Price reduced, fantastic price for a quick & clean-cut sale on a great property! First time ever offered... Original-owner custom home in sought-after 'Prairie Meadows... Quality-built by Ironwood. Beautiful curb-appeal with the exterior stone and front covered porch (southern exposure). Fantastic layout with useful extra rooms built into the design along with tons of storage. From the covered front porch, you enter the dramatic 2-story foyer with the grand staircase and the 'formal-flex' living room up front. Wood floors extend into the huge open kitchen with taller '9-ft' ceilings, upscale cabinetry, granite, nicer stainless appliances w/exterior venting, center-island and 2 pantries, one a big walk-in style. For the busy Chef's out there, you have a separate adjoining little '2nd working kitchen) where you can do additional cooking & baking simultaneously, all vented to the exterior with the high-end hood unit, keeping the home super fresh even on the big cooking events and parties. The main level family room is an open-concept design and is centered with the beautiful stone fireplace with mantle & convenient gas-log set. There is a mud-room 'Drop Zone' custom built off the enlarged garage with double carpenter-built in benches w/upper bins and storage. And do not miss the hidden separate cozy computer room / home-office there as well. The upper level features a large primary master suite with cathedral ceilings, a full double-sink private bath with tiled separate shower and a jetted tub along with double sinks, plus a very deep walk-in-closet. Bedroom's 2, 3 and 4 are upstairs as well as the convenient 2nd floor laundry room with soaking tub. The basement was professionally finished by Ironwood as well, and features a 5th private bedroom, another full bath, a downstairs family room wired for both a projection unit and Dolby 7.1, a rec-room space with nicer tile look-comfort flooring that has a hidden adjoining exercise 'treadmill room' behind the double doors to keep the equipment stashed. Easy to miss is the the long storage room tucked behind the mechanical area and the extra storage closet space. Quality 'Trane' high-efficiency furnace and central air in this efficient built home will keep your utilities low for this much space (3,259 finished sq ft), and the house has a built-in active radon air system too. The entire roof had all new architectural-grade better shingles in 2020 too. Home is very close to Colbert Park, the two lakes, right by the neighborhood walkway, and enjoys low Savoy taxes with Champaign schools. Don't miss out on this must-see home... call your agent today!
Closed
$464,500
316 London Way, Savoy, IL 61874
5beds
2,419sqft
Single Family Residence
Built in 2015
8,189.28 Square Feet Lot
$476,500 Zestimate®
$192/sqft
$3,367 Estimated rent
Home value
$476,500
$429,000 - $529,000
$3,367/mo
Zestimate® history
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List your homeWhat's special
Beautiful stone fireplaceFull double-sink private bathSouthern exposureWood floorsHuge open kitchenExterior stoneHigh-end hood unit
Zillow last checked:
Listing updated:
Listing courtesy of:
Bradley Coats 217-840-2064,
RE/MAX REALTY ASSOCIATES-CHA
Bought with:
Jing Allen
Coldwell Banker R.E. Group
Source: MRED as distributed by MLS GRID,MLS#: 12374674
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Primary bedroom
- Features: Flooring (Carpet), Bathroom (Full)
- Level: Second
- Area: 240 Square Feet
- Dimensions: 16X15
Bedroom 2
- Features: Flooring (Carpet)
- Level: Second
- Area: 132 Square Feet
- Dimensions: 12X11
Bedroom 3
- Features: Flooring (Carpet)
- Level: Second
- Area: 120 Square Feet
- Dimensions: 12X10
Bedroom 4
- Features: Flooring (Carpet)
- Level: Second
- Area: 120 Square Feet
- Dimensions: 12X10
Bedroom 5
- Features: Flooring (Carpet)
- Level: Basement
- Area: 143 Square Feet
- Dimensions: 13X11
Dining room
- Features: Flooring (Wood Laminate)
- Level: Main
- Area: 192 Square Feet
- Dimensions: 16X12
Exercise room
- Features: Flooring (Vinyl)
- Level: Basement
- Area: 56 Square Feet
- Dimensions: 8X7
Family room
- Features: Flooring (Wood Laminate)
- Level: Main
- Area: 238 Square Feet
- Dimensions: 17X14
Other
- Features: Flooring (Carpet)
- Level: Basement
- Area: 285 Square Feet
- Dimensions: 19X15
Foyer
- Features: Flooring (Wood Laminate)
- Level: Main
- Area: 64 Square Feet
- Dimensions: 8X8
Kitchen
- Features: Kitchen (Eating Area-Table Space, Island, Pantry-Walk-in, Granite Counters, Pantry), Flooring (Wood Laminate)
- Level: Main
- Area: 196 Square Feet
- Dimensions: 14X14
Kitchen 2nd
- Features: Flooring (Ceramic Tile)
- Level: Main
- Area: 63 Square Feet
- Dimensions: 9X7
Laundry
- Features: Flooring (Ceramic Tile)
- Level: Second
- Area: 48 Square Feet
- Dimensions: 8X6
Living room
- Features: Flooring (Wood Laminate)
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11X11
Mud room
- Features: Flooring (Ceramic Tile)
- Level: Main
- Area: 42 Square Feet
- Dimensions: 7X6
Office
- Features: Flooring (Carpet)
- Level: Main
- Area: 91 Square Feet
- Dimensions: 13X7
Pantry
- Features: Flooring (Wood Laminate)
- Level: Main
- Area: 30 Square Feet
- Dimensions: 6X5
Recreation room
- Features: Flooring (Vinyl)
- Level: Basement
- Area: 180 Square Feet
- Dimensions: 15X12
Storage
- Features: Flooring (Other)
- Level: Basement
- Area: 154 Square Feet
- Dimensions: 22X7
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Range, Microwave, Dishwasher, Refrigerator, Disposal, Stainless Steel Appliance(s), Range Hood, Other, Humidifier
- Laundry: Upper Level, Sink
Features
- Cathedral Ceiling(s), Walk-In Closet(s), Open Floorplan, Granite Counters, Pantry
- Flooring: Hardwood, Laminate
- Basement: Finished,Full
- Number of fireplaces: 1
- Fireplace features: Gas Log, Family Room
Interior area
- Total structure area: 3,629
- Total interior livable area: 2,419 sqft
- Finished area below ground: 840
Property
Parking
- Total spaces: 2
- Parking features: Concrete, Garage Door Opener, On Site, Garage Owned, Attached, Garage
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 2
- Patio & porch: Patio
Lot
- Size: 8,189 sqft
- Dimensions: 68X120X68X120
Details
- Parcel number: 292601206007
- Special conditions: None
- Other equipment: Ceiling Fan(s), Sump Pump, Backup Sump Pump;, Radon Mitigation System
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Stone
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 2015
Details
- Builder model: IRONWOOD
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Park, Lake, Sidewalks, Street Lights
Location
- Region: Savoy
- Subdivision: Prairie Meadows
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $275 annually
- Services included: Other
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 9/16/2025 | Sold | $464,500-1.1%$192/sqft |
Source:  MRED as distributed by MLS GRID #12374674 Report a problem | ||
| 7/30/2025 | Contingent | $469,500$194/sqft |
Source: MRED as distributed by MLS GRID #12374674 Report a problem | ||
| 7/29/2025 | Price change | $469,500-1.2%$194/sqft |
Source: MRED as distributed by MLS GRID #12374674 Report a problem | ||
| 7/7/2025 | Price change | $475,000-3.1%$196/sqft |
Source: MRED as distributed by MLS GRID #12374674 Report a problem | ||
| 6/4/2025 | Listed for sale | $489,990+59.9%$203/sqft |
Source: MRED as distributed by MLS GRID #12374674 Report a problem | ||
| 9/15/2014 | Sold | $306,500+501%$127/sqft |
Source: Public Record Report a problem | ||
| 6/17/2014 | Sold | $51,000$21/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $11,004 +4.5% | $144,040 +7.7% |
| 2023 | $10,533 +5.5% | $133,740 +7.6% |
| 2022 | $9,980 +6.1% | $124,300 +5.4% |
| 2021 | $9,409 +2.1% | $117,930 +2.3% |
| 2020 | $9,216 +3.4% | $115,280 +1.4% |
| 2019 | $8,910 | $113,680 |
| 2018 | $8,910 +8.6% | $113,680 +4.5% |
| 2017 | $8,201 +15.6% | $108,780 +4.6% |
| 2016 | $7,096 | $103,990 +3.7% |
| 2015 | $7,096 +322429.1% | $100,280 +334166.7% |
| 2014 | $2 | $30 |
| 2013 | -- | -- |
Find assessor info on the county website
Neighborhood: 61874
Nearby schools
GreatSchools rating
- 8/10Carrie Busey Elementary SchoolGrades: K-5Distance: 0.5 mi
- 6/10Jefferson Middle SchoolGrades: 6-8Distance: 4.1 mi
- 4/10Central High SchoolGrades: 9-12Distance: 4.5 mi
Schools provided by the listing agent
- Elementary: Champaign Elementary School
- Middle: Champaign Junior High School
- High: Central High School
- District: 4
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Illinois
- Champaign County
- Savoy
- 61874
- 316 London Way
Nearby cities
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