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Paddock Lake 53168 Paddock Lake Dells
6241 237th Avenue
$425,000
● House - Off Market

6241 237th Avenue

Salem, WI 53168
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,272 Ft²
$2,441
Est. Monthly

About This Property

Far from your average bi-level! This 4 bedroom home in Paddock Lake offers more square footage and flexibility than expected, just blocks from Paddock Lake. Meticulously maintained with major updates already handled, including a brand new 2026 furnace and water heater, plus newer A/C, windows, and washer and dryer. The main level features a large open kitchen connected to the living and dining areas, along with an oversized primary bedroom and full bath. The finished lower level includes three additional bedrooms with full sized windows, the largest currently used as a family room/den with a substantial closet or flex area. The layout supports a range of living needs without compromise. Exterior features include a 1.5 car garage, wide driveway for added parking, and a patio with a gazebo.
Unit Size
2,272 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$180
Property Type
House
Property Taxes
$428
HOA Dues
-
Year Built
1972

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 3
  • Total Rooms: 4
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,136
  • Garage Type: 7
  • Garage Square Area: 384
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 20

    Dimensions

  • Lot Size Square Feet: 16,117
  • Lot Size Depth Feet: 1,420
  • Lot Size Frontage Feet: 1,130
  • Total Building Area: 1,698
  • Building Area: 1,698
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,698
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PADDOCK LK
  • Land Acres: 0000000370
  • Standard Land Use Code: 1001
  • County Land Use Code: G1
  • Legal Description 1: 1292-K LOT 23 BLK 6 PADDOCK LAKE DELLS SUB SEC 2 T 1 R 20 DOC#1858019 DOC#1858020

Neighborhood

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

Geography

  • District: 171
  • Parcel: 40-4-120-021-1605
  • Block: 6
  • Lot: 23
  • Meridian: SEC 02 TWN 01N RNG 20E
  • Municipality: VILLAGE OF PADDOCK LAKE
  • Latitude: 42.5794
  • Longitude: -88.0963

    Address

  • Full Address: 6241 237th Ave
  • Address - House Number: 6241
  • Address - Street Name: 237th
  • Address - Suffix Type: Ave
  • State: WI
  • City Name: Salem
  • Carrier Code: R001
  • 4-Digit Zip Code: 9631
  • Zip Code: 53168

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $359,132

    Appraisal Valuation

  • Standard Deviation: 0.2094
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 71
  • Final Value: 324,889
  • High Value: 392,937
  • Low Value: 256,842

    Market Valuation

  • Market Total Value: $274,747
  • Market Land Value: $52,552
  • Market Improvement Value: $222,195

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $298,000
  • Assessed Land Value: $57,000
  • Assessed Improvements Value: $241,000

    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 Paddock Lake Dells

Stats & Trends

Median Asking:

$409,900

Sale Price/ft²

$180

Above Asking

0.00%

Average Days on Market

40

Average Home Size

2272 ft²

Average Home Age

54 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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Currently no similar homes around

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MRED

Listed by: Jim Starwalt, Better Homes and Garden Real Estate Star Homes
Data Source: MRED, MLS# MRD12608089
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 6241 237th Avenue built and last sold?
The property at 6241 237th Avenue was built in 1972 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 6241 237th Avenue is $413,999.
What are some comparable homes to 6241 237th Avenue?
There are currently no comparable homes to 6241 237th Avenue.
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