NOT LISTED FOR SALE

606 Silver Lake Ct Savoy, IL 61874

Estimated Value: $540,000 - $618,000

4 Beds
3.5 Baths
2,504 Sq Ft
$233/Sq Ft Est. Value

Last Sold February 20, 2024

Last sale price $533,000 $213 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,219/month

4 Days on Market

Highlights

  • Heated Floors
  • Waterfront
  • Community Lake
  • Central High School Rated A
  • Mature Trees
  • Deck

About This Home

As of February 2024

A must-see five bedroom, three and a half bathroom custom-built home located in the sought after subdivision, Lake Falls. Enjoy the picturesque view of the neighborhood's lake and creek and take advantage of close proximity to schools, parks, grocery stores and shopping. As you walk in, you'll notice beautiful hardwood flooring covering most of the main level and a welcoming hall tree perfect for guests to hang their coats and store their shoes. Heading into the thoughtfully designed kitchen, you have an abundant amount of counter space and custom natural finish cabinets providing plenty of storage. Enjoy a double-doored pantry next to the breakfast nook flanked by windows and seamlessly flowing from the kitchen. Don't forget about the separate dining area that is perfect for special occasions or family dinners. The living room features a large window, 12-foot coffered ceilings, and custom built in shelving around the fireplace. Finishing off the main level is a drop zone off the three-car garage, a half bath and an office tucked away from the rest of the living space. Upstairs, the spacious primary suite has 12-foot tray ceilings, huge windows overlooking the lake and creek, and a full bath with a double vanity, heated tile floor, private water closet and adjacent walk-in closet with adjustable shelving. The second floor includes three other bedrooms with large closets, a full bathroom, and a conveniently located laundry room. The daylight basement has tons of natural light from the wall of windows and includes the fifth bedroom and a full bathroom (perfect for guests), a family room and a wet bar. The unfinished portion of the basement houses your mechanicals and is large enough to be used as a home gym. The backyard is fully fenced in and has an elevated deck and concrete patio. Recent updates include the backyard fence (2022) and a new roof (2021), and all windows have custom treatments that stay with the home. This home truly has it all, don't miss the opportunity to enjoy it yourself.

Last Agent to Sell the Property

Barbara Gallivan

KELLER WILLIAMS-TREC License #475126516 Listed on: 01/18/2024

KELLER WILLIAMS-TREC

Last Buyer's Agent

Kimberly Clark

RE/MAX REALTY ASSOCIATES-CHA License #475132428

RE/MAX REALTY ASSOCIATES-CHA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,524

Year Built

  • Built in 2008

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 120 x 74
  • Waterfront
  • Fenced Yard
  • Mature Trees

HOA Fees

  • $31 Monthly HOA Fees

Parking

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

Home Design

  • Traditional Architecture
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,504 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Built-In Features
  • Vaulted Ceiling
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Home Office
  • Unfinished Attic

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Potential Bedrooms
  • Walk-In Closet
  • Dual Sinks

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Partially Finished Basement

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

Outdoor Features

  • Pond
  • Deck
  • 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
  • 200+ Amp Service

Community Details

  • Association fees include insurance
  • Lake Falls Subdivision
  • Community Lake

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,524

Year Built

Built in 2008

Lot Details

0

HOA Fees

$31 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Lake Falls
  • Year Built: 2008
  • Age: 16-20 Years
  • 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: No
  • Legal Description: LOT 137 LAKE FALLS SUB PHASE 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Built-In Oven, Range Hood, Gas Cooktop
  • Basement: Full
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Below Grade Finished Sq Ft: 854
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Bar-Wet, Hardwood Floors, Heated Floors, Second Floor Laundry, Built-in Features, Walk-In Closet(s)
  • LivingArea: 2504
  • Room Type: Bedroom 5, Breakfast Room, Office
  • Estimated Total Finished Sq Ft: 3358
  • Basement Description: Partially Finished
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Dining Room: Separate
  • Total Sq Ft: 2504
  • Basement Sq Ft: 1178
  • Fireplace Location: Living Room
  • Total Sq Ft: 3682
  • Unfinished Basement Sq Ft: 324
  • Upper Level Sq Ft: 1188
  • Attic: Unfinished
  • Main Level Sq Ft: 1316
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0
  • ResoLivingAreaSource: Builder

Exterior Features

  • ExteriorFeatures: Deck, Patio
  • Foundation Details: Concrete Perimeter
  • List Price: 489900
  • Lot Features: Fenced Yard, Pond(s), Mature Trees
  • Roof: Asphalt
  • Waterfront: Yes
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 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: 200+ Amp Service
  • Heating: Natural Gas
  • Laundry Features: Gas Dryer Hookup, Electric Dryer Hookup, In Unit
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 375
  • Association Fee Frequency: Annually
  • Community Features: Lake, Curbs, Sidewalks
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Insurance, 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

  • Lot Size Acres: 0.2
  • Lot Dimensions: 120 X 74
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

  • Board Number: 22
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 11524
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2024
Closed on
Feb 9, 2024
Sold by
Vayr Bryan J and Vayr Emily Cross
Bought by
Barnard Eric M and Barnard Jessa M
Seller's Agent
Barbara Gallivan
KELLER WILLIAMS-TREC
Buyer's Agent
Kimberly Clark
RE/MAX REALTY ASSOCIATES-CHA
List Price
$489,900
Sold Price
$533,000
Premium/Discount to List
$43,100
8.8%
Views
26
Current Estimated Value
$582,783

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,783
Avg. Annual Appreciation
6.18%
Original Mortgage
$506,350
Outstanding Balance
$499,909
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$82,874

Purchase Details

Listed on
Sep 22, 2020
Closed on
Apr 22, 2021
Sold by
Lewis Angela R
Bought by
Vayr Brian J and Vayr Emily Cross
Seller's Agent
Marty Carlson
Taylor Realty Associates
Buyer's Agent
Barbara Gallivan
KELLER WILLIAMS-TREC
List Price
$425,000
Sold Price
$415,000
Premium/Discount to List
-$10,000
-2.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.31%
Original Mortgage
$332,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 23, 2018
Closed on
Dec 10, 2018
Sold by
Buchner David M and Huhman Marian E
Bought by
Lewis Angela R
Seller's Agent
Annette La Brecque
Coldwell Banker R.E. Group
Buyer's Agent
Marty Carlson
Taylor Realty Associates
List Price
$439,500
Sold Price
$415,000
Premium/Discount to List
-$24,500
-5.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%
Original Mortgage
$325,000
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2008
Sold by
Signature Homebuilders Llc
Bought by
Buchner David M and Huhman Marian E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,000
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 2008
Sold by
Savoy Developers Inc
Bought by
Signature Home Builders Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$379,868
Interest Rate
5.93%
Mortgage Type
Construction
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
Barnard Eric M $533,000 None Listed On Document
Vayr Brian J $415,000 Attorney
Lewis Angela R $415,000 Attorney
Buchner David M $410,000 None Available
Signature Home Builders Llc $72,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barnard Eric M $506,350
Previous Owner Vayr Brian J $332,000
Previous Owner Lewis Angela R $325,000
Previous Owner Buchner David M $293,778
Previous Owner Buchner David M $320,000
Previous Owner Buchner David M $369,000
Previous Owner Signature Home Builders Llc $379,868
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2024 02/20/24 Sold $533,000 +8.8% $213 / Sq Ft
01/23/2024 01/23/24 Pending -- -- --
01/18/2024 01/18/24 For Sale $489,900 +18.0% $196 / Sq Ft
04/29/2021 04/29/21 Sold $415,000 -2.4% $166 / Sq Ft
03/11/2021 03/11/21 Pending -- -- --
10/05/2020 10/05/20 For Sale $425,000 +2.4% $170 / Sq Ft
10/02/2020 10/02/20 Off Market $415,000 -- --
09/22/2020 09/22/20 For Sale $425,000 +2.4% $170 / Sq Ft
12/31/2018 12/31/18 Sold $415,000 -1.0% $166 / Sq Ft
11/20/2018 11/20/18 Pending -- -- --
11/06/2018 11/06/18 Price Changed $419,000 -2.3% $167 / Sq Ft
11/06/2018 11/06/18 Price Changed $429,000 0.0% $171 / Sq Ft
07/13/2018 07/13/18 Price Changed $429,000 -2.4% $171 / Sq Ft
03/23/2018 03/23/18 For Sale $439,500 -- $176 / 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 $12,152 $172,120 $32,950 $139,170
2023 $12,152 $159,810 $30,590 $129,220
2022 $11,524 $148,520 $28,430 $120,090
2021 $10,873 $140,910 $26,970 $113,940
2020 $10,658 $137,740 $26,360 $111,380
2019 $10,338 $135,840 $26,000 $109,840
2018 $9,916 $135,840 $26,000 $109,840
2017 $10,725 $145,420 $24,880 $120,540
2016 $9,271 $139,030 $23,790 $115,240
2015 $9,524 $134,070 $22,940 $111,130
2014 $9,635 $136,250 $23,310 $112,940
2013 $8,701 $126,640 $22,970 $103,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11951883

Midwest Real Estate Data (MRED)

APN: 29-26-01-481-016