NOT LISTED FOR SALE

306 Potomac Ave Savoy, IL 61874

Savoy Area

Estimated Value: $448,000 - $481,000

3 Beds
3.5 Baths
2,083 Sq Ft
$222/Sq Ft Est. Value

Sale Details

Date Sold: March 24, 2025

Last sale price $412,000 $198 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,269 / mo

23 Days on Market

Highlights

  • Open Floorplan
  • Community Lake
  • Recreation Room
  • Central High School Rated A
  • Property is near park
  • Cathedral Ceiling

About This Home

As of March 2025

Nestled in the desirable Savoy section of Liberty on the Lake, this stunning 4-bedroom, 3.5-bathroom home with a finished basement offers over 2,800 square feet of well-designed living space. The popular Madison floor plan by Ironwood Homes features a spacious 3-car garage and a private fenced backyard. The open-concept layout seamlessly connects the living, dining, and entertaining areas, creating an ideal flow for gatherings. A versatile flex room on the main level offers endless possibilities for a home office, playroom, or more. Upstairs, you'll find three generous bedrooms, including the serene master suite, as well as a convenient second-floor laundry room. The fully finished basement is perfect for relaxation and entertainment, with a large rec room, additional bedroom, full bath, and plenty of extra storage. Enjoy peaceful evenings on the patio, shaded from the sun, or, when you prefer to stay inside, unwind by the warmth of the gas fireplace. Don't miss the opportunity to make this beautiful home yours!

Last Agent to Sell the Property

Rick Wilberg

eXp Realty-Champaign License #475126832 Listed on: 01/16/2025

eXp Realty-Champaign

Last Buyer's Agent

Jake Trautman

Champaign County Realty License #471022918

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,156

Year Built

  • Built in 2013

Lot Details

  • Lot Dimensions are 95x120x69x118
  • Paved or Partially Paved Lot

HOA Fees

  • $19 Monthly HOA Fees

Parking

  • 3 Car Garage

Home Design

  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,083 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Living Room
  • Combination Kitchen and Dining Room
  • Recreation Room
  • Granite Countertops

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Laundry on upper level

Basement

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

Location

  • Property is near park

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Association fees include insurance
  • Association Phone (217) 867-5309
  • Liberty On The Lakes Subdivision
  • Community Lake

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,156

Year Built

Built in 2013

Lot Details

9,627 Sq Ft Lot

HOA Fees

$19 per month

Parking

3

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: 2013
  • Age: 11-15 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 442 LIBERTY ON THE LAKE 2 PHASE 1
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Cathedral Ceiling(s), Hardwood Floors, Second Floor Laundry, Walk-In Closet(s), High Ceilings, Open Floorplan, Some Carpeting, Granite Counters, Pantry
  • LivingArea: 2083
  • Room Type: Recreation Room
  • Estimated Total Finished Sq Ft: 2812
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Dining Room: Kitchen/Dining Combo
  • Fireplace Location: Family Room
  • Total Sq Ft: 3074
  • ResoLivingAreaSource: Other

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3

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: .
  • Management Contact Name: .
  • Management Phone: 217-867-5309
  • 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

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 95X120X69X118
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22

Tax Info

  • Tax Annual Amount: 8156
  • Tax Year: 2023

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
Jan 16, 2025
Closed on
Mar 24, 2025
Sold by
Bought by
Seller's Agent
Rick Wilberg
eXp Realty-Champaign
Buyer's Agent
Jake Trautman
Champaign County Realty
List Price
$430,000
Sold Price
$412,000
Premium/Discount to List
-$18,000
-4.19%
Views
130
Current Estimated Value
$462,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,068
Avg. Annual Appreciation
8.41%
Original Mortgage
$370,800
Outstanding Balance
$365,930
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$96,138

Purchase Details

Closed on
Dec 2, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,645
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
4.38%
Mortgage Type
Construction
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Savoy, IL

See All Agents

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
$412,000 None Listed On Document
$298,000 None Available
$53,000 None Available
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 $370,800
Previous Owner $182,645
Previous Owner $234,000
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
03/24/2025 03/24/25 Sold $412,000 -0.7% $198 / Sq Ft
02/08/2025 02/08/25 Pending -- -- --
02/06/2025 02/06/25 Price Changed $415,000 -3.5% $199 / Sq Ft
01/16/2025 01/16/25 For Sale $430,000 -- $206 / 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 $8,576 $138,140 $27,810 $110,330
2024 $8,156 $122,680 $24,700 $97,980
2023 $8,156 $113,280 $22,810 $90,470
2022 $7,774 $105,670 $21,280 $84,390
2021 $7,584 $103,800 $20,900 $82,900
2020 $7,523 $102,770 $20,690 $82,080
2019 $7,282 $101,050 $20,340 $80,710
2018 $7,082 $98,580 $20,340 $78,240
2017 $7,098 $98,580 $20,340 $78,240
2016 $6,398 $98,580 $20,340 $78,240
2015 $6,559 $98,580 $20,340 $78,240
2014 $6,261 $94,740 $20,340 $74,400
2013 $9 $120 $120 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12272111

Midwest Real Estate Data (MRED)

APN: 03-20-35-309-006

Your Personal Tour Guide

Ask me questions while you tour the home.