NOT LISTED FOR SALE

87 Riverside Dr Racine, WI 53404

Cedar Bend Neighborhood

Estimated Value: $154,000 - $198,000

5 Beds
3 Baths
-- Sq Ft
3,049 Sq Ft Lot

Sale Details

Date Sold: December 7, 2023

Last sale price $155,000

Est. 12% increase in value since last sale

Current estimated payment $1,227 / mo

Highlights

  • Water Views
  • Forced Air Heating System
  • 3-minute walk to Cedar Bend Park
  • Enclosed Parking

About This Home

As of December 2023

Welcome to the perfect investment opportunity! You can rent out all units or even owner occupy the vacant unit.Recently grossed $2400/mo when fully occupied. This is an excellent opportunity for investors who are looking for a steady stream of rental income. Don't miss out on the chance to own this fantastic triplex.

Last Agent to Sell the Property

Alexis Brooks

Milwaukee's Best Real Estate Services LLC License #96220-94 Listed on: 10/23/2023

Last Buyer's Agent

Alejandro Sanchez

Shorewest Realtors - South Metro License #60445-94

Shorewest Realtors - South Metro

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,913

Year Built

  • Built in 1904

Lot Details

  • 3,049 Sq Ft Lot

Interior Spaces

  • Multi-Level Property
  • Water Views
  • Basement Fills Entire Space Under The House

Parking

  • Enclosed Parking
  • No Garage
  • Outside Parking

Utilities

  • Forced Air Heating System
  • Mound Septic

Community Details

  • 3 Units

Listing and Financial Details

  • Exclusions: Tenants personal property

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,913

Year Built

Built in 1904

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Prop. Type: Multi-Family
  • Inclusions: Stove and fridge in each unit
  • Directions: Use the navigation from your cellular device or use a GPS from your location.
  • New Construction: No
  • Year Built: 1904
  • Cleared Acreage: Less than 1/2
  • Architecture: Other
  • Full Street Address: 87 Riverside DRIVE
  • Lot Acreage: 0.07
  • Municipality Type: City
  • Property Water Features: View of Water
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Appliances: Seller Owned: Water Heater
  • Has Basement: Full

Exterior Features

  • Exclusions: Tenants personal property
  • Exterior: Aluminum/Steel, Aluminum

Garage/Parking

  • Parking Features:Workshop in Garage: None
  • Garage/Parking: Inside Parking, Outside

Utilities

  • Water Waste: Municipal Sewer, Municipal Water

Condo/Co-op/Association

  • Stories in Building: 3 - 4

Schools

  • Junior High Dist: Racine

Lot Info

  • Zoning: R-3
  • Acreage Range: 0.0 to .499

Tax Info

  • Tax Year: 2022
  • Total Taxes: 1912.68

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
Oct 23, 2023
Closed on
Dec 7, 2023
Sold by
Djurisic Alejandro
Bought by
Seller's Agent
Alexis Brooks
Milwaukee's Best Real Estate Services LLC
Buyer's Agent
Alejandro Sanchez
Shorewest Realtors - South Metro
List Price
$160,000
Sold Price
$155,000
Premium/Discount to List
-$5,000
-3.12%
Views
30
Current Estimated Value
$174,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,164
Avg. Annual Appreciation
4.36%
Original Mortgage
$116,250
Outstanding Balance
$113,465
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$60,699

Purchase Details

Listed on
Oct 23, 2023
Closed on
Nov 9, 2023
Sold by
Scott Royal Smith Trustee Of The 87 Riv
Bought by
Djurisic Alejandro
Seller's Agent
Alexis Brooks
Milwaukee's Best Real Estate Services LLC
Buyer's Agent
Alejandro Sanchez
Shorewest Realtors - South Metro
List Price
$160,000
Sold Price
$155,000
Premium/Discount to List
-$5,000
-3.12%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Outstanding Balance
$113,465
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$60,699

Purchase Details

Closed on
Oct 14, 2022
Sold by
Djurisic Alejandro
Bought by
87 Riverside Drive Trust and Smith

Purchase Details

Closed on
Sep 7, 2021
Sold by
Nicks Nathaniel
Bought by
Acenwi Llc

Purchase Details

Closed on
Sep 3, 2021
Sold by
Acenwi Llc
Bought by
Djurisic Alejandro

Purchase Details

Closed on
May 20, 2013
Sold by
Federal National Mortgage Association
Bought by
Nicks Nathaniel

Purchase Details

Closed on
Nov 13, 2012
Sold by
Gill Brian J
Bought by
Federal National Mortgage Association
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Cedar Bend, WI

  • Steve Robe Elite Team* Real Estate Agent - Real Broker LLC

    Steve Robe Elite Team*

    Real Broker LLC

    (262) 300-8930

    285 Total Sales

    1 in Cedar Bend

    $163,000 Price

    Steve Robe Elite Team*
     Section Image
  • Ben Gentile Real Estate Agent - Epique Realty Inc

    Ben Gentile

    Epique Realty Inc

    (262) 300-7348

    127 Total Sales

    1 in Cedar Bend

    $180,000 Price

    Ben Gentile
     Section Image
  • Alissa Traughber Real Estate Agent - Keller Williams Thrive-Kenosha

    Alissa Traughber

    Keller Williams Thrive-Kenosha

    (262) 383-3044

    153 Total Sales

    1 in Cedar Bend

    $105,000 Price

    Alissa Traughber
     Section Image
  • Karen Kristopeit Real Estate Agent - Shorewest Realtors, Inc.

    Karen Kristopeit

    Shorewest Realtors, Inc.

    (262) 300-5899

    25 Total Sales

    1 in Cedar Bend

    $30,000 Price

    Karen Kristopeit
     Section Image
  • Kayleigh Chrostowski Real Estate Agent - Rock Realty

    Kayleigh Chrostowski

    Rock Realty

    (608) 208-6809

    62 Total Sales

    1 in Cedar Bend

    $219,000 Price

    Kayleigh Chrostowski
     Section Image
  • Michael Borowski Real Estate Agent - Homestead Realty, Inc

    Michael Borowski

    Homestead Realty, Inc

    (414) 261-4321

    1,121 Total Sales

    2 in Cedar Bend

    $150K - $165K Price Range

    Michael Borowski
     Section Image
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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
$155,000 Merit Title
Djurisic Alejandro $81,200 Scott Royal Smith
87 Riverside Drive Trust -- None Listed On Document
Acenwi Llc $115,000 Merit Title Inc
Djurisic Alejandro $162,500 Merit Title Llc
Nicks Nathaniel -- Merit Title Llc
Federal National Mortgage Association -- None Available
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $116,250
Previous Owner Gill Brian $105,000
Previous Owner Gill Brian $95,250
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
12/07/2023 12/07/23 Sold $155,000 -3.1% --
10/26/2023 10/26/23 For Sale $160,000 -- --
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 $3,253 $105,800 $5,800 $100,000
2024 $3,108 $95,900 $5,800 $90,100
2023 $729 $87,000 $5,800 $81,200
2022 $1,434 $79,000 $5,800 $73,200
2021 $2,419 $72,000 $5,800 $66,200
2020 $2,467 $72,000 $5,800 $66,200
2019 $2,904 $67,000 $5,800 $61,200
2018 $2,102 $65,000 $5,800 $59,200
2017 $2,235 $65,000 $5,800 $59,200
2016 $2,272 $65,000 $5,800 $59,200
2015 $2,142 $65,000 $5,800 $59,200
2014 $2,142 $65,000 $5,800 $59,200
2013 $2,142 $68,000 $8,600 $59,400
Source: Public Records

Agents Affiliated with this Home

  • AB

    Seller's Agent in 2023

    Alexis Brooks

    Milwaukee's Best Real Estate Services LLC

  • AS

    Buyer's Agent in 2023

    Alejandro Sanchez

    Shorewest Realtors - South Metro

    (414) 915-4584

    1 in this area

    124 Total Sales

    Alejandro Sanchez
    Section Image
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Map

Source: Metro MLS

MLS Number: 1855597

Metro MLS

APN: 276-000007331001

Wisconsin Racine County Racine 53404 Cedar Bend

87 Riverside Dr, Racine, WI

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Metro MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

IDX listing data provided by Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified.

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