NOT LISTED FOR SALE

701 Lake Falls Blvd Savoy, IL 61874

Estimated Value: $680,000 - $751,000

3 Beds
3.5 Baths
3,911 Sq Ft
$185/Sq Ft Est. Value

Last Sold September 08, 2022

Last sale price $622,000 $159 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,980/month

20 Days on Market

Highlights

  • Waterfront
  • Ranch Style House
  • 3 Car Attached Garage
  • Central High School Rated A
  • Built-In Double Oven
  • Living Room

About This Home

As of September 2022

Outstanding opportunity to live in your own waterfront resort prominently located on one of the few lakeside lots in Savoy's desirable Lake Falls subdivision. Impressive 4,500 square foot home (3,911+ finished and 620+ unfinished storage) with two kitchens, five bedrooms and 3-1/2 baths. Enjoy this luxurious entertainer's delight including a gorgeous open floor plan, vaulted ceilings, ample molding upgrades, hardwood floors throughout, massive stone fireplace and lake views from nearly all rooms. The main floor chef's gourmet kitchen features custom cabinets with under-cabinet lighting, granite counter tops, double convection ovens, induction stovetop, pot filler, microwave, dishwasher, oversized pantry and a new refrigerator. A split-bedroom design includes a massive 17 X 16 first-floor master suite with nine-foot tray ceiling and remote-controlled blinds. Add to that a spacious master bath with heated floors, dual vanity, Jacuzzi tub, oversized double shower (five shower heads), private commode room, lots of cabinet space, plus a huge walk-in closet. For additional, two additional bedrooms are situated at the opposite end of the main floor, separated by a Jack & Jill bathroom with two sinks and ample cabinets. Access the laundry/utility room directly from the three-car garage. Your luxurious upgrades abound: beautiful custom front door, Sonos surround sound system throughout, custom closet and cabinet upgrades, built-in vacuum system, baseboard and wood trim molding everywhere, plus a 200 sq. ft. screened-in deck off the kitchen that will quickly become your favorite peaceful lakefront retreat. Outside, a fully automatic sprinkler system will eliminate your lawn watering chores (and your landscape water bill), as a timed pump draws water directly from the lake. Walk down the interior stairway through a lockable door into a walk-out basement with dual-controlled HVAC and sliding glass door entry from the 180 sq. ft. screened-in backyard patio. This provides seclusion, comfort and privacy for older children or access and security for a possible AirBnB rental. It features two-bedrooms, full bathroom, recreation area (with pool table and 8- 1/2 ft. ceiling), living area and kitchen (with granite counters, custom cabinets, refrigerator, microwave, double-drawer dishwasher and wine cooler. If that isn't enough, feel free to cast your fishing line while sitting next to a crackling fire in the adjacent patio fire pit. This home has everything you could need and every space has been designed with comfort and elegance in mind. Take a look today; it will be love at first sight. Make this your home before someone else does.

Last Agent to Sell the Property

Henry Torn

ListWithFreedom.com License #471018202 Listed on: 07/25/2022

Last Buyer's Agent

Kristine Miller

RE/MAX Realty Associates License #475174656

RE/MAX Realty Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,439

Year Built

  • Built in 2010

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 120x90x120x90
  • Waterfront

Parking

  • 3 Car Attached Garage
  • Driveway
  • Parking Space is Owned

Home Design

  • Ranch Style House
  • Wood Siding

Interior Spaces

  • 3,911 Sq Ft Home
  • Gas Log Fireplace
  • Family Room
  • Living Room
  • Dining Room

Kitchen

  • Built-In Double Oven
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 5 Potential Bedrooms
  • Dual Sinks
  • Separate Shower

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Finished Basement Bathroom

Utilities

  • Central Air

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,439

Year Built

Built in 2010

Lot Details

0

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: 2010
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Double Oven, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Other, Wall Oven
  • Basement: Walkout
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • LivingArea: 3911
  • Room Type: Bedroom 5
  • Estimated Total Finished Sq Ft: 2314
  • Basement Description: Partially Finished
  • Bathroom Amenities: Separate Shower,Double Sink
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 2
  • Total Sq Ft: 3911

Exterior Features

  • Foundation Details: Other
  • Waterfront: Yes
  • Exterior Building Type: Wood Siding

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Driveway: Concrete
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Other
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None

Lot Info

  • Lot Size Acres: 0.24
  • Lot Dimensions: 120X90X120X90
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 13438.58
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2022
Closed on
Aug 31, 2022
Sold by
Wells and Julie
Bought by
Jerry L And Carolyn Sue Simpson Joint Trust
Seller's Agent
Henry Torn
ListWithFreedom.com
Buyer's Agent
Kristine Miller
RE/MAX Realty Associates
List Price
$633,000
Sold Price
$622,000
Premium/Discount to List
-$11,000
-1.74%
Current Estimated Value
$722,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,957
Avg. Annual Appreciation
4.55%

Purchase Details

Listed on
Feb 28, 2020
Closed on
Sep 29, 2020
Sold by
Hobson Robert and Hobson Caroline
Bought by
Wells Craig and Wells Julie
Seller's Agent
Ryan Dallas
RYAN DALLAS REAL ESTATE
Buyer's Agent
Barbara Gallivan
KELLER WILLIAMS-TREC
List Price
$564,900
Sold Price
$500,000
Premium/Discount to List
-$64,900
-11.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.45%
Original Mortgage
$400,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 10, 2017
Closed on
Apr 5, 2018
Sold by
Mennig Erika and Mennig Christopher F
Bought by
Hobson Robert and Hobson Caroline
Seller's Agent
Creg McDonald
Realty Select One
Buyer's Agent
Ryan Dallas
RYAN DALLAS REAL ESTATE
List Price
$575,000
Sold Price
$535,000
Premium/Discount to List
-$40,000
-6.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.60%

Purchase Details

Closed on
Nov 8, 2010
Sold by
Signature Construction Inc
Bought by
Mennig Christopher F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2010
Sold by
Savoy Developers Inc
Bought by
Signature Construction Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,558
Interest Rate
4.54%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Jerry L And Carolyn Sue Simpson Joint Trust -- --
Wells Craig -- None Listed On Document
Hobson Robert $247,500 First Community Title
Mennig Christopher F $286,000 First Community Title
Signature Construction Inc $93,000 First Community Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wells Craig $400,000
Previous Owner Mennig Christopher F $200,000
Previous Owner Signature Construction Inc $293,558
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/08/2022 09/08/22 Sold $622,000 -1.7% $159 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
07/25/2022 07/25/22 For Sale $633,000 +26.6% $162 / Sq Ft
10/28/2020 10/28/20 Sold $500,000 -1.9% $216 / Sq Ft View Prior Sale
08/27/2020 08/27/20 Pending -- -- --
08/17/2020 08/17/20 Price Changed $509,900 -2.9% $220 / Sq Ft
07/10/2020 07/10/20 Price Changed $524,900 -3.7% $227 / Sq Ft
05/20/2020 05/20/20 Price Changed $544,900 -3.5% $235 / Sq Ft
02/28/2020 02/28/20 For Sale $564,900 +5.6% $244 / Sq Ft
04/05/2018 04/05/18 Sold $535,000 -3.6% $231 / Sq Ft View Prior Sale
03/05/2018 03/05/18 Pending -- -- --
01/09/2018 01/09/18 Price Changed $555,000 -0.9% $240 / Sq Ft
12/01/2017 12/01/17 Price Changed $560,000 -0.6% $242 / Sq Ft
11/01/2017 11/01/17 Price Changed $563,500 -0.3% $244 / Sq Ft
10/26/2017 10/26/17 Price Changed $565,000 -0.5% $244 / Sq Ft
10/09/2017 10/09/17 Price Changed $568,000 -0.4% $245 / Sq Ft
06/15/2017 06/15/17 Price Changed $570,000 -0.9% $246 / Sq Ft
05/10/2017 05/10/17 For Sale $575,000 -- $248 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $14,610 $211,000 $44,500 $166,500
2023 $14,610 $195,920 $41,320 $154,600
2022 $14,237 $182,080 $38,400 $143,680
2021 $13,439 $172,750 $36,430 $136,320
2020 $13,176 $168,870 $35,610 $133,260
2019 $12,782 $166,540 $35,120 $131,420
Source: Public Records

Agents Affiliated with this Home

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

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11474056

Midwest Real Estate Data (MRED)

APN: 29-26-01-481-002