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Mills River 28759 Wedgewood
172 School House Road
$80,000
● House - Off Market

172 School House Road

Mills River, NC 28759
bedrooms
2 Beds
bathrooms
2 Baths
square feet
952 Ft²
$492
Est. Monthly

About This Property

Mobile home located on a large lot with 2 sheds.  Investor special.  2Br/2B  Currently has no heat or water source. The septic system is on file. The square footage of 952 is not counted due to no heat source.  BUYER AGENTS, PLEASE READ THE REMARKS AND INSTRUCTION PDF BEFORE SHOWING
Unit Size
952 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$105
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1993

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 8 months ago (CANOPYMLS #CAR4351065)

Price History

Date / Event Date Event Price
Mar 31, 2026 Sold
Premium
Sold
Mar 4, 2026 Listed by Love The Green Real Estate Consulting Firm $100,000
Listed by Love The Green Real Estate Consulting Firm

Property Highlights

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 2006
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,382
  • Lot Size Frontage Feet: 0
  • Total Building Area: 952
  • Building Area: 952
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 2
  • Heated Square Feet: 952
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000950
  • Standard Land Use Code: 1006
  • Mobile Home Indicator: T
  • Legal Description 1: AYERS EXEMPT TR2 PLSLD-7156

Neighborhood

  • School District Name: Henderson County Schools
  • Census Tract: 930702

Zoning

  • Zoning: 1009908~MR

Geography

  • Assessors Map Reference: MAP 9631
  • Account Number: 1009908
  • Subdivision Tract Number: 2
  • Parcel: 9631305891
  • Block: 30
  • Lot: 5891
  • Municipality: MILLS RIVER
  • Latitude: 35.3756
  • Longitude: -82.5783

    Address

  • Full Address: 172 School House Rd
  • Address - House Number: 172
  • Address - Street Name: School House
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Mills River
  • Carrier Code: R004
  • 4-Digit Zip Code: 9742
  • Zip Code: 28759

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $61,037
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1687
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 78
  • Final Value: 276,152
  • High Value: 322,744
  • Low Value: 229,561

    Market Valuation

  • Market Total Value: $174,400
  • Market Land Value: $58,100
  • Market Improvement Value: $116,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $174,400
  • Assessed Land Value: $58,100
  • Assessed Improvements Value: $116,300
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 Wedgewood

Stats & Trends

Median Asking:

$505,000

Sale Price/ft²

$198

Below Asking

0.03%

Average Days on Market

43

Average Home Size

8359 ft²

Average Home Age

23 years

Currently For Sale

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

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Currently no similar homes around

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CANOPYMLS

Listed by: Mary Love, Love The Green Real Estate Consulting Firm
Last Updated: 8 months ago
Data Source: CANOPYMLS, MLS# CAR4351065
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.

Frequently Asked Questions

When was property at 172 School House Road built and last sold?
The property at 172 School House Road was built in 1993 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 172 School House Road is $0.
What are some comparable homes to 172 School House Road?
There are currently no comparable homes to 172 School House Road.
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