Champaign County property record for 502 Ridge Rd, Philo, IL 61864 · Last verified May 2026
| Property Type | Residential > Single Family > Home |
|---|---|
| Bathrooms | 1 Baths |
| Year Built | Built 1994 |
| Square Footage | 1,325 sqft Living Area |
| Lot Size | 12,489 sqft (0.287 acres) |
| Garage | Attached, 440 sqft |
| Occupancy | Owner Occupied |
| Last Sale | $209,000 (2025) |
| Tax Bill | $3,421.00 (2024) |
| Primary APN | 19-27-23-451-031 |
|---|
| Full Baths | 1 Baths |
|---|---|
| Building Area | 1,325 sqft Living Area |
| Gross Area | 3,090 sqft Gross Area |
| 1st Floor | 1,325 sqft 1st Floor |
| Basement Area | 1,325 sqft Basement |
| Stories | 1 Stories |
| Primary Flooring | Wood Flooring |
| Year Built | Built 1994 |
|---|---|
| Effective Year Built | Effective 1994 |
| Architectural Style | A-Frame Style |
| Exterior Material | Stucco Exterior |
| Construction Type | Frame Construction |
| Foundation Type | No Foundation Foundation |
| Roof Material | Other (not Classified) Roof |
| Lot Area | 12,489 sqft (0.287 acres) |
| Parking Spaces | 2 Parking Spaces |
| Garage Type | Attached Garage |
| Garage Area | 440 sqft Garage |
| Cooling System | Central Cooling |
|---|---|
| Heating System | Central Heating |
| Street Address | 502 RIDGE RD |
|---|---|
| City | PHILO |
| State | IL |
| Zip | 61864-9626 |
| Property Usage | Residential Property Usage |
| Type | Residential > Single Family > Home |
| Legal Description | LOT 49 SHIPLEY ESTATES UNIT 3 |
| Legal Range | 09E |
| Legal Township | 18N |
| Legal Section | 23 |
| Legal Subdivision | SHIPLEY ESTATES UNIT 3 |
| Legal Lot Number | 49 |
| Jurisdiction | CHAMPAIGN IL |
| Minor Civil Division | PHILO |
| Census Blockgroup | 2 |
| Census Block | 2041 |
| Census Tract | 10901 |
Source: Champaign County records · APN 19-27-23-451-031
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 | 502 RIDGE RD, PHILO, IL 61864-9626 |
| Occupancy | Owner Occupied |
| Owner Type | Owner is an Individual, Couple or Unincorporated Entity |
| Date | Document |
|---|---|
| Jan 04, 2022 | Deed of Trust, Mortgage · Conventional Mortgage BUSEY BANK |
| Jan 05, 2022 | Deed of Trust, Mortgage · Conventional Mortgage BUSEY BANK |
| Aug 28, 2024 | Deed of Trust, Mortgage · Closed End Mortgage PHILO EXCHANGE BANK |
| Nov 10, 2025 | Warranty Deed, Transfer · Federal Housing Administration (FHA) Mortgage UNITED WHOLESALE MORTGAGE |
| Deed Names | 2 Verified Names on Deed |
|---|---|
| Last Sale | Nov 10, 2025 · Amount on Record |
| Deed Sale | Nov 10, 2025 · Amount on Record |
| Prior Sale | Oct 26, 2011 · Amount on Record |
| Deed Doc Number | 202517252 |
| Record Refreshed | Jun 08, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | CHAMPAIGN IL |
| Property Address | 502 RIDGE RD, PHILO, IL 61864-9626 |
| Transaction Type | Mortgage |
| Record Updated | Apr 02, 2026 |
| Name | Verified Name |
|---|
| Document Number | 0000000230 |
|---|---|
| Date | Jan 04, 2022 |
| Instrument | 2022R00230 |
| Name | BUSEY BANK |
|---|---|
| Type | Bank |
| Address | CHAMPAIGN, IL 61820 |
| Type | Conventional Mortgage |
|---|---|
| Amount | Amount Recorded |
| Term | 181 Months |
| Due | Feb 01, 2037 |
| Rate Type | Fixed Rate |
|---|---|
| Rate | 2.25% |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | CHAMPAIGN IL |
| Property Address | 502 RIDGE RD, PHILO, IL 61864-9626 |
| Transaction Type | Mortgage |
| Record Updated | Apr 02, 2026 |
| Name | Verified Name |
|---|
| Document Number | 0000000230 |
|---|---|
| Date | Jan 05, 2022 |
| Instrument | 2022R00230 |
| Name | BUSEY BANK |
|---|---|
| Type | Bank |
| Address | CHAMPAIGN, IL 61820 |
| Type | Conventional Mortgage |
|---|---|
| Amount | Amount Recorded |
| Term | 181 Months |
| Due | Feb 01, 2037 |
| Rate Type | Fixed Rate |
|---|---|
| Rate | 2.25% |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | CHAMPAIGN IL |
| Property Address | 502 RIDGE RD, PHILO, IL 61864-9626 |
| Transaction Type | Mortgage |
| Record Updated | Apr 02, 2026 |
| Name | Verified Name |
|---|---|
| Address | 502 RIDGE RD, PHILO, IL 61864-9626 |
| Document Number | 0000012894 |
|---|---|
| Date | Aug 28, 2024 |
| Instrument | 2024R12894 |
| Name | PHILO EXCHANGE BANK |
|---|---|
| Type | Bank |
| Address | PHILO, IL 61864 |
| Type | Closed End Mortgage |
|---|---|
| Amount | Amount Recorded |
| Term | 61 Months |
| Due | Sep 01, 2029 |
| Rate | 7.75% |
|---|
| Document Type | Warranty Deed |
|---|---|
| Jurisdiction | CHAMPAIGN IL |
| Recording Date | Nov 10, 2025 |
| Property Address | 502 RIDGE RD, PHILO, IL 61864-9626 |
| Document Number | 0000017252 |
| Map Reference | MB BB PG 101 |
| Instrument Date | Oct 15, 2025 |
| Instrument | 2025R17252 |
| Transaction Type | Transfer |
| Record Updated | Apr 02, 2026 |
| Title Company | ATTORNEY ONLY, ATTORNEY |
| Amount | Amount Recorded |
|---|---|
| Downpayment | Downpayment on File |
| Loan-to-Value (LTV) | LTV on Record |
| Tax | $209.00 |
| Amount Accuracy | Rounded Values by County |
| Additional |
|
| Name | Verified Name |
|---|
| Name | Verified Name |
|---|---|
| Relationship | Tenant By Entirety |
| Address | 502 RIDGE RD, PHILO, IL 61864-9626 |
| Document Number | 0000017253 |
|---|---|
| Date | Nov 10, 2025 |
| Instrument | 2025R17253 |
| Name | UNITED WHOLESALE MORTGAGE |
|---|---|
| Type | Mortgage Company |
| Type | Federal Housing Administration (FHA) Mortgage |
|---|---|
| Amount | Amount Recorded |
| Term | 360 Months |
| Due | Nov 01, 2055 |
| Rate Type | Fixed Rate |
|---|---|
| Rate | 6.12% |
Source: Champaign County records · Assessment roll updated April 29, 2026 · Last verified May 2026
| Type | Name |
|---|---|
| State | Illinois |
| County | Champaign County |
| County Subdivision | Philo Township |
| Municipality | Philo Village |
| Unified School District | Tolono Community Unit School District 7 (KG - 12) |
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 | $74,150 (+8.8%) Land $13,720 Building $60,430 | $222,450 (+8.8%) Land $41,160 Building $181,290 | |
| 2024 | $3,421.00 (+11.11%) Homeowner's exemption Senior Citizen's exemption | $68,150 (+14.9%) Land $12,610 Building $55,540 | $204,450 (+14.9%) Land $37,830 Building $166,620 |
| 2022 | $3,079.00 Homeowner's exemption Senior Citizen's exemption | $59,310 Land $10,980 Building $48,330 | $177,930 Land $32,940 Building $144,990 |
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
| FEMA Flood Zone | Zone X |
|---|---|
| Flood Hazard | Minimal |
| 500-Year Floodplain | No |
| Special Flood Hazard Area | No |
| Wildfire Risk | Low above 3% of the US · above 21% of Illinois |
|---|---|
| Wildfire Likelihood | Less than 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.
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