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Paddock Lake 53168 North Park
6324 245th Avenue
$330,000
● House - Off Market

6324 245th Avenue

Salem, WI 53168
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,450 Ft²
$1,959
Est. Monthly
6.41%
Cap Rate

About This Property

This charming 3 bed 2 bath ranch home is waiting for you!  Built in 2018, beautiful open floor plan.  Enjoy a nice soak in your large jetted master tub or relax on the back deck in your fully fenced in yard.  Bring your kayaks and fishing poles, just 2 blocks away from the lake!  Golf cart friendly neighborhood with 3 neighborhood parks!  Close to shopping and I94.
Unit Size
1,450 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$220
Property Type
House
Property Taxes
$392
HOA Dues
-
Year Built
2018

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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.

Last updated: 3 years ago (MRED MLS #11997761)

Price History

Date / Event Date Event Price
Apr 17, 2024 Sold
Premium
Sold
Mar 7, 2024 Listed by Century 21 Integra $319,000
Listed by Century 21 Integra
Feb 4, 2019 Sold
Premium
Sold
Dec 19, 2017 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 2
  • Total Rooms: 2
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 8
  • 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: 2
  • Basement Area: 1,450
  • 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: 7,405
  • Lot Size Depth Feet: 1,030
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,450
  • Building Area: 1,450
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,450
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTH PARK
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: G1
  • Legal Description 1: 922-K S 20 FT LOT 4 & ALL LOT 5 BLK 16 NORTH PARK 3RD ADD SEC 2 T 1 R 20 V 1352 P 187 DOC 1088359 DOC#1387832 DOC#1456829 DOC

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: 40-4-120-022-3140
  • Block: 16
  • Lot: 4
  • Meridian: SEC 02 TWN 01N RNG 20E
  • Municipality: VILLAGE OF PADDOCK LAKE
  • Latitude: 42.5786
  • Longitude: -88.1064

    Address

  • Full Address: 6324 245th Ave
  • Address - House Number: 6324
  • Address - Street Name: 245th
  • Address - Suffix Type: Ave
  • State: WI
  • City Name: Salem
  • Carrier Code: R001
  • 4-Digit Zip Code: 9783
  • Zip Code: 53168

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $409,540

    Appraisal Valuation

  • Standard Deviation: 0.1001
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 90
  • Final Value: 319,113
  • High Value: 351,057
  • Low Value: 287,169

    Market Valuation

  • Market Total Value: $309,783
  • Market Land Value: $28,581
  • Market Improvement Value: $281,202

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $336,000
  • Assessed Land Value: $31,000
  • Assessed Improvements Value: $305,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 28, 2019
  • Current Sale Recording Date: Feb 04, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1835824
  • Previous Sale Recording Date: Dec 19, 2017
  • Previous Sale Contract Date: Dec 14, 2017
  • Previous Sale Amount: $31,000
  • Previous Sale Document Type: 55

    Financing

  • First Mortgage Financing Type: FIX
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.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Terry Hanrahan, Century 21 Integra
Last Updated: 3 years ago
Data Source: MRED, MLS# 11997761
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 6324 245th Avenue built and last sold?
The property at 6324 245th Avenue was built in 2018 and last sold on Jan 28, 2019 for $219,000.
How much is this home worth?
The estimated value of the home located at 6324 245th Avenue is $322,190.
What are some comparable homes to 6324 245th Avenue?
There are currently no comparable homes to 6324 245th Avenue.
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