NOT LISTED FOR SALE

501 Lake Falls Blvd Savoy, IL 61874

Estimated Value: $608,000 - $688,000

5 Beds
4 Baths
2,565 Sq Ft
$257/Sq Ft Est. Value

Last Sold August 28, 2023

Last sale price $605,000 $236 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,573/month

12 Days on Market

Highlights

  • Recreation Room
  • Vaulted Ceiling
  • Whirlpool Bathtub
  • Central High School Rated A
  • Main Floor Bedroom
  • Formal Dining Room

About This Home

As of August 2023

Stunning like new construction located in Savoy's beautiful Lake Falls Subdivision. The natural light is abundant with oversized windows that overlook your tree lined backyard view. Tall ceilings. spacious great room with gas fireplace and stone surround. There are 6 bedrooms and 4 full bathrooms with a full finished basement. This beautiful kitchen features white maple shaker cabinets, quartz countertops. large island, tiled backsplash and walk-in pantry. With a first floor bedroom/office with a full bath, drop zone, dining room and a 3 car garage. Upstairs you will find an oversized master bedroom, custom tile shower and spa tub, double sinks and large walk in closet. Three additional bedrooms, full bath and laundry finish out the second story. Finished basement with a large rec room features a gas fireplace, complete with wet bar, bedroom, full bath and storage. Schedule your showing for this luxurious home.

Last Agent to Sell the Property

Jenny Snodsmith

Realty Select One License #475169231 Listed on: 06/14/2023

Last Buyer's Agent

Nick Tangen

RE/MAX REALTY ASSOCIATES-CHA License #475181437

RE/MAX REALTY ASSOCIATES-CHA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,229

Year Built

  • Built in 2019

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 120 x 86.76
  • Paved or Partially Paved Lot

Parking

  • 3 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Space is Owned

Home Design

  • Radon Mitigation System
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,565 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Recreation Room
  • Bonus Room
  • Carbon Monoxide Detectors

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Potential Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 4 Full Bathrooms
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on upper level

Finished Basement

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

Outdoor Features

  • Patio

Schools

  • Champaign/Middle Call Unit 4 351
  • Central High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Cable TV Available

Community Details

  • Lake Falls Subdivision

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,229

Year Built

Built in 2019

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Lake Falls
  • Year Built: 2019
  • Age: 1-5 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 403 LAKE FALLS SUB PHASE 4
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Disposal
  • Basement: Full
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Below Grade Finished Sq Ft: 930
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Bar-Wet, First Floor Bedroom, Second Floor Laundry, First Floor Full Bath
  • LivingArea: 2565
  • Other Equipment: TV-Cable, CO Detectors, Ceiling Fan(s), Sump Pump, Backup Sump Pump;, Radon Mitigation System
  • Room Type: Bedroom 5, Bedroom 6, Bonus Room, Recreation Room, Other Room
  • Estimated Total Finished Sq Ft: 3495
  • Basement Description: Finished
  • Bathroom Amenities: Whirlpool,Separate Shower,Double Sink
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Dining Room: Separate
  • Total Sq Ft: 2565
  • Basement Sq Ft: 1396
  • Fireplace Location: Family Room
  • Total Sq Ft: 3961
  • Unfinished Basement Sq Ft: 466
  • Upper Level Sq Ft: 1169
  • Main Level Sq Ft: 1396
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0
  • Flooring: Carpet
  • ResoLivingAreaSource: Builder

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • List Price: 619000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Stone

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers, 200+ Amp Service
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Sidewalks, Street Lights, Street Paved
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

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

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.24
  • Lot Dimensions: 120 X 86.76
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22

Tax Info

  • Tax Annual Amount: 11228.58
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 4, 2024
Sold by
Kumar Versha Versha and Kumar Suneel Suneel
Bought by
Kumar Suneel and Thourani Versha Kumar
Current Estimated Value
$658,189

Purchase Details

Listed on
Jun 14, 2023
Closed on
Aug 23, 2023
Sold by
Pedros Hyppolte-Pedroso and Pedros Yoandry
Bought by
Kumar Suneel and Kumar Versha Suneel
Seller's Agent
Jenny Snodsmith
Realty Select One
Buyer's Agent
Nick Tangen
RE/MAX REALTY ASSOCIATES-CHA
List Price
$619,000
Sold Price
$605,000
Premium/Discount to List
-$14,000
-2.26%
Views
57

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.09%

Purchase Details

Closed on
Jun 3, 2020
Sold by
Singnature Construction Inc
Bought by
Hyppolite Pedroso Erlyne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$447,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2018
Sold by
Savoy Developers Inc
Bought by
Signature Construction Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,600
Interest Rate
4.5%
Mortgage Type
Commercial
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
Kumar Suneel -- None Listed On Document
Kumar Suneel $605,000 None Listed On Document
Hyppolite Pedroso Erlyne -- Attorney
Signature Construction Inc $80,000 First Commerce Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hyppolite Pedroso Erlyne $447,000
Previous Owner Signature Construction Inc $378,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2023 08/28/23 Sold $605,000 -2.3% $236 / Sq Ft
06/27/2023 06/27/23 Pending -- -- --
06/14/2023 06/14/23 For Sale $619,000 -- $241 / 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 $11,842 $167,880 $33,450 $134,430
2023 $11,842 $155,880 $31,060 $124,820
2022 $11,229 $144,870 $28,870 $116,000
2021 $10,593 $137,450 $27,390 $110,060
2020 $10,869 $134,360 $26,770 $107,590
2019 $4,502 $145,880 $26,400 $119,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11804871

Midwest Real Estate Data (MRED)

APN: 292601479004