NOT LISTED FOR SALE

2616 Lathrop Ave Racine, WI 53405

Garden City Neighborhood

Estimated Value: $372,422

-- Bed
-- Bath
3,956 Sq Ft
$94/Sq Ft Est. Value

Last Sold June 21, 2021

Last sale price $272,500 $69 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,591/month

180 Days on Market

Highlights

  • 0.42 Acre Lot
  • Storage
  • Central Air
  • Display Windows
  • Handicap Accessible
  • Carpet

About This Home

As of June 2021

Looking for a perfect location for your business? Fantastic opportunity to own this commercial property located near the highly visible intersection of Hwy 11 and Lathrop Ave. Many possibilities for your business! Open and inviting entrance with reception area, large work area, 4 private offices, training room (or additional office) and spacious conference room offers versatility. There is abundant parking for 23 vehicles, PLUS a detached 15' x 30' garage. Plenty of storage that could be used to expand conference or office space. Total square footage is 3,956. 3/4 of roof was replaced in 2020 and new New rooftop heating and air conditioning in 2018. Recently painted exterior. If you are looking for a building that is in great condition, this is the one for you.

Last Agent to Sell the Property

Chris Veranth

Mahler Sotheby's International Realty Brokerage Email: office@newportelite.com License #50887-94 Listed on: 11/17/2020

Mahler Sotheby's International Realty

Last Buyer's Agent

Steve Bostrom

Berkshire Hathaway Home Services Epic Real Estate License #57112-90

Berkshire Hathaway Home Services Epic Real Estate

Property Details

Property Type

  • Other

Lot Details

  • 0.42 Acre Lot
  • 135 x 136

Parking

  • 23 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 3,956 Sq Ft Home
  • Display Windows
  • Storage
  • Carpet

Additional Features

  • Handicap Accessible
  • Central Air

Community Details

  • Office
  • Security Lighting

Listing and Financial Details

  • Exclusions: Tenant's or seller's personal property.
  • Assessor Parcel Number 23523000

Property Details

Property Type

Other

Lot Details

0

Listing Details

  • Property Sub Type: Commercial/Industrial
  • Prop. Type: Comm/Industrial
  • Lot Size Acres: 0.42
  • Road Frontage Type: Town/City Road, Paved Road, Paved Lot, Near Public Transit
  • Inclusions: Refrigerator in break room.
  • Contingent: 2021-05-12
  • Directions: Hwy 11 (Durand Ave) East to Lathrop Ave, North to property. First building North of Bank of Elmwood on the West side of Lathrop.
  • Attribution Contact: office@newportelite.com
  • Property Information:Est Total Sq Ft: 3956
  • Special Features: None

Interior Features

  • Has Basement: None
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exclusions: Tenant's or seller's personal property.
  • Construction Type: Brick, Aluminum Trim, Other
  • Roof: Rubber

Garage/Parking

  • Total Parking Spaces: 23

Utilities

  • Green Building Features: Fixtures, Carpeting, Display Window, Rest Rooms, Inside Storage, Outside Storage, Handicap Access, Security Lighting, Office(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Sewer: Municipal Sewer

Lot Info

  • Lot Size Sq Ft: 18295.2
  • Additional Parcels Description: 135 x 136
  • Parcel #: 23523000

Tax Info

  • Tax Annual Amount: 7897.68
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2020
Closed on
Jun 21, 2021
Sold by
Veal Properties Llc
Bought by
2616 Lathrop Ave Llc
Seller's Agent
Chris Veranth
Mahler Sotheby's International Realty
Buyer's Agent
Steve Bostrom
Berkshire Hathaway Home Services Epic Real Estate
List Price
$272,500
Sold Price
$272,500
Current Estimated Value
$372,422

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,922
Avg. Annual Appreciation
7.52%

Purchase Details

Closed on
Aug 31, 2010
Sold by
Tri City National Bank
Bought by
Veal Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,100
Interest Rate
4.49%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 23, 2009
Sold by
Federal Deposit Insurance Corporation
Bought by
Tri City National Bank
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
2616 Lathrop Ave Llc $272,500 Landmark Title Of Racine Inc
Veal Properties Llc $230,000 Title Service Of Southeast W
Tri City National Bank -- Title Service Of Southeast W
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Veal Properties Llc $131,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2021 06/21/21 Sold $272,500 0.0% $69 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
11/13/2020 11/13/20 For Sale $272,500 -- $69 / 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 $7,402 $297,200 $165,200 $132,000
2023 $7,407 $283,000 $165,200 $117,800
2022 $7,198 $275,000 $165,200 $109,800
2021 $8,072 $275,000 $165,200 $109,800
2020 $7,898 $275,000 $165,200 $109,800
2019 $7,487 $262,000 $165,200 $96,800
2018 $7,365 $245,000 $165,200 $79,800
2017 $8,091 $245,000 $165,200 $79,800
2016 $8,255 $245,000 $165,200 $79,800
2015 $8,310 $245,000 $165,200 $79,800
2014 $8,310 $245,000 $165,200 $79,800
2013 $8,310 $260,000 $165,200 $94,800
Source: Public Records

Agents Affiliated with this Home

  • Chris Veranth

    Seller's Agent in 2021

    Chris Veranth

    Mahler Sotheby's International Realty

    (262) 995-5827

    3 in this area

    239 Total Sales

    Chris Veranth
    Section Image
  • Steve Bostrom

    Buyer's Agent in 2021

    Steve Bostrom

    Berkshire Hathaway Home Services Epic Real Estate

    (262) 515-3683

    1 in this area

    59 Total Sales

    Steve Bostrom
    Section Image
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Map

Source: Metro MLS

MLS Number: 1718936

Metro MLS

APN: 276-000023523000

Wisconsin Racine County Racine 53405 Garden City

2616 Lathrop Ave, Racine, WI

This home is located at 2616 Lathrop Ave, Racine, WI 53405 since 17 November 2020 and is currently estimated at $372,422, approximately $94 per square foot. 2616 Lathrop Ave is a home located in Racine County with nearby schools including Johnson Elementary School, Mitchell Middle School, and Park High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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