#12372676, Creg McDonald, Listing office: Realty Select One
$475,000 List price
316 London Way Savoy, IL 61874
4 beds
3 full, 1 partial
2,419 sqft
0.2 acres
$196 / sqft
House
Property details
About 316 London Way
Price just reduced $15K for a quick & clean-cut sale! First time 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!
Highlights
Home typeSingle Family Residence
HeatingNatural Gas
StatusActive
CoolingCentral Air
Size2,419 sqft
BasementYes
Lot size0.188 Acres
Year built2015
ParkingConcrete, Garage Door Opener, On Site, Garage Owned, Attached, Garage
MLS #12374674
Garage2 spaces
FireplaceGas Log
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 3
- Appliances: Microwave, Dishwasher, Refrigerator, Disposal, Stainless Steel Appliance(s), Range Hood, Other, Humidifier
- Basement: Yes
- Interior: Cathedral Ceiling(s), Walk-In Closet(s), Open Floorplan, Granite Counters, Pantry
- Fireplace: Gas Log
- Total Bedroom Count: 4
- Garage Space: 2 spaces
- Parking: Concrete, Garage Door Opener, On Site, Garage Owned, Attached, Garage
- Architectural Style: Traditional
- Heating: Natural Gas
- Cooling: Central Air
- List Price: $475,000
- Price/SqFt: $196
- HOA Amount: $275 Annually
- Annual Tax Amount: $10,533
- Tax Year: 2023
- Directions: From south Neil/45, east on Old Church Road, south on Denton Drive, west on London Way to home
- Year Built: 2015
- Living Area: 2,419 SqFt
- Lot Size: 0.188 Acres
- MLS Number: 12374674
- MLS Name: MRED
- Office Name: RE/MAX REALTY ASSOCIATES-CHA
- Listing Agent: Bradley Coats
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 15, 2014 | Home Sold | $306,500 |
| Jun 17, 2014 | Home Sold | $51,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $133,740 | $10,533 |
| 2022 | $124,300 | $9,979 |
| 2021 | $117,930 | $9,408 |
| 2020 | $115,280 | $9,215 |
| 2019 | $113,680 | $8,933 |
| 2018 | $113,680 | $8,909 |
| 2017 | $108,780 | $8,200 |
History based on county public records data.
Nearby schools
8
Carrie Busey Elementary School
Public District KG-5
0.5 mi
•304 Prairie Rose Ln
6
Vernon L Barkstall Elementary School
Public District KG-5
2.5 mi
•2201 Hallbeck Dr
4
Bottenfield Elementary School
Public District KG-5
3.0 mi
•1801 S Prospect Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $53,914. Most Savoy, IL residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
27%
<35k
53%
35k-100k
18%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
47%
Single, No Kids
9%
Single, with Kids
22%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
6%
12-17 yrs old
38%
18-34 yrs old
33%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Hunting
Monster Trucks
Figure Skating
Where do the neighbors shop?
Dick's Sporting Goods
Wal-Mart
Dillards
Where do the neighbors go to eat?
Texas Roadhouse
Hardee's
Cracker Barrel
What do the neighbors drive?
Subaru
Ram
Cadillac
What do the neighbors listen to?
New Country
Classic Country
News/Talk/Information
All data provided by Home Junction and Claritas
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Frequently asked questions
About 316 London Way
The listing price of 316 London Way property is $475,000.
The property 316 London Way is a house located in Savoy, Illinois, 61874.
Active Listing: 316 London Way is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 316 London Way are: Carrie Busey Elementary School (GreatSchools Rating 8/10), Vernon L Barkstall Elementary School (GreatSchools Rating 6/10), Bottenfield Elementary School (GreatSchools Rating 4/10), Unity Junior High School (GreatSchools Rating 4/10), Edison Middle School (GreatSchools Rating 4/10), Jefferson Middle School (GreatSchools Rating 3/10), Unity High School (GreatSchools Rating 6/10), Urbana High School (GreatSchools Rating 3/10), Centennial High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $10,533 (source: MLS/based on county public records data).
The last sale was on September 15, 2014 for $306,500 (source: MLS/tax record).
The property at 316 London Way has 4 bedrooms and 3 full and 1 half bathrooms.
The property 316 London Way is 2,419 SqFt (source: MLS/tax record).
The year of construction for 316 London Way is 2015.
This home is located at 316 London Way in Savoy, IL and zip code 61874. This 2,419 square foot home, which was built in 2015, sits on a 0.19 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 4, 2025 and is currently priced at $475,000.
In June 2025, from all listings sold in Savoy, IL there were more than 7 sold above asking price, over 4 sold below and more than 0 were sold right at the asked price. Between May and June 2025, Savoy, IL real estate market has seen decrease in the number of listings by 12.2%. While the average time on the market in June 2025 was 32 days, the median list price was $365,500.
From Rocket Homes Real Estate and based on county public records data.