702 North Ave, Panama, IL 62077 Property Records

Montgomery County property record for 702 North Ave, Panama, IL 62077

Property Summary

Property Type	Single Family Home
Details	56 sqft · built 1961
Lot Size	0.24 acres (10,454 sqft)
Owner	Individual Name on Record
Last Sale	$32,000 (Dec 2023)
Tax Bill	$300 (2025)
Deeds & Mortgages	Dec 2023 Sale Apr 2021 Sale
APN	`20-22-177-006`

Property Details

APN / Parcel Number

Primary APN	`20-22-177-006`
Alternative APN	`06-000-408-00`

Interior

Building Area	56 sqft Living Area

Exterior

Year Built	Built 1961
Effective Year Built	Effective 1961
Lot Area	10,454 sqft (0.24 acres)
Lot Dimensions	123 ft deep x 83 ft wide

Location & Zoning

Street Address	702 NORTH AVE
City	PANAMA
State	IL
Zip	62077-4463
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	PT SE NW BEG 350' E SW COR SE NW 83' X 123.75' LANDS CORP LIMITS PANAMA 7-4-408 S22 T07 R4
Legal Range	04
Legal Township	07
Legal Section	22
Jurisdiction	MONTGOMERY IL
Township / Civil Division	GRISHAM
Census Block Group	5
Census Block	5093
Census Tract	958000

Owner

Source: Montgomery County records, as of July 21, 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 Record
Mailing Address	702 NORTH AVE, PANAMA, IL 62077-4463
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Dec 14, 2023	Warranty Deed, Transfer COMMUNITY TITLE
Apr 21, 2021	Warranty Deed, Transfer

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Dec 14, 2023 · Amount on Record
Deed Sale	Dec 14, 2023 · Amount on Record
Prior Sale	Apr 21, 2021 · Amount on Record
Deed Document Number	20233534
Prior Transfer Date	Oct 7, 2015
Prior Transfer Doc	201504131
Record Updated	Sep 20, 2026

December 2023: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MONTGOMERY IL
Recording Date	Dec 14, 2023
Property Address	702 NORTH AVE, PANAMA, IL 62077-4463
Document Number	0202303534
Instrument Date	Nov 12, 2023
Instrument	202303534
Transaction Type	Transfer
Record Updated	Jan 3, 2024
Title Company	COMMUNITY TITLE

Transaction

Amount	Amount Recorded
Tax	$48.00
Amount Accuracy	Calculated from Transfer Tax
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	702 NORTH AVE, PANAMA, IL 62077-4463

April 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MONTGOMERY IL
Recording Date	Apr 21, 2021
Property Address	702 NORTH AVE, PANAMA, IL 62077-4463
Document Number	1750/307
Book / Page	1750 / 307
Instrument Date	Dec 16, 2018
Instrument	202101432
Transaction Type	Transfer
Record Updated	May 12, 2021

Transaction

Amount	Amount Recorded
Tax	$19.50
Amount Accuracy	Transfer Tax Exempt
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	702 NORTH AVE, PANAMA, IL 62077-4463

Tax Assessment & Valuation

Source: Montgomery County assessment roll, as of July 21, 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Montgomery County
County Subdivision	Grisham Township
Municipality	Panama Village
Unified School District	Hillsboro Community Unit School District 3 (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$300.00 (+17.19%) Homeowner's exemption	$12,170 (+6.94%) Land $3,570 Building $8,600	$36,510 (+6.94%) Land $10,710 Building $25,800
2024	$256.00 (+0.39%)	$11,380 (+9.85%) Land $3,340 Building $8,040	$34,140 (+9.85%) Land $10,020 Building $24,120
2022	$255.00 Homeowner's exemption	$10,360 Land $3,040 Building $7,320	$31,080 Land $9,120 Building $21,960

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

FEMA Flood Zone	Not on file

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	Indirect within ember reach
Adjoins Burnable Land	Yes

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	PANAMA serves 343 people · EPA ID IL0054720
Water Source	Purchased surface water from several systems
Last State Inspection	Mar 2024
Lead	3 ppb (2024) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	Lead service line inventory currently in violation since Oct 2024
Monitoring and Reporting	5 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 115 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Nextlink Fixed Wireless	1,000 / 500
Wisper ISP Fixed Wireless	400 / 30
AT&T Fixed Wireless	25 / 3
Frontier DSL	10 / 1

May also be available: GigFire, Royell Communications, T-Mobile, Verizon.

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