NOT LISTED FOR SALE

305 Potomac Ave Savoy, IL 61874

Estimated Value: $482,000 - $505,000

4 Beds
3.5 Baths
2,487 Sq Ft
$198/Sq Ft Est. Value

Sale Details

Date Sold: June 16, 2023

Last sale price $430,000 $173 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,480 / mo

1 Day on Market

Highlights

  • Community Lake
  • Property is near park
  • Wood Flooring
  • Central High School Rated A
  • Recreation Room
  • 2 Car Attached Garage

About This Home

As of June 2023

Fantastic 5 bedroom 2-story located in Liberty on the Lakes. Beautiful hardwood floors greet you as you enter and lead you to the open floorplan where the kitchen, dining, and great room are all open to each other. Upstairs you will find 4 bedrooms including the master bedroom with double closets as well as a separate tub and shower. The finished basement has another bedroom and a full bathroom as well. The yard is fenced and the garage is oversized to allow for plenty of storage.

Last Agent to Sell the Property

Rick Wilberg

eXp Realty-Champaign License #475126832 Listed on: 03/11/2023

eXp Realty-Champaign

Last Buyer's Agent

Nate Evans

Nate Evans Group License #475124281

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,658

Year Built

  • Built in 2015

Lot Details

  • Lot Dimensions are 75x118x87x118
  • Paved or Partially Paved Lot

HOA Fees

  • $19 Monthly HOA Fees

Parking

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

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,487 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Gas Log Fireplace
  • Great Room with Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Recreation Room
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Laundry on upper level

Partially Finished Basement

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

Schools

  • Unit 4 Of Choice Elementary School
  • Champaign/Middle Call Unit 4 351
  • Central High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Additional Features

  • Patio
  • Property is near park

Community Details

  • Association fees include insurance
  • Association Phone (217) 867-5309
  • Liberty On The Lakes Subdivision
  • Property managed by LOL HOA
  • Community Lake

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,658

Year Built

Built in 2015

Lot Details

9,583 Sq Ft Lot

HOA Fees

$19 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Liberty on the Lakes
  • Year Built: 2015
  • Age: 6-10 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: LOT 426 LIBERTY ON THE LAKE 2 PHASE 1
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Dishwasher, Refrigerator, Disposal
  • Basement: Full
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Second Floor Laundry, Walk-In Closet(s), Ceiling - 9 Foot, Ceilings - 9 Foot
  • LivingArea: 2487
  • Room Type: Bedroom 5, Eating Area, Recreation Room
  • Estimated Total Finished Sq Ft: 3322
  • Basement Description: Partially Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Fireplace Location: Great Room
  • Total Sq Ft: 3711
  • ResoLivingAreaSource: Builder

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Concrete
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Electric
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 225
  • Association Fee Frequency: Annually
  • Community Features: Park, Lake, Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: LOL HOA
  • Management Contact Name: HOA
  • Management Phone: 217-867-5309
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Insurance

Schools

  • Elementary School: Unit 4 Of Choice
  • High School: Central High School
  • Middle/Junior School: Champaign/Middle Call Unit 4 351

Lot Info

  • Lot Dimensions: 75X118X87X118
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

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

Tax Info

  • Tax Annual Amount: 8658.24
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2023
Closed on
Jun 9, 2023
Sold by
Bought by
Seller's Agent
Rick Wilberg
eXp Realty-Champaign
Buyer's Agent
Nate Evans
Nate Evans Group
List Price
$420,000
Sold Price
$430,000
Premium/Discount to List
$10,000
2.38%
Views
64
Current Estimated Value
$492,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,766
Avg. Annual Appreciation
4.54%
Original Mortgage
$370,000
Outstanding Balance
$357,125
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$135,641

Purchase Details

Listed on
Aug 9, 2015
Closed on
Jul 30, 2015
Sold by
Bought by
Seller's Agent
Edna Carter
RE/MAX REALTY ASSOCIATES-CHA
Buyer's Agent
Edna Carter
RE/MAX REALTY ASSOCIATES-CHA
List Price
$328,738
Sold Price
$334,905
Premium/Discount to List
$6,167
1.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.24%
Original Mortgage
$284,669
Interest Rate
4%
Mortgage Type
New Conventional
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$430,000 None Listed On Document
$335,000 First Community Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $370,000
Previous Owner $284,669
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/16/2023 06/16/23 Sold $430,000 +2.4% $173 / Sq Ft
03/13/2023 03/13/23 Pending -- -- --
03/11/2023 03/11/23 For Sale $420,000 +25.4% $169 / Sq Ft
08/10/2015 08/10/15 Sold $334,905 +1.9% $135 / Sq Ft View Prior Sale
08/10/2015 08/10/15 Pending -- -- --
08/09/2015 08/09/15 For Sale $328,738 -- $132 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $9,780 $156,580 $28,250 $128,330
2024 $9,306 $139,060 $25,090 $113,970
2023 $9,306 $128,410 $23,170 $105,240
2022 $8,874 $119,780 $21,610 $98,170
2021 $8,658 $117,660 $21,230 $96,430
2020 $8,590 $116,500 $21,020 $95,480
2019 $8,316 $114,550 $20,670 $93,880
2018 $8,083 $111,670 $20,670 $91,000
2017 $8,102 $111,670 $20,670 $91,000
2016 $7,303 $111,670 $20,670 $91,000
2015 $10 $111,670 $20,670 $91,000
2014 $10 $120 $120 $0
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: 11735549

Midwest Real Estate Data (MRED)

APN: 03-20-35-308-025

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