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Photo of 199 Cherry Hill None

11

Map

Photo of 199 Cherry Hill None
Photo of 199 Cherry Hill None
$100,000
● Land - For Sale

199 Cherry Hill None

Mill Spring, NC
bedrooms
Studio
bathrooms
0 Bath
$932
Est. Monthly
$440
HOA / Fees

About This Property

Beautiful large, private, cul de sac lot that borders a creek. Located in Bright's Creek. A beautiful development with paved roads, fiber optic, water, sewer, & natural gas. Community offers 24 hour staffed greeters cottage and many scenic walking trails including a waterfall trail. Brights Creek Club offers a 19 hole Tom Fazio championship golf course, tennis/pickleball, and mountain lodge with restaurant and bar. New Amenity area features an outdoor heated saline pool, two lane bowling alley, fitness center, casual dining, and many beautiful gathering spaces with a huge stone fireplace and full bar. Make an appointment to experience Bright's Creek today.
Unit Size
-
Days on Market
-
Land Size
3.78 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$440
Year Built
-

Listed By

JJ Murphy
[email protected]
Allen Tate/Beverly-Hanks Hendersonville

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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 #CAR4143523)

Price History

Date / Event Date Event Price
May 23, 2024 Listed by Howard Hanna Beverly-Hanks $100,000
Listed by Howard Hanna Beverly-Hanks

Property Highlights

Exterior Details
Lot Features: Wooded, Creek/Stream
Lot Size Area: 3.78
Lot Size Units: Acres
Lot Size Acres: 3.78
Lot Size Square Feet: 164656.8
Water Source: Community Well, Tap Fee Required
Financial Details
Tax Assessed Value: $42,500
Utilities Details
Sewer : Private Sewer, Tap Fee Required
Location Details
HOA/Condo/Coop Amenities: Trail(s)
HOA Fee: $440
HOA Fee Frequency: Quarterly

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Currently no similar homes around
CANOPYMLS

Listed by: JJ Murphy, Howard Hanna Beverly-Hanks
Last Updated: 8 months ago
Data Source: CANOPYMLS, MLS# CAR4143523
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.
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