505 S Main St, Fairmount, IL 61841 Property Records

Vermilion County property record for 505 S Main St, Fairmount, IL 61841

Property Summary

Property Type	Single Family Home
Lot Size	0.197 acres (8,618 sqft)
Owner	2 Individual Names on File
Last Sale	$34,000 (Jul 2020)
Tax Bill	$1,290 (2025)
Deeds & Mortgages	Apr 2024 Line of Credit Oct 2021 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`26-04-412-012`

Property Details

APN / Parcel Number

Primary APN	`26-04-412-012`
Alternative APN	`VNC0925`

Exterior

Lot Area	8,618 sqft (0.197 acres)
Lot Dimensions	132 ft deep x 66 ft wide

Location & Zoning

Street Address	505 S MAIN ST
City	FAIRMOUNT
State	IL
Zip	61841-6296
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	J REESES 2ND ADD TO FAIRMOUNT L5
Legal Range	13W
Legal Township	18N
Legal Section	04
Legal Subdivision	J REESES 2ND ADD
Legal Lot Number	5
Jurisdiction	VERMILION IL
Township / Civil Division	VANCE
Census Block Group	1
Census Block	1067
Census Tract	10900

Owner

505 S Main St is owned and occupied by two individuals who bought it in July 2020.

Source: Vermilion County records, as of July 21, 2026

Owner of Record	2 Individual Names on File
Mailing Address	505 S MAIN ST, FAIRMOUNT, IL 61841-6296
Occupancy	Owner Occupied
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
Apr 26, 2024	Deed of Trust, Mortgage · Line of Credit LONGVIEW STATE BANK
Oct 4, 2021	Deed of Trust, Mortgage · Conventional Mortgage IROQUOISE FEDERAL S & L ASSN
Jul 24, 2020	Warranty Deed, Transfer · ARM IROQUOISE FEDERAL S & L ASSN

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Jul 24, 2020 · Amount on File
Deed Sale	Jul 24, 2020 · Amount on File
Deed Document Number	20204835
Record Updated	Sep 20, 2026

April 2024: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	VERMILION IL
Property Address	505 S MAIN ST, FAIRMOUNT, IL 61841-6296
Transaction Type	Mortgage
Record Updated	May 16, 2024

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0002402846
Date	Apr 26, 2024
Instrument	24-02846

Lender

Name	LONGVIEW STATE BANK
Type	Bank

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	60 Months
Due	Jun 1, 2029

Interest

Rate Type	Fixed Rate
Rate	7.25%

October 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	VERMILION IL
Property Address	505 S MAIN ST, FAIRMOUNT, IL 61841-6296
Transaction Type	Mortgage
Record Updated	Oct 27, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	2107931
Date	Oct 4, 2021
Instrument	21-07931

Lender

Name	IROQUOISE FEDERAL S & L ASSN
Type	Lending Institution

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	360 Months
Due	Nov 28, 2051

Interest

Rate Type	Fixed Rate

July 2020: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	VERMILION IL
Recording Date	Jul 24, 2020
Property Address	505 S MAIN ST, FAIRMOUNT, IL 61841-6296
Document Number	2004835
Instrument Date	Jul 23, 2020
Instrument	20-04835
Transaction Type	Transfer
Record Updated	Jul 2, 2021

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$51.00
Amount Accuracy	Calculated from Transfer Tax
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants with Right of Survivorship
Address	505 S MAIN ST, FAIRMOUNT, IL 61841-6296
Investor	Possibly a Property Investor

Mortgage

Document Number	0002004836
Date	Jul 24, 2020
Instrument	20-04836

Lender

Name	IROQUOISE FEDERAL S & L ASSN
Type	Lending Institution

Agreement

Type	ARM
Amount	Amount on Record
Term	360 Months
Due	Aug 1, 2050

Interest

Rate Type	Adjustable Rate
Adjustable	Adjustable Rate Rider
Type Change Date	Jan 1, 2028
Change Frequency	Annually
Min Rate At Change	3%
Max Rate At Change	6.75%
Index	1-Year CMT
Margin	3

Tax Assessment & Valuation

The 2025 property tax bill for 505 S Main St was $1,290 with a homeowner's exemption.

Source: Vermilion County assessment roll, as of July 21, 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Vermilion County
County Subdivision	Vance Township
Municipality	Fairmount Village
Unified School District	Salt Fork Community Unit School District 512 (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$1,290.00 Homeowner's exemption	$20,150 (+7.53%) Land $2,838 Building $17,312	$60,450 (+7.53%) Land $8,514 Building $51,936
2024		$18,739 Land $2,639 Building $16,100	$56,217 Land $7,917 Building $48,300
2022	$1,067.00 Homeowner's exemption	$15,199 Land $2,140 Building $13,059	$45,597 Land $6,420 Building $39,177

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 S Main St in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective May 16, 2012

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

The area around 505 S Main St has no burnable land within ember reach, so its wildfire risk is not rated.

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	FAIRMOUNT serves 690 people · EPA ID IL1830250
Water Source	Groundwater
Last State Inspection	Sep 2025
Lead	Under 1 ppb (2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	1 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. The service area is an EPA estimate; the actual supplier may differ.

Internet Providers

Source: FCC Broadband Data Collection, based on 150 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Conxxus Fiber	8,000 / 8,000
Xfinity Cable	1,200 / 35

May also be available: Nextlink, Watch TV.

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