505 E Old Exchange St, Crete, IL 60417 Property Records

Will County property record for 505 E Old Exchange St, Crete, IL 60417

Property Summary

Property Type	Single Family Home
Details	2.5 ba · 3,200 sqft · built 1962
Lot Size	0.84 acres (36,590 sqft)
Owner	Individual Name on File
Last Sale	$379,900 (May 2023)
Tax Bill	$11,320 (2025)
Deeds & Mortgages	May 2023 Transfer May 2023 Sale & Mortgage + 2 more
Flood Zone	Zone X (minimal risk)
APN	`23-15-15-200-003`

Property Details

APN / Parcel Number

Primary APN	`23-15-15-200-003`
Alternative APN	`15152000030000`

Interior

Full Baths	2.5 Baths
Half Baths	1 Half Bath
Building Area	3,200 sqft Living Area
Basement Area	896 sqft
Unfinished Basement	896 sqft

Exterior

Year Built	Built 1962
Effective Year Built	Effective 1962
Architectural Style	Split Level
Lot Area	36,590 sqft (0.84 acres)
Garage Type	Attached
Garage Area	1,165 sqft

Utilities, Heating & Cooling

Cooling System	Central

Location & Zoning

Street Address	505 E OLD EXCHANGE ST
City	CRETE
State	IL
Zip	60417-3318
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	THE S 200 FT OF THE N 540 FT OF THE W 183 FT OF THE E 732 FT OF THE NW1/4 OF SEC 15 T34-R14E.
Legal Range	14E
Legal Township	34N
Legal Section	15
Jurisdiction	WILL IL
Township / Civil Division	CRETE
Census Block Group	2
Census Block	2012
Census Tract	883811

Owner

505 E Old Exchange St is owned by an individual who bought it in May 2023.

Source: Will County records, as of August 24, 2026

Owner of Record	Individual Name on File
Mailing Address	373 PATRICIA DR, CHICAGO HEIGHTS, IL 60411-1162
Owner Type	Individual

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

Deeds, Mortgages & Sale History

Date	Document
May 25, 2023	Correction Deed ATTORNEY ONLY, ATTORNEY
May 12, 2023	Warranty Deed, Transfer · FHA Mortgage NEIGHBORHOOD LOANS
Dec 4, 2019	Deed of Trust, Mortgage · Line of Credit VELOCITY COM'L CAP
Feb 7, 2017	Deed of Trust, Mortgage · Conventional Mortgage BUDMAN BUILDING LLC

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	May 12, 2023 · Amount on File
Deed Sale	May 12, 2023 · Amount on File
Prior Sale	Mar 13, 2012 · Amount on File
Deed Document Number	202323058
Record Updated	Oct 29, 2026

May 2023: Correction Deed

Document Type	Correction Deed
Jurisdiction	WILL IL
Recording Date	May 25, 2023
Property Address	505 E OLD EXCHANGE ST, CRETE, IL 60417-3318
Document Number	0000025465
Instrument Date	May 24, 2023
Instrument	R2023025465
Record Updated	Jun 7, 2023
Title Company	ATTORNEY ONLY, ATTORNEY

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt

Transferred From (Grantor/Seller)

Name	Verified Name
Address	1333 BUTTERFIELD RD STE 600, 600, DOWNERS GROVE, IL 60515-5603

Transferred To (Grantee/Buyer)

Name	Verified Name

May 2023: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	WILL IL
Recording Date	May 12, 2023
Property Address	505 E OLD EXCHANGE ST, CRETE, IL 60417-3318
Document Number	0000023058
Instrument Date	Apr 25, 2023
Instrument	R2023023058
Transaction Type	Transfer
Record Updated	May 26, 2023
Title Company	ATTORNEY ONLY, ATTORNEY

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$380.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	505 E OLD EXCHANGE ST, CRETE, IL 60417-3318

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Tenants by the Entirety
Address	373 PATRICIA DR, CHICAGO HEIGHTS, IL 60411-1162

Mortgage

Document Number	0000023059
Date	May 12, 2023
Instrument	R2023023059

Lender

Name	NEIGHBORHOOD LOANS
Type	Mortgage Company

Agreement

Type	FHA Mortgage
Amount	Amount on Record
Term	360 Months
Due	May 1, 2053

Interest

Rate Type	Fixed Rate
Rate	7.12%

December 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	WILL IL
Property Address	505 E OLD EXCHANGE ST, CRETE, IL 60417-3318
Document Number	0000089020
Instrument Date	Dec 4, 2019
Transaction Type	Mortgage
Record Updated	Dec 30, 2019
Title Company	NATIONALLINK

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	505 E OLD EXCHANGE ST CRETE IL 604173318, CRETE, IL 60417-3318

Mortgage

Document Number	0000089020
Date	Dec 11, 2019
Instrument	89020

Lender

Name	VELOCITY COM'L CAP
Type	Funding / Finance Company
Address	WESTLAKE VILLAGE, CA 91362

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	36 Months
Due	Dec 10, 2022

Interest

Rate Type	Adjustable Rate
Rate	11.5%

February 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	WILL IL
Property Address	505 E OLD EXCHANGE ST, CRETE, IL 60417-3318
Document Number	0000012536
Instrument Date	Feb 7, 2017
Transaction Type	Mortgage
Record Updated	Feb 27, 2017
Title Company	STEWART TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	7849 W 100TH PL PALOS HILLS IL 604651512, PALOS HILLS, IL 60465-1512

Mortgage

Document Number	0000012536
Date	Feb 8, 2017
Instrument	12536

Lender

Name	BUDMAN BUILDING LLC
Address	2023 W PIERCE AVE, CHICAGO, IL 60622-1947

Agreement

Type	Conventional Mortgage
Amount	Amount on Record

Tax Assessment & Valuation

The 2025 property tax bill for 505 E Old Exchange St was $11,320.

Source: Will County assessment roll, as of August 24, 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Will County
County Subdivision	Crete Township
Unified School District	Crete-Monee Community Unit School District 201-U (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$11,320.00	$129,264 (+5.5%) Land $12,989 Building $116,275	$387,792 (+5.5%) Land $38,967 Building $348,825
2024		$122,525 Land $12,312 Building $110,213	$367,575 Land $36,936 Building $330,639
2022	$8,952.00 Homeowner's exemption	$89,190 Land $9,771 Building $79,419	$267,570 Land $29,313 Building $238,257

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

FEMA maps place 505 E Old Exchange St in Zone X, an area of minimal flood risk, within 500 ft of a high-risk flood zone.

Source: FEMA National Flood Hazard Layer, effective June 11, 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone A, within 500 ft
Flood Insurance Requirement	Not required lenders may require it

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

Wildfire

Wildfire risk around 505 E Old Exchange St is low, with a 0.04% annual chance of 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	0.04% 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 6 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Verizon Fixed Wireless	300 / 20
Starlink Satellite	280 / 30
AT&T DSL · Fixed Wireless in parts of the area	10 / 1

May also be available: Bertram Communications, T-Mobile.

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