516 Franklin Ave, Troy, IL 62294 Property Records

Madison County property record for 516 Franklin Ave, Troy, IL 62294 · Last verified August 2026

Property Highlights

Property Type	Residential > Single Family > Home
Bedrooms	5 Beds
Bathrooms	2 Baths
Year Built	Built 1988
Square Footage	1,380 sqft Living Area
Lot Size	10,625 sqft (0.243 acres)
Garage	Attached
Occupancy	Owner Occupied
Tax Bill	$4,381.00 (2025)

Property Details

APN / Parcel Number

Primary APN	`09-2-22-04-14-301-025`

Interior

Bedrooms	5 Beds
Full Baths	2 Baths
Plumbing Fixtures	8 Plumbing Fixtures
Total Rooms	10 Rooms
Building Area	1,380 sqft Living Area
Stories	1 Stories
Fireplace	Fireplace
Fireplaces	1 Fireplaces

Exterior

Year Built	Built 1979
Effective Year Built	Effective 1988
Architectural Style	Ranch Style
Exterior Material	Vinyl Exterior
Construction Type	Frame Construction
Lot Area	10,625 sqft (0.243 acres)
Depth X Width	125 ft x 85 ft Depth x Width
Garage Type	Attached Garage
Patio Area	144 sqft Patio

Utilities and HVAC

Cooling System	Central Cooling
Heating System	HVAC Heating

Location & Zoning

Street Address	516 FRANKLIN AVE
City	TROY
State	IL
Zip	62294-2128
Property Usage	Residential Property Usage
Type	Residential > Single Family > Home
Legal Description	PARK FOREST #2 LOT S-15 85 X 125
Legal Subdivision	PARK FOREST #2
Legal Lot Number	S-15
Jurisdiction	MADISON IL
Minor Civil Division	JARVIS
Census Blockgroup	6
Census Block	6005
Census Tract	403531

Owner

Source: Madison County records · APN 09-2-22-04-14-301-025

Assessment roll updated June 25, 2026 · Last verified August 2026

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

Owner of Record	Individual Name on File
Mailing Address	516 FRANKLIN AVE, TROY, IL 62294-2128
Occupancy	Owner Occupied
Owner Type	Owner is an Individual, Couple or Unincorporated Entity

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Transfer Date	Dec 21, 2004
Transfer Doc	0000001561
Record Refreshed	Sep 20, 2026

January 2018: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	MADISON IL
Property Address	516 FRANKLIN AVE, TROY, IL 62294-2128
Document Number	0000004376
Instrument Date	Jan 25, 2018
Transaction Type	Mortgage
Record Updated	Feb 22, 2018

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Husband And Wife
Address	516 FRANKLIN AVE TROY IL 622942128, TROY, IL 62294-2128

Mortgage

Document Number	0000004376
Date	Feb 12, 2018
Instrument	4376

Lender

Name	NEW RESID'L MTG LLC
Address	NEW YORK, NY 10105

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	480 Months
Due	Feb 11, 2058

Interest

Rate	6.37%

Tax Assessment & Valuation

Source: Madison County records · Assessment roll updated June 25, 2026 · Last verified August 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Madison County
County Subdivision	Jarvis Township
Municipality	Troy City
Unified School District	Triad Community Unit School District 2 (PK - 12)

Tax Bill & Assessment History

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$4,381.00 (+6.96%) Homeowner's exemption	$69,320 (+7.24%) Land $12,540 Building $56,780	$207,960 (+7.24%) Land $37,620 Building $170,340
2024	$4,096.00 (+14.16%)	$64,640 (+19.64%) Land $11,690 Building $52,950	$193,920 (+19.52%) Land $35,070 Building $158,850
2022	$3,588.00	$54,030 Land $9,770 Building $44,260	$162,252 Land $29,339 Building $132,913

Flood & Wildfire

Source: FEMA National Flood Hazard Layer · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified October 2026

Flood

FEMA Flood Zone	FEMA flood map data for this location is not available in our records

Wildfire

Wildfire Risk	Not rated no burnable land in reach
Wildfire Likelihood	Negligible
Exposure	None beyond ember reach

Values are read at the parcel center point; lenders make the official flood determination.