NOT LISTED FOR SALE

705 Lake Falls Blvd Savoy, IL 61874

Estimated Value: $623,000 - $777,000

4 Beds
4 Baths
2,540 Sq Ft
$280/Sq Ft Est. Value

Last Sold April 24, 2021

Last sale price $545,000 $215 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $5,211/month

Highlights

  • Lake Front
  • Landscaped Professionally
  • Vaulted Ceiling
  • Central High School Rated A
  • Deck
  • Wood Flooring

About This Home

As of April 2021

Custom ranch built by Signature Homes with walk-out basement and spectacular lake views. 3,600 square feet of finished space, including walkout basement facing the lake.

Last Agent to Sell the Property

Jill Hess

RE/MAX REALTY ASSOCIATES-CHA License #475167225 Listed on: 02/08/2021

RE/MAX REALTY ASSOCIATES-CHA

Last Buyer's Agent

Rick Wilberg

eXp Realty-Champaign License #475126832

eXp Realty-Champaign

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,422

Year Built

  • 2008

Lot Details

  • Lake Front
  • Southern Exposure
  • Fenced Yard
  • Landscaped Professionally

HOA Fees

  • $19 per month

Parking

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

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Wet Bar
  • Built-In Features
  • Bar Fridge
  • Vaulted Ceiling
  • Gas Log Fireplace
  • Great Room
  • Wood Flooring
  • Water Views

Kitchen

  • Built-In Oven
  • Cooktop with Range Hood
  • Microwave
  • Bar Refrigerator
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Finished Basement Bathroom

Outdoor Features

  • Deck
  • Patio
  • Porch

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,422

Year Built

2008

Lot Details

0

HOA Fees

$19 per month

Parking

3

Listing Details

  • Property Type: Detached Single
  • General Information: School Bus Service
  • Age: 11-15 Years
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 3.1
  • Total Sq Ft: 2540
  • Unfinished Basement Sq Ft: 1483
  • Type Detached: 1 Story
  • Estimated Year Built: 2008
  • Tax Exemptions: Homeowner, Senior
  • Total Sq Ft: 5080
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2008

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Bar-Wet, Hardwood Floors, 1st Floor Bedroom, 1st Floor Laundry, 1st Floor Full Bath, Built-in Features, Walk-In Closet(s)
  • Number Of Rooms: 8
  • Living Room: Dimensions: 16X31, On Level: Main Level, Flooring: Hardwood
  • Appliances: Microwave, Dishwasher, Refrigerator, Refrigerator-Bar, Washer, Dryer, Disposal, All Stainless Steel Kitchen Appliances, Cooktop, Oven/Built-in, Range Hood
  • Equipment: Central Vacuum, CO Detectors, Ceiling Fan, Sump Pump, Sprinkler-Lawn
  • Fireplace Details: Gas Logs
  • Fireplace Location: Living Room
  • Basement: Walkout
  • Basement: Partially Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 4
  • Primary Bedroom Bath: A,DOUB,WHIR
  • Above Grade Bedrooms: 4
  • Laundry: Dimensions: 9X13, On Level: Main Level
  • Dining Room: Dimensions: 13X13, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 14X11, On Level: Main Level
  • Additional Rooms: Great Room
  • Master Bedroom: Dimensions: 15X17, On Level: Main Level, Flooring: Carpet
  • Additional Room 1 Name: Great Rm, Dimensions: 31X21, On Level: Walkout Basement, Flooring: Hardwood
  • Bedroom 2: Dimensions: 13X13, On Level: Main Level, Flooring: Carpet
  • Bedroom 3: Dimensions: 13X16, On Level: Main Level, Flooring: Carpet
  • Bedroom 4: Dimensions: 15X11, On Level: Walkout Basement, Flooring: Hardwood
  • Estimated Sq Ft: 2540
  • Estimated Total Finished Sq Ft: 3597
  • Basement Sq Ft: 2540
  • Basement Finished Sq Ft: 1057
  • Main Level Sq Ft: 2540

Exterior Features

  • Foundation: Concrete
  • Lot Size: .25-.49 Acre
  • Exterior Building Type: Vinyl Siding, Brick
  • Roof Type: Asphalt/Glass (Shingles)
  • Waterfront: Yes
  • Exterior Property Features: Deck, Patio, Porch
  • 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
  • Driveway: Concrete
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Condo/Co-op/Association

  • Fee Frequency: Annual
  • Assessment Association Fees: 225

Schools

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

Lot Info

  • Lot Dimensions: 90X120X111X120
  • Lot Description: Fenced Yard, Lake Front, Landscaped Professionally, Water View
  • Parcel Identification Number: 292601481004

Tax Info

  • Taxes: 12740.96

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2021
Closed on
Apr 12, 2021
Sold by
Duttonn J Craig J and Duttonn Linda Shleton
Bought by
Magalhaes Jose Fernando and Barros Ana Paula
Seller's Agent
Jill Hess
RE/MAX REALTY ASSOCIATES-CHA
Buyer's Agent
Rick Wilberg
eXp Realty-Champaign
List Price
$559,000
Sold Price
$545,000
Premium/Discount to List
-$14,000
-2.5%
Current Estimated Value
$707,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,582
Avg. Annual Appreciation
5.96%
Original Mortgage
$490,500
Outstanding Balance
$447,435
Interest Rate
2.97%
Mortgage Type
New Conventional
Estimated Equity
$250,829

Purchase Details

Closed on
Jul 22, 2008
Sold by
Signature Homebuilders Llc
Bought by
Dutton J Craig and Dutton Linda Shelton

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
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 27, 2008
Sold by
Savoy Developers Inc
Bought by
Signature Homebuilders Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,569
Interest Rate
6.32%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Magalhaes Jose Fernando $545,000 None Available
Dutton J Craig $538,500 None Available
Signature Homebuilders Llc $93,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Magalhaes Jose Fernando $490,500
Previous Owner Dutton J Craig $180,000
Previous Owner Dutton J Craig $200,000
Previous Owner Signature Homebuilders Llc $424,569
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2021 04/24/21 Sold $545,000 -2.5% $215 / Sq Ft
03/29/2021 03/29/21 Pending -- -- --
03/29/2021 03/29/21 For Sale $559,000 -- $220 / 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 $15,422 $216,680 $44,500 $172,180
2023 $15,422 $201,190 $41,320 $159,870
2022 $14,633 $186,980 $38,400 $148,580
2021 $13,410 $177,400 $36,430 $140,970
2020 $13,139 $173,410 $35,610 $137,800
2019 $12,741 $171,020 $35,120 $135,900
2018 $12,710 $171,020 $35,120 $135,900
2017 $12,180 $163,660 $33,610 $130,050
2016 $10,533 $156,460 $32,130 $124,330
2015 $10,774 $150,870 $30,980 $119,890
2014 $10,898 $153,320 $31,480 $121,840
2013 $11,302 $162,710 $29,630 $133,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10990845

Midwest Real Estate Data (MRED)

APN: 29-26-01-481-004