5531 Prospect Ln, Lerna, IL 62440 Property Records

Coles County property record for 5531 Prospect Ln, Lerna, IL 62440 · Last verified July 2026

Property Summary

Property Type	Single Family Home
Details	4 bd · 2.5 ba · 2,918 sqft · built 1970
Lot Size	0.94 acres (40,946 sqft)
Owner	Individual Name on File
Last Sale	$130,000 (Oct 2013)
Tax Bill	$3,533 (2025)
Deeds & Mortgages	Sep 2023 Mortgage Nov 2020 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`06-0-01665-000`

Property Details

APN / Parcel Number

Primary APN	`06-0-01665-000`

Interior

Bedrooms	4 Beds
Full Baths	2.5 Baths
Half Baths	1 Half Bath
Stories	1 Story
Building Area	2,918 sqft Base Area
1st Floor Area	2,918 sqft
Basement Area	624 sqft
Unfinished Basement	624 sqft

Exterior

Year Built	Built 1970
Effective Year Built	Effective 1970
Lot Area	40,946 sqft (0.94 acres)
Garage Type	Attached
Garage Area	380 sqft

Utilities, Heating & Cooling

Cooling System	Central

Location & Zoning

Street Address	5531 PROSPECT LN
City	LERNA
State	IL
Zip	62440-2224
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	HICKORY HILLS SUBDIVISION LOT 02
Legal Subdivision	HICKORY HILLS SUBDIVISION
Legal Lot Number	2
Jurisdiction	COLES IL
Township / Civil Division	LAFAYETTE
Census Block Group	5
Census Block	5026
Census Tract	200

Owner

Source: Coles County records · APN 06-0-01665-000

Assessment roll updated June 23, 2026 · Last verified July 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	5531 PROSPECT LN, LERNA, IL 62440-2224
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Sep 22, 2023	Deed of Trust, Mortgage · Commercial Mortgage PRAIRIE STATE BANK & TRUST
Nov 16, 2020	Deed of Trust, Mortgage · Conventional Mortgage PRAIRIE STATE BANK & TRUST
Apr 01, 2019	Deed of Trust, Mortgage · Conventional Mortgage PRAIRIE STATE BANK & TRUST

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Sale	Oct 25, 2013 · Amount on Record
Deed Sale	Oct 25, 2013 · Amount on Record
Deed Document Number	2013748177
Record Updated	Sep 20, 2026

September 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	COLES IL
Property Address	5531 PROSPECT LN, LERNA, IL 62440-2224
Transaction Type	Mortgage
Record Updated	Feb 29, 2024

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	202300808741
Date	Sep 22, 2023
Instrument	202300808741

Lender

Name	PRAIRIE STATE BANK & TRUST
Type	Bank
Address	CHARLESTON, IL 61920

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	62 Months
Due	Nov 22, 2028

November 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	COLES IL
Property Address	5531 PROSPECT LN, LERNA, IL 62440-2224
Transaction Type	Mortgage
Record Updated	Jul 29, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	202000791327
Date	Nov 16, 2020
Instrument	202000791327

Lender

Name	PRAIRIE STATE BANK & TRUST
Type	Bank
Address	CHARLESTON, IL 61920

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Dec 01, 2050

April 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	COLES IL
Property Address	5531 PROSPECT LN, LERNA, IL 62440-2224
Transaction Type	Mortgage
Record Updated	Jul 29, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	201900780923
Date	Apr 01, 2019
Instrument	201900780923

Lender

Name	PRAIRIE STATE BANK & TRUST
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Apr 01, 2049

Interest

Rate Type	Fixed Rate

Tax Assessment & Valuation

Source: Coles County records · Assessment roll updated June 23, 2026 · Last verified July 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Coles County
County Subdivision	Lafayette Township
Unified School District	Mattoon Community Unit School District 2 (PK - 12)

Tax Bill & Assessment History

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.

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$3,533.00 (+19.24%)	$62,849 (+22.32%) Land $10,037 Building $52,812	$188,547 (+22.32%) Land $30,111 Building $158,436
2023		$51,380 Land $8,205 Building $43,175	$154,140 Land $24,615 Building $129,525
2020	$2,963.00

Flood & Wildfire

Source: FEMA National Flood Hazard Layer, Coles County (17029C), updated July 18, 2011 · FEMA OpenFEMA NFIP redacted claims and policies, census block group 170290002005, refreshed September 2026 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified October 2026

Flood

FEMA Flood Zone	Zone X
Special Flood Hazard Area	No
Flood Hazard	Minimal
500-Year Floodplain	No
Nearby Flood Claims	2 (1999–2021)
Claims Outside the SFHA	2 of 2
Most Recent Claim	Jun 2021, river or lake flooding

Wildfire

Wildfire Risk	Low above 6% of the US · above 38% of Illinois
Wildfire Likelihood	Less than 1 in 10,000 per year
Exposure	Direct burnable vegetation at the parcel

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.

Internet Providers

Source: FCC Broadband Data Collection, availability as of December 31, 2025 · Published October 2026 · based on 28 locations within about half a mile of this property

Provider	Technology	Download / Upload (Mbps)
Consolidated Communications	DSL	300 / 70
LTD Broadband	Fixed Wireless (licensed-by-rule)	150 / 130
Starlink	Satellite (low-earth orbit)	280 / 30

May also be available at this address: T-Mobile USA, Verizon, Benton Ridge Telephone Company, AMG Technology Investment Group. Availability varies by address; speeds are provider-advertised maximums, not measured.

Mobile Coverage

5G and 4G LTE (outdoors only)

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