NOT LISTED FOR SALE

Estimated Value: $285,717

Studio
-- Bath
4,660 Sq Ft
$61/Sq Ft Est. Value

Sale Details

Date Sold: May 13, 2024

Last sale price $250,000 $54 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,872 / mo

23 Days on Market

Highlights

  • Property is near public transit
  • Central Air
  • 4-minute walk to Park Place
  • Handicap Accessible
  • Carpet

About This Home

As of May 2024

Prime Downtown Racine Commercial Gem! Discover a lucrative opportunity in this centrally located property featuring a large office space on the ground floor, two meticulously maintained apartments above, and updated furnaces installed in 2022. The commercial area offers convenience with two bathrooms (including one handicap accessible), a front desk, spacious open workspaces, private offices, and a fully equipped kitchen. The poured concrete basement is partially finished and provides ample storage. Coin laundry adds convenience for tenants and additional income for the owner. With its desirable 6th Street location and versatile layout, this property promises a lucrative investment in growing downtown Racine.

Last Agent to Sell the Property

Lance Penniston

First Weber Inc- Racine License #47378-94 Listed on: 02/08/2024

First Weber Inc- Racine

Last Buyer's Agent

Noah Katt

First Weber Inc- Racine License #95009-94

First Weber Inc- Racine

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,015

Lot Details

  • 2,178

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Rubber Roof

Interior Spaces

  • Restroom Available
  • 4,660 Sq Ft Home
  • Carpet
  • Basement Fills Entire Space Under The House

Additional Features

  • Handicap Accessible
  • 2,178 Sq Ft Lot
  • Property is near public transit
  • Central Air

Community Details

  • Office

Listing and Financial Details

  • Exclusions: Seller and Tenant's personal property.
  • Assessor Parcel Number 00354000

Property Details

Property Type

Other

Est. Annual Taxes

$3,015

Lot Details

2,178 Sq Ft Lot

Listing Details

  • Property Sub Type: Commercial/Industrial
  • Prop. Type: Comm/Industrial
  • Lot Size Acres: 0.05
  • Road Frontage Type: Town/City Road, High Visibility, Near Public Transit
  • Inclusions: Coin Washer and Dryer Machine, Refrigerator, Oven/Range, and Dishwasher on 1st floor. Refrigerators and Ovens/Ranges in both rental apartments. Shelves and filing cabinets in basement.
  • Directions: Head south on Main Street from Root River bridge. Continue on Main Street and turn right onto Sixth street. Property is 3 blocks west of Main Street on left hand side on Sixth street.
  • Property Information:Est Total Sq Ft: 4660
  • Special Features: None

Interior Features

  • Has Basement: Full, Poured Concrete

Exterior Features

  • Exclusions: Seller and Tenant's personal property.
  • Construction Type: Brick, Wood
  • Roof: Rubber

Utilities

  • Green Building Features: Fixtures, Carpeting, Rest Rooms, Living Space Avail, Handicap Access, Handicap Equipped, Office(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Sewer: Municipal Sewer

Lot Info

  • Lot Size Sq Ft: 2178
  • Parcel #: 00354000

Tax Info

  • Tax Annual Amount: 3015
  • Tax Year: 2022

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2024
Closed on
May 16, 2024
Sold by
Bought by
Seller's Agent
Lance Penniston
First Weber Inc- Racine
Buyer's Agent
Noah Katt
First Weber Inc- Racine
List Price
$299,900
Sold Price
$250,000
Premium/Discount to List
-$49,900
-16.64%
Current Estimated Value
$285,717

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,717
Avg. Annual Appreciation
6.17%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$250,000 Ann Sorenson
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/13/2024 05/13/24 Sold $250,000 -16.6% $54 / Sq Ft
03/01/2024 03/01/24 Pending -- -- --
02/07/2024 02/07/24 For Sale $299,900 -- $64 / Sq Ft
Source: Metro MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $3,637 $129,000 $8,400 $120,600
2024 $3,620 $129,000 $8,400 $120,600
2023 $3,764 $129,000 $8,400 $120,600
2022 $3,639 $123,000 $8,400 $114,600
2021 $4,016 $123,000 $8,400 $114,600
2020 $3,939 $123,000 $8,400 $114,600
2019 $3,727 $117,000 $8,400 $108,600
2018 $3,340 $102,000 $8,400 $93,600
2017 $3,464 $102,000 $8,400 $93,600
2016 $3,532 $102,000 $8,400 $93,600
2015 $3,393 $102,000 $8,400 $93,600
2014 $3,393 $102,000 $8,400 $93,600
2013 $3,393 $102,000 $8,400 $93,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Metro MLS

MLS Number: 1863990

Metro MLS

APN: 276-000000354000

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