1481 Hammon
About This Property
Inside, you'll find refinished hardwood floors, tall windows that flood the home with natural light, built-in bookcases, fireplaces, a beautifully remodeled kitchen, formal dining room, and an indoor bar perfect for hosting family and friends. The spacious family room opens directly to the backyard, creating seamless indoor-outdoor living. Step outside and you'll discover what makes this property truly special-a backyard built for making memories. The large swimming pool, outdoor kitchen, mature landscaping, patio areas, and dedicated pool bath create the ultimate setting for summer gatherings, birthday parties, and weekend BBQs. The flexible floor plan offers 3 bedrooms, 3 bathrooms, a private office that could easily serve as a 4th bedroom, and a bonus basement room ideal for guests, a hobby room, workout space, wine collection, or extra storage. The attached garage also includes additional loft storage. Recent improvements include a newer roof, updated siding, exterior lighting, remodeled bathrooms, refinished hardwood floors, and a remodeled kitchen with updated cabinets, countertops, appliances, flooring, and lighting. Located just minutes from downtown Oroville, Oroville Hospital, schools, shopping, the Brad Freeman Trail, Lake Oroville, and countless outdoor recreation opportunities, this home offers both convenience and lifestyle.
Homes with this much charm, history, character, and entertaining space rarely come available. Come see for yourself why everyone will want an invitation to your next pool party.
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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 |
|---|---|---|---|
| Nov 3, 2026 | Price Decreased |
$469,900
↓ $10K
(2.1%) | |
| Price Decreased | |||
| Oct 11, 2026 | Price Decreased |
$479,900
↓ $10K
(2%) | |
| Price Decreased | |||
| Sep 9, 2026 | Price Decreased |
$489,900
↓ $10K
(2%) | |
| Price Decreased | |||
| Jun 30, 2026 | Price Decreased |
$499,900
↓ $19K
(3.7%) | |
| Price Decreased | |||
| Jun 12, 2026 | Listed by LPT Realty, Inc. | $519,000 | |
| Listed by LPT Realty, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017