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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!

  • Bedrooms
    5
  • Bathrooms
    1 full · 1 half
  • Year Built
    1875
  • Architectural Style
    Contemporary
  • Construction Materials
    Vinyl Siding
  • Living Area
    1716.0
  • Cooling
    Central Air
  • Heating
    Natural Gas
  • Basement
    Full, Unfinished

  • Water
    Public

  • Area
    Ashton
  • County
    Lee
  • City
    Ashton
  • Zip Code
    61006

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Frequently Asked Questions

How do I schedule a tour of 506 Paddock Ave?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 506 Paddock Ave.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 506 Paddock Ave?

Click Ask a Question to talk with our team. You already know it is a 5 bed, 1 bath, listed for $40,000. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Ashton, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 506 Paddock Ave?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 506 Paddock Ave at around $316. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 506 Paddock Ave?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Lee County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 506 Paddock Ave?

In most cases, yes. Whether 506 Paddock Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Ashton's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 506 Paddock Ave?

We can handle that for you. Our preferred local agent specializes in residentials in Ashton and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $40,000 with 1,716 sqft of space—that comes out to approximately $23 per square foot.

How long has this property been on the market?

506 Paddock Ave was listed on July 24, 2026, which means it's been on the market for 109 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1875, making it approximately 151 years old.

What are the property taxes for 506 Paddock Ave?

The most recent public record shows annual property taxes for 506 Paddock Ave were approximately $1,061. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 506 Paddock Ave still available for sale?

This home is pending sale, which means the seller has accepted an offer. You can favorite it to track status or ask our expert to help you find similar homes in this area. We'll also let you know if this property comes back on the market.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.

Last Updated: November 10, 2026 at 01:04PM | Source: Midwest Real Estate Data (MRED) | MLS#: 12715231