2297 Fish Hatchery Road
About This Property
Discover your dream home in Morristown, a hidden gem nestled on 4.37 acres. This magnificent 2-story residence boasts custom features throughout, including a grand great room with high ceilings, a cozy fireplace, and an elegant chandelier. The main floor master suite offers a luxurious en-suite bathroom with a soaking tub, walk-in shower for two, and a custom walk-in closet.
The gourmet kitchen is a chef's dream with quartz countertops, new appliances, a large island, and a spacious pantry. Upstairs, you'll find two more large bedrooms with walk-in closets and a charming sitting area. Outdoor living shines with an in-ground pool, covered patio, and an oversized two-car garage for extra storage.
Conveniently located near restaurants, retail, and popular East Tennessee destinations, this home offers both tranquility and accessibility.
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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 |
|---|---|---|---|
| Dec 30, 2024 | Sold | ||
| Sold | |||
| Sep 22, 2024 | Listed by Greater Impact Realty Lakeway | $850,000 | |
| Listed by Greater Impact Realty Lakeway | |||
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About Hamblen
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Last Updated: 4 months ago
Data Source: Realtracs, MLS# RTC3320465
Brokerage email: [email protected]
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017