November 18, 2007

Property Transfers:
Two Racine County buildings sell for over $2.2 million

Two big sales jump out of last week's property transfers (click here to download an Excel spreadsheet of the Racine County transfers). A property at 2300 South Street in Racine sold for $2.2 million and a property at 4221 Courtney Road in the Town of Raymond sold for $2.438 million. Here's what we found on each:

2300 South St., $2.2 million

This is the home of Domanik Sales, the local beer distributor recently sold to CJW Distributors out of Kenosha. The building is located near Batten International Airport and was assessed at $2.06 million in 2006 with paid property taxes of $49,681.98.

4221 Courtney Road, $2.438 million

This is the home of Speciality Tapes, a division of RSW, Inc. We couldn't find any news on the company, so it's unclear why the building sold. The 6 acre property was assessed at $1,690,800 in 2006 with paid property taxes of $28,013.99. The building, located just west of I-94 south of 3 Mile Road, was owned by Richard S. Werner.

According to its website, Specialty Tapes is a worldwide manufacturer and converter of high performance pressure sensitive tape products.

Other notable properties:

1937 Case Ave. - Sold for $5,000. It's a vacant lot located near the former Case plant. It was previously owned by David Beierle, of Waterford.

1221 15th Ave., Union Grove - Sold for $400,000. Property was owned by Sisters Car Wash, based in Franklin.

355 Maurice Drive, Union Grove - This was the most expensive home in Racine County reported sold last week. It sold for $290,000 with an assessed value of $266,000 this year.

Click here for a complete list of Property Transfers from Nov. 8-14
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