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1518 Erie Street

1518 Erie Street, Racine, WI 53402
Multifamily in Racine
Sold Jun 25, 2020
$112,000
$84,000 by Gateway Mortgage Corp
Mortgage Due Jul 01, 2050
Sold Apr 17, 2006
$120,500
$96,400 by Wells Fargo Bank Na
Mortgage Due May 01, 2036
1518 Erie Street in Racine, WI was first built in 1883 and is 141 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. There are a total of 11 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1518 Erie Street has 2,438 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 575 ft and the linear feet between the front and back of the lot is 1,150. In total, the area measurement of the land is 6,621 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, 1518 Erie Street was last sold in Jun 14, 2020 for $112,000. According to our calculations, that's $45.94 per sqft. Prior to that sales transaction, the property was sold for $120,500 in Apr 14, 2006. Current property owners are expected to pay $3,359 in taxes per year. The property on 1518 Erie Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $128,000. To break that down further, the land itself was valued at $13,700. While improvements to the property were assessed at a total of $114,300. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

Building Features

Exterior

Brick Exterior

Driveway

Driveway

Parking

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

Building Info

Overview

    General

  • Year Built: 1883
  • Effective Year Built: 1883
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 6,621
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 575
  • Total Building Area: 2,438
  • Gross Building Area: 2,438
  • Building Area: 2,438
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 2,438
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WRIGHT'S
  • Land Acres: 0.152
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Utilities (right-of-way only)
  • Legal Description 1: BLK 15 NW 1/4 SECTION 9-3-23 N 57.5 FT OF E 1/2, W OF ERIE ST

Ownership

  • Current Owner : KOHLS BENJAMIN E
  • Current Owner 2: KOHLS KADIE M
  • Previous Owner : ALCALA RIGOBERTO
  • Previous Owner 2: ALCALA JODI L
  • Owner Before Previous Owner: MILLER FAM INVESTMENTS LLC

Neighborhood

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

Zoning

  • Zoning: R3

Geography

  • District: 276
  • Parcel: 276 000001828000
  • Block: 15
  • Municipality: CITY OF RACINE
  • Latitude: 42.7401
  • Longitude: -87.7874

    Address

  • Full Address: 1518 Erie St
  • Address - House Number: 1518
  • Address - Street Name: Erie
  • Address - Suffix Type: St
  • State: WI
  • City Name: Racine
  • Carrier Code: C010
  • 4-Digit Zip Code: 4831
  • Zip Code: 53402

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,359
  • Tax Rate Code Area: 276

    Appraisal Valuation

  • Standard Deviation: 0.4769
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 4
  • Final Value: 169,334
  • High Value: 250,092
  • Low Value: 88,575

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $84,000
  • First Open Lien Mortgage Lender: GATEWAY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jun 25, 2020
  • First Open Lien Mortgage Loan Amount: $84,000
  • 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, 2050

    Market Valuation

  • Market Total Value: $141,758
  • Market Land Value: $15,172
  • Market Improvement Value: $126,586

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $128,000
  • Assessed Land Value: $13,700
  • Assessed Improvements Value: $114,300

    Sales

  • Current Sale Contract Date: Jun 14, 2020
  • Current Sale Recording Date: Jun 25, 2020
  • Current Sale Transaction ID: 11772878501
  • Current Sale Price: $112,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2555784
  • Previous Sale Recording Date: Apr 17, 2006
  • Previous Sale Contract Date: Apr 14, 2006
  • Previous Sale Amount: $120,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GATEWAY MORTGAGE CORP
  • First Mortgage Transaction Date: Jun 25, 2020
  • First Mortgage Loan Amount: $84,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Apr 17, 2006
  • Previous Mortgage Loan Amount: $96,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2036

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Frequently Asked Questions

What neighborhood is 1518 Erie Street located in?
The 1518 Erie Street is a multifamily located in the neighborhood of Racine in Racine, Racine.
What is the average sales price for listings in 1518 Erie Street?
The average sales price for units in 1518 Erie Street is $0 currently.

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