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1240 Erie Street

1240 Erie Street, Racine, WI 53402
Property in Racine
Sold Sep 25, 2018
$77,000
$75,600 by Loandepot.com Llc
Mortgage Due Oct 01, 2048
Sold Jan 16, 2008
$60,000
$48,000 by Educators Cu
Mortgage
1240 Erie Street in Racine, WI was first built in 1840 and is 184 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a duplex style. There are a total of 2 floors. 1240 Erie Street has 1,480 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 450 ft and the linear feet between the front and back of the lot is 1,350. In total, the area measurement of the land is 6,447 square feet.

Learn more about the property and building on this page. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as fair. The exterior walls of the home are made of brick. As for heating, the home is utilizing a heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1240 Erie Street was last sold in Sep 20, 2018 for $77,000. According to our calculations, that's $52.03 per sqft. Prior to that sales transaction, the property was sold for $60,000 in Jan 14, 2008. Current property owners are expected to pay $2,238 in taxes per year. The property on 1240 Erie Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $94,000. To break that down further, the land itself was valued at $10,800. While improvements to the property were assessed at a total of $83,200. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1840
  • Effective Year Built: 1840
  • 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: 6,447
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 450
  • Total Building Area: 1,480
  • Gross Building Area: 1,480
  • Building Area: 1,480
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,480
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WRIGHT'S
  • Land Acres: 0.148
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Utilities (right-of-way only)
  • Legal Description 1: NW 1/4 SECTION 9-3-23 PT LOT 8 BEG INTER SLN HUBBARD ST + WLN ERIE ST, W 135 FT, S 52.47 FT, E 50 FT, N 7.47 FT, E 85 FT, N

Ownership

  • Current Owner : MCFARLIN JOHN D
  • Previous Owner : BOHM ERIC M
  • Previous Owner 2: BOHM BEVERLEE ANN
  • Owner Before Previous Owner: BOHM MICHAEL R
  • Owner Before Previous Owner 2: BOHM GIGI K
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Racine School District
  • School Tax School District: UNIFIED SCHOOL
  • Census Tract: 000400

Zoning

  • Zoning: R3

Geography

  • District: 276
  • Parcel: 276 000001775000
  • Block: 7
  • Lot: 8
  • Municipality: CITY OF RACINE
  • Latitude: 42.7367
  • Longitude: -87.7873

    Address

  • Full Address: 1240 Erie St
  • Address - House Number: 1240
  • Address - Street Name: Erie
  • Address - Suffix Type: St
  • State: WI
  • City Name: Racine
  • Carrier Code: C010
  • 4-Digit Zip Code: 5122
  • Zip Code: 53402

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,238
  • Tax Rate Code Area: 276

    Appraisal Valuation

  • Standard Deviation: 0.4769
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 4
  • Final Value: 130,798
  • High Value: 193,177
  • Low Value: 68,418

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $75,600
  • First Open Lien Mortgage Lender: LOANDEPOT.COM LLC
  • First Open Lien Mortgage Recording Date: Sep 25, 2018
  • First Open Lien Mortgage Loan Amount: $75,600
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2048

    Market Valuation

  • Market Total Value: $104,103
  • Market Land Value: $11,960
  • Market Improvement Value: $92,143

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $94,000
  • Assessed Land Value: $10,800
  • Assessed Improvements Value: $83,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 20, 2018
  • Current Sale Recording Date: Sep 25, 2018
  • Current Sale Transaction ID: 11520545404
  • Current Sale Price: $77,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2504170
  • Previous Sale Recording Date: Jan 16, 2008
  • Previous Sale Contract Date: Jan 14, 2008
  • Previous Sale Amount: $60,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOANDEPOT.COM LLC
  • First Mortgage Transaction Date: Sep 25, 2018
  • First Mortgage Loan Amount: $75,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: EDUCATORS CU
  • Previous Mortgage Transaction Date: Jan 16, 2008
  • Previous Mortgage Loan Amount: $48,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Stand Alone Second

About Racine



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333 Lake Ave #805, Racine, WI, 53403 Listing by Marie A Kentgen

Frequently Asked Questions

What neighborhood is 1240 Erie Street located in?
The 1240 Erie Street is a located in the neighborhood of Racine in Racine, Racine.
What is the average sales price for listings in 1240 Erie Street?
The average sales price for units in 1240 Erie Street is $0 currently.

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