NOT LISTED FOR SALE

949 Washington Ave Racine, WI 53403

Midtown Neighborhood

Estimated Value: $963,443

-- Bed
16 Baths
-- Sq Ft
4,356 Sq Ft Lot

About This Home

Back on the Market! 11% Cap Rate Mixed Use Multi Family property in Racine, WI. The Unit mix is 15 Studio units, one-1 bedroom unit plus One-store front. Property offers a new elastomeric roof, new cast iron boilers replaced in 2019, tuck pointing completed in 2019, all 175-gallon stainless domestic system, all shower posi temps and drain sets replaced, masonry restored, new tile, baths restored, new intercom system, cabinets, appliances, light fixtures & ceiling fans, new wall & ceiling surfaces & flooring. Huge basement w/tenant storage, shop, new water heater.LAND CONTRACT TERMS: MINIMUM 40% DOWN, 6.5% INTEREST RATE ( NEGOTIABLE) 5 YEAR BALLOON NO PRE PAY.

Last Buyer's Agent

Paul Proano

Coldwell Banker Realty License #86841-94

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,550

Year Built

  • Built in 1931

Lot Details

  • 4,356

Home Design

  • Poured Concrete

Additional Features

  • Basement Fills Entire Space Under The House
  • 4,356 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 03698000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,550

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.1
  • Directions: HWY20 WASHINGTON AVE TO PROPERTY
  • Year Built: 1931
  • Special Features: None
  • Stories: 0

Interior Features

  • Has Basement: Full, Poured Concrete

Lot Info

  • Parcel #: 03698000
  • Zoning Description: B3
  • Zoning: B3

Tax Info

  • Tax Annual Amount: 9550
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2011
Sold by
Port Gilbert Llc
Bought by
M & I Marshall & Iisley Bank
Current Estimated Value
$963,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,884
Outstanding Balance
$184,663
Interest Rate
4.78%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$778,780
Source: Public Records

Range of Values:

Collateral Analytics

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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
M & I Marshall & Iisley Bank $270,228 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open M & I Marshall & Iisley Bank $268,884
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2023 04/02/23 Off Market $724,999 -- --
02/05/2023 02/05/23 Pending -- -- --
12/09/2022 12/09/22 For Sale $724,999 0.0% --
11/16/2022 11/16/22 Pending -- -- --
11/15/2022 11/15/22 Price Changed $724,999 0.0% --
10/09/2022 10/09/22 For Sale $725,000 0.0% --
09/16/2022 09/16/22 Pending -- -- --
08/31/2022 08/31/22 For Sale $725,000 -- --
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 $10,786 $439,000 $9,200 $429,800
2023 $8,942 $343,000 $9,200 $333,800
2022 $8,513 $326,000 $9,200 $316,800
2021 $9,550 $326,000 $9,200 $316,800
2020 $9,343 $326,000 $9,200 $316,800
2019 $8,871 $310,000 $9,200 $300,800
2018 $8,443 $273,000 $9,200 $263,800
2017 $8,393 $273,000 $9,200 $263,800
2016 $8,190 $260,000 $9,200 $250,800
2015 $5,882 $242,000 $9,200 $232,800
2014 $5,882 $242,000 $9,200 $232,800
2013 $5,882 $192,000 $10,700 $181,300
Source: Public Records

Agents Affiliated with this Home

  • Paul Proano

    Buyer's Agent in 2023

    Paul Proano

    Coldwell Banker Realty

    (312) 860-4043

    1 in this area

    51 Total Sales

    Paul Proano
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Map

Source: Metro MLS

MLS Number: 1809315

Metro MLS

APN: 276-000003698000

Wisconsin Racine County Racine 53403 Midtown

949 Washington Ave, Racine, WI

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