2253 Lone Ridge Drive
About This Property
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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 |
|---|---|---|---|
| Jan 2, 2024 | Listed by Engel & Völkers Knoxville | $1,700,000 | |
| Listed by Engel & Völkers Knoxville | |||
| Mar 3, 2023 | Sold | ||
| Sold | |||
| Dec 14, 2022 | Listed by Century 21 MVP | $149,000 | |
| Listed by Century 21 MVP | |||
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Shovel Ready! Brand new 3-bedroom septic with Permit – done! Water (well) – done! Nicely-grated one acre with a stone-wall outdoor sitting area – done! Driveway – done! If you're ready to build your Wears Valley Mountain Retreat, look no further. This is as close to one-stop-land-shopping as you can get. And the gorgeous mountain views are a bonus. The cabin was lost in the recent Hatcher Mountain fire; however, it had a 5+ year very successful rental history prior to that. Don't wait too long for this well-priced, lucrative opportunity.
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| Jun 13, 2022 | Listed by Century 21 MVP | $174,000 | |
| Listed by Century 21 MVP | |||
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Shovel Ready! Brand new 3-bedroom septic with Permit – done! Water (well) – done! Nicely-grated one acre with a stone-wall outdoor sitting area – done! Driveway – done! If you're ready to build your Wears Valley Mountain Retreat, look no further. This is as close to one-stop-land-shopping as you can get. And the gorgeous mountain views are a bonus. The cabin was lost in the recent Hatcher Mountain fire; however, it had a 5+ year very successful rental history prior to that. Don't wait too long for this well-priced, lucrative opportunity.
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| Feb 8, 2022 | Listed by Century 21 MVP | $850,000 | |
| Listed by Century 21 MVP | |||
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Sweet mountain views in the heart of Wears Valley! Handsome 3 bed 3 bath log cabin in Gold Leaf Estates. This well maintained cabin features plenty of living/entertaining spaces on all three levels. 1 bed on each of the 3 levels for plenty of privacy. Your guests will enjoy all the outdoor entertaining spaces! You are just minutes away from all the shops in Wears Valley including the Wears Valley Social Food Truck Park!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017