NOT LISTED FOR SALE

311 11th St Racine, WI 53403

School Section-Towerview Neighborhood

Estimated Value: $541,520

-- Bed
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Last Sold May 31, 2022

Last sale price $350,000

Est. 55% increase in value since last sale

Current estimated payment $3,669/month

2 Days on Market

Highlights

  • Enclosed Parking
  • Heating System Uses Natural Gas
  • 5-minute walk to West Park

About This Home

As of May 2022

Fantastic investment opportunity!!! Five unit building that stays full. Two, 2 bedrooms, 3 one bedrooms. Newer electric service and wiring (2018), newer appliances, newer roof (2019), updated bathrooms, newer windows (in half the units), newer doors, insulation, carpeting and linoleum. This is a fantastic opportunity with long rental history. Nothing to do but collect rent!

Last Listed By

Nicole Barkulis

Land-Quest Realty, LLC License #84111-94 Listed on: 03/31/2022

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,897

Year Built

  • Built in 1880

Lot Details

  • 2,614

Home Design

  • Vinyl Siding

Basement

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

Parking

  • Enclosed Parking
  • Outside Parking

Additional Features

  • Multi-Level Property
  • 2,614 Sq Ft Lot
  • Heating System Uses Natural Gas

Community Details

  • 5 Units

Listing and Financial Details

  • Exclusions: Residents and Sellers personal property
  • Seller Concessions Offered

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,897

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Prop. Type: Multi-Family
  • Inclusions: 5 refrigerators, 5 oven/ ranges
  • Directions: South Main Street to 11th St, West 2 blocks to property.
  • New Construction: No
  • Year Built: 1880
  • Cleared Acreage: Less than 1/2
  • Full Street Address: 311 11th STREET
  • Type 5 Heat Fuel: Electric, Natural Gas
  • Lot Acreage: 0.06
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Seller Owned: Water Heater
  • Has Basement: Full, Laundry Facilities

Exterior Features

  • Exclusions: Residents and Sellers personal property
  • Exterior Building Type: Apartment Building
  • Exterior: Vinyl

Garage/Parking

  • Parking Features:Workshop in Garage: None
  • Garage/Parking: Outdoor Space, Inside Parking, Outside

Utilities

  • Water Waste: Municipal Sewer, Municipal Water

Condo/Co-op/Association

  • Stories in Building: 3 - 4

Schools

  • School District: Racine
  • Junior High Dist: Racine

Lot Info

  • Zoning: R4
  • Acreage Range: 0.0 to .499

Tax Info

  • Tax Year: 2021
  • Total Taxes: 5897.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2022
Closed on
May 25, 2022
Sold by
31111Ch Llc
Bought by
Mas Property Ventures Llc
Seller's Agent
Nicole Barkulis
Land-Quest Realty, LLC
Buyer's Agent
The Bollmeier-Corr Group*
First Weber Inc- Racine
List Price
$350,000
Sold Price
$350,000
Total Days on Market
2
Current Estimated Value
$541,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,520
Avg. Annual Appreciation
15.81%
Original Mortgage
$262,500
Outstanding Balance
$130,841
Interest Rate
5.11%
Mortgage Type
New Conventional
Estimated Equity
$411,990

Purchase Details

Closed on
Jan 21, 2021
Sold by
3111Ch Llc
Bought by
311 11Th Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
2.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 4, 2019
Sold by
617 Llc
Bought by
31111Ch Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 6, 2016
Sold by
Venn Robert G and Venn Rebecca L
Bought by
617 Llc

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
311 11Th Llc -- Landmark Title Of Racine Inc
31111Ch Llc $335,000 Knight Barry Title Inc
617 Llc -- Land Title Services Inc
Venn Robert G -- Land Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 311 11Th Llc $210,000
Previous Owner 311 11Th Llc $211,400
Previous Owner 31111Ch Llc $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2022 05/31/22 Sold $350,000 0.0% --
04/02/2022 04/02/22 Pending -- -- --
03/31/2022 03/31/22 For Sale $350,000 -- --
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 $7,645 $307,000 $10,900 $296,100
2023 $10,452 $267,000 $10,900 $256,100
2022 $6,365 $232,000 $10,900 $221,100
2021 $5,898 $202,000 $10,900 $191,100
2020 $5,770 $202,000 $10,900 $191,100
2019 $4,204 $146,000 $10,900 $135,100
2018 $3,035 $126,000 $10,900 $115,100
2017 $3,945 $126,000 $10,900 $115,100
2016 $4,032 $126,000 $10,900 $115,100
2015 $4,043 $126,000 $10,900 $115,100
2014 $4,043 $126,000 $10,900 $115,100
2013 $4,043 $132,000 $10,900 $121,100
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2022

    Nicole Barkulis

    Land-Quest Realty, LLC

  • T

    Buyer's Agent in 2022

    The Bollmeier-Corr Group*

    First Weber Inc- Racine

See All Agents

Map

Source: Metro MLS

MLS Number: 1785399

Metro MLS

APN: 276-000000640003

Wisconsin Racine County Racine 53403 School Section-Towerview

311 11th St, Racine, WI

Homes for Sale in Racine, WI

This home is located at 311 11th St, Racine, WI 53403 since 31 March 2022 and is currently estimated at $541,520. This property was built in 1880. 311 11th St 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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