1983 E 8th Street
About This Property
A welcoming front porch, framed by serene Japanese maple, dogwood, Butterfly bushes and curated landscaping sets the tone for the tranquil lifestyle this home affords. Step inside to discover a thoughtfully designed floor plan featuring 2 spacious bedrooms plus a versatile office/3rd bedroom. The living room showcases an expansive picture window capturing stunning park views, complemented by a freestanding wood stove and warm, continuous laminate wood flooring throughout. The heart of the home is its gourmet butler's kitchen, complete with solid-surface countertops, a central island, dual ovens (gas and electric), gas range, custom storage including pots-and-pans drawers, a wet bar with wine refrigerator and premium appliances. A dedicated dining area provides the perfect space for both intimate dinners and entertaining. The primary suite is a private retreat offering a generous walk-in closet, dual vanities, and a spacious walk-in shower. Additional conveniences include a fully OWNED SOLAR system, a 50 AMP level 2 hardwire car charger, full laundry room equipped with washer/dryer and a comprehensive fire sprinkler system. A charming detached casita offers a private 1-bedroom, 1-bath space ideal for guests, extended family, or in-laws.
The backyard is an entertainer's dream offering, beautiful vibrant plants such as Bird of Paradise, Moon flower bushes, Bamboo plus a trellis, covered patio, fire pit, and inviting outdoor dining areas-perfect for gathering under the stars.
This exceptional property is more than a home; it is a lifestyle opportunity in one of Chico's most desirable settings.
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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 |
|---|---|---|---|
| Oct 20, 2025 | Sold | ||
| Sold | |||
| Sep 20, 2025 | In contract | - | |
| In contract | |||
| Sep 11, 2025 | In contract | - | |
| In contract | |||
| Sep 5, 2025 | Listed by Century 21 Select Real Estate, Inc. | $749,900 | |
| Listed by Century 21 Select Real Estate, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017