June 16, 2009

Foreclosure notices and property transfers

The JT is doing strong business these days in foreclosure notices. Our daily paper had no fewer than 57 foreclosure notices in today's paper. The number jumped over 60 if you included notices for sheriff's sales.

This week's property transfers were equally bleak. At least five, likely more, homes sold in the county between June 1 and June 5 were bought through foreclosure.

Also, no commercial properties sold in the first week of June. The highest priced sale was a Waterford home on Pleasant Road that sold for $437,000.

The highest priced Racine home sold the first week in June was on Canada Goose Crossing for $326,100. It was assessed in 2007 for $396,400.


  1. It's Canada Goose Crossing

  2. In case it matters, the house on Canada Goose Crossing was actually an exception to the housing market as of late. It was for sale for less than two weeks, and the difference in selling price vs. assessed value is related to necessary work that will be made in the near future.

  3. Dollars, Taxes6/17/2009 10:11 AM

    6507 Open Meadow Road in beautiful River Meadows sold for $285,900. It was assessed at $467,580. I bet the Caledonia tax assessor is rushing out to the subdivision to lower his assessments by $100,000 across the board.......NOT!

  4. The house on Open Meadow Rd. was basically "trashed" on the inside and needs substantial repairs and improvements both inside and out. There were some loud drunken parties held there. First owners got divorced. Place went downhill. New owner has lots of work ahead of him. He'll be spending quite a bit to get the place fixed up.