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Paddock Lake 53168 North Park
6053 248th Avenue
$184,400
● House - Off Market

6053 248th Avenue

Salem, WI 53168
bedrooms
2 Beds
bathrooms
1 Bath
square feet
731 Ft²
$1,169
Est. Monthly

About This Property

Great 2 Bed/1 Bath Home With 2 Additional Lots Being Offered In Salem/Paddock Lake Area~This Home Sits On A Corner Lot And Boasts Plenty Of Outdoor Green Space With Numerous Possibilities~Kitchen With Granite Countertops And SS Appliances~Recent Updates Include A New Front Entry Door, New Roof And New Gutters~Primary Bedroom Has A Small Walk-In Closet~Partial Unfinished Basement With Exterior Access And A Good Size Storage Shed In Backyard~Perfect Starter Home Or Investment Property In A Great Location.
Unit Size
731 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$260
Property Type
House
Property Taxes
$236
HOA Dues
-
Year Built
1953

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 3
  • Total Rooms: 2
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 396
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 20

    Dimensions

  • Lot Size Square Feet: 5,227
  • Lot Size Depth Feet: 1,030
  • Lot Size Frontage Feet: 500
  • Total Building Area: 731
  • Building Area: 731
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 731
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: G1
  • Legal Description 1: 706K LOT 13 B 5 NO PARK 3RD ADD SEC 2 T 1 R 20 V1509 P641 V1518 P687 DOC#1896660

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM CONSOL 2
  • School Tax District Code 2: GATEWAY TECH
  • School Tax District Code 3: CENTRAL/WESTOSH
  • Census Tract: 002905

Geography

  • District: 171
  • Parcel: 40-4-120-022-2155
  • Block: 5
  • Lot: 13
  • Meridian: SEC 02 TWN 01N RNG 20E
  • Municipality: VILLAGE OF PADDOCK LAKE
  • Latitude: 42.5813
  • Longitude: -88.109

    Address

  • Full Address: 6053 248th Ave
  • Address - House Number: 6053
  • Address - Street Name: 248th
  • Address - Suffix Type: Ave
  • State: WI
  • City Name: Salem
  • Carrier Code: R001
  • 4-Digit Zip Code: 9773
  • Zip Code: 53168

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $150,206

    Appraisal Valuation

  • Standard Deviation: 0.2328
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 67
  • Final Value: 170,969
  • High Value: 210,772
  • Low Value: 131,167

    Market Valuation

  • Market Total Value: $129,537
  • Market Land Value: $23,049
  • Market Improvement Value: $106,488

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $140,500
  • Assessed Land Value: $25,000
  • Assessed Improvements Value: $115,500

    Exemptions

  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About North Park

Stats & Trends

Median Asking:

$374,900

Sale Price/ft²

$258

Above Asking

0.00%

Average Days on Market

54

Average Home Size

1831 ft²

Average Home Age

43.6 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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MRED

Listed by: Scott Eberle, HomeSmart Connect LLC
Data Source: MRED, MLS# MRD12519104
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 6053 248th Avenue built and last sold?
The property at 6053 248th Avenue was built in 1953 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 6053 248th Avenue is $191,799.
What are some comparable homes to 6053 248th Avenue?
There are currently no comparable homes to 6053 248th Avenue.
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