NOT LISTED FOR SALE

404 Independence Dr Savoy, IL 61874

Estimated Value: $490,000 - $591,961

3 Beds
3.5 Baths
2,121 Sq Ft
$256/Sq Ft Est. Value

Last Sold May 01, 2023

Last sale price $531,100 $250 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,829/month

Highlights

  • Water Views
  • Home Theater
  • Property is near a park
  • Central High School Rated A
  • Landscaped Professionally
  • Ranch Style House

About This Home

As of May 2023

This amazing ranch home sits on one of the best lots in Liberty on the Lake! An open floor plan with tall ceilings greets you and shows off the views from the windows along the west wall. This space gives a picture-perfect look at the 10 acre park and lake space. Stainless steel appliances, a huge pantry and granite counters with a bar-height peninsula make the kitchen an inviting and attractive space. The master suite is impressive with a stepped ceiling in the bedroom and a walk-in shower with dual vanities and great closet. Bedrooms 2 & 3 on the main level feature a jack-n-jill bath and abundant closet space. Entering from the 3-car garage you'll find a convenient drop-zone with lockers and a dedicated laundry room with sink. A first floor guest bathroom is tucked away from the main living spaces for privacy. You'll love the backyard with a paver patio, fenced yard, raised planters and shade from the summer sun in the afternoons. The backyard gate gives instant access to the walking paths that wind through the neighborhood and park space. Head downstairs to see the rest! This level was designed to allow a multitude of uses with a huge rec room/family room that combines with a full bar (granite counters, refrigerator & sink) and wall-mounted tv. The adjoining room is where you can enjoy the big game, movies or your streaming favorites with full wall projector and screen. There is also an unfinished craft room and plenty of storage space. Updates and Extras: Whole-house back-up generator, tankless water heater, Dual-zone smart thermostats, Roof-2020, HVAC-2019, Kitchen SS Fridge-2022.

Last Agent to Sell the Property

Mark Waldhoff

KELLER WILLIAMS-TREC License #475122749 Listed on: 02/10/2023

KELLER WILLIAMS-TREC

Last Buyer's Agent

Greg Stock

Champaign County Realty License #475124667

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,552

Year Built

  • Built in 2011

Lot Details

  • Lot Dimensions are 120.97x85.41x121.02x74.94
  • Fenced Yard
  • Landscaped Professionally

HOA Fees

  • $19 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Parking Included in Price

Home Design

  • Ranch Style House

Interior Spaces

  • 2,121 Sq Ft Home
  • Wet Bar
  • Bar Fridge
  • Ceiling Fan
  • Gas Log Fireplace
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Theater
  • Home Office
  • Water Views
  • Carbon Monoxide Detectors

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 5 Potential Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on main level
  • Sink Near Laundry
  • Electric Dryer Hookup

Finished Basement

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

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Power Generator
  • Cable TV Available

Additional Features

  • Patio
  • Property is near a park

Community Details

  • Lotlhoa@Libertyonthelakehoa.Com Association
  • Liberty On The Lakes Subdivision
  • Property managed by Liberty on the Lake Homeowners Association

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,552

Year Built

Built in 2011

Lot Details

0

HOA Fees

$19 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple w/ HO Assn.
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Subdivision Name: Liberty on the Lakes
  • Year Built: 2011
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • 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 264 LIBERTY ON THE LAKE 2 PHASE 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Bar Fridge
  • Basement: Full
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 3
  • Below Grade Finished Sq Ft: 1526
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Bar-Wet, First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Walk-In Closet(s)
  • LivingArea: 2121
  • Other Equipment: TV-Cable, CO Detectors, Ceiling Fan(s), Sump Pump, Backup Sump Pump;, Generator
  • Room Type: Bedroom 5, Office, Theatre Room
  • Estimated Total Finished Sq Ft: 3647
  • Assessed Sq Ft: 0
  • Basement Description: Finished
  • Bathroom Amenities: Separate Shower
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 2
  • Dining Room: Separate
  • Total Sq Ft: 2121
  • Basement Sq Ft: 2121
  • Fireplace Location: Living Room
  • Square Footage Comments: Measured by photographer
  • Total Sq Ft: 4242
  • Unfinished Basement Sq Ft: 595
  • Upper Level Sq Ft: 0
  • Main Level Sq Ft: 2121
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0
  • Flooring: Carpet
  • ResoLivingAreaSource: Other

Exterior Features

  • ExteriorFeatures: Patio
  • List Price: 519900
  • Lot Features: Fenced Yard, Landscaped, Water View
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air, Zoned
  • Laundry Features: Electric Dryer Hookup, Sink
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 225
  • Association Fee Frequency: Annually
  • Community Features: Park, Sidewalks
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Liberty on the Lake Homeowners Association
  • Management Contact Name: lotlhoa@libertyonthelakeHOA.com
  • Management Phone: 999-999-9999
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Other

Schools

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

Lot Info

  • Lot Dimensions: 120.97X85.41X121.02X74.94
  • Lot Size: Less Than .25 Acre
  • Special Assessments: Y

Rental Info

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

Tax Info

  • Tax Annual Amount: 9552.16
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2023
Closed on
Apr 12, 2023
Sold by
Jorstad Chip S and Jorstad Jennifer M
Bought by
Meagher Donna L
Seller's Agent
Mark Waldhoff
KELLER WILLIAMS-TREC
Buyer's Agent
Greg Stock
Champaign County Realty
List Price
$519,900
Sold Price
$531,100
Premium/Discount to List
$11,200
2.15%
Current Estimated Value
$539,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,650
Avg. Annual Appreciation
2.44%
Original Mortgage
$332,000
Outstanding Balance
$324,330
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$236,741

Purchase Details

Closed on
Jun 14, 2011
Sold by
Signature Homebuilders Llc
Bought by
Jorstad Chip S and Jorstad Jennifer M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
3.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 14, 2011
Sold by
Jorstad Chip S and Jorstad Jennifer M
Bought by
Signature Homebuilders Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,176
Interest Rate
4.76%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 10, 2009
Sold by
Rasche Homes Inc
Bought by
Jorstad Chip S and Jorstad Jennifer M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
3.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 28, 2009
Sold by
Liberty On The Lake Llc
Bought by
Rasche Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
3.25%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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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
Meagher Donna L $531,500 None Listed On Document
Jorstad Chip S $368,500 First Community Title
Signature Homebuilders Llc $72,000 First Community Title
Jorstad Chip S $72,000 None Available
Rasche Homes Inc $51,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meagher Donna L $332,000
Previous Owner Jorstad Chip S $90,000
Previous Owner Jorstad Chip I S $244,000
Previous Owner Jorstad Chip S $95,000
Previous Owner Jorstad Chip S $295,000
Previous Owner Jorstad Chip S $295,000
Previous Owner Jorstad Chip Steven $35,000
Previous Owner Jorstad Chip S $295,320
Previous Owner Signature Homebuilders Llc $296,176
Previous Owner Jorstad Chip S $30,000
Previous Owner New Line Homes Inc $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2023 05/01/23 Sold $531,100 +2.2% $250 / Sq Ft
02/14/2023 02/14/23 For Sale $519,900 -- $245 / Sq Ft
02/13/2023 02/13/23 Pending -- -- --
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 $10,262 $152,690 $28,680 $124,010
2023 $10,262 $140,990 $26,480 $114,510
2022 $9,790 $131,520 $24,700 $106,820
2021 $9,552 $129,190 $24,260 $104,930
2020 $9,477 $127,910 $24,020 $103,890
2019 $8,952 $125,770 $23,620 $102,150
2018 $8,700 $119,730 $23,620 $96,110
2017 $8,719 $122,640 $23,620 $99,020
2016 $7,860 $122,640 $23,620 $99,020
2015 $7,959 $122,640 $23,620 $99,020
2014 $7,927 $118,350 $23,620 $94,730
2013 $7,798 $118,350 $23,620 $94,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11716902

Midwest Real Estate Data (MRED)

APN: 03-20-35-306-009