$25,000
●
Land -
For Sale
14155 Racine Circle
Magalia, CA 95954
Studio
0 Bath
$149
Est. Monthly
$26
HOA / Fees
About This Property
Build Your Dream Home in Paradise Pines!
This beautiful lot offers nearly half an acre of opportunity in an established and desirable neighborhood. Sloped but very manageable, it's ideal for a spacious custom home while still allowing for a great backyard retreat. The property features a natural spring and direct access to the scenic Ponderosa Trail-perfect for nature lovers and outdoor enthusiasts. Located within the Paradise Pines Property Owners Association, you'll enjoy a host of amenities including a clubhouse, swimming pool, hot tub, tennis and pickleball courts, basketball court, and horseshoe pits. While the condition of the septic system is unknown, the existing septic tank and leach lines are still intact. All that's missing is your vision-come make this property your own!
This beautiful lot offers nearly half an acre of opportunity in an established and desirable neighborhood. Sloped but very manageable, it's ideal for a spacious custom home while still allowing for a great backyard retreat. The property features a natural spring and direct access to the scenic Ponderosa Trail-perfect for nature lovers and outdoor enthusiasts. Located within the Paradise Pines Property Owners Association, you'll enjoy a host of amenities including a clubhouse, swimming pool, hot tub, tennis and pickleball courts, basketball court, and horseshoe pits. While the condition of the septic system is unknown, the existing septic tank and leach lines are still intact. All that's missing is your vision-come make this property your own!
Unit Size
-
Days on Market
483 days
Land Size
0.41 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$26
Year Built
1989
Listed By
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100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (CRMLS #SN25144908)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 26, 2025 | Listed by LPT Realty | $25,000 | |
| Listed by LPT Realty | |||
Property Highlights
With View
Exterior Details
Lot Features: Back Yard, Close to Clubhouse, Cul-De-Sac, Sloped Down, Rectangular Lot, NearPark, Trees
Lot Size Area: 17860
Lot Size Units: Square Feet
Lot Size Acres: 0.41
Lot Size Square Feet: 17860
Tax Lot: 116
Water Source: Public
Utilities Details
Sewer : Septic Tank
Location Details
HOA Fee: $310
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Magalia
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Listed by: Susan Taylor, LPT Realty
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SN25144908
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SN25144908
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