507 E Market St, Bloomington, IL 61701 Property Records

McLean County property record for 507 E Market St, Bloomington, IL 61701

Property Summary

Property Type	Single Family Home
Details	3 bd · 2 ba · 1,700 sqft · built 1920
Lot Size	0.159 acres (6,944 sqft)
Owner	2 Individual Names on Record
Last Sale	$140,000 (Aug 2021)
Tax Bill	$3,176 (2024)
Deeds & Mortgages	Aug 2021 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`21-04-264-004`

Property Details

APN / Parcel Number

Primary APN	`21-04-264-004`

Interior

Bedrooms	3 Beds
Full Baths	2 Baths
Total Rooms	6 Rooms
Stories	1 Story
Building Area	1,700 sqft Living Area
Gross Area	2,294 sqft
1st Floor Area	688 sqft
Basement Area	600 sqft
Finished Basement	600 sqft
Flooring	Carpet
Interior Walls	Plaster

Exterior

Year Built	Built 1920
Effective Year Built	Effective 1920
Exterior Material	Wood Siding
Foundation Type	Brick
Roof Material	Asphalt
Lot Area	6,944 sqft (0.159 acres)
Lot Dimensions	115 ft deep x 60 ft wide
View / Lot	Lake Front
Garage Type	Attached
Garage Area	594 sqft
Parking Spaces	2 Parking Spaces
Porch	Open Frame Porch
Greenhouse	Greenhouse

Utilities, Heating & Cooling

Heating System	Forced Air with A/C
Heating Fuel	Gas

Location & Zoning

Street Address	507 E MARKET ST
City	BLOOMINGTON
State	IL
Zip	61701-4131
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	R2
Legal Description	KH FELLS 2ND ADD LOT 4 BLK 6
Legal Range	02E
Legal Township	23N
Legal Section	04
Legal Subdivision	KH FELLS 2ND ADD
Legal Block	6
Legal Lot Number	4
Jurisdiction	MCLEAN IL
Township / Civil Division	BLOOMINGTON CITY
Census Block Group	1
Census Block	1010
Census Tract	1700

Owner

Source: McLean County records, as of April 8, 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	507 E MARKET ST, BLOOMINGTON, IL 61701-4131
Occupancy	Owner Occupied
Owner Type	Individual
Vesting	Tenants by the Entirety

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Aug 3, 2021 · Amount on Record
Deed Sale	Aug 3, 2021 · Amount on Record
Deed Document Number	202118452
Record Updated	Oct 29, 2026

August 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MCLEAN IL
Recording Date	Aug 3, 2021
Property Address	507 E MARKET ST, BLOOMINGTON, IL 61701-4131
Document Number	202100018452
Instrument Date	Jul 23, 2021
Instrument	2021-00018452
Transaction Type	Transfer
Record Updated	Aug 16, 2021
Title Company	ALLIANCE LAND TITLE

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$210.00
Amount Accuracy	Rounded by County
Additional	Lis Pendens Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Tenants by the Entirety
Address	507 E MARKET ST, BLOOMINGTON, IL 61701-4131

Mortgage

Document Number	202100018453
Date	Aug 3, 2021
Instrument	2021-00018453

Lender

Name	BUSEY BANK
Type	Bank

Agreement

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

Interest

Rate Type	Fixed Rate
Rate	3.62%

Tax Assessment & Valuation

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

Property Jurisdictions

Type	Name
State	Illinois
Municipality	Bloomington City
County	McLean County
County Subdivision	Bloomington City Township
Unified School District	Bloomington School District 87 (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$48,601 (+22.28%) Land $11,025 Building $37,576	$145,803 (+22.28%) Land $33,075 Building $112,728
2024	$3,176.00 (+12.62%)
2023	$2,820.00	$39,747 Land $9,016 Building $30,731	$119,241 Land $27,048 Building $92,193

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 June 27, 2019

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	BLOOMINGTON serves 79,000 people · EPA ID IL1130200
Water Source	Surface water
Last State Inspection	Aug 2023
Lead	3 ppb (2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	2 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 537 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Metronet Fiber	5,120 / 5,120
Xfinity Cable	2,000 / 250
Verizon Fixed Wireless	300 / 20
AT&T Fixed Wireless	100 / 20

May also be available: Frontier, Nextlink, Pavlov Media, T-Mobile.

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