$2,400,000
↓ $100K (4%)
●
House -
For Sale
1642 Smith Waldrop Road
Mill Spring, NC 28756
7 Beds
5 Baths
2,283 Ft²
$11,785
Est. Monthly
About This Property
Think So Many Options – Equestrian Farm on 78+ acres -easy 5-minute
drive to TIEC! Like new 2017 Log Home – 2 separate living areas -7
bedrooms. 24-stall shed row barn with tack and feed rooms.
EIS irrigated 125 x 225 competition size arena. Pasture and
paddocks. Additional 3+ bedroom "Bunkhouse" – a real plus
for additional housing or rental. Professional facility,
rental opportunities, personal farm. – so many possibilities. Deed
restricted until 2027 – 10 acre parcels.
Unit Size
2,283 Ft²
Days on Market
-
Land Size
78.81 acres
Price per sqft
$1,051
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
-
Listed By
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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 (CANOPYMLS #CAR4089037)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 10, 2026 | Price Decreased |
$2,400,000
↓ $100K
(4%) | |
| Price Decreased | |||
| Nov 28, 2023 | Listed by Coldwell Banker Advantage | $2,500,000 | |
| Listed by Coldwell Banker Advantage | |||
Property Highlights
Air Conditioning
Fireplace
Parking Details
Parking Features: Driveway
Interior Details
Full Bathrooms: 5
Interior Features: Breakfast Bar, Cathedral Ceiling(s), Kitchen Island, Open Floorplan, Vaulted Ceiling(s), Walk-In Closet(s), Whirlpool
Appliances: Dishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Tankless Water Heater, Washer, Washer/Dryer
Flooring Type: Laminate, Tile, Wood
Laundry Features: Electric Dryer Hookup, Laundry Room, Main Level, Washer Hookup
Has Fireplace
Fireplace Features: Family Room, Gas, Gas Log
Basement: Daylight, Exterior Entry, Interior Entry, Partially Finished, Walk-Out Access, Walk-Up Access
Exterior Details
Square Footage: 2283
Year Built: 2017
Builder Name: Blue Ridge Log Homes
Levels: Two and a Half
Other Structures: Barn(s), See Remarks
Construction Materials: Log
Patio and Porch Features: Deck, Screened
Lot Features: Pasture, Private, Wooded, Creek/Stream
Lot Size Area: 78.81
Lot Size Units: Acres
Lot Size Acres: 78.81
Lot Size Square Feet: 3432963.6
Water Source: Well
Financial Details
Tax Assessed Value: $1,990,739
Utilities Details
Cooling Type: Electric, Heat Pump, Zoned
Heating Type: Central, Electric, Heat Pump, Zoned
Sewer : Septic Installed
Comparables
Unit
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Type
Beds
Baths
ft²
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HOA + Taxes
About Polk
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Listed by: Ronald Piccari, Coldwell Banker Advantage
Last Updated: 2 months ago
Data Source: CANOPYMLS, MLS# CAR4089037
Last Updated: 2 months ago
Data Source: CANOPYMLS, MLS# CAR4089037
Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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