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506 W Exchange St, Danvers, IL 61732 Property Records

McLean County property record for 506 W Exchange St, Danvers, IL 61732

Property Summary

Property TypeSingle Family Home
Details1.5 ba · 1,125 sqft · built 1975
Lot Size0.37 acres (16,117 sqft)
Owner2 Individual Names on File
Last Sale$190,000 (Jun 2023)
Tax Bill$3,500 (2024)
Deeds & MortgagesJun 2023 Sale & Mortgage
Flood ZoneZone X (minimal risk)
APN12-23-129-016

Property Details

APN / Parcel Number

Primary APN12-23-129-016

Interior

Full Baths1.5 Baths
Half Baths1 Half Bath
Stories1 Story
Building Area1,125 sqft Living Area
1st Floor Area1,125 sqft

Exterior

Year BuiltBuilt 1975
Effective Year BuiltEffective 1975
Exterior MaterialWood Siding
Construction TypeFrame
Roof MaterialAsphalt
Lot Area16,117 sqft (0.37 acres)
Garage TypeAttached
Garage Area500 sqft
Parking Spaces2 Parking Spaces
PorchOpen Porch

Utilities, Heating & Cooling

Cooling SystemCentral
Heating SystemCentral

Location & Zoning

Street Address506 W EXCHANGE ST
CityDANVERS
StateIL
Zip61732-9256
Property CategoryResidential
Property TypeResidential > Single Family > Home
Legal DescriptionWEST GATE ADD LOT 14 BLK 2
Legal Range01W
Legal Township24N
Legal Section23
Legal SubdivisionWEST GATE ADD
Legal Block2
Legal Lot Number14
JurisdictionMCLEAN IL
Township / Civil DivisionDANVERS
Census Block Group1
Census Block1055
Census Tract5202

Owner

506 W Exchange St is owned and occupied by two individuals who bought it in June 2023.

Source: McLean County records, as of August 17, 2026

Owner of Record2 Individual Names on File
Mailing Address506 W EXCHANGE ST, DANVERS, IL 61732-9256
OccupancyOwner Occupied
Owner TypeIndividual
VestingJoint Tenants

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

Assessor's Deed Record

Deed Names2 Names on Deed
Last SaleJun 23, 2023 · Amount on File
Deed SaleJun 23, 2023 · Amount on File
Prior SaleAug 18, 2006 · Amount on File
Deed Document Number20237970
Record UpdatedSep 20, 2026

June 2023: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionMCLEAN IL
Recording DateJun 23, 2023
Property Address506 W EXCHANGE ST, DANVERS, IL 61732-9256
Document Number202300007970
Map ReferenceDOC 73-2223
Instrument DateJun 9, 2023
Instrument2023-00007970
Transaction TypeTransfer
Record UpdatedJul 11, 2023
Title CompanyATTORNEY

Transaction

AmountAmount on Record
Loan-to-Value (LTV)LTV on Record
Tax$190.00
Amount AccuracyRounded by County
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipTenants by the Entirety
Address506 W EXCHANGE ST, DANVERS, IL 61732-9256

Mortgage

Document Number202300007971
DateJun 23, 2023
Instrument2023-00007971
Lender
NameFIRST STATE MORTGAGE SERVICES LLC
TypeMortgage Company
Agreement
TypeFHA Mortgage
AmountAmount on Record
Term361 Months
DueJul 1, 2053
Interest
Rate TypeFixed Rate
Rate6.12%

Mortgage

Document Number202300007972
DateJun 23, 2023
Instrument2023-00007972
Lender
NameILLINOIS HOUSING DEVELOPMENT AUTHORITY
TypeGovernment Agency
AddressCHICAGO, IL 60601
Agreement
TypeStand-Alone Second Mortgage
AmountAmount on Record
Term121 Months
DueJul 1, 2033

Tax Assessment & Valuation

Source: McLean County assessment roll, as of April 8, 2026

Property Jurisdictions

TypeName
StateIllinois
CountyMcLean County
County SubdivisionDanvers Township
MunicipalityDanvers Village
Unified School DistrictOlympia Community Unit School District 16 (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$50,454 Land $9,364 Building $41,090$151,362 Land $28,092 Building $123,270
2024$3,500.00 (+0.34%)
2023$3,488.00 (+8.53%)$42,857 (+8.1%) Land $7,954 Building $34,903$128,571 (+8.1%) Land $23,862 Building $104,709
2022$3,214.00$39,646 Land $7,358 Building $32,288$118,938 Land $22,074 Building $96,864

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 506 W Exchange St in Zone X, an area of minimal flood risk, though there have been 1 flood claim nearby since 2006.

Source: FEMA National Flood Hazard Layer, effective June 27, 2019 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Nearby Flood Claims1 (2006)
Claims Outside the SFHA1 of 1
Most Recent ClaimSep 2006 · tidal / storm surge

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 506 W Exchange St is low, with less than a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskLow
lower than 97% of the US · lower than 79% of Illinois
Wildfire LikelihoodUnder 0.01% annual chance
ExposureNone
beyond 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 SystemDANVERS
serves 1,089 people · EPA ID IL1130450
Water SourceGroundwater
Last State InspectionFeb 2026
Lead2 ppb (2025)
action level 15 ppb
Copper1.9 mg/L (2025)
action level 1.3 mg/L

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and Reporting1
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 53 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Conxxus
Fiber		8,000 / 8,000
Mediacom Xtream
Cable		1,000 / 50
MR Systems Wireless
Fixed Wireless		100 / 50
T-Mobile
Fixed Wireless		100 / 20
AT&T
Fixed Wireless		100 / 20

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