502 E Main St, Tolono, IL 61880 Property Records

Champaign County property record for 502 E Main St, Tolono, IL 61880 · Last verified May 2026

Property Highlights

Property Type	Residential > Single Family > Home
Bathrooms	1 Baths
Year Built	Built 1953
Square Footage	1,001 sqft Living Area
Lot Size	11,312 sqft (0.26 acres)
Garage	Attached, 440 sqft
Occupancy	Owner Occupied
Last Sale	$130,000 (2021)
Tax Bill	$2,456.00 (2024)

Property Details

APN / Parcel Number

Primary APN	`29-26-25-305-005`

Interior

Full Baths	1 Baths
Total Rooms	4 Rooms
Building Area	1,001 sqft Living Area
Gross Area	2,314 sqft Gross Area
1st Floor	1,001 sqft 1st Floor
Basement Area	873 sqft Basement
Stories	1 Stories
Primary Flooring	Wood Flooring
Interior Structure	Plaster Interior Structure

Exterior

Year Built	Built 1953
Effective Year Built	Effective 1953
Architectural Style	A-Frame Style
Exterior Material	Wood Exterior
Construction Type	Frame Construction
Foundation Type	No Foundation Foundation
Roof Material	Other (not Classified) Roof
Lot Area	11,312 sqft (0.26 acres)
Parking Spaces	2 Parking Spaces
Garage Type	Attached Garage
Garage Area	440 sqft Garage

Utilities and HVAC

Cooling System	Central Cooling
Heating System	Central Heating

Location & Zoning

Street Address	502 E MAIN ST
City	TOLONO
State	IL
Zip	61880-9702
Property Usage	Residential Property Usage
Type	Residential > Single Family > Home
Legal Description	LOT: BLOCK: 16
Legal Range	08E
Legal Township	18N
Legal Section	25
Legal Subdivision	LARMON AND MASHALLS ADDITION
Legal Block	16
Jurisdiction	CHAMPAIGN IL
Minor Civil Division	TOLONO
Census Blockgroup	6
Census Block	6018
Census Tract	10901

Owner

Source: Champaign County records · APN 29-26-25-305-005

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	Individual Name on File
Mailing Address	502 E MAIN ST, TOLONO, IL 61880-9702
Occupancy	Owner Occupied
Owner Type	Owner is an Individual, Couple or Unincorporated Entity

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Sale	Aug 02, 2021 · Amount on Record
Deed Sale	Aug 02, 2021 · Amount on Record
Prior Sale	Oct 29, 2009 · Amount on Record
Deed Doc Number	202118187
Record Refreshed	Jun 08, 2026

August 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	CHAMPAIGN IL
Recording Date	Aug 02, 2021
Property Address	502 E MAIN ST, TOLONO, IL 61880-9702
Document Number	0000018187
Instrument Date	Jul 29, 2021
Instrument	2021R18187
Transaction Type	Transfer
Record Updated	Aug 11, 2021

Transaction

Amount	Amount Recorded
Loan-to-Value (LTV)	LTV on Record
Tax	$130.00
Amount Accuracy	Rounded Values by County
Additional	Arms Length Transaction

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	502 E MAIN ST, TOLONO, IL 61880-9702

Mortgage

Document Number	0000018188
Date	Aug 02, 2021
Instrument	2021R18188

Lender

Name	FLAT BRANCH HOME LOANS INC
Type	Mortgage Company

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Aug 01, 2051

Interest

Rate Type	Fixed Rate
Rate	3.12%

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	Tolono Township
Municipality	Tolono Village
Unified School District	Tolono Community Unit School District 7 (KG - 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.

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$48,840 (+25.26%) Land $9,070 Building $39,770	$146,520 (+25.26%) Land $27,210 Building $119,310
2024	$2,456.00 (+13.91%)
2022	$2,156.00 Homeowner's exemption	$38,990 Land $7,240 Building $31,750	$116,970 Land $21,720 Building $95,250

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

Wildfire

Wildfire Risk	Not rated no burnable land in reach
Wildfire Likelihood	Negligible
Exposure	None beyond ember reach

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