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Savoy 61822
306 Potomac Avenue
$412,000
● House - Off Market

306 Potomac Avenue

Savoy, IL 61874
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,083 Ft²
$2,737
Est. Monthly
$19
HOA / Fees
3.19%
Cap Rate

About This Property

Nestled in the desirable Savoy section of Liberty on the Lake, this stunning 4-bedroom, 3.5-bathroom home with a finished basement offers over 2,800 square feet of well-designed living space. The popular Madison floor plan by Ironwood Homes features a spacious 3-car garage and a private fenced backyard. The open-concept layout seamlessly connects the living, dining, and entertaining areas, creating an ideal flow for gatherings. A versatile flex room on the main level offers endless possibilities for a home office, playroom, or more. Upstairs, you'll find three generous bedrooms, including the serene master suite, as well as a convenient second-floor laundry room. The fully finished basement is perfect for relaxation and entertainment, with a large rec room, additional bedroom, full bath, and plenty of extra storage. Enjoy peaceful evenings on the patio, shaded from the sun, or, when you prefer to stay inside, unwind by the warmth of the gas fireplace.  Don't miss the opportunity to make this beautiful home yours!
Unit Size
2,083 Ft²
Days on Market
-
Land Size
-
Price per sqft
$199
Property Type
House
Property Taxes
$680
HOA Dues
$19
Year Built
-

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Last updated: 2 years ago (MRED MLS #12272111)

Price History

Date / Event Date Event Price
Mar 24, 2025 Sold
Sold
Feb 9, 2025 In contract -
In contract
Feb 7, 2025 Price Decreased $415,000
↓ $15K (3.5%)
Price Decreased
Jan 16, 2025 Listed by eXp Realty,LLC-Champaign $430,000
Listed by eXp Realty,LLC-Champaign

Property Highlights

Fireplace

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: 9,641
  • 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: R
  • Subdivision: LIBERTY ON THE LAKE 2 PHASE 1
  • Land Acres: 0000000221
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 442 LIBERTY ON THE LAKE 2 PHASE 1

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001302

Geography

  • District: 03
  • Parcel: 03-20-35-309-006
  • Lot: 442
  • Meridian: SEC 35 TWN 19N RNG 08E
  • Municipality: CHAMPAIGN
  • Latitude: 40.058
  • Longitude: -88.2739

    Address

  • Full Address: 306 Potomac Ave
  • Address - House Number: 306
  • Address - Street Name: Potomac
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Savoy
  • Carrier Code: R001
  • 4-Digit Zip Code: 8115
  • Zip Code: 61874

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $777,376
  • Tax Rate Code Area: 309

    Appraisal Valuation

  • Standard Deviation: 0.2002
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 432,243
  • High Value: 518,816
  • Low Value: 345,671

    Market Valuation

  • Market Total Value: $317,010
  • Market Land Value: $63,840
  • Market Improvement Value: $253,170

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $105,670
  • Assessed Land Value: $21,280
  • Assessed Improvements Value: $84,390

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 02, 2013
  • Current Sale Recording Date: Dec 23, 2013
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2013R29234
  • Previous Sale Recording Date: Sep 17, 2013
  • Previous Sale Contract Date: Aug 26, 2013
  • Previous Sale Amount: $53,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

About Savoy


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Frequently Asked Questions

When was property at 306 Potomac Avenue built and last sold?
The property at 306 Potomac Avenue was built in and last sold on Dec 2, 2013 for $298,000.
How much is this home worth?
The estimated value of the home located at 306 Potomac Avenue is $418,938.
What are some comparable homes to 306 Potomac Avenue?
There are currently no comparable homes to 306 Potomac Avenue.