1390 Wright Road
About This Property
Perched among the rolling hills of East Tennessee, 1390 Wright Rd is more than land-it's a story waiting for its next chapter. On these 50 unrestricted acres, you'll find two homes: one that you can live in but is yearning for modern updates, and the other-an original hand-hewn log homestead-a rare piece of Appalachian history ready to be lovingly restored.
From the moment you arrive, the magical 360-degree views wrap around you like an old friend, with the Cherokee National Forest forming your back boundary, ensuring privacy and a lifetime of adventure just beyond your fence line. A natural spring still bubbles here, just as it did when the property was a thriving working farm-and it holds all the promise to be one again.
Here, your dreams have no limits: keep it as your own private mountain estate, return it to its farming roots, or subdivide into multiple homesites so others can share in the beauty. This is a place where sunsets linger longer, stars shine brighter, and history whispers in the breeze.
Title search is already completed, seller is motivated and ready to close!
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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 |
|---|---|---|---|
| Mar 21, 2026 | Sold | ||
| Sold | |||
| Feb 11, 2026 | In contract | - | |
| In contract | |||
| Feb 7, 2026 | Price Decreased |
$575,000
↓ $25K
(4.2%) | |
| Price Decreased | |||
| Jan 6, 2026 | Relisted | $600,000 | |
| Relisted | |||
| Sep 25, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017