NOT LISTED FOR SALE

607 Silver Lake Ct Savoy, IL 61874

Estimated Value: $421,000 - $619,000

3 Beds
3 Baths
2,057 Sq Ft
$261/Sq Ft Est. Value

Last Sold May 24, 2024

Last sale price $562,000 $273 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,095/month

27 Days on Market

Highlights

  • Solar Power System
  • Ranch Style House
  • Entrance Foyer
  • Central High School Rated A
  • 3 Car Attached Garage
  • Solar Heating System

About This Home

As of May 2024

UPDATE! About to go live, sellers ready to schedule early private showings starting tomorrow (Saturday) to pre-approved buyers. Coming soon, quality Ironwood built custom ranch with finished basement, priced right. Will not be able to be shown until posted, early to mid April. Gorgeous property, amazing layout. Actual pictures will post after first week of April FYI. 5 bedrooms, 3 full baths, 3-car garage, 3 ,142 finished square feet plus a huge storage basement room.

Last Agent to Sell the Property

Bradley Coats

RE/MAX REALTY ASSOCIATES-CHA License #475126018 Listed on: 03/09/2024

RE/MAX REALTY ASSOCIATES-CHA

Last Buyer's Agent

Eun Jung Shin

RE/MAX REALTY ASSOCIATES-CHA License #475207509

RE/MAX REALTY ASSOCIATES-CHA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,737

Year Built

  • Built in 2016

Lot Details

  • 9,496 Sq Ft Lot
  • Lot Dimensions are 77x123

HOA Fees

  • $31 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Parking Space is Owned

Home Design

  • Ranch Style House

Interior Spaces

  • 2,057 Sq Ft Home
  • Entrance Foyer
  • Great Room with Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 5 Potential Bedrooms
  • 3 Full Bathrooms

Finished Basement

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

Eco-Friendly Details

  • Solar Power System
  • Solar Heating System

Schools

  • Champaign Elementary School
  • Champaign Junior High School
  • Central High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,737

Year Built

Built in 2016

Lot Details

0

HOA Fees

$31 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 2016
  • Age: 6-10 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 145 LAKE FALLS SUB PHASE 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Finished Sq Ft: 1085
  • Fireplaces: 1
  • LivingArea: 2057
  • Room Type: Bedroom 5, Foyer
  • Estimated Total Finished Sq Ft: 3142
  • Basement Description: Finished,Partially Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 2
  • Total Sq Ft: 2057
  • Basement Sq Ft: 2057
  • Fireplace Location: Great Room
  • Total Sq Ft: 4114
  • Unfinished Basement Sq Ft: 972
  • Upper Level Sq Ft: 0
  • Main Level Sq Ft: 2057
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0
  • ResoLivingAreaSource: Other

Exterior Features

  • List Price: 530000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Electric, Solar
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 375
  • Association Fee Frequency: Annually
  • Master Association Fee Frequency: Not Required
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Champaign Elementary School
  • High School: Central High School
  • Middle/Junior School: Champaign Junior High School
  • Middle/Junior School District: 4

Green Features

  • GreenEnergyEfficient: Photovoltaic/Solar System

Lot Info

  • Lot Size Acres: 0.218
  • Lot Dimensions: 77X123
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 22

Tax Info

  • Tax Annual Amount: 10737
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2024
Closed on
Apr 30, 2024
Sold by
Martin Jeffrey R and Desouza-Martin Rochelle
Bought by
Hur Mikyoung and Kim Jaemin
Seller's Agent
Bradley Coats
RE/MAX REALTY ASSOCIATES-CHA
Buyer's Agent
Eun Jung Shin
RE/MAX REALTY ASSOCIATES-CHA
List Price
$530,000
Sold Price
$562,000
Premium/Discount to List
$32,000
6.04%
Views
2
Current Estimated Value
$572,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,721
Avg. Annual Appreciation
2.86%

Purchase Details

Closed on
Mar 16, 2017
Sold by
Iromwaood Builders Inc
Bought by
Martin Jeffrey R and Martin Rocjelle Desuza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,686
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2016
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
$328,000
Interest Rate
3.47%
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
Hur Mikyoung $562,000 None Listed On Document
Martin Jeffrey R $409,000 First Community Title
Ironwood Builders Inc $54,000 First Community Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martin Jeffrey R $244,400
Previous Owner Martin Jeffrey R $367,686
Previous Owner Ironwood Builders Inc $328,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2024 05/24/24 Sold $562,000 +6.0% $273 / Sq Ft
03/11/2024 03/11/24 For Sale $530,000 -- $258 / 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 $11,325 $160,840 $23,810 $137,030
2023 $11,325 $149,340 $22,110 $127,230
2022 $10,737 $138,790 $20,550 $118,240
2021 $10,129 $131,680 $19,500 $112,180
2020 $9,928 $128,720 $19,060 $109,660
2019 $9,630 $126,950 $18,800 $108,150
2018 $9,607 $126,950 $18,800 $108,150
2017 $1,435 $17,990 $17,990 $0
2016 $11 $150 $150 $0
2015 $10 $140 $140 $0
2014 $10 $140 $140 $0
2013 $10 $140 $140 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12000887

Midwest Real Estate Data (MRED)

APN: 29-26-01-482-004