NOT LISTED FOR SALE

Estimated Value: $293,159

-- Bed
-- Bath
2,060 Sq Ft
$142/Sq Ft Est. Value

Highlights

  • Fenced Yard
  • Storage
  • Central Air

About This Home

Fantastic investment opportunity when buying this established bar/restaurant and upstairs apartment. There is extra space on the west side of the building to expand if needed. Please see the attached inventory list to see all of the items that are included in the sale. There is plenty of storage space for all business inventory in the basement as well as in the garage (which also has a built-in smoking room). Private parking in the back lot only; front lot is a public parking lot. Russ' Tap is well known for their fan favorites of ''Taco Tuesday'' and ''Friday Fish Fry''! Upstairs you will find a spacious rental unit with 3 bedrooms and 1 bathroom. Tenant is currently paying $600 per month in rent.

Last Agent to Sell the Property

Meagan Baugher

ReBelle Realty License #84760-94 Listed on: 05/15/2023

Last Buyer's Agent

Debra Swenson

Berkshire Hathaway HomeServices Metro Realty-Racine License #23474-94

Berkshire Hathaway HomeServices Metro Realty-Racine

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,694

Lot Details

  • 4,792 Sq Ft Lot
  • Fenced Yard

Parking

  • 5 Parking Spaces

Home Design

  • Composition Roof

Interior Spaces

  • 2,060 Sq Ft Home
  • Storage
  • Basement Fills Entire Space Under The House

Utilities

  • Central Air

Listing and Financial Details

  • Exclusions: 5 Gaming Machines, Dart Board, Juke Box which are all rented by Racine Amusement. Seller's and Tenant's personal property.
  • Assessor Parcel Number 276000014543000

Property Details

Property Type

Other

Est. Annual Taxes

$4,694

Lot Details

0

Listing Details

  • Property Sub Type: Commercial/Industrial
  • Prop. Type: Comm/Industrial
  • Lot Size Acres: 0.11
  • Road Frontage Type: Town/City Road, Near Public Transit
  • Inclusions: Please see the attached inventory list.
  • Contingent: 2023-05-22
  • Directions: Head north on Taylor Ave. Turn right onto DeKoven Ave. Building will be on the right side.
  • Property Information:Est Total Sq Ft: 2060
  • Special Features: None

Interior Features

  • Has Basement: Full
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exclusions: 5 Gaming Machines, Dart Board, Juke Box which are all rented by Racine Amusement. Seller's and Tenant's personal property.
  • Construction Type: Wood
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 5

Utilities

  • Green Building Features: Security Equipment, Fixtures, Furniture, Rest Rooms, Inventory Included, Inside Storage, Outside Storage, Fenced Yard
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Sewer: Municipal Sewer

Lot Info

  • Lot Size Sq Ft: 4791.6
  • Parcel #: 276000014543000

Tax Info

  • Tax Annual Amount: 4694
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2023
Closed on
Jul 28, 2023
Sold by
Russ Tap Llc
Bought by
Nagra Real Estate Holding Inc
Seller's Agent
Meagan Baugher
ReBelle Realty
Buyer's Agent
Debra Swenson
Berkshire Hathaway HomeServices Metro Realty-Racine
List Price
$350,000
Sold Price
$250,000
Premium/Discount to List
-$100,000
-28.57%
Current Estimated Value
$293,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,159
Avg. Annual Appreciation
7.65%

Purchase Details

Closed on
Jul 29, 2015
Sold by
Jensen John Peter
Bought by
Russ' Tap Llc

Purchase Details

Closed on
Aug 3, 2007
Sold by
Jensen John Peter
Bought by
Russ'S Tap Llc
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
Nagra Real Estate Holding Inc $250,000 Chicago Title
Russ' Tap Llc $190,000 --
Russ'S Tap Llc $160,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/30/2023 07/30/23 Off Market $350,000 -- --
05/15/2023 05/15/23 For Sale $350,000 -- $170 / 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 $6,670 $170,000 $13,300 $156,700
2023 $5,034 $167,000 $13,300 $153,700
2022 $4,693 $159,000 $13,300 $145,700
2021 $5,197 $159,000 $13,300 $145,700
2020 $5,088 $159,000 $13,300 $145,700
2019 $4,741 $149,000 $13,300 $135,700
2018 $4,231 $139,000 $13,300 $125,700
2017 $4,456 $139,000 $13,300 $125,700
2016 $4,425 $135,000 $13,300 $121,700
2015 $4,679 $135,000 $13,300 $121,700
2014 $4,679 $135,000 $13,300 $121,700
2013 $4,679 $150,000 $13,300 $136,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Metro MLS

MLS Number: 1834244

Metro MLS

APN: 276-000014543000