506 S Adams St, Philo, IL 61864 Property Records

Champaign County property record for 506 S Adams St, Philo, IL 61864

Property Summary

Property Type	Single Family Home
Lot Size	0.331 acres (14,401 sqft)
Owner	2 Individual Names on Record
Last Sale	$186,000 (Jul 2019)
Tax Bill	$3,875 (2024)
Deeds & Mortgages	Sep 2021 Mortgage Mar 2019 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`19-27-23-332-001`

Property Details

APN / Parcel Number

Primary APN	`19-27-23-332-001`

Exterior

Lot Area	14,401 sqft (0.331 acres)

Location & Zoning

Street Address	506 S ADAMS ST
City	PHILO
State	IL
Zip	61864-9755
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	LOT 1 LAUCHNERS 1ST ADD
Legal Range	09E
Legal Township	18N
Legal Section	23
Legal Subdivision	LAUCHNERS 1ST ADD
Legal Lot Number	1
Jurisdiction	CHAMPAIGN IL
Township / Civil Division	PHILO
Census Block Group	1
Census Block	1038
Census Tract	10901

Owner

Source: Champaign County records, as of April 29, 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 Record
Mailing Address	506 S ADAMS ST, PHILO, IL 61864-9755
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Sep 3, 2021	Deed of Trust, Mortgage · Conventional Mortgage FLAGSTAR BANK FSB
Mar 27, 2019	Deed of Trust, Mortgage · Commercial Mortgage REGIONS BANK
Jul 2, 2019	Warranty Deed, Transfer · Conventional Mortgage FLAGSTAR BANK FSB

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Jul 2, 2019 · Amount on Record
Deed Sale	Jul 2, 2019 · Amount on Record
Deed Document Number	201910321
Record Updated	Oct 29, 2026

September 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CHAMPAIGN IL
Property Address	506 S ADAMS ST, PHILO, IL 61864-9755
Transaction Type	Mortgage
Record Updated	Sep 15, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000021072
Date	Sep 3, 2021
Instrument	2021R21072

Lender

Name	FLAGSTAR BANK FSB
Type	Bank
Address	TROY, MI 48098

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Sep 1, 2051

Interest

Rate Type	Fixed Rate
Rate	2.73%

March 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CHAMPAIGN IL
Property Address	506 S ADAMS ST, PHILO, IL 61864-9755
Transaction Type	Mortgage
Record Updated	Feb 5, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000004103
Date	Mar 27, 2019
Instrument	2019R04103

Lender

Name	REGIONS BANK
Type	Bank
Address	BIRMINGHAM, AL 35211

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Mar 14, 2049

Interest

Rate Type	Adjustable Rate
Rate	5.5%
Change Frequency	Monthly

July 2019: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	CHAMPAIGN IL
Recording Date	Jul 2, 2019
Property Address	506 S ADAMS ST, PHILO, IL 61864-9755
Document Number	0000010321
Map Reference	MB Y PG 250
Instrument Date	Jul 1, 2019
Instrument	2019R10321
Transaction Type	Transfer
Record Updated	Apr 28, 2022
Title Company	ATTORNEY

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$279.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	506 S ADAMS ST, PHILO, IL 61864-9755

Mortgage

Document Number	0000010322
Date	Jul 2, 2019
Instrument	2019R10322

Lender

Name	FLAGSTAR BANK FSB
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Aug 1, 2049

Interest

Rate Type	Fixed Rate
Rate	4.62%

Tax Assessment & Valuation

Source: Champaign County assessment roll, as of April 29, 2026

Property Jurisdictions

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)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$77,160 (+25.06%) Land $21,650 Building $55,510	$231,480 (+25.06%) Land $64,950 Building $166,530
2024	$3,875.00 (+9.53%)
2022	$3,538.00 Homeowner's exemption	$61,700 Land $17,310 Building $44,390	$185,100 Land $51,930 Building $133,170

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

Source: FEMA National Flood Hazard Layer, effective July 14, 2021

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

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	AQUA ILLINOIS-PHILO private · serves 1,378 people · EPA ID IL0190600
Water Source	Purchased groundwater from IL AMERICAN-CHAMPAIGN
Last State Inspection	Mar 2025
Lead	Under 1 ppb (2026–2028) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None 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.

Internet Providers

Source: FCC Broadband Data Collection, based on 183 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Pavlov Media Fiber	8,000 / 8,000
Conxxus Fiber	8,000 / 8,000
Xfinity Cable	1,200 / 35
Nextlink Fixed Wireless	500 / 100

May also be available: MF Wireless, Watch TV.

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