NOT LISTED FOR SALE

703 Lake Falls Blvd Savoy, IL 61874

Estimated Value: $666,000 - $784,000

6 Beds
5 Baths
3,760 Sq Ft
$199/Sq Ft Est. Value

Last Sold April 24, 2019

Last sale price $545,000 $145 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $5,458/month

275 Days on Market

Highlights

  • Lake Front
  • Home Theater
  • Vaulted Ceiling
  • Central High School Rated A
  • Contemporary Architecture
  • Wood Flooring

About This Home

As of April 2019

GORGEOUS LAKEFRONT 2007 SHOWCASE WINNER BY CLASSIC HOMES. ENDLESS UPGRADES: AMAZING FRONT DOOR, TALL CEILINGS, LAKE VIEWS, GREAT LANDSCAPING,WIDE PLANK HARDWOOD FLOORS, GRANITE COUNTER TOPS. A DREAM KITCHEN &FORMAL DINING R., 1400 SQ.FT WALKOUT BASEMENT WITH A FULLY EQUIPPED HOME THEATER, A GUEST SUITE, AND FAMILY ROOM COMPLETE WITH A KITCHENETTE/WET BAR AND FIREPLACE. LOTS OF STORAGE SPACE; A MASTER SUIT W/WONDERFUL LAKE VIEWS, A HUGE WALK-IN SHOWER W/ DUAL SHOWER HEADS, A WHIRLPOOL TUB & A LARGE WALK-IN CLOSET. HUGE DECK AND PATIO UNDERNEATH, ALARM SYSTEM, IRRIGATION SYSTEM, AND SOUND SYSTEM THROUGHOUT INCLUDING THE DECK AND PATIO. GIGABIT WIRED ETHERNET W/24 PORT NETWORK SWITCH. PADDLE BOAT INCLUDED.

Last Agent to Sell the Property

Olga Tumanova

KELLER WILLIAMS-TREC License #475138183 Listed on: 06/16/2018

Last Buyer's Agent

Bill Utnage

eXp Realty,LLC-Cha License #475113020

eXp Realty,LLC-Cha

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,449

Year Built

  • 2007

Lot Details

  • Lake Front
  • Southern Exposure

HOA Fees

  • $13 per month

Parking

  • Attached Garage
  • Garage Door Opener
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • Vaulted Ceiling
  • See Through Fireplace
  • Gas Log Fireplace
  • Home Theater
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range
  • Range Hood
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Primary Bathroom is a Full Bathroom
  • In-Law or Guest Suite
  • Bathroom on Main Level
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Partially Finished Basement

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,449

Year Built

2007

Lot Details

0

HOA Fees

$13 per month

Parking

3

Listing Details

  • Property Type: Detached Single
  • Age: 11-15 Years
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 2
  • Ownership: Fee Simple
  • Square Footage Comments: FULL MOSTLY FINISHED WALK OUT BASEMENT FACES THE LAKE.
  • Total Full or Half Bathrooms: 4.1
  • Total Sq Ft: 3760
  • Unfinished Basement Sq Ft: 736
  • Style Of House: Contemporary
  • Type Detached: 1.5 Story
  • Estimated Year Built: 2007
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2007

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Hardwood Floors, 1st Floor Bedroom, In-Law Arrangement, 1st Floor Laundry, 1st Floor Full Bath
  • Number Of Rooms: 11
  • Living Room: Dimensions: 21X18, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, High End Refrigerator, Washer, Dryer, Disposal, All Stainless Steel Kitchen Appliances, Range Hood
  • Fireplace Details: See through/Multi Sided, Gas Logs
  • Fireplace Location: Family Room, Living Room
  • Basement: Full
  • Basement: Partially Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 6
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Whirlpool, Separate Shower, Double Sink
  • Above Grade Bedrooms: 6
  • Laundry: Dimensions: 6X12, On Level: Main Level, Flooring: Porcelain Tile
  • Dining Room: Dimensions: 15X12, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 25X16, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Table Space, Island, Pantry-Closet
  • Additional Rooms: 5th Bedroom, 6th Bedroom, Theatre Room
  • Master Bedroom: Dimensions: 14X19, On Level: Main Level, Flooring: Carpet
  • Additional Room 1 Name: 5th Bdrm, Dimensions: 12X14, On Level: 2nd Level
  • Additional Room 2 Name: 6th Bdrm, Dimensions: 14X19, On Level: Walkout Basement
  • Bedroom 2: Dimensions: 13X16, On Level: 2nd Level, Flooring: Carpet
  • Bedroom 3: Dimensions: 11X14, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 4 Name: Theater Rm, Dimensions: 16X24, On Level: Walkout Basement, Flooring: Carpet
  • Bedroom 4: Dimensions: 13X13, On Level: 2nd Level, Flooring: Carpet
  • Estimated Sq Ft: 3760
  • Estimated Total Finished Sq Ft: 5169
  • Basement Sq Ft: 2145
  • Basement Finished Sq Ft: 1409
  • Main Level Sq Ft: 2145
  • Upper Level Sq Ft: 1615
  • Dining Room Type: Separate
  • Family Room: Dimensions: 21X18, On Level: Walkout Basement, Flooring: Porcelain Tile, Windows: Curtains/Drapes

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Vinyl Siding, Brick, Stone
  • Waterfront: Yes
  • Exposure: S (South)

Garage/Parking

  • Number of Cars: 3
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 3
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: Circuit Breakers, 200+ Amp Service
  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Fee Frequency: Annual
  • Assessment Association Fees: 150

Schools

  • School District: 4
  • Elementary School: Unit 4 School of Choice Elementa
  • Middle School: Unit 4 Junior High School
  • High School: Unit 4 High School
  • Junior High Dist: 4

Lot Info

  • Lot Dimensions: 86X120X110X120
  • Lot Description: Lake Front
  • Parcel Identification Number: 292601481003

Tax Info

  • Taxes: 15190.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2018
Closed on
Apr 23, 2019
Sold by
Lavalle Steven M and Lavalle Anna Maria
Bought by
Zhang Weiping and Fang Ying
Seller's Agent
Olga Tumanova
KELLER WILLIAMS-TREC
Buyer's Agent
Bill Utnage
eXp Realty,LLC-Cha
List Price
$599,900
Sold Price
$545,000
Premium/Discount to List
-$54,900
-9.15%
Total Days on Market
275
Current Estimated Value
$747,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,901
Avg. Annual Appreciation
4.17%
Original Mortgage
$245,000
Outstanding Balance
$165,372
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$540,474

Purchase Details

Closed on
Aug 31, 2007
Sold by
Rasche Homes Inc
Bought by
Law Jolette D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,990
Interest Rate
6.24%
Mortgage Type
Unknown

Purchase Details

Closed on
May 1, 2007
Sold by
Savoy Developers Inc
Bought by
Rasche Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
8.25%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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
Zhang Weiping $545,000 Attorney
Law Jolette D $640,000 None Available
Rasche Homes Inc $100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Weiping $245,000
Previous Owner Lavalle Steven M $415,170
Previous Owner Lavalle Steven M $417,000
Previous Owner Lavalle Steven M $107,400
Previous Owner Law Jolette D $63,990
Previous Owner Law Jolette D $575,910
Previous Owner Rasche Homes Inc $440,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2019 04/24/19 Sold $545,000 -5.2% $145 / Sq Ft
03/18/2019 03/18/19 Pending -- -- --
08/30/2018 08/30/18 Price Changed $575,000 -4.2% $153 / Sq Ft
06/16/2018 06/16/18 For Sale $599,900 +8.7% $160 / Sq Ft
07/15/2014 07/15/14 Sold $552,000 -4.0% $147 / Sq Ft
05/06/2014 05/06/14 Pending -- -- --
09/10/2013 09/10/13 For Sale $575,000 -- $153 / 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 $16,449 $230,690 $44,500 $186,190
2023 $16,449 $214,200 $41,320 $172,880
2022 $15,611 $199,070 $38,400 $160,670
2021 $14,738 $188,870 $36,430 $152,440
2020 $14,450 $184,620 $35,610 $149,010
2019 $14,019 $182,070 $35,120 $146,950
2018 $13,985 $182,070 $35,120 $146,950
2017 $15,190 $196,380 $33,610 $162,770
2016 $13,160 $187,740 $32,130 $155,610
2015 $13,017 $181,040 $30,980 $150,060
2014 $15,041 $209,320 $31,480 $177,840
2013 $13,683 $195,720 $33,440 $162,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09988003

Midwest Real Estate Data (MRED)

APN: 29-26-01-481-003