NOT LISTED FOR SALE

3723 Washington Ave Racine, WI 53405

West Racine Neighborhood

Estimated Value: $655,994

-- Bed
-- Bath
4,912 Sq Ft
$134/Sq Ft Est. Value

Last Sold November 17, 2021

Last sale price $470,000 $96 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $4,254/month

8 Days on Market

About This Home

As of November 2021

This gorgeous brick 6-family in West Racine offers solid cash flow while being nearly maintenance free! Property has been extensively renovated with fully updated electrical, complete tear off roof/replacement and new gutters within last two years, four of six units fully renovated including appliances, flooring, paint, fixtures, ceiling fans, etc. Lockable storage available for each unit and laundry hookup avail for each unit in basement. 2 New furnaces and unit #6 has two new PTAC units all within last 2 yrs. Gross monthly rent at $4,885!Don't miss this opportunity!!

Last Agent to Sell the Property

Blake Retzer

Premier Point Realty LLC License #64983-94 Listed on: 09/01/2021

Last Buyer's Agent

Pamela Galati

Lannon Stone Realty LLC License #57690-90

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $7,385

Year Built

  • Built in 1958

Lot Details

  • 9,148 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Aluminum Trim

Interior Spaces

  • 4,912 Sq Ft Home
  • Multi-Level Property

Basement

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

Parking

  • Enclosed Parking
  • Outside Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • 6 Units

Listing and Financial Details

  • Exclusions: Seller and tenant's personal possessions

Property Details

Home Type

Apartment

Est. Annual Taxes

$7,385

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Prop. Type: Multi-Family
  • Inclusions: (6)refrigerators, (6)ovens/ranges, (1)washing machine, (1)dryer, (2)PTAC units in unit #6, (4) window AC units
  • Directions: Take Hwy 20 (Washington Ave) East from Green Bay Rd just past Lathrop Ave.
  • New Construction: No
  • Year Built: 1958
  • Cleared Acreage: Less than 1/2
  • Full Street Address: 3723 Washington Ave
  • Type 5 Heat Fuel: Electric, Natural Gas
  • Lot Acreage: 0.21
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Seller Leased: Dryer, Seller Leased: Washer, Seller Owned: Dryer, Seller Owned: Washer, Seller Owned: Water Heater
  • Has Basement: Block, Full, Laundry Facilities
  • Second Floor Total Sq Ft: 4912.00

Exterior Features

  • Exclusions: Seller and tenant's personal possessions
  • Exterior Building Type: Apartment Building
  • Exterior: Aluminum Trim, Brick/Stone, Brick

Garage/Parking

  • Parking Features:Workshop in Garage: Indoor Space
  • Garage/Parking: Outdoor Space, Inside Parking, Outside

Utilities

  • Water Waste: Municipal Sewer, Municipal Water

Condo/Co-op/Association

  • Stories in Building: 1 - 2

Schools

  • School District: Racine
  • Junior High Dist: Racine

Lot Info

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

Tax Info

  • Tax Year: 2020
  • Total Taxes: 7384.68

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2021
Closed on
Nov 17, 2021
Sold by
Rt 3723 Llc
Bought by
3723 Washington Llc
Seller's Agent
Blake Retzer
Premier Point Realty LLC
Buyer's Agent
Pamela Galati
Lannon Stone Realty LLC
List Price
$470,000
Sold Price
$470,000
Current Estimated Value
$655,994

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,994
Avg. Annual Appreciation
8.83%
Original Mortgage
$350,000
Outstanding Balance
$320,715
Interest Rate
2.99%
Mortgage Type
Commercial
Estimated Equity
$335,279

Purchase Details

Listed on
Jan 26, 2018
Closed on
Mar 13, 2018
Sold by
Erdman Properties Llc
Bought by
Rt 3723 Llc
Seller's Agent
Andrew Bollmeier
First Weber Inc- Racine
Buyer's Agent
MetroMLS NON
NON MLS
List Price
$255,000
Sold Price
$255,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.08%
Original Mortgage
$191,250
Interest Rate
4.22%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 19, 2008
Sold by
Rozek Therese
Bought by
Gonzales David H
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
3723 Washington Llc $475,000 Milwaukee Title Inc
Rt 3723 Llc $255,000 None Available
Gonzales David H $148,065 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 3723 Washington Llc $350,000
Previous Owner Rt 3723 Llc $191,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/17/2021 11/17/21 Sold $470,000 0.0% $96 / Sq Ft
09/09/2021 09/09/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $470,000 +84.3% $96 / Sq Ft
03/13/2018 03/13/18 Sold $255,000 0.0% -- View Prior Sale
01/28/2018 01/28/18 Pending -- -- --
01/26/2018 01/26/18 For Sale $255,000 -- --
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 $9,426 $389,000 $41,200 $347,800
2023 $8,853 $338,000 $41,200 $296,800
2022 $7,561 $294,000 $41,200 $252,800
2021 $7,818 $270,000 $41,200 $228,800
2020 $7,647 $270,000 $41,200 $228,800
2019 $7,206 $255,000 $41,200 $213,800
2018 $6,651 $215,000 $41,200 $173,800
2017 $9,880 $215,000 $41,200 $173,800
2016 $7,135 $205,000 $41,200 $163,800
2015 $8,062 $205,000 $41,200 $163,800
2014 $8,062 $205,000 $41,200 $163,800
2013 $8,062 $230,000 $45,800 $184,200
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Blake Retzer

    Premier Point Realty LLC

    (414) 395-5478

    1 in this area

    23 Total Sales

    Blake Retzer
    Section Image
  • Pamela Galati

    Buyer's Agent in 2021

    Pamela Galati

    Lannon Stone Realty LLC

    (262) 902-1887

    1 in this area

    6 Total Sales

    Pamela Galati
    Section Image

  • A

    Seller's Agent in 2018

    Andrew Bollmeier

    First Weber Inc- Racine

  • M

    Buyer's Agent in 2018

    MetroMLS NON

    NON MLS

See All Agents

Map

Source: Metro MLS

MLS Number: 1760990

Metro MLS

APN: 276-000011500000

Wisconsin Racine County Racine 53405 West Racine

3723 Washington Ave, Racine, WI

This home is located at 3723 Washington Ave, Racine, WI 53405 since 01 September 2021 and is currently estimated at $655,994, approximately $133 per square foot. This property was built in 1958. 3723 Washington Ave 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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