5503 Michael Rd, Salem, IL 62881 Property Records

Marion County property record for 5503 Michael Rd, Salem, IL 62881

Property Summary

Property Type	Rural Home
Lot Size	153 acres (6,673,392 sqft)
Owner	2 Individual Names on Record
Tax Bill	$3,690 (2025)
Deeds & Mortgages	May 2022 Mortgage Sep 2021 Mortgage + 2 more
Flood Zone	Zone X (minimal risk)
APN	`0726200002`

Property Details

APN / Parcel Number

Primary APN	`0726200002`

Exterior

Lot Area	6,673,392 sqft (153 acres)

Location & Zoning

Street Address	5503 MICHAEL RD
City	SALEM
State	IL
Zip	62881-5115
Property Category	Residential
Property Type	Residential > Single Family > Rural Home
Legal Description	NE EXC PT NE COR
Jurisdiction	MARION IL
Township / Civil Division	ALMA
Census Block Group	4
Census Block	4031
Census Tract	951600

Owner

Source: Marion County records, as of August 20, 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	5503 MICHAEL RD, SALEM, IL 62881-5115
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
May 16, 2022	Deed of Trust, Mortgage · Conventional Mortgage PEOPLES STATE BANK
Sep 21, 2021	Deed of Trust, Mortgage · Conventional Mortgage PEOPLES STATE BANK
Dec 14, 2020	Deed of Trust, Mortgage · Conventional Mortgage PEOPLES STATE BANK
Jul 16, 2020	Deed of Trust, Mortgage · Conventional Mortgage MIDLAND STATES BANK

Assessor's Deed Record

Deed Names	2 Names on Deed
Record Updated	Sep 20, 2026

May 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARION IL
Property Address	5503 MICHAEL RD, SALEM, IL 62881-5115
Transaction Type	Mortgage
Record Updated	Jun 1, 2022
Title Company	OMA TITLE, DOMA TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	2022R02279
Date	May 16, 2022
Instrument	2022R02279

Lender

Name	PEOPLES STATE BANK
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	240 Months
Due	Jan 24, 2042

Interest

Rate Type	Adjustable Rate

September 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARION IL
Property Address	5503 MICHAEL RD, SALEM, IL 62881-5115
Transaction Type	Mortgage
Record Updated	Oct 6, 2021
Title Company	QUAD CITY TITLE, QUAD COUNTY TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	2021R04802
Date	Sep 21, 2021
Instrument	2021R04802

Lender

Name	PEOPLES STATE BANK
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	240 Months
Due	Jan 24, 2041

Interest

Rate Type	Adjustable Rate

December 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARION IL
Property Address	5503 MICHAEL RD, SALEM, IL 62881-5115
Transaction Type	Mortgage
Record Updated	Feb 5, 2021
Title Company	QUAD COUNTY TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	2020R05963
Date	Dec 14, 2020
Instrument	2020R05963

Lender

Name	PEOPLES STATE BANK
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	240 Months
Due	Jan 24, 2041

Interest

Rate Type	Adjustable Rate
Min Rate At Change	3.75%
Max Rate At Change	12.9%

July 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARION IL
Property Address	5503 MICHAEL RD, SALEM, IL 62881-5115
Transaction Type	Mortgage
Record Updated	Feb 5, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	2020R03170
Date	Jul 16, 2020
Instrument	2020R03170

Lender

Name	MIDLAND STATES BANK
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	4 Months
Due	Nov 8, 2020

Interest

Rate Type	Fixed Rate

Tax Assessment & Valuation

Source: Marion County assessment roll, as of July 16, 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Marion County
County Subdivision	Alma Township
Elementary School District	Iuka Community Consolidated School District 7 (PK - 08)
Secondary School District	Salem Community High School District 600 (09 - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$3,690.00 (+28.08%)	$78,051 (+37.55%) Land $59,131 Building $18,920	$234,153 (+37.55%) Land $177,393 Building $56,760
2022	$2,881.00 Homeowner's exemption Senior Citizen's exemption	$56,745 Land $39,775 Building $16,970	$170,235 Land $119,325 Building $50,910

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

Flood

Source: FEMA National Flood Hazard Layer, effective November 16, 2011

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	Low lower than 80% of the US · above 71% of Illinois
Wildfire Likelihood	0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Internet Providers

Source: FCC Broadband Data Collection, based on 1 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Starlink Satellite	280 / 30
GigFire Fixed Wireless	150 / 130
Verizon Fixed Wireless	25 / 6
AT&T Fixed Wireless	25 / 3

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