5 Rainbow Ct, Urbana, IL 61802 Property Records

Champaign County property record for 5 Rainbow Ct, Urbana, IL 61802

Property Summary

Property Type	Single Family Home
Details	2 ba · 1,040 sqft · built 1962
Lot Size	0.178 acres (7,765 sqft)
Owner	Individual Name on Record
Last Sale	$130,000 (Jul 2020)
Tax Bill	$3,956 (2024)
Deeds & Mortgages	Jul 2020 Sale & Mortgage Dec 2017 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`92-21-16-430-018`

Property Details

APN / Parcel Number

Primary APN	`92-21-16-430-018`

Interior

Full Baths	2 Baths
Building Area	1,040 sqft Building Perimeter
1st Floor Area	1,040 sqft
Flooring	Carpet
Interior Walls	Wood

Exterior

Year Built	Built 1962
Effective Year Built	Effective 1962
Architectural Style	Split Level
Exterior Material	Stucco
Roof Material	Other
Lot Area	7,765 sqft (0.178 acres)
Garage Type	Detached
Garage Area	392 sqft
Parking Spaces	1 Parking Space
Porch	Porch
Deck Area	100 sqft

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Central

Location & Zoning

Street Address	5 RAINBOW CT
City	URBANA
State	IL
Zip	61802-5532
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	LOT 1129 COUNTRY SQUIRE ESTATES 3RD PLAT
Legal Range	09E
Legal Township	19N
Legal Section	16
Legal Subdivision	COUNTRY SQUIRE ESTATES 3RD PLAT
Legal Lot Number	1129
Jurisdiction	CHAMPAIGN IL
Township / Civil Division	CUNNINGHAM
Census Block Group	1
Census Block	1009
Census Tract	5601

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	5 RAINBOW CT, URBANA, IL 61802-5532
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Jul 28, 2020	Warranty Deed, Transfer · FHA Mortgage CALIBER HOME LOANS INC
Dec 13, 2017	Warranty Deed, Transfer · Conventional Mortgage BUSEY BANK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jul 28, 2020 · Amount on Record
Deed Sale	Jul 28, 2020 · Amount on Record
Prior Sale	Dec 13, 2017 · Amount on Record
Deed Document Number	202014360
Prior Transfer Date	Nov 12, 2013
Prior Transfer Doc	0000026827
Record Updated	Oct 29, 2026

July 2020: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	CHAMPAIGN IL
Recording Date	Jul 28, 2020
Property Address	5 RAINBOW CT, URBANA, IL 61802-5532
Document Number	0000014360
Map Reference	MB N PG 82
Instrument Date	Jul 23, 2020
Instrument	2020R14360
Transaction Type	Transfer
Record Updated	Apr 28, 2022
Title Company	ATTORNEY

Transaction

Amount	Amount Recorded
Loan-to-Value (LTV)	LTV on Record
Tax	$130.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	5 RAINBOW CT, URBANA, IL 61802-5532

Mortgage

Document Number	0000014361
Date	Jul 28, 2020
Instrument	2020R14361

Lender

Name	CALIBER HOME LOANS INC
Type	Mortgage Company

Agreement

Type	FHA Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Aug 1, 2050

Mortgage

Document Number	0000014362
Date	Jul 28, 2020
Instrument	2020R14362

Lender

Name	ILLINOIS HOUSING DEVELOPMENT AUTHORITY
Type	Government Agency
Address	CHICAGO, IL 60601

Agreement

Type	Stand-Alone Second Mortgage
Amount	Amount Recorded

December 2017: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	CHAMPAIGN IL
Recording Date	Dec 13, 2017
Property Address	5 RAINBOW CT, URBANA, IL 61802-5532
Document Number	0000023231
Map Reference	MB N PG82
Instrument Date	Dec 7, 2017
Instrument	2017R23231
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	$173.25
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
Address	5 RAINBOW CT, URBANA, IL 61802-5532

Mortgage

Document Number	0000023232
Date	Dec 13, 2017
Instrument	2017R23232

Lender

Name	BUSEY BANK
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Jan 1, 2048

Interest

Rate	4.12%

Tax Assessment & Valuation

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

Property Jurisdictions

Type	Name
State	Illinois
County	Champaign County
County Subdivision	Cunningham Township
Municipality	Urbana City
Unified School District	Urbana School District 116 (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$46,930 (+25.95%) Land $14,010 Building $32,920	$140,790 (+25.95%) Land $42,030 Building $98,760
2024	$3,956.00 (+16.94%)
2022	$3,383.00 Homeowner's exemption	$37,260 Land $11,120 Building $26,140	$111,780 Land $33,360 Building $78,420

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

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

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

Wildfire

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

Wildfire Risk	Not rated no burnable land within ember reach

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

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	IL AMERICAN-CHAMPAIGN private · serves 150,000 people · EPA ID IL0195300
Water Source	Groundwater
Last State Inspection	Sep 2025
Lead	1 ppb (2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 658 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
i3 Broadband Fiber	8,000 / 8,000
Xfinity Cable	1,200 / 35
Verizon Fixed Wireless	300 / 20
T-Mobile Fixed Wireless	100 / 20
AT&T Fixed Wireless · Fiber in parts of the area	100 / 20

May also be available: Nextlink.

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