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506 Paddock Ave, Ashton, IL, 61006

5beds
2baths
1,716sqft
$40,000
$23price/sqft
$424/moest. monthly cost
$16,960/yrincome needed

About This Home

This property has UNBEATABLE VALUE!! Opportunities like this do NOT come around often. You won't find a MASSIVE home for this price! This "SPACIOUS" home offers an incredible chance to own one of the most affordable homes of its size in the area. Imagine designing your own 5-bedroom, 2-bath home exactly the way you want it all while buying at a price that's difficult to find in today's market if it were another property Even after completing updates, you're unlikely to find another 5-bedroom property this affordable. This property is packed with potential. Whether you're searching for a large family home, extra room for guests, a home office, or an investment property, this home delivers the space you've been looking for. Before you "assume" that you'll be wasting more than saving more after renovations, get the facts first and ask your realtor or me about the 203K which can combine the purchase price and eligible renovation costs into one loan giving buyers the bargain of a lifetime to customize their home for a lesser price. Don't wait. Homes with this much space with this many bedrooms at this price are hard to find and even harder to replace! Schedule your showing today before this opportunity is gone!

Getting Around

37
WalkingCar-Dependent
0
TransitVery Limited Transit
37
BikeSomewhat Bikeable

Construction

Condition

  • Year built: 1875

Materials

  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished,Full

Bedroom2

  • Level: Main
  • Area: 168
  • Dimensions: 12X14

Bedroom3

  • Level: Second
  • Area: 120
  • Dimensions: 10X12

Bedroom4

  • Level: Second
  • Area: 120
  • Dimensions: 10X12

Bedroom5

  • Level: Second
  • Area: 120
  • Dimensions: 10X12

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Dining Room

  • Level: Main
  • Area: 120
  • Dimensions: 10X12

Family Room

  • Level: Main
  • Area: 224
  • Dimensions: 14X16

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 0
  • Total interior livable area: 1,716 sqft

Kitchen

  • Level: Main
  • Area: 156
  • Dimensions: 12X13

Laundry

  • Level: Main
  • Area: 84
  • Dimensions: 7X12

Living Room

  • Level: Main
  • Area: 238
  • Dimensions: 14X17

Master Bedroom

  • Level: Main
  • Area: 168
  • Dimensions: 12X14

Property

Accessibility

  • Accessibility features: No Disability Access

Details

  • Parcel number: 03042730700400
  • Special condition: None

Features

  • Stories: 2

Lot

  • Lot size: 0.28 Acres
  • Lot size dimensions: 66 X 185

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Drought
    DroughtModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Tornado
Drought
Hail
Inland Flooding
Winter Weather

FEMA Declared Disasters Across Illinois Counties

Flood
Other
Severe Storm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $202$2,424
Home Insurance *$32$384
Property Taxes $59$708
Electricity $131$1,583
Total$424$5,088
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$14,537/yr
40% on housing$12,720/yr
45% on housing$11,306/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.4%
12.4%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.8%
-0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$23This listing

vs Other Active Listings

Avg $/sqft

ZIP 61006$129
Lee County$132

vs Homes Sold Last Month

Median $/sqft

ZIP 61006$141
Lee County$135

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

No price history available

For Sale by Agent

AgentFrancisco Martinez
BrokerageHome First Realty Inc

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