Lakewood Falls is a neighborhood in Romeoville, Illinois. Lakewood Falls mostly features midsize homes that are very reasonably priced. This community dates back to 1995 and has continued to develop over the years.
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Quick Facts

  • Current Prices:$149,900 to $475,000
  • Closed Prices:$110,261 to $414,766
  • Median Sale Price:$190,000
  • Average $ per sq ft:$127
  • Association Fee Ranges:$200,$0 to $63,$30 to $182/mo
(based on data from the last 12 months)
  • Type:Attached Home (Condo, Townhouse, Loft, etc.), Single Family Home
  • Age:1993 to 2017
  • Sq. Ft.:1 to 6,600Sq. Ft.
  • Bedrooms:1 to 6Bedrooms
  • Bathrooms:1 to 3Bathrooms
  • Lot Sizes: - 5+ acres


This community has numerous amenities available for residents to enjoy. Among its luxurious amenities, this community features a great clubhouse. A major benefit for families that move to this community is that there are many great parks and playgrounds nearby. Community members and their guests can make use of the beautiful tennis courts.


An array of home designs and prices can be found in the wonderful community of Lakewood Falls. Most common in this area are single-family homes, which usually have monthly home owner association fees ranging from $30 to $182, master fees ranging from $37 to $59, and taxes for the year range from as low as $3,519 to as high as $9,187. There are also a variety of attached homes. Those usually have annual home owner association fees ranging from $30 to $182, master fees and taxes for the year can range from $2,474 to $4,519. It is typical for the homes in the community to have unfinished basements. The homesites in the community are usually about a quarter acre in size. Most residences boast a traditional driveway and garage setup.


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(3 Reviews)

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"Affordable Neighborhood"

Nice neighborhood with lots of friendly people. My wife and I have friends here and considered moving her ourselves. Onsite parks are nice for the kids!

"Great Parks and Ponds"

This neighborhood has affordable homes with lots of dedicated areas for parks, ponds and walking. These ponds are loaded with large mouth bass - I've caught many over 20 inches.

"Lots of home for the money"

Great home values here. Big neighborhood, but very friendly. Lots of park area.