217 Craft
About This Property
Two homes on 5.19 acres in lower Paradise on a private road with sunset views, gorgeous
treed setting and meandering creeks and waterfalls. Located minutes off the Skyway with
newer homes in the area. The main home is 1800 sf., 3bdrm - 2.5bath two story Spanish-style
with classic tile, custom built in 1979. Large country kitchen with tile countertops and a
center island and built in hutch. The living room fireplace has a gas insert with amazing views out every
window that capture the natural light and peaceful setting.
The upstairs bedrooms each have a 'Juliet balcony' to add to the charm. Upgrades include new windows in 2017, carpets and attic insulation in 2019 and new HVAC unit in 2022. Trex decks adorn front and rear of the home with a clay tile roof. The home is made of almost all fire-resistant materials. The fully outfitted ~800 sf guest cabin, built in 2000, has a lifetime metal roof, ten-foot walls, cathedral pine ceilings, a gas fireplace, and a large wrap-around redwood deck. The guest cabin includes multiple well-designed closets and crawl space storage.
A new HVAC unit was installed in 2022. Both homes received a high-quality exterior paint job
in 2019. The property boasts a gentle slope and walking trails throughout to enjoy the peaceful
setting and wildlife - deer, turkeys, squirrels, rabbits, quail and many more critters. There are endless possibilities with the property for the new owners. In todays rental market the guest home would rent for $1500 a month and has its own electric service. Paradise irrigation district water
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 26, 2026 | Sold | ||
| Sold | |||
| Apr 3, 2026 | In contract | - | |
| In contract | |||
| Mar 21, 2026 | Price Decreased |
$594,500
↓ $15K
(2.4%) | |
| Price Decreased | |||
| Mar 7, 2026 | Price Decreased |
$609,000
↓ $20K
(3.2%) | |
| Price Decreased | |||
| Feb 13, 2026 | Listed by Gilbertson Real Estate | $629,000 | |
| Listed by Gilbertson Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017