Discover luxury living in Lake Falls with this exceptional 5-bedroom, 4.5-bath residence offering over 3,300 square feet of finished living space. From the sun-drenched two-story great room to the spacious first-floor primary suite and gourmet eat-in kitchen, every detail of this home is designed for elegance and ease. The second floor provides two additional bedroom suites, each complete with its own private full bath for ultimate comfort and privacy. The daylight lower level features a generous family room, kitchenette, two bedrooms, and another full bath-ideal for hosting long-term guests or creating a private retreat. Nestled on a rare corner lot, this home captures scenic views of a stream and mature trees. The backyard is nothing short of a private resort, with professional landscaping, custom-designed seating areas, and a secure fence creating a perfect blend of beauty and privacy.
Closed
$515,000
508 Silver Lake Ct, Savoy, IL 61874
5beds
2,215sqft
Single Family Residence
Built in 2015
0.28 Acres Lot
$519,700 Zestimate®
$233/sqft
$3,424 Estimated rent
Home value
$519,700
$457,000 - $592,000
$3,424/mo
Zestimate® history
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List your homeWhat's special
Professional landscapingAdditional bedroom suitesMature treesSecure fenceCorner lotGenerous family roomCustom-designed seating areas
Zillow last checked:
Listing updated:
Listed by:
Brad Blumenshine 217-840-4381,
Re/max Realty Associates-Mahom
Bought with:
Jill Hess
RE/MAX REALTY ASSOCIATES-CHA
Source: MRED as distributed by MLS GRID,MLS#: 12455934
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Rooms
- Room types: Bedroom 5, Foyer, Pantry, Walk In Closet, Deck, Recreation Room, Other Room
Primary bedroom
- Features: Flooring (Carpet), Bathroom (Full)
- Level: Main
- Area: 238 Square Feet
- Dimensions: 14X17
Bedroom 2
- Features: Flooring (Carpet)
- Level: Second
- Area: 247 Square Feet
- Dimensions: 13X19
Bedroom 3
- Features: Flooring (Carpet)
- Level: Second
- Area: 216 Square Feet
- Dimensions: 18X12
Bedroom 4
- Features: Flooring (Carpet)
- Level: Basement
- Area: 182 Square Feet
- Dimensions: 13X14
Bedroom 5
- Features: Flooring (Carpet)
- Level: Basement
- Area: 143 Square Feet
- Dimensions: 13X11
Deck
- Level: Main
- Area: 220 Square Feet
- Dimensions: 22X10
Dining room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 104 Square Feet
- Dimensions: 13X8
Foyer
- Level: Main
- Area: 81 Square Feet
- Dimensions: 9X9
Kitchen
- Features: Kitchen (Eating Area-Table Space, Pantry-Closet), Flooring (Hardwood)
- Level: Main
- Area: 221 Square Feet
- Dimensions: 13X17
Laundry
- Level: Main
- Area: 117 Square Feet
- Dimensions: 13X9
Living room
- Level: Main
- Area: 378 Square Feet
- Dimensions: 21X18
Other
- Level: Basement
- Area: 96 Square Feet
- Dimensions: 12X8
Pantry
- Level: Main
- Area: 30 Square Feet
- Dimensions: 6X5
Recreation room
- Level: Basement
- Area: 693 Square Feet
- Dimensions: 33X21
Walk in closet
- Level: Main
- Area: 98 Square Feet
- Dimensions: 14X7
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Microwave, Dishwasher, Refrigerator, Cooktop, Oven, Range Hood
Features
- 1st Floor Bedroom, Cathedral Ceiling(s), Wet Bar
- Basement: Finished,Full
- Number of fireplaces: 1
- Fireplace features: Gas Log
Interior area
- Total structure area: 3,356
- Total interior livable area: 2,215 sqft
- Finished area below ground: 1,141
Property
Parking
- Total spaces: 3
- Parking features: Yes, Garage Owned, Attached, Garage
- Attached garage spaces: 3
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 1.5
- Patio & porch: Deck, Patio
- Fencing: Fenced
Lot
- Size: 0.28 Acres
- Dimensions: 100X120
Details
- Parcel number: 292601484001
- Special conditions: None
- Other equipment: Sump Pump
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Stone, Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 2015
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
- Security: Carbon Monoxide Detector(s)
- Subdivision: Lake Falls
HOA
- Has HOA: Yes
- Services included: Other
- HOA fee: $400 annually
Location
- Region: Savoy
Financial & listing details
- Price per square foot: $233/sqft
- Tax assessed value: $565,020
- Annual tax amount: $13,927
- Date on market: 9/5/2025
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 4/24/2026 | Sold | $515,000-6.3%$233/sqft |
Source:  MRED as distributed by MLS GRID #12455934 Report a problem | ||
| 3/25/2026 | Pending sale | $549,900$248/sqft |
Source: MRED as distributed by MLS GRID #12455934 Report a problem | ||
| 3/2/2026 | Price change | $549,900-3.5%$248/sqft |
Source: MRED as distributed by MLS GRID #12455934 Report a problem | ||
| 1/8/2026 | Price change | $569,900-3.2%$257/sqft |
Source: MRED as distributed by MLS GRID #12455934 Report a problem | ||
| 12/6/2025 | Listed for sale | $589,000$266/sqft |
Source: MRED as distributed by MLS GRID #12455934 Report a problem | ||
| 10/8/2025 | Contingent | $589,000$266/sqft |
Source: MRED as distributed by MLS GRID #12455934 Report a problem | ||
| 9/5/2025 | Listed for sale | $589,000+43%$266/sqft |
Source: MRED as distributed by MLS GRID #12455934 Report a problem | ||
| 9/23/2015 | Sold | $412,000-1.9%$186/sqft |
Source: MRED as distributed by MLS GRID #09452647 Report a problem | ||
| 1/6/2015 | Price change | $419,900-2.3%$190/sqft |
Source: Keller Williams Realty - The Real Estate Center of Illinois, LLC. #2143787 Report a problem | ||
| 8/12/2014 | Listed for sale | $429,900+541.6%$194/sqft |
Source: Keller Williams Realty - The Real Estate Center of Illinois, LLC. #2143787 Report a problem | ||
| 6/17/2014 | Sold | $67,000$30/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $13,928 +4.4% | $188,340 +7.7% |
| 2023 | $13,342 +5.4% | $174,870 +7.6% |
| 2022 | $12,656 +6% | $162,520 +5.4% |
| 2021 | $11,944 +2% | $154,200 +2.3% |
| 2020 | $11,710 +3.3% | $150,740 +1.4% |
| 2019 | $11,331 | $148,660 |
| 2018 | $11,331 +4.2% | $148,660 +4.5% |
| 2017 | $10,872 +15.5% | $142,260 +4.6% |
| 2016 | $9,414 | $136,010 +3.7% |
| 2015 | $9,414 +90771.4% | $131,150 +93578.6% |
| 2014 | $10 +2.4% | $140 |
| 2013 | $10 +4.3% | $140 |
| 2012 | $10 -0.8% | $140 |
| 2011 | $10 +2.9% | $140 |
| 2010 | $10 | $140 |
| 2009 | -- | $140 |
| 2008 | -- | $140 +7.7% |
| 2007 | -- | $130 |
Find assessor info on the county website
Neighborhood: 61874
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Nearby schools
GreatSchools rating
- 8/10Carrie Busey Elementary SchoolGrades: K-5Distance: 1.2 mi
- 6/10Jefferson Middle SchoolGrades: 6-8Distance: 4.8 mi
- 4/10Central High SchoolGrades: 9-12Distance: 5.3 mi
Schools provided by the listing agent
- 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
- 508 Silver Lake Ct
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