$375,000
●
House -
Off Market
22603 Rodeo Avenue
Gerber, CA 96035
3 Beds
3 Baths
1,942 Ft²
$568,890
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model
About This Property
HOBBY FARM JUST NORTH OF DOWNTOWN CORNING!!!!!! Main house has 3
bedrooms and 2 baths with just over 1300 square feet of lovingly
restored country charm. The roof was replaced in 2005.
Chef's dream kitchen with granite counters, newer stainless
steel appliances and copper farm sink. Beautiful low
maintenance laminate wood floors with heated tile in the bathroom.
Enjoy the rainy winter evenings by the propane stove. Pick
fruit from your own fruit trees! Chickens will stay warm and dry in
their own coop with run. Six stall mare motel for your horses, or
smaller three stall enclosed horse barn, or both! 46'x49' barn with
concrete floor to store your hay and mini tractor. Enclosed horse
stall/grooming pen, even a place for your guests or caretaker.
Two bedrooms and a full bath in the barn bunkhouse with 578
square feet of space! RV Hookup, fenced pasture, hay barn, chicken
coop, three stall horse barn, wellhouse. So much to list
here, you have to see it to believe it. Come live off the
land in the country and enjoy the peace and quiet, only 35 minutes
to Chico. Class 2 and 3 loam soils with El Camino irrigation water
rights. Please use Trust Advisory in supplemental docs, property in
a trust.
Unit Size
1,942 Ft²
Days on Market
188 days
Land Size
6.00 acres
Price per sqft
$199
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1933
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (CRMLS #SN18287994)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 2, 2022 | No longer available | - | |
| No longer available | |||
| Dec 11, 2021 | In contract | - | |
| In contract | |||
| Dec 2, 2021 | Price Decreased |
$599,000
↓ $65K
(9.8%) | |
| Price Decreased | |||
| Nov 20, 2021 | Price Decreased |
$664,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Nov 17, 2021 | Price Decreased |
$674,000
↓ $5K
(0.7%) | |
| Price Decreased | |||
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Property Highlights
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Baths
ft²
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Listed On
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HOA + Taxes
About Tehama
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Listed by: Julie Kincheloe, Keller Williams Realty Chico Area
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SN18287994
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SN18287994
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