2207 Honey Run Road
About This Property
Adding to the allure is the presence of a beautiful creek nearby, meandering along or bordering the property. Enjoy the soothing sounds of flowing water and the potential for peaceful Creekside enjoyment.
This prime parcel offers the significant advantage of existing infrastructure, including a septic system, a well, and irrigation, potentially saving you considerable time and expense in the development process.
***Fence on property and property boundary lines on images are NOT representative of actual property lines, Buyer to investigate***
Nature enthusiasts will appreciate the property's close proximity to the historic Honey Run Covered Bridge, a beloved local landmark. This area also offers a fantastic swimming hole and charming picnic grounds, perfect for outdoor recreation and family gatherings.
Surrounded by established homes, many of which are beautiful and substantial residences, this property offers a sense of community and the assurance of a desirable neighborhood. Despite its tranquil canyon setting, this location provides the convenience of being just minutes away from the vibrant city of Chico, with its diverse amenities, shopping, dining, and cultural attractions.
Don't miss this rare chance to own a piece of paradise in Butte Creek Canyon, offering spectacular views, valuable infrastructure, and an enviable location close to both natural beauty and urban convenience.
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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 |
|---|---|---|---|
| Aug 22, 2025 | Sold | ||
| Sold | |||
| Aug 2, 2025 | In contract | - | |
| In contract | |||
| Apr 8, 2025 | Listed by Real Broker Technologies | $170,000 | |
| Listed by Real Broker Technologies | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017