NOT LISTED FOR SALE

503 Lake Falls Blvd Savoy, IL 61874

Estimated Value: $538,000 - $687,000

5 Beds
3 Baths
2,207 Sq Ft
$280/Sq Ft Est. Value

Last Sold August 01, 2019

Last sale price $475,500 $215 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,379/month

193 Days on Market

Highlights

  • Vaulted Ceiling
  • Ranch Style House
  • Walk-In Pantry
  • Central High School Rated A
  • Wood Flooring
  • Stainless Steel Appliances

About This Home

As of August 2019

Gorgeous new large Westfield open floorplan by Ironwood Homes with a tree lined backdrop. This home has it all as you enter the spacious foyer with tray ceiling/crown molding that opens into the cozy living room with stone fireplace/wood surround, hardwood floors and cathedral clg. The gourmet kitchen features beautiful cabinetry with soft close doors/drawers, large island, granite tops, and GE stainless appliances. The luxurious master suite features raised ceiling, master bath tiled shower with glass door, split double vanities, large WIC with laundry room access. Drop zone with custom lockers and separate laundry room. Finished basement with two additional bedrooms, full bath, wetbar and unfinished area for storage. Pella windows and exterior doors, 2x6 exterior walls, 95% high eff. Trane furnace, 13 SEER AC & 50 gallon powervent hot water heater, plus professionally installed radon mitigation system. Exterior stone/vinyl board/batten accents, yard to be fully sodded.

Last Agent to Sell the Property

Chris Johnson

RE/MAX REALTY ASSOCIATES-CHA License #475123948 Listed on: 11/02/2018

Last Buyer's Agent

Jenny Snodsmith

Realty Select One License #475169231

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,018

Year Built

  • 2018

HOA Fees

  • $13 per month

Parking

  • Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Ranch Style House
  • Slab Foundation
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • Wet Bar
  • Vaulted Ceiling
  • Gas Log Fireplace
  • Entrance Foyer
  • Wood Flooring
  • Laundry on main level

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Built-In Oven
  • Cooktop with Range Hood
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level
  • Dual Sinks
  • Separate Shower

Partially Finished Basement

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

Eco-Friendly Details

  • North or South Exposure

Outdoor Features

  • Patio
  • Porch

Utilities

  • Central Air
  • Heating System Uses Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,018

Year Built

2018

Lot Details

0

HOA Fees

$13 per month

Parking

3

Listing Details

  • Property Type: Detached Single
  • General Information: School Bus Service
  • Age: NEW Ready for Occupancy
  • New Construction: Y
  • Full Bathrooms: 3
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 3
  • Total Sq Ft: 2207
  • Unfinished Basement Sq Ft: 1087
  • Style Of House: Ranch
  • Type Detached: 1 Story
  • Estimated Year Built: 2018
  • Total Sq Ft: 4414
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 2018

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Bar-Wet, Hardwood Floors, 1st Floor Bedroom, 1st Floor Laundry, 1st Floor Full Bath
  • Number Of Rooms: 9
  • Living Room: Dimensions: 20X17, On Level: Main Level, Flooring: Hardwood
  • Appliances: Microwave, Dishwasher, Refrigerator, Disposal, All Stainless Steel Kitchen Appliances, Wine Cooler/Refrigerator, Cooktop, Oven/Built-in, Range Hood
  • Equipment: TV-Cable, CO Detectors, Ceiling Fan, Sump Pump, Backup Sump Pump;, Radon Mitigation System(s)
  • Fireplace Details: Gas Logs
  • Fireplace Location: Living Room
  • Basement: Full
  • Basement: Partially Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 5
  • Below Grade Bedrooms: 2
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Separate Shower, Double Sink
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 5X12, On Level: Main Level, Flooring: Ceramic Tile
  • Dining Room: Dimensions: 14X11, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 14X15, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Breakfast Bar, Eating Area-Table Space, Island, Pantry-Closet
  • Additional Rooms: 5th Bedroom, Foyer
  • Master Bedroom: Dimensions: 16X16, On Level: Main Level, Flooring: Carpet
  • Additional Room 1 Name: 5th Bdrm, Dimensions: 13X15, On Level: Basement, Flooring: Carpet
  • Additional Room 2 Name: Foyer, Dimensions: 12X12, On Level: Main Level, Flooring: Hardwood
  • Bedroom 2: Dimensions: 14X12, On Level: Main Level, Flooring: Carpet
  • Bedroom 3: Dimensions: 15X12, On Level: Main Level
  • Bedroom 4: Dimensions: 15X15, On Level: Basement, Flooring: Carpet
  • Estimated Sq Ft: 2207
  • Estimated Total Finished Sq Ft: 3327
  • Basement Sq Ft: 2207
  • Basement Finished Sq Ft: 1120
  • Main Level Sq Ft: 2207
  • Dining Room Type: Separate
  • Family Room: Dimensions: 21X17, On Level: Basement, Flooring: Carpet

Exterior Features

  • Foundation: Concrete
  • Lot Size: .25-.49 Acre
  • Exterior Building Type: Vinyl Siding, Stone
  • Exterior Property Features: Patio, Porch
  • Exposure: N (North)

Garage/Parking

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

Utilities

  • Electricity: Circuit Breakers, 200+ Amp Service
  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Condo/Co-op/Association

  • Fee Frequency: Annual
  • Assessment Association Fees: 150

Schools

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

Lot Info

  • Lot Dimensions: 95X120X71X120
  • Parcel Identification Number: 292601479003

Tax Info

  • Taxes: NEW

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2018
Closed on
Jul 9, 2019
Sold by
Ironwood Builders Inc
Bought by
Ahmad Kashif Adil and Ahmad Amna Kashif
Seller's Agent
Chris Johnson
RE/MAX REALTY ASSOCIATES-CHA
Buyer's Agent
Jenny Snodsmith
Realty Select One
List Price
$484,900
Sold Price
$475,500
Premium/Discount to List
-$9,400
-1.94%
Current Estimated Value
$614,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,096
Avg. Annual Appreciation
4.07%
Original Mortgage
$451,725
Outstanding Balance
$398,417
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$206,405

Purchase Details

Closed on
Aug 14, 2018
Sold by
Savoy Developers Inc
Bought by
Ironwood Builders Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,390
Interest Rate
4.5%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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
Ahmad Kashif Adil $475,500 Attorney
Ironwood Builders Inc -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahmad Kashif Adil $451,725
Previous Owner Ironwood Builders Inc $780,390
Previous Owner Ironwood Builders Inc $390,195
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2019 08/01/19 Sold $475,500 +1.2% $215 / Sq Ft
05/14/2019 05/14/19 Pending -- -- --
03/11/2019 03/11/19 Price Changed $469,900 -3.1% $213 / Sq Ft
11/02/2018 11/02/18 For Sale $484,900 -- $220 / 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 $12,018 $163,820 $33,440 $130,380
2023 $12,018 $152,110 $31,050 $121,060
2022 $10,946 $141,370 $28,860 $112,510
2021 $10,325 $134,130 $27,380 $106,750
2020 $10,121 $131,110 $26,760 $104,350
2019 $5,482 $129,300 $26,390 $102,910
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10128997

Midwest Real Estate Data (MRED)

APN: 292601479003