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Savoy 61874
1005 Cascade Drive
$553,175
● House - Off Market

1005 Cascade Drive

Savoy, IL 61874
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,443 Ft²
$569,655
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

This 5 bedroom, 3.5 bath new construction home features 3,206 finished sq.ft. in the gorgeous Lake Falls subdivision! The first floor boasts an open floor plan with your kitchen, dining, and living room. White Shaker cabinets and a custom black island with quartz countertops and GE stainless steel appliances make the kitchen so unique. You'll find 4 bedrooms upstairs on the 2nd floor, along with your laundry room. The primary bedroom features a large walk-in closet, en-suite bathroom with tiled shower and a 10' vanity for getting ready. The finished basement offers a spacious rec room, 5th bedroom, and another full bath for your entertaining needs. High-efficiency HVAC, water heater, and more! BUILDER TO OFFER INTEREST RATE BUYDOWN CLOSING CREDIT!
Unit Size
2,443 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$229
Property Type
House
Property Taxes
-
HOA Dues
$25
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11690900)

Price History

Date / Event Date Event Price
Apr 10, 2023 Sold
Premium
Sold
Dec 21, 2022 Listed by Champaign County Realty $559,900
Listed by Champaign County Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: LAKE FALLS SUB PHASE 2
  • Land Acres: 0000000220
  • Standard Land Use Code: 8010
  • County Land Use Code: 0032
  • Legal Description 1: LOT 212 LAKE FALLS SUB PHASE 2

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 010901

Geography

  • District: 29
  • Parcel: 29-26-01-486-002
  • Lot: 212
  • Meridian: SEC 01 TWN 18N RNG 08E
  • Municipality: TOLONO
  • Latitude: 40.0422
  • Longitude: -88.2431

    Address

  • Full Address: 1005 Cascade Dr
  • Address - House Number: 1005
  • Address - Street Name: Cascade
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Savoy
  • Carrier Code: R005
  • 4-Digit Zip Code: 4400
  • Zip Code: 61874

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,536
  • Tax Rate Code Area: 2905

    Appraisal Valuation

  • Standard Deviation: 0.1939
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 566,863
  • High Value: 676,802
  • Low Value: 456,924

    Market Valuation

  • Market Total Value: $570
  • Market Land Value: $570

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $190
  • Assessed Land Value: $190

    Sales

  • Current Sale Contract Date: Apr 06, 2023
  • Current Sale Recording Date: Apr 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4536
  • Previous Sale Recording Date: Aug 23, 2022
  • Previous Sale Contract Date: Jul 08, 2022
  • Previous Sale Amount: $65,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Savoy

Stats & Trends

Median Asking:

$384,900

Sale Price/ft²

$179

Below Asking

0.02%

Average Days on Market

69

Average Home Size

2360 ft²

Average Home Age

28.8 years

Currently For Sale

17 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Bill Peifer, Champaign County Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11690900
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1005 Cascade Drive built and last sold?
The property at 1005 Cascade Drive was built in and last sold on Apr 6, 2023 for $553,500.
How much is this home worth?
The estimated value of the home located at 1005 Cascade Drive is $0.
What are some comparable homes to 1005 Cascade Drive?
There are currently no comparable homes to 1005 Cascade Drive.
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