NOT LISTED FOR SALE

1445 College Ave Racine, WI 53403

School Section-Towerview Neighborhood

Estimated Value: $379,647

-- Bed
-- Bath
3,723 Sq Ft
$102/Sq Ft Est. Value

About This Home

3 VACANT UNITS READY FOR OCCUPANCY. FMR PER PM $1200, $950, $950, $700. Victorian 4-plex nestled on the brick road in the historic district of Racine steps away from Lake Michigan. Located in a primarily single family neighborhood & surrounded by turn of the century mansions, the location and units are desirable for investors & owner occupants. 1-3 bedroom unit, 2-2 bedroom units & 1-1 bedroom unit with separate gas/electric. Circuit breakers have been updated for each unit. Two of the units have great views of Lake Michigan & could be a very profitable short term rental. Each of the units have their own private porch and have been updated throughout to help you receive market value rents. Schedule your showing today and come check this beauty out for yourself.

Last Agent to Sell the Property

Blackstone Realty Services Team

Keller Williams Milwaukee South Shore License #82592-94 Listed on: 05/10/2023

Keller Williams Milwaukee South Shore

Last Buyer's Agent

Jeremy Doering

Doering & Co Real Estate, LLC License #58165-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,205

Lot Details

  • 3,485 Sq Ft Lot

Home Design

  • 3,723 Sq Ft Home

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Schools

  • Johnson Elementary School
  • Mitchell Middle School
  • Case High School

Listing and Financial Details

  • Exclusions: Seller and tenants personal property
  • Tenant pays for electricity, heat, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number 00711001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,205

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.08
  • Inclusions: 3 Oven/Range, 3 Refrigerators. Please refer to Addendum R under Documents.
  • Directions: Main St. to 14th St., west to College Ave. and south to property.
  • Special Features: None

Interior Features

  • Owner Pays: Sewer, Water
  • Has Basement: Laundry Facilities, Brick, Full
  • Basement YN: Yes

Exterior Features

  • Exclusions: Seller and tenants personal property
  • Construction Type: Partial-Aluminum, Partial-Brick

Garage/Parking

  • Attached Garage: No
  • Parking Features: None, Near Public Transit

Utilities

  • Sewer: Municipal Sewer

Schools

  • Elementary School: Johnson
  • Junior High Dist: Racine Unified
  • High School: Case
  • Middle Or Junior School: Mitchell

Lot Info

  • Lot Size Sq Ft: 3484.8
  • Parcel #: 00711001

Rental Info

  • Tenant Pays: Electricity, Heat, Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2023
Closed on
Jun 28, 2023
Sold by
Blackstone Enterprises Llc
Bought by
Arend Properties Llc
Seller's Agent
Blackstone Realty Services Team
Keller Williams Milwaukee South Shore
Buyer's Agent
Jeremy Doering
Doering & Co Real Estate, LLC
List Price
$350,000
Sold Price
$335,000
Premium/Discount to List
-$15,000
-4.29%
Views
14
Current Estimated Value
$379,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,647
Avg. Annual Appreciation
5.88%
Original Mortgage
$251,250
Outstanding Balance
$245,063
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$134,584

Purchase Details

Closed on
Feb 17, 2023
Sold by
1445 College Llc
Bought by
Blackstone Enterprises Llc

Purchase Details

Closed on
Feb 16, 2023
Sold by
1445 College Llc
Bought by
Blackstone Enterprises Llc

Purchase Details

Closed on
Nov 4, 2020
Sold by
Jm Electrical Contractors Llc
Bought by
1445 College Llc

Purchase Details

Closed on
Sep 1, 2015
Sold by
Andersen Marco L
Bought by
Jm Electrical Constractors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,853
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 2, 2007
Sold by
Reich Jacqueline J
Bought by
Andersen Marco L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.45%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Arend Properties Llc $335,000 Land Title Services
Blackstone Enterprises Llc $200,000 Lake Michigan Real Estate Titl
Blackstone Enterprises Llc $200,000 None Listed On Document
1445 College Llc $173,000 Wisconsin Ttl Closing & Cred
Jm Electrical Constractors Llc $100,000 Title Services Of Southeast
Andersen Marco L $153,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arend Properties Llc $251,250
Previous Owner Jm Electrical Constractors Llc $109,853
Previous Owner Jm Electrical Llc $68,657
Previous Owner Andersen Marco L $148,000
Previous Owner 304 Main Llc $250,000
Previous Owner Andersen Marco L $230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2023 07/09/23 Off Market $325,000 -- --
05/12/2023 05/12/23 Pending -- -- --
05/11/2023 05/11/23 Price Changed $325,000 -7.1% $87 / Sq Ft
05/10/2023 05/10/23 For Sale $350,000 -- $94 / Sq Ft
Source: Metro MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,205 $260,000 $16,600 $243,400
2023 $5,433 $196,000 $16,600 $179,400
2022 $6,428 $196,000 $16,600 $179,400
2021 $6,608 $182,000 $16,600 $165,400
2020 $6,961 $182,000 $16,600 $165,400
2019 $6,213 $173,000 $16,600 $156,400
2018 $5,896 $160,000 $16,600 $143,400
2017 $5,954 $160,000 $16,600 $143,400
2016 $6,242 $152,000 $16,600 $135,400
2015 $6,613 $152,000 $16,600 $135,400
2014 $6,613 $152,000 $16,600 $135,400
2013 $6,613 $160,000 $18,500 $141,500
Source: Public Records

Agents Affiliated with this Home

  • Blackstone Realty Services Team

    Seller's Agent in 2023

    Blackstone Realty Services Team

    Keller Williams Milwaukee South Shore

    (262) 989-2111

    4 in this area

    281 Total Sales

    Blackstone Realty Services Team
    Section Image
  • Jeremy Doering

    Buyer's Agent in 2023

    Jeremy Doering

    Doering & Co Real Estate, LLC

    (262) 853-1936

    2 in this area

    188 Total Sales

    Jeremy Doering
    Section Image
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Map

Source: Metro MLS

MLS Number: 1833773

Metro MLS

APN: 276-000000711001

Wisconsin Racine County Racine 53403 School Section-Towerview

1445 College Ave, Racine, WI

This home is located at 1445 College Ave, Racine, WI 53403 since 10 May 2023 and is currently estimated at $379,647, approximately $101 per square foot. 1445 College Ave is a home located in Racine County with nearby schools including Johnson Elementary School, Mitchell Middle School, and Case High School.

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