2490 Co Rd 550 E, Dewey, IL 61840 Property Records

Champaign County property record for 2490 Co Rd 550 E, Dewey, IL 61840

Property Summary

Property Type	Single Family Home
Lot Size	3.5 acres (152,460 sqft)
Owner	2 Individual Names on Record
Last Sale	$925,000 (Mar 2022)
Tax Bill	$16,770 (2024)
Deeds & Mortgages	Mar 2022 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`16-07-36-200-022`

Property Details

APN / Parcel Number

Primary APN	`16-07-36-200-022`

Exterior

Lot Area	152,460 sqft (3.5 acres)

Location & Zoning

Street Address	2490 COUNTY ROAD 550 E
City	DEWEY
State	IL
Zip	61840-9725
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	LOT 202 SUMMERFIELD EAST SUB, REPLAT LOTS 2 AND 3
Legal Range	07E
Legal Township	21N
Legal Section	36
Legal Subdivision	SUMMERFIELD EAST SUB, REPLAT
Legal Lot Number	202
Jurisdiction	CHAMPAIGN IL
Township / Civil Division	NEWCOMB
Census Block Group	3
Census Block	3064
Census Tract	10500

Owner

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

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of Record	2 Individual Names on Record
Mailing Address	2490 COUNTY ROAD 550 E, DEWEY, IL 61840-9725
Occupancy	Owner Occupied
Owner Type	Individual
Vesting	Joint Tenants

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Mar 1, 2022 · Amount on Record
Deed Sale	Mar 1, 2022 · Amount on Record
Prior Sale	Aug 15, 2013
Deed Document Number	20223883
Record Updated	Oct 29, 2026

March 2022: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	CHAMPAIGN IL
Recording Date	Mar 1, 2022
Property Address	2490 COUNTY ROAD 550 E, DEWEY, IL 61840-9725
Document Number	0000003883
Map Reference	DOC 2013R19288
Instrument Date	Feb 22, 2022
Instrument	2022R03883
Transaction Type	Transfer
Record Updated	Mar 16, 2022

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$925.00
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	2490 COUNTY ROAD 550 E, DEWEY, IL 61840-9725

Mortgage

Document Number	0000003884
Date	Mar 1, 2022
Instrument	2022R03884

Lender

Name	DRAPER & KRAMER MORTGAGE CORP
Type	Mortgage Company

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Mar 1, 2052

Interest

Rate Type	Fixed Rate
Rate	3.25%

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		$266,080 (+29.13%) Land $13,540 Building $252,540	$798,240 (+29.13%) Land $40,620 Building $757,620
2024	$16,770.00 (+17.08%)
2022	$14,323.00 Homeowner's exemption	$206,050 Land $10,480 Building $195,570	$618,150 Land $31,440 Building $586,710

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 100 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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