2487 Co Rd 550 E, Dewey, IL 61840 Property Records

Champaign County property record for 2487 Co Rd 550 E, Dewey, IL 61840 · Last verified May 2026

Property Summary

Property Type	Single Family Home
Details	2 ba · 2,420 sqft · built 2014
Lot Size	4.11 acres (179,032 sqft)
Owner	2 Individual Names on File
Last Sale	$79,000 (May 2007)
Tax Bill	$11,598 (2024)
Deeds & Mortgages	Dec 2020 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`16-07-36-126-007`

Property Details

APN / Parcel Number

Primary APN	`16-07-36-126-007`

Interior

Full Baths	2 Baths
Stories	1 Story
Building Area	2,420 sqft Living Area
Gross Area	5,284 sqft
1st Floor Area	643 sqft
Basement Area	2,420 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 2014
Effective Year Built	Effective 2014
Architectural Style	A-Frame
Construction Type	Frame
Lot Area	179,032 sqft (4.11 acres)
Garage Type	Attached
Garage Area	444 sqft
Parking Spaces	2 Parking Spaces
Porch	Open Frame Porch

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central

Location & Zoning

Street Address	2487 COUNTY ROAD 550 E
City	DEWEY
State	IL
Zip	61840-9725
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	LOT 201 SUMMERFIELD SUB, REPLAT LT 4
Legal Range	07E
Legal Township	21N
Legal Section	36
Legal Subdivision	SUMMERFIELD SUB, REPLAT LT 4
Legal Lot Number	201,4
Jurisdiction	CHAMPAIGN IL
Township / Civil Division	NEWCOMB
Census Block Group	3
Census Block	3066
Census Tract	10500

Owner

Source: Champaign County records · APN 16-07-36-126-007

Assessment roll updated April 29, 2026 · Last verified May 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 File
Mailing Address	2487 COUNTY ROAD 550 E, DEWEY, IL 61840-9725
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	2 Verified Names on Deed
Last Sale	May 02, 2007 · Amount on Record
Deed Sale	May 02, 2007 · Amount on Record
Deed Document Number	200710428
Record Updated	Jun 08, 2026

December 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CHAMPAIGN IL
Property Address	2487 COUNTY ROAD 550 E, DEWEY, IL 61840-9725
Transaction Type	Mortgage
Record Updated	Apr 27, 2021
Title Company	CITYWIDE TITLE CORP

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000026569
Date	Dec 17, 2020
Instrument	2020R26569

Lender

Name	JPMORGAN CHASE BANK NA
Type	Bank
Address	COLUMBUS, OH 43240

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Dec 01, 2050

Tax Assessment & Valuation

Source: Champaign County records · Assessment roll updated April 29, 2026 · Last verified May 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

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$190,280 (+32.11%) Land $36,670 Building $153,610	$570,840 (+32.11%) Land $110,010 Building $460,830
2024	$11,598.00 (+17.33%)
2022	$9,885.00 Homeowner's exemption	$144,030 Land $28,400 Building $115,630	$432,090 Land $85,200 Building $346,890

Flood & Wildfire

Source: FEMA National Flood Hazard Layer, Champaign County (17019C), updated July 14, 2021 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified October 2026

Flood

FEMA Flood Zone	Zone X
Flood Hazard	Minimal
500-Year Floodplain	No
Special Flood Hazard Area	No
Nearest Special Flood Hazard Area	Zone A, within 500 ft

Wildfire

Wildfire Risk	Low above 20% of the US · above 71% of Illinois
Wildfire Likelihood	About 1 in 10,000 per year
Exposure	Direct burnable vegetation at the parcel

Values are read at the parcel center point; lenders make the official flood determination.