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8264 South River Terrace Drive

8264 South River Terrace Drive, Franklin, WI 53132
Property in Franklin
Sold Sep 12, 2019
$680,000
Sold Jan 21, 2011
$595,000
$417,000 by Johnson Bank
Mortgage Due Jan 01, 2026
Local assessors in Franklin, WI have categorized 8264 South River Terrace Drive as a residential type of property. The home was built in 1996 and is 28 years old. The property's lot size has been calculated to be 29,185 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a colonial style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 9 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 4 partial bathrooms. 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 8264 South River Terrace Drive has a total of 4,102 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 1,576 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 772 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 8264 South River Terrace Drive was last sold in Aug 6, 2019 for $680,000. According to our calculations, that's $165.77 per sqft. Prior to that sales transaction, the property was sold for $595,000 in Jan 7, 2011. Current property owners are expected to pay $12,994 in taxes per year. The property on 8264 South River Terrace Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $802,200. To break that down further, the land itself was valued at $111,500. While improvements to the property were assessed at a total of $690,700. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 17
  • Building Style: Colonial
  • Exterior Walls Type: Masonry
  • Floor Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 1,576
  • Garage Type: Attached
  • Garage Square Area: 772
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 29,185
  • Lot Size Frontage Feet: 0
  • Total Building Area: 4,102
  • Gross Building Area: 4,102
  • Building Area: 4,102
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,102
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIVER TERRACE NORTH
  • Land Acres: 0.67
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RIVER TERRACE NORTH LOT 9

Ownership

  • Current Owner : RASIC ALEKSANDAR
  • Current Owner 2: RASIC MILICA
  • Previous Owner : WOOD THOMAS W
  • Previous Owner 2: WOOD RAE A
  • Owner Before Previous Owner: HOFFMANN ROBERT R
  • Owner Before Previous Owner 2: HOFFMANN LOIS A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Franklin Public School District
  • School Tax School District: 1900
  • School Tax District Code 2: 5020
  • Census Tract: 187200

Geography

  • Parcel: 805-0123-000
  • Lot: 9
  • Municipality: FRANKLIN
  • Latitude: 42.8944
  • Longitude: -87.9973

    Address

  • Full Address: 8264 S River Terrace Dr
  • Address - House Number: 8264
  • Street Direction: S
  • Address - Street Name: River Terrace
  • Address - Suffix Type: Dr
  • State: WI
  • City Name: Franklin
  • Carrier Code: R012
  • 4-Digit Zip Code: 8364
  • Zip Code: 53132

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,994
  • Tax Rate Code Area: 80

    Appraisal Valuation

  • Standard Deviation: 0.191
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 74
  • Final Value: 978,730
  • High Value: 1,165,713
  • Low Value: 791,747

    Market Valuation

  • Market Total Value: $825,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $802,200
  • Assessed Land Value: $111,500
  • Assessed Improvements Value: $690,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 06, 2019
  • Current Sale Recording Date: Sep 12, 2019
  • Current Sale Transaction ID: 11645091622
  • Current Sale Price: $680,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 10906239
  • Previous Sale Recording Date: Jan 21, 2011
  • Previous Sale Contract Date: Jan 07, 2011
  • Previous Sale Amount: $595,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: INLANTA MORTGAGE INC
  • First Mortgage Transaction Date: Sep 12, 2019
  • First Mortgage Loan Amount: $484,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: JOHNSON BANK
  • Previous Mortgage Transaction Date: Jan 21, 2011
  • Previous Mortgage Loan Amount: $417,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2026

About Franklin



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Frequently Asked Questions

What neighborhood is 8264 South River Terrace Drive located in?
The 8264 South River Terrace Drive is a located in the neighborhood of Franklin in Franklin, Franklin.
What is the average sales price for listings in 8264 South River Terrace Drive?
The average sales price for units in 8264 South River Terrace Drive is $0 currently.

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