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1718 Layard Avenue

1718 Layard Avenue, Racine, WI 53404
Commercial in Racine
Local assessors in Racine, WI have categorized 1718 Layard Avenue as a commercial type of property. The home was built in 1935 and is 89 years old. The property's lot size has been calculated to be 190,967 square feet. 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 1718 Layard Avenue has a total of 53,953 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. The home's a hot water heating system is the primary heating source. 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, 1718 Layard Avenue was last sold in Dec 15, 2020 for $560,000. According to our calculations, that's $10.38 per sqft. Current property owners are expected to pay $14,991 in taxes per year. The property on 1718 Layard Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $588,000. To break that down further, the land itself was valued at $221,000. While improvements to the property were assessed at a total of $367,000. 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.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Bedroom Count: 0
  • Building Condition: Fair
  • Building Quality: C
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 190,967
  • Total Building Area: 53,953
  • Gross Building Area: 53,953
  • Building Area: 53,953
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 53,953
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: LENOX
  • Land Acres: 4.384
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: NE 1/4 SECTION 5-3-23 BEG INTER NLN LAYARD AVE + C/L VAC CARLISLE AVE, E 450 FT TO POB, N 424.92 FT TO C/L VAC ROMAYNE AVE, W

Ownership

  • Current Owner : BELLE CITY ENTERPRISES LLC
  • Previous Owner : SWEETWIND LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Racine School District
  • School Tax School District: UNIFIED SCHOOL
  • School Tax District Code 2: TIF #22
  • Census Tract: 001201

Zoning

  • Zoning: I1

Geography

  • District: 276
  • Parcel: 276 000018788001
  • Block: 3
  • Municipality: CITY OF RACINE
  • Latitude: 42.7508
  • Longitude: -87.803

    Address

  • Full Address: 1718 Layard Ave
  • Address - House Number: 1718
  • Address - Street Name: Layard
  • Address - Suffix Type: Ave
  • State: WI
  • City Name: Racine
  • Carrier Code: C043
  • 4-Digit Zip Code: 2127
  • Zip Code: 53404

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $14,991
  • Tax Rate Code Area: 276

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $448,000
  • First Open Lien Mortgage Lender: TRI CITY NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Jan 19, 2021
  • First Open Lien Mortgage Loan Amount: $300,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jan 19, 2051
  • Second Open Lien Mortgage Lender: SWEETWIND LLC
  • Second Open Lien Mortgage Recording Date: Jan 19, 2021
  • Second Open Lien Mortgage Loan Amount: $148,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Commercial
  • Second Open Lien Mortgage Loan Due Date: Jan 19, 2051

    Market Valuation

  • Market Total Value: $651,206
  • Market Land Value: $244,756
  • Market Improvement Value: $406,450

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $588,000
  • Assessed Land Value: $221,000
  • Assessed Improvements Value: $367,000

    Sales

  • Current Sale Contract Date: Dec 15, 2020
  • Current Sale Recording Date: Jan 19, 2021
  • Current Sale Transaction ID: 11856716681
  • Current Sale Price: $560,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2578486

    Last Sale Mortgage

  • First Mortgage Lender: TRI CITY NATIONAL BANK
  • First Mortgage Transaction Date: Jan 19, 2021
  • First Mortgage Loan Amount: $300,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 1718 Layard Avenue located in?
The 1718 Layard Avenue is a commercial located in the neighborhood of Racine in Racine, Racine.
What is the average sales price for listings in 1718 Layard Avenue?
The average sales price for units in 1718 Layard Avenue is $0 currently.

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