506 Silver Falls St Joliet, IL 60431
Estimated payment $3,128/month
Total Views
4,450
3
Beds
2.5
Baths
2,646
Sq Ft
$151
Price per Sq Ft
Highlights
- Very Popular Property
- Community Lake
- Loft
- Airport or Runway
- Property is near a park
- Breakfast Room
About This Home
Welcome to this stunning 2021-built home where thoughtful UPGRADES, generous space, and natural light come together beautifully. Perfectly situated on a west-facing lot in an established neighborhood, this home blends the perks of NEW construction with the attraction of a budding community-without the wait. A charming and spacious front porch sets the tone, perfect for morning coffee or evening chats, welcoming you home with warmth and undeniable curb appeal. Step inside to an expansive entryway and you'll find a versatile room ideal for a home office, sitting room for quiet reading, a formal dining area. The heart of the home features free-flowing living, dining, kitchen area, anchored by the highly sought-after SUNROOM upgrade. This eastern sunlit space adds additional square footage and is bathed in morning light-perfect for cheerful gatherings and everyday living. The kitchen is a showstopper with extensive builder upgrades: gleaming white cabinetry, sleek granite countertops, stainless steel appliances, and an abundance of canned lighting for a modern, polished feel. Throughout the main level, you'll find upgraded luxury vinyl plank flooring. Upstairs, the home continues to impress with stylish dark railings that provide a rich contrast and cohesive design, oversized bedrooms, raised vanities in the bathrooms, and an expansive LOFT that offers flexibility as a second family room, play area, or game space. This loft could be easily converted to a very large 4th bedroom. Extensive upgraded canned lighting throughout the upper level adds warmth and brightness, allowing the home to feel truly inviting. Each bedroom is accessorized with a timeless yet trendy ceiling light/fan, blending comfort with style. The second-floor laundry room is as functional as it is beautiful, featuring an eye-catching accent wall and a built-in folding table for added convenience. The backyard delivers an uninterrupted, open view with no rear neighbors-providing peace, privacy, and breathtaking sunsets. The unfinished basement offers even more potential, including a bump-out that mirrors the upstairs sunroom addition-ideal for future expansion or customized storage. This home offers modern living, designer finishes, and a location that's already established-welcome home! Right off of Hwy 55 and Hwy 80, just minutes from accessibility. Guess what?...This neighborhood has a sidewalk straight to the elementary school....a nine minute WALK! Mornings and afternoons can't get any easier.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,012
Year Built
- Built in 2021
HOA Fees
- $20 Monthly HOA Fees
Parking
- 2 Car Garage
- Driveway
- Off-Street Parking
Home Design
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,646 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Family Room
- Combination Dining and Living Room
- Breakfast Room
- Loft
- Carbon Monoxide Detectors
Kitchen
- Range
- Microwave
- High End Refrigerator
- Dishwasher
- Stainless Steel Appliances
- Disposal
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Dual Sinks
- Soaking Tub
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Schools
- Troy Heritage Trail Elementary School
- Troy Middle School
- Joliet West High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Additional Features
- Lot Dimensions are 123x65
- Property is near a park
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Melinda Jara Association, Phone Number (847) 806-6121
- Silver Leaf Subdivision, Ellwood Floorplan
- Property managed by PSI
- Community Lake
Amenities
- Airport or Runway
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2023 | $11,012 | $119,875 | $15,811 | $104,064 |
| 2022 | $10,254 | $113,432 | $14,961 | $98,471 |
| 2021 | $1,069 | $11,500 | $11,500 | $0 |
| 2020 | $824 | $8,861 | $8,861 | $0 |
| 2019 | $802 | $8,500 | $8,500 | $0 |
| 2018 | $438 | $4,500 | $4,500 | $0 |
| 2017 | $446 | $6,700 | $6,700 | $0 |
| 2016 | $478 | $4,650 | $4,650 | $0 |
| 2015 | -- | $3,804 | $3,804 | $0 |
| 2014 | -- | $3,804 | $3,804 | $0 |
| 2013 | -- | $3,804 | $3,804 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2025 08/07/25 | For Sale | $400,000 | -- | $151 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $336,753 | Greater Illinois Title | |
| Warranty Deed | $837,501 | Attorney | |
| Quit Claim Deed | $750,000 | Stewart Title Company | |
| Sheriffs Deed | $750,000 | Stewart Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $330,638 | FHA |
Source: Public Records
Similar Homes in the area
Source: Midwest Real Estate Data (MRED)
MLS Number: 12439927
APN: 05-06-14-410-004
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