1318 Pearson Road
About This Property
Excellent opportunity to own a 0.41-acre lot on Pearson Road in Paradise with ACTIVE PID WATER, a 1,000-gallon septic system, and dead-tree removal already completed.
WHY BUY A LOT AND THEN SPEND THOUSANDS MORE?
Having active water, an existing septic system, and the dead trees already removed could potentially benefit the next owner compared with purchasing a lot requiring these improvements.
ACTIVE PID WATER - WATER IS ON
The property has an active Paradise Irrigation District water connection with a backflow device already installed. Water is currently ON and operational, potentially saving the next owner substantial water reactivation costs.
1,000-GALLON SEPTIC SYSTEM IN PLACE
The septic system was evaluated by the Town of Paradise in January 2023 under Permit #OS23-00222 and was reported to be in good working order at that time. Current condition is unknown. Buyer to independently verify septic condition and suitability.
DEAD TREES ALREADY REMOVED.
Dead trees have already been removed from the property, potentially saving the next owner thousands of dollars in tree removal and property cleanup costs.
This 0.41-acre flag lot is set back from the main road, providing additional privacy while remaining conveniently located near shopping, services, and transportation.
PROPERTY DETAILS
Lot Size: 0.41 acres
ACTIVE PID WATER - WATER IS ON
Backflow device installed
1,000-gallon septic system in place
Dead trees already removed
Flag lot with access via easement
Zoning: 0–1 Unit/Acre
Paved city street
Trees and surrounding neighborhood
PRICED TO SELL. The water is on, the septic is in place, and the costly dead-tree removal has already been done .
Come take a look and compare the value.
Potential opportunity for a primary residence, second home, or investment property, subject to applicable Town of Paradise requirements and approvals.
Property is being sold AS-IS. Buyer to independently verify property condition, septic condition and suitability, utilities, zoning, building requirements, easements, and permitted uses.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 2, 2026 | Sold | ||
| Sold | |||
| Oct 20, 2026 | In contract | - | |
| In contract | |||
| Oct 6, 2026 | Price Decreased |
$16,900
↓ $2K
(8.7%) | |
| Price Decreased | |||
| Sep 20, 2026 | Price Decreased |
$18,500
↓ $2K
(7.5%) | |
| Price Decreased | |||
| Jun 3, 2026 | Price Decreased |
$19,999
↓ $2K
(8.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017