors

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 5 Potential Bedrooms
  • 3 Full Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Finished Basement Bathroom

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Patio
  • Property is near a park

Community Details

  • Association fees include insurance
  • Liberty On The Lakes Subdivision
  • Community Lake

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,890

Year Built

Built in 2013

Lot Details

0

HOA Fees

$21 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Subdivision Name: Liberty on the Lakes
  • Year Built: 2013
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Legal Description: LOT 470 LIBERTY ON THE LAKE SUBDIVISION
  • ResoPropertyType: Residential
  • MonthToMonthYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Disposal
  • Basement: Full
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Finished Sq Ft: 870
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: First Floor Bedroom, Vaulted/Cathedral Ceilings, Bar-Wet
  • LivingArea: 1837
  • Other Equipment: TV-Cable, CO Detectors, Ceiling Fan(s), Sump Pump, Water Heater-Gas
  • Room Type: Bedroom 5, Eating Area, Recreation Room, Foyer, Storage
  • Estimated Total Finished Sq Ft: 2707
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 2
  • Dining Room: Separate
  • Total Sq Ft: 1837
  • Basement Sq Ft: 1837
  • Fireplace Location: Living Room
  • Total Sq Ft: 3674
  • Unfinished Basement Sq Ft: 967
  • Upper Level Sq Ft: 0
  • Main Level Sq Ft: 1837
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Patio
  • List Price: 450000
  • Waterfront: No
  • Exterior Building Type: Stone,Vinyl Siding

Garage/Parking

  • Garage Spaces: 2.5
  • ParkingTotal: 2.5
  • 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, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 250
  • Association Fee Frequency: Annually
  • Community Features: Park, Lake, Curbs, Sidewalks, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Insurance

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

  • Lot Dimensions: 75 X 120
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 8889.84
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2024
Closed on
Jul 20, 2024
Sold by
Burklund Sandra Sue
Bought by
Thakur Pooja and Mohapatra Saurav
Seller's Agent
Dawn Coyne
KELLER WILLIAMS-TREC
Buyer's Agent
Matt Difanis
RE/MAX REALTY ASSOCIATES-CHA
List Price
$450,000
Sold Price
$445,000
Premium/Discount to List
-$5,000
-1.11%
Views
2
Current Estimated Value
$461,060

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,060
Avg. Annual Appreciation
0.67%
Original Mortgage
$311,500
Outstanding Balance
$308,850
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$139,106

Purchase Details

Listed on
Mar 4, 2014
Closed on
Jun 16, 2014
Sold by
Ironwood Builders Inc
Bought by
Burklund Sandra Sue
Seller's Agent
Chris Johnson
RE/MAX REALTY ASSOCIATES-CHA
List Price
$329,900
Sold Price
$321,000
Premium/Discount to List
-$8,900
-2.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.29%

Purchase Details

Closed on
Oct 7, 2013
Sold by
Rb Savoy Llc
Bought by
Ironwood Builders Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,900
Interest Rate
4.33%
Mortgage Type
Construction
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $445,000 None Listed On Document
Warranty Deed $321,000 None Available
Warranty Deed $53,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $311,500 New Conventional
Previous Owner $267,900 Construction
Previous Owner $0 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2024 07/25/24 Sold $445,000 -1.1% $242 / Sq Ft
06/10/2024 06/10/24 Pending -- -- --
06/03/2024 06/03/24 Price Changed $450,000 0.0% $245 / Sq Ft
05/17/2024 05/17/24 For Sale $450,000 +40.2% $245 / Sq Ft
06/30/2014 06/30/14 Sold $321,000 -2.7% $175 / Sq Ft
05/16/2014 05/16/14 Pending -- -- --
03/04/2014 03/04/14 For Sale $329,900 -- $180 / 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 $8,891 $133,150 $24,700 $108,450
2023 $8,891 $122,950 $22,810 $100,140
2022 $8,477 $114,690 $21,280 $93,410
2021 $8,271 $112,660 $20,900 $91,760
2020 $8,205 $111,540 $20,690 $90,850
2019 $7,942 $109,670 $20,340 $89,330
2018 $7,721 $106,930 $20,340 $86,590
2017 $7,738 $106,930 $20,340 $86,590
2016 $6,975 $106,930 $20,340 $86,590
2015 $7,150 $106,930 $20,340 $86,590
2014 $2,376 $33,670 $20,340 $13,330
2013 $9 $120 $120 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12058782

Midwest Real Estate Data (MRED)

APN: 03-20-35-309-018