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Savoy 61874
701 Lake Falls Boulevard
$622,000
● House - Off Market

701 Lake Falls Boulevard

Savoy, IL 61874
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,911 Ft²
$658,345
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Outstanding opportunity to live in your own waterfront resort prominently located on one of the few lakeside lots in Savoy's desirable Lake Falls subdivision. Impressive 4,500 square foot home (3,911+ finished and 620+ unfinished storage) with two kitchens, five bedrooms and 3-1/2 baths. Enjoy this luxurious entertainer's delight including a gorgeous open floor plan, vaulted ceilings, ample molding upgrades, hardwood floors throughout, massive stone fireplace and lake views from nearly all rooms. The main floor chef's gourmet kitchen features custom cabinets with under-cabinet lighting, granite counter tops, double convection ovens, induction stovetop, pot filler, microwave, dishwasher, oversized pantry and a new refrigerator. A split-bedroom design includes a massive 17 X 16 first-floor master suite with nine-foot tray ceiling and remote-controlled blinds. Add to that a spacious master bath with heated floors, dual vanity, Jacuzzi tub, oversized double shower (five shower heads), private commode room, lots of cabinet space, plus a huge walk-in closet. For additional, two additional bedrooms are situated at the opposite end of the main floor, separated by a Jack & Jill bathroom with two sinks and ample cabinets. Access the laundry/utility room directly from the three-car garage. Your luxurious upgrades abound: beautiful custom front door, Sonos surround sound system throughout, custom closet and cabinet upgrades, built-in vacuum system, baseboard and wood trim molding everywhere, plus a 200 sq. ft. screened-in deck off the kitchen that will quickly become your favorite peaceful lakefront retreat. Outside, a fully automatic sprinkler system will eliminate your lawn watering chores (and your landscape water bill), as a timed pump draws water directly from the lake. Walk down the interior stairway through a lockable door into a walk-out basement with dual-controlled HVAC and sliding glass door entry from the 180 sq. ft. screened-in backyard patio. This provides seclusion, comfort and privacy for older children or access and security for a possible AirBnB rental. It features two-bedrooms, full bathroom, recreation area (with pool table and 8- 1/2 ft. ceiling), living area and kitchen (with granite counters, custom cabinets, refrigerator, microwave, double-drawer dishwasher and wine cooler. If that isn't enough, feel free to cast your fishing line while sitting next to a crackling fire in the adjacent patio fire pit. This home has everything you could need and every space has been designed with comfort and elegance in mind. Take a look today; it will be love at first sight. Make this your home before someone else does.
Unit Size
3,911 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$162
Property Type
House
Property Taxes
$1,120
HOA Dues
-
Year Built
2010

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Last updated: 3 years ago (MRED MLS #11474056)

Price History

Date / Event Date Event Price
Sep 8, 2022 Sold
Sold
Jul 25, 2022 Listed by ListWithFreedom.com $633,000
Listed by ListWithFreedom.com
Oct 6, 2021 No longer available -
No longer available
Aug 28, 2020 In contract -
In contract
Aug 18, 2020 Price Decreased $509,900
↓ $15K (2.9%)
Price Decreased
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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 17
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Floor Cover: 13
  • Basement Type: 6
  • Basement Area: 2,330
  • Garage Type: 1
  • Garage Square Area: 720
  • Parking Space Count: 3
  • Patio Type: 59
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,778
  • Total Building Area: 5,380
  • Gross Building Area: 5,380
  • Building Area: 3,772
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,772
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE FALLS SUB PHASE 1
  • Land Acres: 0000000247
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 123 LAKE FALLS SUB PHASE 1

Neighborhood

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

Geography

  • District: 29
  • Parcel: 29-26-01-481-002
  • Lot: 123
  • Meridian: SEC 01 TWN 18N RNG 08E
  • Municipality: TOLONO
  • Latitude: 40.0414
  • Longitude: -88.2404

    Address

  • Full Address: 701 Lake Falls Blvd
  • Address - House Number: 701
  • Address - Street Name: Lake Falls
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Savoy
  • Carrier Code: R005
  • 4-Digit Zip Code: 7442
  • Zip Code: 61874

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,411,096
  • Tax Rate Code Area: 2905

    Appraisal Valuation

  • Standard Deviation: 0.1118
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 88
  • Final Value: 641,079
  • High Value: 712,802
  • Low Value: 569,355

    Market Valuation

  • Market Total Value: $546,240
  • Market Land Value: $115,200
  • Market Improvement Value: $431,040

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $182,080
  • Assessed Land Value: $38,400
  • Assessed Improvements Value: $143,680

    Sales

  • Current Sale Contract Date: Sep 29, 2020
  • Current Sale Recording Date: Nov 02, 2020
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020R22722
  • Previous Sale Recording Date: Apr 06, 2018
  • Previous Sale Contract Date: Apr 05, 2018
  • Previous Sale Amount: $247,500
  • 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 701 Lake Falls Boulevard built and last sold?
The property at 701 Lake Falls Boulevard was built in 2010 and last sold on Sep 29, 2020 for $500,000.
How much is this home worth?
The estimated value of the home located at 701 Lake Falls Boulevard is $0.
What are some comparable homes to 701 Lake Falls Boulevard?
There are currently no comparable homes to 701 Lake Falls Boulevard.