$42,500
●
Land -
Off Market
231 Pinewood Drive
Paradise, CA 95969
Studio
0 Bath
$244
Est. Monthly
About This Property
Fantastic West Side of Paradise Location! This 1.14 acre corner lot
is located in one of Paradise's premier neighborhoods with many
custom homes. The seller has kept the water Active. the property
has a 4 bedroom rated septic system done in 2001 and one new line
added in 2007. The 2001 Home that was lost in the Camp Fire had 4
bedrooms and 2,774 square feet. This lot also has some nice mature
trees and has a private feel for a neighborhood. If you are looking
for a nice quiet lifestyle this could be it! Wonderful opportunity
to build a custom home in a great neighborhood.
Unit Size
-
Days on Market
89 days
Land Size
1.14 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2001
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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: 3 months ago (CRMLS #SN26096591)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 4, 2026 | Sold | ||
| Sold | |||
| Jul 11, 2026 | In contract | - | |
| In contract | |||
| May 7, 2026 | Listed by Re/Max Home and Investment | $49,500 | |
| Listed by Re/Max Home and Investment | |||
| Mar 8, 2025 | Listed | $69,500 | |
| Listed | |||
| | |||
|
Fantastic West Side of Paradise Location! This 1.14 acre corner lot is located in an upscale neighborhood with many custom homes. The seller has kept the water Active. The 2001 Home that was lost in the Camp Fire had 4 bedrooms and 2,774 square feet. This lot also has some nice mature trees and has a private feel for a neighborhood. Wonderful opportunity to build a custom home in a great neighborhood.
| |||
| Dec 17, 2018 | No longer available | - | |
| No longer available | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Paradise
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Listed by: Brian Voigt, Re/Max Home and Investment
Last Updated: 3 months ago
Data Source: CRMLS, MLS# SN26096591
Last Updated: 3 months ago
Data Source: CRMLS, MLS# SN26096591
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