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505 E Olive St, Bloomington, IL 61701 Property Records

McLean County property record for 505 E Olive St, Bloomington, IL 61701 · Last verified June 2026

Property Highlights

Property TypeResidential > Single Family > Home
Bathrooms2 Baths
Square Footage2,210 sqft Living Area
Lot Size7,440 sqft (0.171 acres)
Last Sale$130,000 (2023)
Tax Bill$3,431.00 (2024)

Property Details

APN / Parcel Number

Primary APN21-04-457-003

Interior

Full Baths2 Baths
Building Area2,210 sqft Living Area
Gross Area2,443 sqft Gross Area
1st Floor1,218 sqft 1st Floor
Basement Area233 sqft Basement
Stories2 Stories
Interior StructureWallboard/Drywall Interior Structure

Exterior

Exterior MaterialAluminum/Vinyl Exterior
Roof MaterialAsphalt Roof
Lot Area7,440 sqft (0.171 acres)
Depth X Width120 ft x 62 ft Depth x Width

Utilities and HVAC

Heating SystemForced Air with Air Conditioning Heating
Heating FuelGas Heating Fuel
Water SourceYes (Unknown Type) Water Source

Location & Zoning

Street Address505 E OLIVE ST
CityBLOOMINGTON
StateIL
Zip61701-5340
Property UsageResidential Property Usage
TypeResidential > Single Family > Home
Legal DescriptionEVANS 3RD ADD E62 N1/2 BLK B
Legal Range02E
Legal Township23N
Legal Section04
Legal SubdivisionEVANS 3RD ADD
Legal BlockB
JurisdictionMCLEAN IL
Minor Civil DivisionBLOOMINGTON CITY
Census Blockgroup3
Census Block3007
Census Tract1700

Owner

Source: McLean County records · APN 21-04-457-003

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

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

Owner of RecordCompany Name on File
Mailing Address2804 HENDRIX DR, BLOOMINGTON, IL 61704-5633
Owner TypeOwner is a Company

Deeds, Mortgages & Sale History

DateDocument
Jan 06, 2026Warranty Deed, Transfer
Apr 04, 2023Warranty Deed, Transfer · Line of Credit
FIRST STATE BANK

Assessor's Deed Record

Deed NamesVerified Name on Deed
Known Transactions
  • Last Sale Amount on Apr 04, 2023
  • Deed Sale Price on Apr 04, 2023
Deed Doc Number20234215
Record RefreshedSep 20, 2026

January 2026: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionMCLEAN IL
Recording DateJan 06, 2026
Property Address505 E OLIVE ST, BLOOMINGTON, IL 61701-5340
Document Number202600000238
Instrument DateNov 13, 2025
Instrument2026-00000238
Transaction TypeTransfer
Record UpdatedJan 14, 2026

Transaction

Tax$0.00
Amount AccuracyTransfer Tax Exempt
Additional
  • Arms Length Transaction

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address2804 HENDRIX DR, BLOOMINGTON, IL 61704-5633

April 2023: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionMCLEAN IL
Recording DateApr 04, 2023
Property Address505 E OLIVE ST, BLOOMINGTON, IL 61701-5340
Document Number202300004215
Instrument DateMar 24, 2023
Instrument2023-00004215
Transaction TypeTransfer
Record UpdatedApr 13, 2023
Title CompanyALLIANCE LAND TITLE

Transaction

AmountAmount Recorded
DownpaymentDownpayment on File
Loan-to-Value (LTV)LTV on Record
Tax$130.00
Amount AccuracyRounded Values by County
Additional
  • Arms Length Transaction

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipTenant By Entirety
Address1112 W GROVE ST, BLOOMINGTON, IL 61701-4860

Mortgage

Document Number202300004216
DateApr 04, 2023
Instrument2023-00004216
Lender
NameFIRST STATE BANK
TypeBank
AddressBLOOMINGTON, IL 61704
Agreement
TypeLine of Credit
AmountAmount Recorded
Term59 Months
DueMar 24, 2028

Tax Assessment & Valuation

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

Property Jurisdictions

TypeName
StateIllinois
MunicipalityBloomington City
CountyMcLean County
County SubdivisionBloomington City Township
Unified School DistrictBloomington School District 87 (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$46,087 (+8.91%) Land $8,088 Building $37,999$138,261 (+8.91%) Land $24,264 Building $113,997
2024$3,431.00 (+0.26%)$42,317 (+3.34%) Land $7,426 Building $34,891$126,951 (+3.34%) Land $22,278 Building $104,673
2023$3,422.00$40,949 Land $7,186 Building $33,763$122,847 Land $21,558 Building $101,289

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