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Polk
126 River Lane
Photo of 126 River Lane
Sold on Feb 24, 2025

27

Map

Photo of 126 River Lane
Photo of 126 River Lane
$290,000
● House - Off Market

126 River Lane

Delano, TN 37325
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,425 Ft²
$1,456
Est. Monthly

About This Property

Discover your dream home nestled near the river with beautiful scenic views! This newly constructed 2-bedroom, 2-bath home boasts a spacious office and large open floor plan. Enjoy the tranquility of nature from your own backyard. With modern amenities and stylish finishes, this superbly built home offers the perfect blend of comfort and country elegance. If you like kayaking/fishing well the Patty Bridge public access to the Hiwassee River is just around the corner! Don't miss out on the opportunity to make this picturesque retreat yours! Seller is willing to consider assisting buyer with closing costs/buying down their interest rate. Schedule your viewing today!
Unit Size
1,425 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$207
Property Type
House
Property Taxes
$7
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 2 months ago (Realtracs #RTC2798649)

Price History

Date / Event Date Event Price
Feb 24, 2025 Sold
Premium
Sold
Feb 17, 2024 Listed by Coldwell Banker Kinard Realty $295,000
Listed by Coldwell Banker Kinard Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PATTY BEND
  • Land Acres: 0000001000
  • Standard Land Use Code: 1000
  • County Land Use Code: 00
  • State Land Use Code: C00
  • Legal Description 1: PATTY BEND PB: 8 PG: 220 LOT: 23

Neighborhood

  • School District Name: Polk County School District
  • Census Tract: 950204

Geography

  • Assessors Map Reference: 016M
  • District: 01
  • Parcel: 016M-A-023.00
  • Lot: 23
  • Latitude: 35.222
  • Longitude: -84.6466

    Address

  • Full Address: 126 River Ln
  • Address - House Number: 126
  • Address - Street Name: River
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Delano
  • Carrier Code: R001
  • 4-Digit Zip Code: 7817
  • Zip Code: 37325

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,700
  • Tax Rate Code Area: 70A00

    Appraisal Valuation

  • Standard Deviation: 0.1602
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 294,578
  • High Value: 341,774
  • Low Value: 247,382

    Market Valuation

  • Market Total Value: $13,500
  • Market Land Value: $13,500

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $3,375
  • Assessed Land Value: $3,375

    Sales

  • Current Sale Contract Date: Oct 19, 2023
  • Current Sale Recording Date: Oct 23, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2496
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

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

About Polk

Stats & Trends

Median Asking:

$359,500

Sale Price/ft²

$213

Below Asking

0.02%

Average Days on Market

108

Average Home Size

2151 ft²

Average Home Age

29.6 years

Currently For Sale

77 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Realtracs

Listed by: Terry Barnette, Coldwell Banker Kinard Realty
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC2798649
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 126 River Lane built and last sold?
The property at 126 River Lane was built in and last sold on Oct 19, 2023 for $40,000.
How much is this home worth?
The estimated value of the home located at 126 River Lane is $299,495.
What are some comparable homes to 126 River Lane?
There are currently no comparable homes to 126 River Lane.
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