5520 Longview Drive
About This Property
If you are looking for your private estate property, then come and see what this 1.34 acres parcel has to offer. Located just a few minutes drive from Chico, offering a stunning view of the canyon with a perfect spot for you to build a house you always dreamed of. Prior to the 2018 CampFire, here was once a beautiful residence, boasted a 2500 sqft, 3 bedrooms, 3 baths with natural gas and PID water service. The septic and leach lines conditions are unknown to the seller, buyers to do all their investigations to their own satisfactions.
The adjacent .49 acre property is also for sale at $ 36,750.00 and if a buyer purchases these parcels together, the seller may consider a discount on the total price.
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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 |
|---|---|---|---|
| Aug 23, 2024 | Sold | ||
| Sold | |||
| Aug 12, 2024 | In contract | - | |
| In contract | |||
| Apr 22, 2024 | Listed by Century 21 Select Real Estate, Inc. | $51,750 | |
| Listed by Century 21 Select Real Estate, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017