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East Flat Rock 28731 Cinnamon Woods
203 Cinnamon Way
$358,165
● House - Off Market

203 Cinnamon Way

Flat Rock, NC 28731
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,092 Ft²
$1,793
Est. Monthly
$30
HOA / Fees
6.92%
Cap Rate

About This Property

Cute and cozy in East Flat Rock's Cinnamon Woods Subdivision!  Centered on an attractive, spacious lot with shade trees and a fully fenced back yard and additional dog lot off the primary bedroom.  Covered front porch, a wrap around deck and patio area give plenty of space to relax and enjoy this excellent setting.  The floorplan is open and skylights in the living room add extra natural light.  There are hardwood floors throughout and there is a gas log fireplace unit in the living room.  The gas furnace and central AC were replaced recently as was the hot water heater and a new garage door.  Single car garage is attached and there is room to park additional vehicles.  There is a community water system and the internet is provided by Optimum.  Trash pickup is private.
Unit Size
1,092 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$329
Property Type
House
Property Taxes
-
HOA Dues
$30
Year Built
1992

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Cap Rate Calculator

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Cap Rate 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 years ago (CANOPYMLS #CAR4191535)

Price History

Date / Event Date Event Price
Dec 10, 2024 Sold
Premium
Sold
Oct 23, 2024 In contract -
In contract
Oct 18, 2024 Listed by Walker Wallace and Emerson Realty $359,000
Listed by Walker Wallace and Emerson Realty
May 8, 2015 Sold
Premium
Sold
Mar 31, 2006 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 288
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,265
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,092
  • Building Area: 1,092
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CINNNAMON WOODS (3319)
  • Land Acres: 0000000580
  • Standard Land Use Code: 1001
  • Legal Description 1: CINNAMON WOODS LO94

Neighborhood

  • School District Name: Henderson County Schools
  • Census Tract: 931500

Zoning

  • Zoning: 9936892~R1

Geography

  • Assessors Map Reference: MAP 9576
  • Account Number: 9936892
  • Parcel: 9576986744
  • Block: 98
  • Lot: 6744
  • Municipality: BLUE RIDGE FIRE
  • Latitude: 35.2645
  • Longitude: -82.4188

    Address

  • Full Address: 203 Cinnamon Way
  • Address - House Number: 203
  • Address - Street Name: Cinnamon
  • Address - Suffix Type: Way
  • State: NC
  • City Name: Flat Rock
  • Carrier Code: R004
  • 4-Digit Zip Code: 8755
  • Zip Code: 28731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $106,276
  • Tax Rate Code Area: BLUE RIDGE

    Appraisal Valuation

  • Standard Deviation: 0.2411
  • Valuation Date: May 10, 2023
  • Confidence Score: 66
  • Final Value: 317,679
  • High Value: 394,295
  • Low Value: 241,062

    Market Valuation

  • Market Total Value: $258,200
  • Market Land Value: $77,100
  • Market Improvement Value: $181,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $258,200
  • Assessed Land Value: $77,100
  • Assessed Improvements Value: $181,100

    Sales

  • Current Sale Contract Date: May 08, 2015
  • Current Sale Recording Date: May 08, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Mar 31, 2006
  • Previous Sale Contract Date: Mar 31, 2006
  • Previous Sale Amount: $147,000
  • Previous Sale Document Type: 27
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 Cinnamon Woods

Stats & Trends

Median Asking:

$369,950

Sale Price/ft²

$250

Below Asking

0.02%

Average Days on Market

63

Average Home Size

1989 ft²

Average Home Age

34 years

Currently For Sale

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

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 111 Bluffview Lane, Flat Rock, NC, 28731

$2,000 /mo

  • 2 Beds
  • 2 Baths
111 Bluffview Lane, Flat Rock, NC, 28731 Listing by Kathy Jones

Rentals Near You

Click here to view more rentals in the neighborhood.
CANOPYMLS

Listed by: Roberta Heinrich, Walker Wallace and Emerson Realty
Last Updated: 2 years ago
Data Source: CANOPYMLS, MLS# CAR4191535
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 203 Cinnamon Way built and last sold?
The property at 203 Cinnamon Way was built in 1992 and last sold on May 8, 2015 for $141,000.
How much is this home worth?
The estimated value of the home located at 203 Cinnamon Way is $358,296.
What are some comparable homes to 203 Cinnamon Way?
There are currently no comparable homes to 203 Cinnamon Way.
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