NOT LISTED FOR SALE

607 Lake Falls Blvd Savoy, IL 61874

Estimated Value: $766,000 - $932,000

4 Beds
5 Baths
3,890 Sq Ft
$220/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $775,000 $199 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,962/month

2 Days on Market

Highlights

  • Lake Front
  • Deck
  • Formal Dining Room
  • Central High School Rated A
  • Main Floor Bedroom
  • Fenced Yard

About This Home

As of September 2022

Stunning waterfront property in Lake Falls Subdivision will be love at first sight! This grand, gracious, and impressive home boasts five bedrooms, three full baths plus two half baths, a full daylight basement, and approx. 5,485 finished sqft., providing all the space you will ever need for living, working, and entertaining in style and comfort. The dedicated first-floor office/study will allow you to get the necessary work done. The large open kitchen, with everything a gourmet cook would enjoy, offers lots of space to cook, chat, eat and work. The sun-soaked living room with a coffered ceiling is anchored by a floor-to-ceiling stone front fireplace. The pergola-covered back deck off the kitchen will quickly become your favorite peaceful lakefront retreat. As the owners, you will appreciate the private first-floor primary suite with neutral carpeting and boasting an attached spa-like ensuite bath and a fully outfitted walk-in closet. The upper level is complete with three additional bedrooms and two full baths, appointed for comfort and privacy. Take advantage of the additional living space in the daylight basement featuring a huge family/rec room with wet bar, a half bath and the oversized fifth bedroom plus an abundance of unfinished storage space. This home has everything you could need and every space has been designed with comfort and elegance in mind. Take a look today; make this your home before someone else does!

Last Agent to Sell the Property

Nick Taylor

Taylor Realty Associates License #471001633 Listed on: 07/22/2022

Last Buyer's Agent

Creg McDonald

Realty Select One License #471008296

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,601

Year Built

  • Built in 2019

Lot Details

  • Lot Dimensions are 94x21x120x86x120
  • Lake Front
  • Fenced Yard

Parking

  • 4 Car Attached Garage
  • Parking Included in Price

Home Design

  • Vinyl Siding
  • Radon Mitigation System

Interior Spaces

  • 3,890 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Bar
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Utility Room with Study Area
  • Laundry Room
  • Water Views

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Potential Bedrooms
  • Main Floor Bedroom
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level

Finished Basement

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

Outdoor Features

  • Deck

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Two Heating Systems

Community Details

  • Lake Falls Subdivision

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,601

Year Built

Built in 2019

Lot Details

0

Parking

4

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: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: LOT 201 LAKE FALLS SUB PH2
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Disposal
  • Basement: Full
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bathrooms: 5
  • Total Bedrooms: 4
  • Below Grade Finished Sq Ft: 1595
  • Fireplaces: 1
  • Interior Amenities: Bar-Wet, First Floor Bedroom, First Floor Full Bath
  • LivingArea: 3890
  • Other Equipment: Central Vacuum, Radon Mitigation System
  • Room Type: Eating Area, Bedroom 5, Study, Deck
  • Estimated Total Finished Sq Ft: 5485
  • Assessed Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Dining Room: Separate
  • Total Sq Ft: 3890
  • Basement Sq Ft: 2499
  • Fireplace Location: Living Room
  • Total Sq Ft: 6389
  • Unfinished Basement Sq Ft: 904
  • Upper Level Sq Ft: 1357
  • Main Level Sq Ft: 2533
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0
  • Bathroom: Full
  • ResoLivingAreaSource: Other

Exterior Features

  • ExteriorFeatures: Deck
  • List Price: 759000
  • Lot Features: Fenced Yard, Lake Front, Water View
  • Waterfront: Yes
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 4
  • Number of Cars: 4
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage
  • Type: Eating Area-Table Space,Island,Pantry-Walk-in

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Sep Heating Systems - 2+
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

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 Dimensions: 94X21X120X86X120
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 14601.16
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2022
Closed on
Aug 12, 2022
Sold by
Stewart Rick J and Stewart Doyla J
Bought by
Justement Ian and Justement Mary
Seller's Agent
Nick Taylor
Taylor Realty Associates
Buyer's Agent
Creg McDonald
Realty Select One
List Price
$759,000
Sold Price
$775,000
Premium/Discount to List
$16,000
2.11%
Current Estimated Value
$844,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,694
Avg. Annual Appreciation
3.45%
Original Mortgage
$375,000
Outstanding Balance
$319,513
Interest Rate
4.26%
Mortgage Type
New Conventional
Estimated Equity
$537,881

Purchase Details

Closed on
Jul 22, 2020
Sold by
Stewart Rick
Bought by
Stewart Rick and Stewart Doyla J

Purchase Details

Closed on
Mar 21, 2016
Sold by
Savoy Developers Inc
Bought by
Stewart Rick
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Justement Ian $6,000 --
Stewart Rick -- Attorney
Stewart Rick $93,000 First Community Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Justement Ian $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2022 09/16/22 Sold $775,000 +2.1% $199 / Sq Ft
07/25/2022 07/25/22 Pending -- -- --
07/22/2022 07/22/22 For Sale $759,000 -- $195 / 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 $16,745 $234,720 $41,030 $193,690
2023 $16,745 $217,940 $38,100 $179,840
2022 $15,488 $202,550 $35,410 $167,140
2021 $14,601 $192,180 $33,600 $158,580
2020 $14,307 $187,850 $32,840 $155,010
2019 $2,579 $32,390 $32,390 $0
2018 $2,573 $32,390 $32,390 $0
2017 $2,473 $30,990 $30,990 $0
2016 $12 $160 $160 $0
2015 -- $150 $150 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11468234

Midwest Real Estate Data (MRED)

APN: 29-26-01-485-008