Racine County Property Transfers, Aug. 31 to Sept. 4 (Click for interactive map)
The Danish American Home at 5111 Wright Ave. in Racine sold last week for $2.4 million. The building provides assisted-living apartments for seniors. The building opened in 1993 with room for 50 residents. The building and property was not assessed by Racine County and paid no property taxes through 2008. The last listed sale price was $100,000, according to county records.
The second largest sale in Racine County last week involved two real estate companies. Savaglio & Cape real estate sold its building at 1557 S. Green Bay Road for $785,000. Shorewest, which recently acquired Savaglio & Cape, now has a sign on the building. The office is located on a half-acre of land and was assessed this year at $693,100.
We're told former Mayor Gary Becker and his wife Julie sold their home at 3020 Chatham St. The four-bedroom, 2,000-square-foot house was listed at $269,900 (and is still listed online). It was assessed at $231,000 last year.
Click here for a spreadsheet of this week's property transfers.