NOT LISTED FOR SALE

507 Melvin Ave Racine, WI 53402

Wolffs Town Neighborhood

Estimated Value: $285,000 - $335,000

3 Beds
1.5 Baths
2,093 Sq Ft
$153/Sq Ft Est. Value

Last Sold June 11, 2021

Last sale price $256,000 $122 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,304/month

5 Days on Market

Highlights

  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Wood Siding
  • Walk-In Closet
  • Walk-in Shower

About This Home

As of June 2021

Location! Location! Fabulous neighborhood just a short stroll to Lake Michigan beach and the Racine Zoo. A well taken care of colonial home with fantastic updates inside and out. Hardwood floors, natural fireplace, built-ins for added charm in the living and dining room, and balcony off the master bedroom. The kitchen is a culinary dream with custom cabinets, granite countertop, professional grade range/oven hood and all new appliances! Updates include exterior paint, all new windows, electrical, new and refinished hardwood flooring throughout most of the house, bathroom updates, new light fixtures and outlet upgrades throughout, brand new a/c (2020). Finished rec room with natural fireplace and an additional room. Enjoy a large covered porch and southern exposure in your backyard.

Last Agent to Sell the Property

Jeremy Doering

Doering & Co Real Estate, LLC License #58165-90 Listed on: 05/05/2021

Last Buyer's Agent

Brandon Fenderson

North Shore Homes, Inc. License #79422-94

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,619

Year Built

  • Built in 1941

Lot Details

  • 6,970 Sq Ft Lot
  • Property is zoned R2

Parking

  • 1 Car Detached Garage
  • Garage Door Opener

Home Design

  • Wood Siding

Interior Spaces

  • 2,093 Sq Ft Home
  • 2-Story Property

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Basement

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

Utilities

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

Listing and Financial Details

  • Exclusions: Washer/Dryer, Shoe Cabinet in Hall, Basement Freezer, Seller's Personal Property

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,619

Year Built

Built in 1941

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Single-Family
  • Inclusions: Refrigerator, Oven/Range, Dishwasher, Disposal, Microwave, Firewood racks on back porch with firewood
  • Directions: N. Main to Melvin Ave, East to property
  • New Construction: No
  • Year Built: 1941
  • Cleared Acreage: Less than 1/2
  • Architecture: Colonial
  • Full Street Address: 507 Melvin Ave
  • Type 5 Heat Fuel: Natural Gas
  • Kitchen Level: Main
  • Lot Acreage: 0.16
  • Municipality Type: City
  • Other Rm1 Level: Lower
  • Other Rm1 Name: Other Room
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Range/Oven, Range, Refrigerator
  • Has Basement: Block, Full
  • Interior Amenities: Cable/Satellite Available, Pantry, Walk-in closet(s)
  • Bathroom Description: Ceramic Tile, Shower Stall
  • Room Bedroom2 Level: Upper
  • Bedroom 3 Level: Upper
  • Dining Room Dining Room Level: Main
  • Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Upper
  • Master Bedroom Master Bedroom Width: 13
  • Second Floor Total Sq Ft: 2093.00

Exterior Features

  • Exclusions: Washer/Dryer, Shoe Cabinet in Hall, Basement Freezer, Seller's Personal Property
  • Exterior Building Type: 2 Story
  • Exterior: Wood

Garage/Parking

  • Parking Features:Workshop in Garage: Opener Included, Detached, 1 Car
  • Garage Spaces: 1.0

Utilities

  • Water Waste: Municipal Sewer, Municipal Water

Schools

  • Junior High Dist: Racine

Lot Info

  • Zoning: R2
  • Acreage Range: 0.0 to .499
  • Lot Description: Sidewalks

Tax Info

  • Tax Year: 2020
  • Total Taxes: 5618.69

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2021
Closed on
Jun 10, 2021
Sold by
Doering Richard B and Doering Shelley M
Bought by
Gates Iris and Bell Fulton
Seller's Agent
Jeremy Doering
Doering & Co Real Estate, LLC
Buyer's Agent
Brandon Fenderson
North Shore Homes, Inc.
List Price
$256,000
Sold Price
$256,000
Current Estimated Value
$321,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,040
Avg. Annual Appreciation
5.30%
Original Mortgage
$135,000
Outstanding Balance
$122,226
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$198,814

Purchase Details

Closed on
Aug 3, 2018
Sold by
Church Benjamin C and Church Carmen
Bought by
Doering Richard B and Doering Shelley M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,600
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2006
Sold by
Zimmer Jeffrey J and Zimmer Kelly A
Bought by
Church and Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,250
Interest Rate
6.54%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 2, 2005
Sold by
Coady Thomas P and Coady Susan O
Bought by
Zimmer Jeffrey and Zimmer Kelly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
5.93%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Gates Iris $256,000 Milwaukee Title
Doering Richard B $187,000 Landmark Title Of Racine Inc
Church $215,000 --
Zimmer Jeffrey $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gates Iris $135,000
Previous Owner Doering Richard B $149,600
Previous Owner Church $32,250
Previous Owner Church $172,000
Previous Owner Zimmer Jeffrey $199,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/11/2021 06/11/21 Sold $256,000 0.0% $122 / Sq Ft
05/10/2021 05/10/21 Pending -- -- --
05/05/2021 05/05/21 For Sale $256,000 -- $122 / 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 $7,388 $284,200 $28,800 $255,400
2023 $7,137 $261,000 $28,800 $232,200
2022 $6,635 $233,000 $28,800 $204,200
2021 $5,986 $212,000 $28,800 $183,200
2020 $5,757 $212,000 $28,800 $183,200
2019 $5,346 $199,000 $28,800 $170,200
2018 $5,073 $167,000 $28,800 $138,200
2017 $4,954 $167,000 $28,800 $138,200
2016 $5,061 $167,000 $28,800 $138,200
2015 $4,835 $162,000 $28,800 $133,200
2014 $4,835 $162,000 $28,800 $133,200
2013 $4,835 $166,000 $33,900 $132,100
Source: Public Records

Agents Affiliated with this Home

  • Jeremy Doering

    Seller's Agent in 2021

    Jeremy Doering

    Doering & Co Real Estate, LLC

    (262) 853-1936

    2 in this area

    195 Total Sales

    Jeremy Doering
    Section Image

  • B

    Buyer's Agent in 2021

    Brandon Fenderson

    North Shore Homes, Inc.

    Section Image
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Map

Source: Metro MLS

MLS Number: 1738836

Metro MLS

APN: 276-000005117000

Wisconsin Racine County Racine 53402 Wolffs Town

507 Melvin Ave, Racine, WI

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