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$464,500
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Property Description
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!
Full Property Details
Full Property Details for 316 London Way
General
- Sold For: $464,500
- HOA FEE: $23/month
- HOA FEE FREQ.: Annually
- Taxes: $10,533 (2023)
- Status: Closed
- Type: Single Family
- Source: MRED
- MLS ID: 12374674
- Added to Site: 228 day(s) ago
Interior
- Interior Features: Cathedral Ceiling(s), Walk-In Closet(s), Open Floorplan, Granite Counters, Pantry
- Fireplace: Yes
- Fireplace(s): Family Room, Gas Log
- Appliances: Range, Microwave, Dishwasher, Refrigerator, Disposal, Stainless Steel Appliance(s), Range Hood, Other, Humidifier
- Flooring: Hardwood, Laminate
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
- Basement Baths: Yes
- Bathroom Features: Whirlpool, Separate Shower, Double Sink
Bedrooms
- Total Bedrooms: 5
- Bedrooms(Blw Grade): 1
Additional Information
- Equipment: Ceiling Fan(s), Sump Pump, Backup Sump Pump, Radon Mitigation System
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Concrete, Garage Door Opener, On Site, Garage Owned, Attached, Garage
- Parking On-Site: Yes
Location
- Area: Champaign, Savoy
- County: Champaign
- Subdivision: Prairie Meadows
- Driving Directions: From south Neil/45, east on Old Church Road, south on Denton Drive, west on London Way to home
School Information
- School District: 4
- Midd School District: 4
- Elementary School: Champaign Elementary School
- Middle School: Champaign Junior High School
- High School: Central High School
- Private School: Central High School
Community
- Assoc. Fees Include: Other
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas
Utilities
- Water: Public
Structural Information
- Architectural Style: Traditional
- Construction: Vinyl Siding, Stone
- Exterior Const.: Vinyl Siding, Stone
- Basement Desc.: Finished, Full
- Foundation: Concrete Perimeter
- Sub-Flooring: Hardwood, Laminate
- Square Feet: 2,419
- Sq. Ft. Source: Other
- Year Built: 2015
Manufactured Home
- Model: IRONWOOD
Lot Features
- Lot Size (Acres): 0.188
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 68 x 120 x 68 x 120
Financial Considerations
- Association Fee: $275
- Assoc Fee Freq.: Annually
- Assessment Year: 2015
- Tax Amount: $10,533.18
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 292601206007
Listed by Re/Max Realty Associates-Cha
Sold by Coldwell Banker R.E. Group
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Schools
Schools serving 316 London Way
School District:Champaign Community Unit School District 4
| Name | Grades | Distance |
|---|---|---|
Central High School, Champaign, IL 610 West University Avenue, Champaign, IL 61820 | 9-12 | 4.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 316 London Way
Date
Details
Price
Change
Source
9/16/2025
Sold
$464,500
-1.06%
MLS
7/29/2025
Price Reduced
$469,500
-1.16%
MLS
7/07/2025
Price Reduced
$475,000
-3.06%
MLS
6/04/2025
Listed
$489,990
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
316 London Way, Savoy, IL 61874 (MLS# 12374674) is a Single Family property that was sold at $464,500 on September 16, 2025. Want to learn more about 316 London Way? Do you have questions about finding other Single Family real estate for sale in Savoy? You can browse all Savoy real estate or contact a Coldwell Banker agent to request more information.
