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403 Lake Falls Boulevard

403 Lake Falls Boulevard, Savoy, IL 61874
Property in Tolono
Sold Jan 05, 2021
$663,000
$511,109 by Busey Bank
Mortgage Due Feb 01, 2051
Sold Sep 29, 2020
$75,000
$494,701 by Heartland Bank & Trust Co
Mortgage Due Mar 24, 2021
403 Lake Falls Boulevard has been categorized by the local assessors in Savoy, IL as a residential type of property.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The property was last sold in Nov 17, 2020 for $663,000. Prior to that sales transaction, the property was also sold in Jul 12, 2020 for $75,000. 403 Lake Falls Boulevard was last assessed in 2022. The total value of the property was assessed at $194,310. Specifically, the land the property is located on was valued at $27,600. While improvements on the property were assessed at a total of $166,710. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $15,226. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAKE FALLS SUB PHASE 4
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 413 LAKE FALLS SUB PHASE 4

Ownership

  • Current Owner : SMITH MATTHEW C
  • Current Owner 2: SMITH MELISSA A
  • Previous Owner : SIGNATURE CONSTRUCTION INC
  • Owner Before Previous Owner: SAVOY DEVELOPERS INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

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

Geography

  • District: 29
  • Parcel: 29-26-01-479-015
  • Lot: 413
  • Municipality: TOLONO
  • Latitude: 40.0418
  • Longitude: -88.2464

    Address

  • Full Address: 403 Lake Falls Blvd
  • Address - House Number: 403
  • Address - Street Name: Lake Falls
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Savoy
  • Carrier Code: R005
  • 4-Digit Zip Code: 7474
  • Zip Code: 61874

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $15,226
  • Tax Rate Code Area: 2905

    Appraisal Valuation

  • Standard Deviation: 0.2406
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 66
  • Final Value: 744,166
  • High Value: 923,273
  • Low Value: 565,058

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $511,109
  • First Open Lien Mortgage Lender: BUSEY BANK
  • First Open Lien Mortgage Recording Date: Jan 05, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $511,109
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2051

    Market Valuation

  • Market Total Value: $582,930
  • Market Land Value: $82,800
  • Market Improvement Value: $500,130

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $194,310
  • Assessed Land Value: $27,600
  • Assessed Improvements Value: $166,710

    Sales

  • Current Sale Contract Date: Nov 17, 2020
  • Current Sale Recording Date: Jan 05, 2021
  • Current Sale Transaction ID: 11811914102
  • Current Sale Price: $663,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R00149
  • Previous Sale Recording Date: Sep 29, 2020
  • Previous Sale Contract Date: Jul 12, 2020
  • Previous Sale Amount: $75,000
  • Previous Sale Document Type: Corporation Deed

    Last Sale Mortgage

  • First Mortgage Lender: BUSEY BANK
  • First Mortgage Transaction Date: Jan 05, 2021
  • First Mortgage Loan Amount: $511,109
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: HEARTLAND BANK & TRUST CO
  • Previous Mortgage Transaction Date: Sep 29, 2020
  • Previous Mortgage Loan Amount: $494,701
  • Previous Mortgage Term: 5
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Mar 24, 2021

About Champaign



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$2,000 /mo

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Frequently Asked Questions

What neighborhood is 403 Lake Falls Boulevard located in?
The 403 Lake Falls Boulevard is a located in the neighborhood of Tolono in Champaign, Savoy.
What is the average sales price for listings in 403 Lake Falls Boulevard?
The average sales price for units in 403 Lake Falls Boulevard is $0 currently.

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