With infrastructure costs making most development properties on the market cost prohibitive, this property is priced with that in mind. 70 platted lots and road right of ways are in place with the Village of Paddock Lake and the current taxes are very low per the agricultural use assessment. The seller currently farms this property and would offer a crop lease of $220 per tillable acre for 2025 and until no longer necessary. Prior to closing, Seller will have a utility and R.O.W. easement created to allow access to sewer and gas through the 21 acre parcel to the east and access from 248th St.
Property Details
Property Features
Listing Office:
Office Name: Keller Williams Realty-Milwaukee Southwest
Office Phone: (262) 599-8980
Listing Agent: Outdoor Dreams Team*
Lot Features
Lot Information:
Lot Size: 27.27 Acres
Other
Directions Information:
Directions: Access from the east side of State HWY 75 about 1/3 of a mile south of 60th St. and about 2/3 of a mile north of HWY 50
Municipality:
Paddock Lake
Price Information
Listing Price Info
Price Summary:
List Price: $497,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Salem, WI.
Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. Information is supplied by seller and other third parties and has not been verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor this broker nor MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 3:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,548
Per Month
Principal & Interest
$2,481
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,557
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
W C Petty Elementary School
850 Highview Dr
Distance between this listing and this school3.20 miles
Public District Grades KG-5
6
/10
Hillcrest Elementary School
433 E Depot St
Distance between this listing and this school4.08 miles
Public District Grades KG-5
6
/10
Oakland Elementary School
818 E Grass Lake Rd
Distance between this listing and this school6.44 miles
Public District Grades KG-5
Nearby Schools
6
/10
Trevor-Wilmot Grade
26325 Wilmot Rd
Distance between this listing and this school1.26 miles
Public District Grades PK-8
6
/10
Salem Elementary School
8828 Antioch Rd
Distance between this listing and this school1.55 miles
Public District Grades PK-8
8
/10
Riverview Elementary School
300 E Prosser St
Distance between this listing and this school3.12 miles
Public District Grades PK-8
Nearby Schools
6
/10
Central High School
24617 75th St
Distance between this listing and this school2.86 miles
Public District Grades 9-12
5
/10
Wilmot High School
11112 308th Ave
Distance between this listing and this school3.35 miles
Public District Grades 9-12
8
/10
Antioch Community High School
1133 Main St
Distance between this listing and this school3.99 miles
The neighbors living near this home have an average income of $52,229. Residents of Salem, WI typically earn between $35k-100k each year. Residents typically live in married, no kids family. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About LT0 256th Ave
What is the listing price of this property?
The listing price of LT0 256th Ave property is $497,000.
What type of property is this?
The property LT0 256th Ave is land located in Salem, Wisconsin, 53168.
Is this property for sale now?
Active Listing: LT0 256th Ave is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at LT0 256th Ave in Salem, WI and zip code 53168 in the Camp Lake neighborhood. This home sits on a 27.27 acre lot. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $497,000.
In October 2024, from all listings sold in Salem, WI there were more than 7 sold above asking price, over 13 sold below and more than 5 were sold right at the asked price. The number of listings in Salem, WI increased by 11% between September 2024 and October 2024. In October 2024, listings were on the market for 25 days. During the same period, the median list price in this real estate market was $335,000.
From Rocket Homes Real Estate and based on county public records data.