506 Silver Lake Court, Savoy, IL 61874

506 Silver Lake Court, Savoy, IL 61874

4 beds 3 baths 1 half baths 2,574 Sqft

Listings courtesy of Trautman Real Estate Agency & Appraisal LLC as distributed by MLS GRID.

Overview Neighborhood Amenities Price details

$815,000 $317/sf Earn $16,300

• Active Under Contract

21 days on Market

$815,000

Credit Back up to $16,300*
$316.63/sf

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Description:

Active Under Contract - Single Family Residence for sale

This property has a pending offer.

5-bedroom, 3.5-bath custom-designed home offering an exceptional blend of luxury, efficiency, and thoughtful design. The outdoor living space is truly a standout, featuring a beautifully crafted patio with spa hottub, expansive deck, and professionally designed landscaping-perfect for both entertaining and everyday enjoyment. Enjoy the long-term savings of fully paid-off solar panels, keeping electric costs remarkably low at approximately $15/month. The spacious first-floor owner's suite provides comfort and convenience, creating a private retreat within the home. Built with performance and efficiency in mind, this home features a high-efficiency HVAC system and water heater, Low-E windows, 2x6 exterior wall construction, Energy Star appliances, pre-wired EV charger, a programmable thermostat, R49 ceiling insulation, and a tightly air-sealed building envelope-delivering superior comfort, durability, and cost savings year-round. The sellers have an assumable VA loan for 4.5% interest available to qualifying buyers.

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Listing Agent:

- Listed by: PJ Trautman

- Brokered by: Trautman Real Estate Agency & Appraisal LLC • 217-888-8585

- Source: MRED as distributed by MLS GRID

- MLS Number: 12623103

- MLS Last Updated: May 17, 2026 at 04:46pm EDT

Location

* School data provided by National Center for Education Statistics, and GreatSchools. Intended for reference only. The GreatSchools Rating is based on a variety of school quality indicators, including test scores, college readiness, and equity data. To verify enrollment eligibility, contact the school or district directly.

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Facts and features:

Community Features: Sidewalks, Street Paved

Furnished: Unfurnished

Status: Active Under Contract

Listed Date: 04/27/2026

Days On Market: 21

Lot Size (Acres): 0.38

Lot Size (Square Feet): 16552.8

See 3 more

HOA:

Association Fee: $200

Structure:

Architectural Style: Traditional

Garage Spaces: 3

Parking Total: 3

Year Built: 2022

Basement: Finished, Full

Construction Materials: Vinyl Siding, Brick

Cooling: Central Air

Fireplace Features: Gas Log

Flooring: Hardwood, Laminate

Foundation Details: Concrete Perimeter

Heating: Natural Gas, Electric

Roof: Asphalt

See 8 more

Utilities:

Sewer: Public Sewer

WaterSource: Public

Tax:

Parcel Number: 292601483011

Location:

Elementary School: Champaign Elementary School

Middle/Junior School: Champaign Junior High School

High School: Champaign High School

Score:

-savoy-for-sale-506 silver lake court, savoy, il 61874-MRED12623103

Mortgage All cash

Monthly expenses $6,772

Property Tax $1,358

HOA Fee $200

Homeowners Insurance $217

Due at Close $786,475

List price $815,000

Closing costs $12,225

beycome Pre-paid title: $99Discover Title Services

beycome Credit Est. $16.3K

Disclaimer

Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Midwest Real Estate Data may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved. Based on information submitted to the MLS GRID as of May 17, 2026 at 04:46pm EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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