NOT LISTED FOR SALE

3217 Washington Ave Unit 3217 Racine, WI 53405

West Racine Neighborhood
-- Bed
-- Bath
19,160 Sq Ft
0.25 Acres

About This Home

Located in the heart of West Racine on busy Washington Avenue (with approximately 15,000 vehicles per day) this highly visible building, located on the corner of Washington and Hayes Ave, is ready for its next successful business adventure. Priced significantly below the most current assessed value, this property could be restored to its original configuration that included 3 storefronts. The second floor already features a two-bedroom apartment and there is ample space to create additional residential units or to expand business space from the first floor. Nicely maintained with newer roofs. Come and get creative as you explore all the possibilities that this classic opportunity has to offer. Abundant off-street and metered parking along rebuilt Washington as well as behind building.

Last Listed By

John Crimmings

First Weber Inc- Racine License #16217-90 Listed on: 03/18/2022

First Weber Inc- Racine

Property Details

Property Type

  • Other

Year Built

  • Built in 1926

Lot Details

  • 0.25 Acre Lot
  • Property is zoned B2, B2

Home Design

  • 19,160 Sq Ft Home
  • Poured Concrete

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement

Listing and Financial Details

  • Assessor Parcel Number 12025001

Property Details

Property Type

Other

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Sub Type: Commercial/Industrial
  • Prop. Type: Comm/Industrial
  • Lot Size Acres: 0.25
  • Directions: Hwy 20 (Washington Ave) east from Lathrop Avenue to Hayes Avenue. SE corner of Washington and Hayes.
  • Year Built: 1926
  • Special Features: None
  • Stories: 0

Interior Features

  • Has Basement: Full, Partial, Poured Concrete

Lot Info

  • Parcel #: 12025001
  • Zoning Description: B2
  • Zoning: B2

Tax Info

  • Tax Annual Amount: 16106
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 3, 2022
Sold by
The James T Spangenberg Jr Family Tru
Bought by
3217 Washington Avenue Llc
Total Days on Market
0

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$621,175
Outstanding Balance
$598,291
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2013
Sold by
Spangenberg James T
Bought by
Spangenberg James T and James T Spangenberg Jr Family

Purchase Details

Closed on
Jul 31, 2013
Sold by
Spangenberg James T
Bought by
Spangenberg James T and Jamest T Spangenberg Jr Family
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
3217 Washington Avenue Llc $515,000 Landmark Title Of Racine, Inc.
Spangenberg James T -- None Available
Spangenberg James T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 3217 Washington Avenue Llc $621,175
Previous Owner Spangenberg James T $142,000
Previous Owner Spangenberg James T $45,000
Previous Owner Spangenberg James T $315,000
Previous Owner Spangenberg James T $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2022 06/16/22 Off Market $575,000 -- --
03/18/2022 03/18/22 For Sale $575,000 -- $30 / 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 $14,716 $586,000 $108,000 $478,000
2023 $15,747 $586,000 $108,000 $478,000
2022 $15,738 $586,000 $108,000 $478,000
2021 $17,604 $586,000 $108,000 $478,000
2020 $17,304 $586,000 $108,000 $478,000
2019 $16,429 $557,000 $108,000 $449,000
2018 $16,403 $274,000 $54,000 $220,000
2017 $9,098 $274,000 $54,000 $220,000
2016 $8,804 $258,000 $54,000 $204,000
2015 $8,374 $258,000 $54,000 $204,000
2014 $8,374 $258,000 $54,000 $204,000
2013 $8,374 $258,000 $54,000 $204,000
Source: Public Records

Agents Affiliated with this Home

  • John Crimmings

    Seller's Agent in 2022

    John Crimmings

    First Weber Inc- Racine

    (262) 637-9801

    3 in this area

    40 Total Sales

    John Crimmings
    Section Image

  • L

    Buyer Co-Listing Agent in 2022

    LISTING MAINTENANCE

    Showers Appraisals and Real Estate

  • Heidi Nemitz

    Buyer Co-Listing Agent in 2022

    Heidi Nemitz

    Gavin Brothers Auctioneers LLC

    (608) 963-9049

    1 in this area

    200 Total Sales

    Heidi Nemitz
    Section Image
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Map

Source: Metro MLS

MLS Number: 1763682

Metro MLS

APN: 276-000012025001

Wisconsin Racine County Racine 53405 West Racine

3217 Washington Ave Unit 3217, Racine, WI

This home is located at 3217 Washington Ave Unit 3217, Racine, WI 53405 since 18 March 2022. This property was built in 1926. 3217 Washington Ave Unit 3217 is a home located in Racine County with nearby schools including Fratt Elementary School, Jerstad-Agerholm Middle School, and Park High School.

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