308 5th Street

308 5th Street has been categorized by the local assessors in Racine, WI as a commercial type of property. The building on the property was first built in 1905 and is 119 years old. The building has a total of 2 stories. In addition, 308 5th Street has 6,080 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,180 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as fair. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The exterior walls of the building are made of brick. In terms of heating, it 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, 308 5th Street was last sold in Dec 20, 2022 for $190,000. According to our calculations, that's $31.25 per sqft. Current property owners are expected to pay $5,605 in taxes per year. The property on 308 5th Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $200,000. To break that down further, the land itself was valued at $25,600. While improvements to the property were assessed at a total of $174,400. 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.