408 S Spring Lake Rd Mahomet, IL 61853
Estimated Value: $488,000 - $607,502
5
Beds
3.5
Baths
5,538
Sq Ft
$100/Sq Ft
Est. Value
Highlights
- Lake Front
- Deck
- Vaulted Ceiling
- Community Lake
- Recreation Room
- Traditional Architecture
About This Home
As of July 2023Waterfront home located in Spring Lake subdivision Mahomet offers a peaceful setting, yet is just minutes from the conveniences of town. Custom built home boast over 7,000 Square foot of living space, open floor plan, gourmet eat-in kitchen with large center island, soaring two story ceilings in main living space. The first floor primary suite has private access to the deck that overlooks the lake. Huge potential for the partially finished walk-out basement with large rec-room. Enjoy boating, fishing, swimming, canoeing and other water activities right out your back door. Amazing house to entertain or just enjoy peaceful location!
Last Agent to Sell the Property
Re/max Realty Associates-Mahom License #475190779 Listed on: 05/05/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,909
Year Built
- Built in 1997
Lot Details
- 0.51 Acre Lot
- Lot Dimensions are 100x239.92x107.20x200.78
- Lake Front
HOA Fees
- $42 Monthly HOA Fees
Parking
- 4 Car Attached Garage
- Driveway
- Parking Included in Price
Home Design
- Traditional Architecture
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 5,538 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- Skylights
- Family Room with Fireplace
- Living Room
- Formal Dining Room
- Home Office
- Recreation Room
- Loft
- Heated Sun or Florida Room
- Water Views
- Dormer Attic
Kitchen
- Built-In Oven
- Cooktop
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- Main Floor Bedroom
- Bathroom on Main Level
Laundry
- Laundry Room
- Laundry on main level
Partially Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Outdoor Features
- Tideland Water Rights
- Deck
- Patio
- Porch
Schools
- Mahomet Elementary School
- Mahomet Junior High School
- Mahomet-Seymour High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- Well
- Private or Community Septic Tank
Community Details
- Association fees include lake rights
- Spring Lake Subdivision
- Community Lake
Listing and Financial Details
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 16, 2018
Sold by
Francom Joseph and Francom Robin
Bought by
Francom Martin E and Joseph David Francom Revocable
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Outstanding Balance
$6,578
Interest Rate
4.8%
Mortgage Type
Unknown
Estimated Equity
$547,298
Purchase Details
Listed on
Oct 2, 2017
Closed on
Dec 19, 2017
Sold by
Hall Ronald W and Hall Janet R
Bought by
Francom Joseph and Francom Brobin
Seller's Agent
Lisa Rector
KELLER WILLIAMS-TREC
Buyer's Agent
Nick Taylor
Taylor Realty Associates
List Price
$399,000
Sold Price
$380,000
Premium/Discount to List
-$19,000
-4.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.15%
Original Mortgage
$389,040
Outstanding Balance
$325,591
Interest Rate
3.25%
Mortgage Type
VA
Estimated Equity
$228,285
Similar Homes in Mahomet, IL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Francom Martin E | -- | Attorney | |
| Francom Joseph | $380,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Francom Joseph | $10,000 | |
| Open | Francom Joseph | $389,040 | |
| Previous Owner | Hall Janet R | $50,000 | |
| Previous Owner | Hall Ronald W | $175,500 | |
| Previous Owner | Hall Ronald W | $193,000 | |
| Previous Owner | Hall Ronald W | $190,000 | |
| Previous Owner | Hall Ronald W | $50,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2023 07/07/23 | Sold | $450,000 | -5.2% | $81 / Sq Ft |
| 06/01/2023 06/01/23 | Pending | -- | -- | -- |
| 05/05/2023 05/05/23 | For Sale | $474,900 | +25.0% | $86 / Sq Ft |
| 12/19/2017 12/19/17 | Sold | $380,000 | -4.8% | $67 / Sq Ft |
| 10/23/2017 10/23/17 | Pending | -- | -- | -- |
| 10/02/2017 10/02/17 | For Sale | $399,000 | -- | $71 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $10,545 | $169,910 | $18,030 | $151,880 |
| 2023 | $10,545 | $154,460 | $16,390 | $138,070 |
| 2022 | $9,424 | $142,360 | $15,110 | $127,250 |
| 2021 | $8,909 | $134,550 | $14,280 | $120,270 |
| 2020 | $8,746 | $132,300 | $14,040 | $118,260 |
| 2019 | $8,166 | $130,220 | $13,820 | $116,400 |
| 2018 | $7,922 | $127,410 | $13,520 | $113,890 |
| 2017 | $7,934 | $121,350 | $12,880 | $108,470 |
| 2016 | $7,906 | $121,350 | $12,880 | $108,470 |
| 2015 | $7,941 | $121,350 | $12,880 | $108,470 |
| 2014 | $7,529 | $116,240 | $12,340 | $103,900 |
| 2013 | $7,509 | $116,240 | $12,340 | $103,900 |
Source: Public Records
Agents Affiliated with this Home
-
Bradley Blumenshine
Seller's Agent in 2023
Bradley Blumenshine
Re/max Realty Associates-Mahom
(217) 840-4381
66 Total Sales
-
Russ Taylor
Buyer's Agent in 2023
Russ Taylor
Taylor Realty Associates
(217) 898-7226
580 Total Sales
-
Lisa Rector
Seller's Agent in 2017
Lisa Rector
KELLER WILLIAMS-TREC
(217) 778-3635
388 Total Sales
-
Jen Fisher
Seller Co-Listing Agent in 2017
Jen Fisher
eXp Realty-Mahomet
(217) 369-5956
19 Total Sales
-
Nick Taylor
Buyer's Agent in 2017
Nick Taylor
Taylor Realty Associates
(217) 586-2578
813 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11774685
APN: 15-13-17-326-003
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