Seller's Agent in 2021
Charity Chiappetta
Keller Williams Thrive-Kenosha
(262) 960-0257
3 in this area
59 Total Sales
515 6th St Racine, WI 53403
Downtown Racine NeighborhoodEstimated Value: $977,964
Studio
--
Bath
12,780
Sq Ft
$77/Sq Ft
Est. Value
About This Home
As of September 2021Located on Historic downtown Sixth St, This completely updated and remodeled building houses 9 residential units and 2 store fronts (businesses not included) Property has great cash flow and tenants! Owner pays maintenance, taxes, and residential sewer and water. This property is walking distance to all the main attractions including restaurants, bars and events. Just blocks from Lake Michigan and Reef Point Marina Property tax and sq footage listed are for both buildings combined . A must see for serious approved buyer only. Property is also listed under commercial in mls #1753521
Last Agent to Sell the Property
Keller Williams Thrive-Kenosha Brokerage Email: office@remaxnewport.com License #49235-94 Listed on: 07/21/2021
Property Details
Home Type
- Multi-Family
Lot Details
- 1,307 Sq Ft Lot
- 00364000
Home Design
- Brick Exterior Construction
- Rubber Roof
Interior Spaces
- 12,780 Sq Ft Home
- Basement Fills Entire Space Under The House
Schools
- Johnson Elementary School
- Mitchell Middle School
- Case High School
Community Details
- Operating Expense $21,240
- Net Operating Income $75,660
Listing and Financial Details
- Exclusions: seller and tenants personal property
- Tenant pays for electricity, gas
- The owner pays for sewer, water
- Assessor Parcel Number 00361000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 21, 2021
Closed on
Sep 16, 2021
Sold by
Kong Enterprises Llc
Bought by
Pensio Libertas Llc
Seller's Agent
Charity Chiappetta
Keller Williams Thrive-Kenosha
Buyer's Agent
Devin Cain
Realty ONE Group Boardwalk
List Price
$735,000
Sold Price
$735,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,964
Avg. Annual Appreciation
6.45%
Original Mortgage
$551,250
Outstanding Balance
$494,990
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$482,974
Purchase Details
Closed on
May 2, 2014
Sold by
Southport Bank
Bought by
Kong Enterprises Llc
Purchase Details
Closed on
Dec 16, 2010
Sold by
Spodick James R and Spodick Lisa
Bought by
Southport Bank
Purchase Details
Closed on
Dec 8, 2006
Sold by
Apple John
Bought by
Spodick James R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,007
Interest Rate
6.36%
Mortgage Type
Future Advance Clause Open End Mortgage
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Pensio Libertas Llc | $735,000 | Landmark Title Of Racine | |
| Kong Enterprises Llc | $100,000 | None Available | |
| Southport Bank | $283,500 | None Available | |
| Spodick James R | $129,106 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Pensio Libertas Llc | $551,250 | |
| Previous Owner | Spodick James R | $635,007 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/21/2021 09/21/21 | Sold | $735,000 | 0.0% | $58 / Sq Ft |
| 09/08/2021 09/08/21 | Pending | -- | -- | -- |
| 07/20/2021 07/20/21 | For Sale | $735,000 | -- | $58 / Sq Ft |
Source: Metro MLS
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 |
|---|---|---|---|---|
| 2025 | $7,044 | $248,000 | $17,000 | $231,000 |
| 2024 | $8,735 | $248,000 | $17,000 | $231,000 |
| 2023 | $8,007 | $248,000 | $17,000 | $231,000 |
| 2022 | $6,874 | $236,000 | $17,000 | $219,000 |
| 2021 | $7,600 | $236,000 | $17,000 | $219,000 |
| 2020 | $7,449 | $236,000 | $17,000 | $219,000 |
| 2019 | $7,074 | $225,000 | $17,000 | $208,000 |
| 2018 | $6,535 | $205,000 | $17,000 | $188,000 |
| 2017 | $6,678 | $205,000 | $17,000 | $188,000 |
| 2016 | $6,465 | $195,000 | $17,000 | $178,000 |
| 2015 | $10,098 | $195,000 | $17,000 | $178,000 |
| 2014 | $10,098 | $195,000 | $17,000 | $178,000 |
| 2013 | $10,098 | $320,000 | $17,000 | $303,000 |
Source: Public Records
Agents Affiliated with this Home
-
Charity Chiappetta
-
Devin Cain
Buyer's Agent in 2021
Devin Cain
Realty ONE Group Boardwalk
(262) 902-9152
4 in this area
31 Total Sales
Map
Source: Metro MLS
MLS Number: 1753519
APN: 276-000000361000
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