107 Mercy Ridge None
About This Property
The main floor features a primary owner's suite with a walk-in closet and private bath, along with two additional guest bedrooms and a second full bathroom. A spacious living room, anchored by a cozy wood-burning fireplace, provides the perfect setting for cool mountain evenings.
The home expands into a large basement on the lower level, which includes a private entrance and a full bathroom for added flexibility. There is also a ton of unfinished space in the basement for storage or potential expansion. Outside, the grounds are equipped with a chicken coop and an outbuilding suited for hobbies or extensive storage.
A standout feature of the home is the back porch, a peaceful sanctuary that boasts breathtaking views of the Smoky Mountains. Surrounded by forested acreage, this retreat is filled with the sights and songs of native birds, offering a true escape into nature.
The surrounding land is a gardener's dream, showcasing flowering tulip poplars, vibrant flowering trees, and evergreens that provide year-round beauty. The mini-orchard includes a variety of apple, cherry, peach, and plum trees, as well as fig trees and berry bushes in raised beds.
This location perfectly balances seclusion with accessibility, situated just minutes from the Blue Ridge Parkway and its many hiking trails. Residents can enjoy the quiet of the mountains while remaining close to all that Western North Carolina has to offer.
ATTN BUYERS!!! Motivated Sellers offer 1% towards your closing costs/ buy down the rate!
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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 |
|---|---|---|---|
| Jun 30, 2026 | Sold | ||
| Sold | |||
| Jun 9, 2026 | In contract | - | |
| In contract | |||
| May 30, 2026 | Price Decreased |
$339,000
↓ $6K
(1.7%) | |
| Price Decreased | |||
| May 14, 2026 | Listed by Nest Realty Asheville | $345,000 | |
| Listed by Nest Realty Asheville | |||
| Feb 23, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017