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$815,000

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • 2,574 Sq. Ft.
  • 3 Car Garage
  • Updated 2 days ago
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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.

Full Property Details for 506 Silver Lake Ct

General

  • Price: $815,000
  • HOA FEE: $17/month
  • HOA FEE FREQ.: Annually
  • Taxes: (2024)
  • Status: Active
  • Type: Single Family
  • Source: MRED
  • MLS ID: 12623103
  • Updated: 5/5/2026
  • Added to Site: 10 day(s) ago

Rental Information

  • Complex Features: Sidewalks, Street Paved

Interior

  • Basement: Finished, F
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Living Room, Gas Log
  • Flooring: Hardwood, Laminate

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement Baths: Yes
  • Bathroom Features: Separate Shower

Bedrooms

  • Total Bedrooms: 5
  • Bedrooms(Blw Grade): 1

Additional Information

  • Other Features: School Bus Service

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 3
  • Total Spaces: 3
  • Parking Features: Concrete, Garage Door Opener, Yes, Garage Owned, Attached, Garage

Location

  • Area: Champaign, Savoy
  • County: Champaign
  • Township: Tolono
  • Driving Directions: East on Airport Rd from Rt 45, north on Cascade, west on Silver Lake Ct

School Information

  • School District: 4
  • Elem School District: 4
  • Midd School District: 4
  • High School District: 4
  • Elementary School: Champaign Elementary School
  • Middle School: Champaign Junior High School
  • High School: Champaign High School
  • Private School: Champaign High School

Community

  • Assoc. Fees Include: None

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Natural Gas, Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Traditional
  • Architectural Style: Traditional
  • Construction: Vinyl Siding, Brick
  • Exterior Const.: Vinyl Siding, Brick
  • Basement: Yes
  • Basement Desc.: Finished, Full
  • Foundation: Concrete Perimeter
  • Roof: Asphalt
  • Sub-Flooring: Hardwood, Laminate
  • Square Feet: 2,574
  • Sq. Ft. Source: Builder
  • Year Built: 2022

Lot Features

  • Lot Size (Acres): 0.38
  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 133 x 170 x 120 x 120

Financial Considerations

  • Association Fee: $200
  • Assoc Fee Freq.: Annually
  • Parking Included: Yes
  • Assessment Year: 2022
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 292601483011

Listed by Trautman Real Estate Agency & Appraisal LLC

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— 506 Silver Lake Ct —

  • Trautman Real Estate Agency & Appraisal LLC

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Schools serving 506 Silver Lake Ct

School District:Champaign Community Unit School District 4
NameGradesDistance
Carrie Busey Elementary School
304 Prairie Rose Lane, Savoy, IL 61874
K-51.2 mi
Vernon L Barkstall Elementary School
2201 Hallbeck Drive, Champaign, IL 61822
K-53.2 mi
Bottenfield Elementary School
1801 South Prospect Avenue, Champaign, IL 61820
K-53.8 mi
Jefferson Middle School, Champaign, IL
1115 Crescent Drive, Champaign, IL 61821
6-84.8 mi
Edison Middle School, Champaign, IL
306 West Green Street, Champaign, IL 61820
6-84.9 mi
Franklin Middle School, Champaign, IL
817 North Harris Avenue, Champaign, IL 61820
6-85.9 mi
Central High School, Champaign, IL
610 West University Avenue, Champaign, IL 61820
9-125.3 mi
Robeson Elementary School
2501 Southmoor Drive, Champaign, IL 61821
K-54.3 mi
South Side Elementary School
715 South New Street, Champaign, IL 61820
K-54.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 506 Silver Lake Ct Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/28/2026
Listed
$815,000
28.45%
MLS
8/24/2022
Sold
$634,500
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 506 Silver Lake Ct

Year
Property Taxes
Change
Tax Assessment
Change
2024
-100%
$222,240
8%
2022
$14
—
$205,590
8%
2022
$14
—
$190,890
112188%
2022
$14
-7%
$170
6%
2021
$15
—
$160
—
2020
$15
15%
$160
—
2019
$13
—
$160
—
2018
$13
8%
$160
7%
2017
$12
—
$150
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Trautman Real Estate Agency & Appraisal LLC

506 Silver Lake Court, Savoy, IL 61874 (MLS# 12623103) is a Single Family property with 5 bedrooms, 3 full bathrooms and 1 partial bathroom. 506 Silver Lake Court is currently listed for $815,000 and was received on April 28, 2026. Want to learn more about 506 Silver Lake Court? 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.

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