1690 Connell Lane
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 |
|---|---|---|---|
| Mar 11, 2026 | Sold | ||
| Sold | |||
| Feb 10, 2026 | In contract | - | |
| In contract | |||
| Jan 14, 2026 | Listed by eXp Realty of California, Inc. | $249,000 | |
| Listed by eXp Realty of California, Inc. | |||
| Aug 27, 2025 | Price Decreased |
$269,000
↓ $5K
(1.8%) | |
| Price Decreased | |||
| Jul 19, 2025 | Listed | $274,000 | |
| Listed | |||
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Wow! Talk about affordable living. This cozy home might be just what you’ve been looking for. It offers approximately 749 square feet with 1 bedroom and 1 bathroom, all situated on a spacious 0.61-acre lot. Located in central Paradise, you're close to shopping, services, and transportation. Built in 2007, this site-built home offers many great features including dual-pane vinyl windows, cement siding, tile flooring, oak cabinets, solid surface countertops, a mini-split system for heating and cooling, and gas wall heaters for backup heat during power outages. French doors open to a large concrete patio with privacy lattice. The tankless water heater adds modern efficiency. The home is handicap accessible, with a ramp to the entry, no interior steps, and a curb-less walk-in shower. Outside you'll find a cross-fenced yard, 2 detached storage sheds, a dog run or pen area, fruit trees, and plenty of space for all your outdoor needs. With access from both Connell Lane and Kibler Road, there’s also potential for adding a second home, garage, or workshop—check with the Town of Paradise for development options. This lot even once held a second home before the Camp Fire. There is a 2nd gas/electric meter on site too. With nearby recreation including lakes, hiking, biking, fishing, and more, this property offers a great lifestyle at a great value. Take a look today—you might just decide to call this one home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017