7379 Cutting Avenue
About This Property
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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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Mar 30, 2021 | In contract | - | |
| In contract | |||
| Mar 19, 2021 | Listed | $769,000 | |
| Listed | |||
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This is your dream farmhouse! This was originally a 1950s farmhouse that has been COMPLETELY renovated over the past two years. The sellers took the home down to the studs, raised it up, added on to it and remodeled it from the foundation to the roof. It’s like a brand new home with some of the original charm and bones! The new floorplan is just under 1700sf with 3 bedrooms and 3 full bathrooms. The family room, dining room and kitchen all share an open floor plan. The white kitchen has a huge island, classic farmhouse sink and a walk-in pantry. You’ll never mind washing the dishes again with the sunset views out the kitchen window. There’s three separate covered porches around the home to sit down and enjoy farm life. The attached oversized garage is 27’x35’ and has a pull-down ladder with tons of attic storage. The property sits on 12.62 acres and has an income producing almond orchard (Butte/Padre varieties). The sellers have been making their own almond milk, olive oil, salsa and jams all from fruits and vegetables grown on the farm. There’s an old barn for your livestock or tractor and the chicken coop matches the farmhouse! This home is just down the street from the highly coveted Capay Elementary School, 20 miles West of Chico and about 9 miles East of I-5 and downtown Orland. There’s nothing else like this on the market, schedule your showing today! The manager has listed the unit size as 1693 square feet.
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| Sep 7, 2017 | Sold | ||
| Sold | |||
| Aug 2, 2017 | Listed by Bill Chance, Realty | $399,900 | |
| Listed by Bill Chance, Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017