2485 Co Rd 550 E, Dewey, IL 61840 Property Records

Champaign County property record for 2485 Co Rd 550 E, Dewey, IL 61840

Property Summary

Property Type	Single Family Home
Details	3.5 ba · 3,356 sqft · built 2011
Lot Size	8.37 acres (364,597 sqft)
Owner	2 Individual Names on Record
Last Sale	$570,000 (Nov 2016)
Tax Bill	$10,676 (2024)
Deeds & Mortgages	Aug 2023 Line of Credit Feb 2021 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`16-07-36-126-018`

Property Details

APN / Parcel Number

Primary APN	`16-07-36-126-018`

Interior

Full Baths	3.5 Baths
Half Baths	1 Half Bath
Stories	1 Story
Building Area	3,356 sqft Living Area
Gross Area	5,230 sqft
1st Floor Area	311 sqft
Basement Area	2,016 sqft
Finished Basement	1,029 sqft
Unfinished Basement	987 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 2011
Effective Year Built	Effective 2011
Architectural Style	A-Frame
Construction Type	Frame
Foundation Type	No Foundation
Lot Area	364,597 sqft (8.37 acres)
Garage Type	Attached
Garage Area	887 sqft
Parking Spaces	4 Parking Spaces
Porch	Open Frame Porch

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central

Location & Zoning

Street Address	2485 COUNTY ROAD 550 E
City	DEWEY
State	IL
Zip	61840-9725
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	LOT 103R SUMMERFIELD SUB REPLAT LT 206 OF A REPLAT LT 4 AND LT 103 OF A REPLAT OF LTS 1, 2 AND 3
Legal Range	07E
Legal Township	21N
Legal Section	36
Legal Subdivision	SUMMERFIELD SUB
Legal Lot Number	103R
Jurisdiction	CHAMPAIGN IL
Township / Civil Division	NEWCOMB
Census Block Group	3
Census Block	3066
Census Tract	10500

Owner

Source: Champaign County records, as of August 14, 2026

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

Owner of Record	2 Individual Names on Record
Mailing Address	2485 COUNTY ROAD 550 E, DEWEY, IL 61840-9725
Occupancy	Owner Occupied
Owner Type	Individual
Vesting	Tenants by the Entirety

Deeds, Mortgages & Sale History

Date	Document
Aug 28, 2023	Deed of Trust, Mortgage · Line of Credit PHILO EXCHANGE BANK
Feb 9, 2021	Deed of Trust, Mortgage · Conventional Mortgage HICKORY POINT BANK & TRUST

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Nov 8, 2016 · Amount on Record
Deed Sale	Nov 8, 2016 · Amount on Record
Prior Sale	Oct 22, 2008 · Amount on Record
Deed Document Number	201622121
Record Updated	Sep 20, 2026

August 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CHAMPAIGN IL
Property Address	2485 COUNTY ROAD 550 E, DEWEY, IL 61840-9725
Transaction Type	Mortgage
Record Updated	Sep 6, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2485 COUNTY ROAD 550 E, DEWEY, IL 61840-9725

Mortgage

Document Number	0000012276
Date	Aug 28, 2023
Instrument	2023R12276

Lender

Name	PHILO EXCHANGE BANK
Type	Bank
Address	PHILO, IL 61864

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	61 Months
Due	Aug 31, 2028

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

February 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CHAMPAIGN IL
Property Address	2485 COUNTY ROAD 550 E, DEWEY, IL 61840-9725
Transaction Type	Mortgage
Record Updated	Apr 27, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000002922
Date	Feb 9, 2021
Instrument	2021R02922

Lender

Name	HICKORY POINT BANK & TRUST
Type	Bank
Address	DECATUR, IL 62525

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	180 Months
Due	Feb 1, 2036

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		$182,910 (+37.83%) Land $9,660 Building $173,250	$548,730 Land $28,980 Building $519,750
2024	$10,676.00 (+23.52%)
2022	$8,643.00 Homeowner's exemption Additional exemption filed	$132,710 Land $7,260 Building $125,450

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
Nearest Special Flood Hazard Area	Zone A, within 500 ft
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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