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Photo of 118 Patchbox Way
Sold on Oct 23, 2019

11

Map

Photo of 118 Patchbox Way
Photo of 118 Patchbox Way
$130,000
● Land - Off Market

118 Patchbox Way

Walland, TN
bedrooms
Studio
bathrooms
0 Bath
$219,700
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

This is truly a unique opportunity for you to build your private Great Smoky Mountains Estate in East Tennessee. Situated on 6.37 +/- acres, this land features privacy which is very hard to find these days as well as picturesque mountain views. There are 2 lots being offered together in this sale. With end of the road privacy in a cul-de-sac that is your very own, making the decision to buy this tract of land is a wise choice. Convenient to Sevierville and Maryville, travel to and from this location is easy. Update 07/09/2018, Millers Cove Road has recently been widened and re-paved making your travel to Maryville a lot smoother and faster. This tract is an excellent choice for building your homestead estate.
Unit Size
-
Days on Market
-
Land Size
6.37 acres
Price per sqft
-
Property Type
Land
Property Taxes
$77
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 4 months ago (Realtracs #RTC3284422)

Price History

Date / Event Date Event Price
Oct 23, 2019 Sold
Premium
Sold
May 19, 2018 Listed by Exit Tennessee Realty Pros $150,000
Listed by Exit Tennessee Realty Pros

Property Highlights

Exterior Details
Lot Features: Level, Sloped, Wooded
Lot Size Area: 6.37
Lot Size Units: Acres
Lot Size Acres: 6.37
Lot Size Square Feet: 277477.2
Tax Lot: 2WR
Financial Details
Tax Annual Amount: $927
Utilities Details
Sewer : Other

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

Similar Homes for Sale

Currently no similar homes around
Realtracs

Listed by: Jerry Sandifer, Exit Tennessee Realty Pros
Last Updated: 4 months ago
Data Source: Realtracs, MLS# RTC3284422
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]
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