5025 Russell Drive
About This Property
The View: One of the most striking features of this property is its unobstructed panoramic view of Honey Run Canyon. Whether you're sipping your morning coffee, hosting an evening gathering, or simply relaxing on a future deck, these views will never cease to amaze. The photos capture just a glimpse of the natural beauty this location has to offer, with vast open skies, rolling canyon landscapes, and the peaceful ambiance that comes with living in such a tranquil environment.
Land Potential: The lot has a conventional septic system and hookups for PID water, but otherwise is a blank canvas, primed for your architectural vision. With its generous size, you have the freedom to design a home that perfectly suits your lifestyle-whether that's a sprawling single-story estate or a multi-level home that maximizes the stunning views. The land's gentle slope ensures that your home will have an elevated perspective over the canyon, enhancing the visual impact of the surrounding landscape.
While you'll feel miles away from the hustle and bustle, the property is just a short drive from downtown Paradise, offering easy access to shopping, dining, and essential services. Outdoor enthusiasts will revel in the proximity to numerous trails and parks, perfect for hiking, biking, and exploring the great outdoors.
This property is more than just a piece of land-it's an opportunity to create a lifestyle. A home here will offer not just a place to live, but a daily connection to the natural beauty that makes Paradise, CA, such a cherished location. Don't miss out on the chance to turn your dream home into a reality, in a setting that is truly one of a kind.
Schedule a visit today and take the first step toward owning this exceptional piece of Paradise. The views are waiting for you, and so is the opportunity to craft a home that is as unique and inspiring as its surroundings.
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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 |
|---|---|---|---|
| Sep 18, 2024 | Sold | ||
| Sold | |||
| Sep 1, 2024 | In contract | - | |
| In contract | |||
| Aug 30, 2024 | Listed by Upside Real Estate | $80,000 | |
| Listed by Upside Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017