00 Anderson County Road 151
About This Property
The terrain is gently rolling with higher elevations located along the county roads and a gradual slope downward to the north and east. The open areas are primarily native and improved grasses including Bahia and Bermuda, which are well-suited for grazing or hay production. The timbered sections include mature post oak, blackjack oak, hickory, and cedar, providing shade, wildlife habitat, and visual diversity. The property's shape and natural drainage patterns allow for multiple potential homesites or pasture configurations.
A small pond is located in the northeastern corner of the tract within a pocket of hardwood timber, offering scenic value and a water source for livestock or wildlife. Electricity and community water are reported to be available along the county road frontage. Buyers should verify utility availability and capacity based on their intended use.
The property consists primarily of sandy loam and clay loam soils typical of Anderson County. These soils support improved pasture grasses and are generally suitable for residential development with proper site evaluation. The natural slope and drainage features on the tract enhance usability and reduce site preparation requirements in most areas.
Its proximity to town, scenic terrain, and accessibility will appeal to both developers and individual buyers seeking privacy with convenience.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2025 | Sold | ||
| Sold | |||
| Aug 13, 2025 | In contract | - | |
| In contract | |||
| Aug 2, 2025 | Relisted | $665,000 | |
| Relisted | |||
| Jun 11, 2025 | In contract | - | |
| In contract | |||
| Jun 2, 2025 | Listed by Whitetail Properties Real Estate | $665,000 | |
| Listed by Whitetail Properties Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017