2481 Co Rd 550 E, Dewey, IL 61840 Property Records

Champaign County property record for 2481 Co Rd 550 E, Dewey, IL 61840

Property Summary

Property Type	Single Family Home
Details	2 ba · 1,677 sqft · built 2008
Lot Size	1.18 acres (51,401 sqft)
Owner	Individual Name on Record
Last Sale	$330,000 (May 2020)
Tax Bill	$9,233 (2024)
Deeds & Mortgages	Dec 2021 Mortgage May 2020 Sale & Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`16-07-36-126-014`

Property Details

APN / Parcel Number

Primary APN	`16-07-36-126-014`

Interior

Full Baths	2 Baths
Stories	2 Stories
Building Area	1,677 sqft Living Area
Gross Area	4,177 sqft
1st Floor Area	354 sqft
Basement Area	1,677 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 2008
Effective Year Built	Effective 2008
Architectural Style	A-Frame
Construction Type	Frame
Lot Area	51,401 sqft (1.18 acres)
Garage Type	Attached
Garage Area	823 sqft
Parking Spaces	3 Parking Spaces
Porch	Open Frame Porch
Patio Area	240 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central

Location & Zoning

Street Address	2481 COUNTY ROAD 550 E
City	DEWEY
State	IL
Zip	61840-9725
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	LOT 101 SUMMERFIELD SUB, REPLAT LTS 1, 2 AND 3
Legal Range	07E
Legal Township	21N
Legal Section	36
Legal Subdivision	SUMMERFIELD SUB
Legal Lot Number	101
Jurisdiction	CHAMPAIGN IL
Township / Civil Division	NEWCOMB
Census Block Group	3
Census Block	3066
Census Tract	10500

Owner

Source: Champaign County records, as of April 29, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Individual Name on Record
Mailing Address	2481 COUNTY ROAD 550 E, DEWEY, IL 61840-9725
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Dec 15, 2021	Deed of Trust, Mortgage · Conventional Mortgage FREEDOM MORTGAGE CORP
May 6, 2020	Warranty Deed, Transfer · Conventional Mortgage FIRST MID BANK & TRUST NA
Mar 3, 2017	Warranty Deed, Transfer · Conventional Mortgage REGIONS BANK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	May 6, 2020 · Amount on Record
Deed Sale	May 6, 2020 · Amount on Record
Prior Sale	Mar 3, 2017 · Amount on Record
Deed Document Number	20202020R07489
Record Updated	Jun 8, 2026

December 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CHAMPAIGN IL
Property Address	2481 COUNTY ROAD 550 E, DEWEY, IL 61840-9725
Transaction Type	Mortgage
Record Updated	Dec 28, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000029162
Date	Dec 15, 2021
Instrument	2021R29162

Lender

Name	FREEDOM MORTGAGE CORP
Type	Subprime Lender
Address	BOCA RATON, FL 33431

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Jan 1, 2052

May 2020: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	CHAMPAIGN IL
Recording Date	May 6, 2020
Property Address	2481 COUNTY ROAD 550 E, DEWEY, IL 61840-9725
Document Number	0000007489
Map Reference	DOC 2007R00924
Instrument Date	Feb 22, 2020
Instrument	2020R07489
Transaction Type	Transfer
Record Updated	Apr 28, 2022
Title Company	ATTORNEY

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$330.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Tenants by the Entirety
Address	2481 COUNTY ROAD 550 E # 550E, 550E, DEWEY, IL 61840-9725

Mortgage

Document Number	0000007491
Date	May 6, 2020
Instrument	2020R07491

Lender

Name	FIRST MID BANK & TRUST NA
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Jun 1, 2050

March 2017: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	CHAMPAIGN IL
Recording Date	Mar 3, 2017
Property Address	2481 COUNTY ROAD 550 E, DEWEY, IL 61840-9725
Document Number	0000003672
Map Reference	DOC2007R00924
Instrument Date	Feb 28, 2017
Instrument	2017R03672
Transaction Type	Transfer
Record Updated	Apr 28, 2022

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$465.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	00000

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Tenants by the Entirety
Address	2481 COUNTY ROAD 550 E, DEWEY, IL 61840-9725

Mortgage

Document Number	0000003674
Date	Mar 3, 2017
Instrument	2017R03674

Lender

Name	REGIONS BANK
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Mar 1, 2047

Interest

Rate Type	Fixed Rate
Rate	4.25%

Tax Assessment & Valuation

Source: Champaign County assessment roll, as of April 29, 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Champaign County
County Subdivision	Newcomb Township
Unified School District	Mahomet-Seymour Community Unit School District 3 (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$149,450 (+29.13%) Land $36,670 Building $112,780	$448,350 (+29.13%) Land $110,010 Building $338,340
2024	$9,233.00 (+17.54%)
2022	$7,855.00 Homeowner's exemption	$115,740 Land $28,400 Building $87,340	$347,220 Land $85,200 Building $262,020

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective July 14, 2021 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	9 in force
Nearby Flood Claims	3 (1994–2008)
Most Recent Claim	Jun 2008 · alluvial fan flooding

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 80% of the US · above 71% of Illinois
Wildfire Likelihood	0.01% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Internet Providers

Source: FCC Broadband Data Collection, based on 27 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Volo.net Internet+Tech Fiber	1,000 / 1,000

May also be available: Mediacom Xtream, Nextlink.

Cell Coverage

4G LTE (outdoors only), no 5G reported

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