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1005 Grove Avenue

1005 Grove Avenue, Racine, WI 53405
Multifamily in Racine
Sold Apr 04, 2022
$122,000
$142,000 by Visio Financial Services Inc
Mortgage Due Jul 01, 2052
Sold Aug 04, 2021
$18,000
Buyer
Seller
Local assessors in Racine, WI have categorized 1005 Grove Avenue as a residential type of property. The home was built in 1909 and is 115 years old. The property's lot size has been calculated to be 4,792 square feet. The linear feet between the front and back of the lot was measured at 1,190 ft and the front of the lot was measured at 400 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex style. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1005 Grove Avenue has a total of 2,216 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is fair. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1005 Grove Avenue sold most recently in Mar 30, 2022 for a total of $122,000. If you work out the math, that's approximately a cost of $55.05 per sqft. Before that, the property was also sold for $18,000 in Jul 20, 2021. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,805 in taxes each year. 1005 Grove Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $157,000. If we break it down further, the land itself was valued at $18,000. Improvements to the property, however, were assessed at a total of $139,000. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Aluminum Siding
Brick Exterior / Wood Exterior
Vinyl Siding
Wood Exterior

Parking

Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1909
  • Effective Year Built: 1909
  • Bedroom Count: 0
  • Building Condition: Fair
  • Building Quality: C
  • Building Style: Duplex
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,792
  • Lot Size Depth Feet: 1,190
  • Lot Size Frontage Feet: 400
  • Total Building Area: 2,216
  • Gross Building Area: 2,216
  • Building Area: 2,216
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,216
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DELL LAND CO'S
  • Land Acres: 0.11
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Utilities (right-of-way only)
  • Legal Description 1: BLK 1 SYLVAN DELL LAND CO S SUB NO 1 LOT 29

Ownership

  • Current Owner : NEW BEGINNING HOLDINGS LLC
  • Previous Owner : JJC RENTALS
  • Owner Before Previous Owner: HUCK LYNN I
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Racine School District
  • School Tax School District: UNIFIED SCHOOL
  • Census Tract: 001101

Zoning

  • Zoning: R2

Geography

  • District: 276
  • Parcel: 276 000010301000
  • Block: 1
  • Lot: 29
  • Municipality: CITY OF RACINE
  • Latitude: 42.7213
  • Longitude: -87.8171

    Address

  • Full Address: 1005 Grove Ave
  • Address - House Number: 1005
  • Address - Street Name: Grove
  • Address - Suffix Type: Ave
  • State: WI
  • City Name: Racine
  • Carrier Code: C092
  • 4-Digit Zip Code: 2541
  • Zip Code: 53405

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,805
  • Tax Rate Code Area: 276

    Appraisal Valuation

  • Standard Deviation: 0.2265
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 68
  • Final Value: 171,989
  • High Value: 210,950
  • Low Value: 133,027

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $142,000
  • First Open Lien Mortgage Lender: VISIO FINANCIAL SERVICES INC
  • First Open Lien Mortgage Recording Date: Jun 20, 2022
  • First Open Lien Mortgage Loan Amount: $142,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2052

    Market Valuation

  • Market Total Value: $173,875
  • Market Land Value: $19,934
  • Market Improvement Value: $153,941

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $157,000
  • Assessed Land Value: $18,000
  • Assessed Improvements Value: $139,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 30, 2022
  • Current Sale Recording Date: Apr 04, 2022
  • Current Sale Transaction ID: 11887878430
  • Current Sale Price: $122,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2625345
  • Previous Sale Recording Date: Aug 04, 2021
  • Previous Sale Contract Date: Jul 20, 2021
  • Previous Sale Amount: $18,000
  • Previous Sale Document Type: Warranty Deed

About Racine



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1005 Grove Avenue located in?
The 1005 Grove Avenue is a multifamily located in the neighborhood of Racine in Racine, Racine.
What is the average sales price for listings in 1005 Grove Avenue?
The average sales price for units in 1005 Grove Avenue is $0 currently.

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