14115 Norwich
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 10, 2026 | Sold | ||
| Sold | |||
| Mar 17, 2026 | In contract | - | |
| In contract | |||
| Jan 31, 2026 | Listed by Keller Williams Realty Chico Area | $349,000 | |
| Listed by Keller Williams Realty Chico Area | |||
| Jul 8, 2025 | Price Decreased |
$379,000
↓ $11K
(2.8%) | |
| Price Decreased | |||
| Apr 8, 2025 | Listed | $389,900 | |
| Listed | |||
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Welcome to this serene home nestled in a picturesque forest community. Located in a neighborhood of homes, it's conveniently close to Skyway for an easy drive down the hill to Paradise or Chico. This property boasts a 5.5kWh owned solar array, covering the current owner's full electric usage. Magalia is a haven for outdoor enthusiasts, offering nearby hunting, hiking, fishing, off-roading, and abundant recreational opportunities. The local community association also hosts delightful summer concerts. Built as a forever home, no detail was overlooked in the thoughtful design and rebuilding of this property, with nearly $100k invested in exterior developments alone. You'll fall in love with the beautifully landscaped yard, featuring seasonal blooms and charming rock walls. Inside, you'll find vaulted ceilings and custom wood cabinets with pull-out drawers and under-cabinet lighting. The split bedroom plan places the primary suite in the rear corner, complete with an upgraded walk-in shower and a large double-sink vanity. At the other end, the spare bedroom, hall bath, and office are located at the rear of the home, with the office set up as a hobby room, ready for ham radio or other hobbies requiring a 220V power connection. Additional features include an oversized garage, a whole-house Generac propane generator, a split HVAC system with an air purifier, and insulated interior walls. This home is an absolute joy to show. Make this charming place your own. Don't miss the chance to see this unique property – it's a gem in the forest waiting for you to call it home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017