131 Red Bud Drive
About This Property
The spacious living room welcomes you with stunning new flooring that complements the abundant natural light that fills the space. It's the perfect spot for relaxation and entertainment. The large open kitchen is a chef's dream, boasting brand-new stainless-steel appliances, a beautiful backsplash, and an abundance of counter space and cabinet storage. Preparing meals here will be a joy.
Throughout the home, fresh interior paint has been applied, giving it a clean and inviting atmosphere. The basement offers a generous gathering room, complete with a cozy gas fireplace-a perfect place to unwind or entertain guests.
For added convenience, there's a 2-car attached garage with brand-new garage doors, ensuring secure parking and extra storage space. The living room, hallway, and bedrooms feature new water-resistant laminate flooring, adding both style and durability to the home. Vinyl double-hung windows with blinds, new ceiling fans, and several new doors enhance the overall aesthetic and functionality.
The HVAC system has been updated recently, providing efficient climate control, and the roof is approximately 9 years old, offering peace of mind in terms of durability.
One of the standout features of this home is the double-level deck that overlooks a fantastic backyard. It's the ideal space for enjoying sunny days and peaceful evenings.
The septic system has been recently inspected and pumped, ensuring trouble-free operation. Located in a quiet neighborhood, this home offers easy access to the Emory River, Watts Bar, Oak Ridge, Oliver Springs, Harriman, and Morgan County.
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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 |
|---|---|---|---|
| Oct 31, 2023 | Sold | ||
| Sold | |||
| Sep 11, 2023 | Listed by Keller Williams | $304,900 | |
| Listed by Keller Williams | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017