NOT LISTED FOR SALE

502 Lake Falls Blvd Savoy, IL 61874

Estimated Value: $530,000 - $739,000

4 Beds
3.5 Baths
4,013 Sq Ft
$168/Sq Ft Est. Value

Last Sold May 13, 2024

Last sale price $691,275 $172 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,700/month

37 Days on Market

Highlights

  • New Construction
  • Landscaped Professionally
  • Wood Flooring
  • Central High School Rated A
  • Traditional Architecture
  • Main Floor Bedroom

About This Home

As of May 2024

This new construction home features an abundant in charm, character, and modern touches. Discover unparalleled craftsmanship and sophistication in this meticulous new build, nestled in one of Savoy's most sought-after neighborhoods. This property combines charm with modern finishes and top-notch quality- no detail or room has been overlooked! Walk into a spacious entryway with an office to your right. Cathedral ceiling, custom trim and an abundance of light give this moody office/flex room a sophisticated feel. The spacious living room is flooded with light, has a cozy gas fireplace, 13 feet tall ceilings and beautiful high-end lighting. The gourmet kitchen is an entertainer's dream and features custom hand-crafted Amish cabinetry with tons of charm, Visual Comfort pendants, stainless steal appliances package with a stunning custom cut quartz backsplash and countertop, as well as a farmhouse sink, and full pantry. The main floor primary bedroom features ceiling details, a gorgeous full bath with garden tub, zero entry shower, double headed shower, and an oversized walk-in closet with built-ins. The power room has hand-picked Aldora wallpaper by Thibaut. The upstairs is a treat. Upstairs you will find three spacious bedrooms and a beautiful full bath with designer tile and finishes. The main floor laundry has an abundance of cabinetry while the mudroom has a spacious design plan with a beautiful custom locker system/cabinetry for your everyday belongings to be disguised. The basement houses an additional bedroom as well as another beautifully designed bath, family room and tons of storage. A full service wet bar is right off the basement family room perfect for entertaining. Move in ready *Broker Interest

Last Agent to Sell the Property

Tabitha Stephens

RE/MAX Rising License #475199449 Listed on: 02/13/2024

RE/MAX Rising

Last Buyer's Agent

Jenny Snodsmith

Realty Select One License #475169231

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 122x96
  • Landscaped Professionally

HOA Fees

  • $31 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Traditional Architecture

Interior Spaces

  • 4,013 Sq Ft Home
  • 1.5-Story Property
  • Wet Bar
  • Built-In Features
  • Mud Room
  • Entrance Foyer
  • Great Room with Fireplace
  • Family Room
  • Combination Kitchen and Dining Room
  • Storage Room
  • Laundry on main level

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Potential Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • Soaking Tub
  • Separate Shower

Finished Basement

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

Outdoor Features

  • Patio

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Lake Falls Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$9

Year Built

Built in 2024 | New Construction

Lot Details

0

HOA Fees

$31 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1.5 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: Yes
  • Property Sub-Type: 1.5 Story
  • Subdivision Name: Lake Falls
  • Year Built: 2024
  • Age: NEW Ready for Occupancy
  • 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: Yes
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Below Grade Finished Sq Ft: 1242
  • Fireplaces: 1
  • Interior Amenities: Bar-Wet, Hardwood Floors, First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Built-in Features, Walk-In Closet(s), Some Carpeting, Pantry
  • LivingArea: 4013
  • Room Type: Bedroom 5, Family Room, Foyer, Mud Room, Storage, Pantry
  • Estimated Total Finished Sq Ft: 4013
  • Basement Description: Finished
  • Bathroom Amenities: Separate Shower,Soaking Tub
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Dining Room: Kitchen/Dining Combo
  • Total Sq Ft: 2771
  • Basement Sq Ft: 1867
  • Fireplace Location: Great Room
  • Square Footage Comments: includes below grade square footage
  • Total Sq Ft: 4638
  • Unfinished Basement Sq Ft: 625
  • Upper Level Sq Ft: 904
  • Main Level Sq Ft: 1867
  • Door Features: French Doors,Sliding Doors
  • Existing Basement/Foundation: Yes
  • ResoLivingAreaSource: Plans

Exterior Features

  • ExteriorFeatures: Patio
  • List Price: 695000
  • Lot Features: Landscaped
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Stone

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • 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
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 375
  • Association Fee Frequency: Annually
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • 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

  • Additional Parcels: No
  • Lot Size Acres: 0.28
  • Lot Dimensions: 122X96
  • Rural (Y/N): N
  • Lot Size: .25-.49 Acre
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

  • Board Number: 23
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 8.9
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2024
Closed on
May 7, 2024
Sold by
Jrs Builders Inc
Bought by
Kibler Kurt and Kibler Morgan
Seller's Agent
Tabitha Stephens
RE/MAX Rising
Buyer's Agent
Jenny Snodsmith
Realty Select One
List Price
$695,000
Sold Price
$691,275
Premium/Discount to List
-$3,725
-0.54%
Views
86
Current Estimated Value
$673,084

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,191
Avg. Annual Appreciation
2.31%
Original Mortgage
$691,275
Outstanding Balance
$684,592
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$27,223

Purchase Details

Closed on
May 26, 2023
Sold by
Savoy Developers Inc
Bought by
Jrs Builders Inc
Source: Public Records

Range of Values:

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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
Kibler Kurt $691,500 None Listed On Document
Jrs Builders Inc $73,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kibler Kurt $691,275
Previous Owner Jrs Builders Inc $548,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2024 05/13/24 Sold $691,275 -0.5% $172 / Sq Ft
03/22/2024 03/22/24 Pending -- -- --
02/13/2024 02/13/24 For Sale $695,000 -- $173 / 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 $9 $203,110 $23,340 $179,770
2023 $9 $120 $120 $0
2022 $9 $110 $110 $0
2021 $8 $100 $100 $0
2020 $8 $100 $100 $0
2019 $7 $100 $100 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11977716

Midwest Real Estate Data (MRED)

APN: 292601478003