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5640 Richwood Lane

5640 Richwood Lane, Racine, WI 53402
House in Caledonia
Sold Apr 01, 2020
$372,000
$250,000 by Bank Of America Na
Mortgage Due Apr 01, 2050
Sold Jun 25, 2019
$140,700
This has been categorized as a residential property type. In total, the area measurement of the land is 11,151 square feet.

Learn more about the property and building on this page. 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, 5640 Richwood Lane sold most recently in Mar 20, 2020 for a total of $372,000. Before that, the property was also sold for $140,700 in Jun 21, 2019. 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 $7,393 in taxes each year. 5640 Richwood Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $439,100. If we break it down further, the land itself was valued at $39,100. Improvements to the property, however, were assessed at a total of $400,000. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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

Condition

New Construction

Exterior

Stone Exterior
Vinyl Siding

Parking

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

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 11,151
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RAVINE BAY ESTATES
  • Land Acres: 0.256
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PT NW1/4 RAVINE BAY ESTATES LOT 7 BLK 2 FROM 004042321025000 004042321033000 & KENTWOOD ESTATES IN 88 FOR 89 ROLL

Ownership

  • Current Owner : HAYDEN CECIL
  • Current Owner 2: HAYDEN DEBORAH
  • Previous Owner : NEWBROOK HOMES INC
  • Owner Before Previous Owner: TNG 9 LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Racine School District
  • School Tax School District: UNIFIED SCHOOL
  • School Tax District Code 2: CAL UTILITY SEW
  • School Tax District Code 3: CAL UTILITY WAT
  • Census Tract: 001504

Geography

  • District: 104
  • Parcel: 104 042321466207
  • Block: 2
  • Lot: 7
  • Meridian: SEC 21 TWN 04N RNG 23E
  • Municipality: VILLAGE OF CALEDONIA
  • Latitude: 42.7945
  • Longitude: -87.7917

    Address

  • Full Address: 5640 Richwood Ln
  • Address - House Number: 5640
  • Address - Street Name: Richwood
  • Address - Suffix Type: Ln
  • State: WI
  • City Name: Caledonia
  • Carrier Code: C082
  • 4-Digit Zip Code: 1958
  • Zip Code: 53402

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,393
  • Tax Rate Code Area: 104

    Appraisal Valuation

  • Standard Deviation: 0.1605
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 487,909
  • High Value: 566,223
  • Low Value: 409,594

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $250,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Apr 01, 2020
  • First Open Lien Mortgage Loan Amount: $250,000
  • 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: Apr 01, 2050

    Market Valuation

  • Market Total Value: $429,671
  • Market Land Value: $38,260
  • Market Improvement Value: $391,411

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $439,100
  • Assessed Land Value: $39,100
  • Assessed Improvements Value: $400,000

    Sales

  • Current Sale Contract Date: Mar 20, 2020
  • Current Sale Recording Date: Apr 01, 2020
  • Current Sale Transaction ID: 11758447296
  • Current Sale Price: $372,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2547507
  • Previous Sale Recording Date: Jun 25, 2019
  • Previous Sale Contract Date: Jun 21, 2019
  • Previous Sale Amount: $140,700
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Apr 01, 2020
  • First Mortgage Loan Amount: $250,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2050

About Caledonia



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Frequently Asked Questions

What neighborhood is 5640 Richwood Lane located in?
The 5640 Richwood Lane is a house located in the neighborhood of Caledonia in Caledonia, Racine.
What is the average sales price for listings in 5640 Richwood Lane?
The average sales price for units in 5640 Richwood Lane is $0 currently.

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