402 Raef Rd, Downs, IL 61736 Property Records

McLean County property record for 402 Raef Rd, Downs, IL 61736 · Last verified August 2026

Property Highlights

Property TypeResidential > Single Family > Home
Year BuiltBuilt 2015
Square Footage1,675 sqft Living Area
Lot Size10,018 sqft (0.23 acres)
OccupancyOwner Occupied
Last Sale$518,000 (2025)
Tax Bill$13,572.00 (2024)

Property Details

APN / Parcel Number

Primary APN22-32-480-010

Interior

Building Area1,675 sqft Living Area
Stories2 Stories

Exterior

Year BuiltBuilt 2015
Effective Year BuiltEffective 2015
Lot Area10,018 sqft (0.23 acres)

Location & Zoning

Street Address402 RAEF RD
CityDOWNS
StateIL
Zip61736-2008
Property UsageResidential Property Usage
TypeResidential > Single Family > Home
Legal DescriptionBEECHER TRAILS SUB LOT 10
Legal SubdivisionBEECHER TRAILS SUB
Legal Lot Number10
JurisdictionMCLEAN IL
Minor Civil DivisionOLD TOWN
Census Blockgroup2
Census Block2018
Census Tract5401

Owner

Source: McLean County records · APN 22-32-480-010

Assessment roll updated April 8, 2026 · Last verified August 2026

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

Owner of RecordIndividual Name on File
Mailing Address402 RAEF RD, DOWNS, IL 61736-2008
OccupancyOwner Occupied
Owner TypeOwner is an Individual, Couple or Unincorporated Entity

Deeds, Mortgages & Sale History

DateDocument
Nov 16, 2022Intrafamily Transfer, Transfer · Conventional Mortgage
FIRST STATE MORTGAGE SERVICES LLC
Apr 21, 2020Deed of Trust, Mortgage · Conventional Mortgage
PRAIRIE STATE BANK & TRUST

Assessor's Deed Record

Deed NamesVerified Name on Deed
Known Transactions
  • Last Sale Amount on Aug 22, 2025
  • Deed Sale Price on Aug 22, 2025
  • Prior Sale Amount on Nov 16, 2022
Deed Doc Number202511758
Prior Transfer DateOct 26, 2022
Prior Transfer Doc0000020117
Record RefreshedSep 20, 2026

November 2022: Intrafamily Transfer, Transfer

Document TypeIntrafamily Transfer
JurisdictionMCLEAN IL
Recording DateNov 16, 2022
Property Address402 RAEF RD, DOWNS, IL 61736-2008
Document Number202200020117
Map ReferenceDOC 2015-00003993
Instrument DateOct 26, 2022
Instrument2022-00020117
Transaction TypeTransfer
Record UpdatedNov 23, 2022
Title CompanyATTORNEY ONLY, ATTORNEY

Transaction

Tax$0.00
Amount AccuracyTransfer Tax Exempt
Additional
  • Interfamily Transfer

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address402 RAEF RD, DOWNS, IL 61736-2008

Mortgage

Document Number202200020118
DateNov 16, 2022
Instrument2022-00020118
Lender
NameFIRST STATE MORTGAGE SERVICES LLC
TypeMortgage Company
Agreement
TypeConventional Mortgage
AmountAmount Recorded
Term361 Months
DueDec 01, 2052
Interest
Rate TypeAdjustable Rate
Rate5.25%
AdjustableDocument includes a rider for adjustable-rate mortgage with a specific rate change date.
Type Change DateDec 01, 2027
Change FrequencyAnnually
Min Rate At Change3.25%
Max Rate At Change7.25%
Index1-Year CMT
Max Rate11.2%

April 2020: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionMCLEAN IL
Property Address402 RAEF RD, DOWNS, IL 61736-2008
Transaction TypeMortgage
Record UpdatedAug 05, 2022

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number202000006890
DateApr 21, 2020
Instrument2020-00006890
Lender
NamePRAIRIE STATE BANK & TRUST
TypeBank
AddressSAVOY, IL 61874
Agreement
TypeConventional Mortgage
AmountAmount Recorded
Term181 Months
DueMay 01, 2035

Tax Assessment & Valuation

Source: McLean County records · Assessment roll updated April 8, 2026 · Last verified August 2026

Property Jurisdictions

TypeName
StateIllinois
CountyMcLean County
County SubdivisionOld Town Township
MunicipalityDowns Village
Unified School DistrictTri-Valley Community Unit School District 3 (PK - 12)

Tax Bill & Assessment History

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.

YearTax BillAssessed ValueAssessed Market Value
2025$169,826 (+23.21%) Land $30,861 Building $138,965$509,478 (+23.21%) Land $92,583 Building $416,895
2024$13,572.00 (+19.86%)
2023$11,323.00 (+6.91%)$137,835 (+6.6%) Land $26,713 Building $111,122$413,505 (+6.6%) Land $80,139 Building $333,366
2022$10,591.00$129,301 Land $25,059 Building $104,242$387,903 Land $75,177 Building $312,726

Nearby Properties on Raef Rd

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