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Sequatchie 37327
274 Elk Drive
Photo of 274 Elk Drive
Sold on Sep 9, 2019

25

Map

Photo of 274 Elk Drive
Photo of 274 Elk Drive
$54,500
● House - Off Market

274 Elk Drive

Dunlap, TN 37327
bedrooms
3 Beds
bathrooms
2 Baths
square feet
924 Ft²
$87,791
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

Beautiful home on almost 1/2 acre in - refurbished with new carpet fresh paint, open floor plan with lots of counter space and breakfast bar - large living room, large master with ensuite bathroom with tub shower combo, 2 additional guest bedrooms with guest bathroom. Home eligible for 96.5% financing with FHA loan, also possible seller financing avialable.
Unit Size
924 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$65
Property Type
House
Property Taxes
$8
HOA Dues
-
Year Built
2012

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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: 17 days ago (Realtracs #RTC3112316)

Price History

Date / Event Date Event Price
Sep 9, 2019 Sold
Premium
Sold
May 27, 2019 Listed by New Creation Real Estate $59,900
Listed by New Creation Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Bedroom Count: 0
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 45
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,440
  • Lot Size Depth Feet: 1,160
  • Lot Size Frontage Feet: 900
  • Total Building Area: 924
  • Building Area: 924
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 924
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEERHEAD RESORT
  • Land Acres: 0000000240
  • Standard Land Use Code: 1006
  • County Land Use Code: MH3
  • Mobile Home Indicator: T
  • Legal Description 1: DISTRICT: 2; SUBDIVISION: DEERHEAD RESORT

Neighborhood

  • School District Name: Sequatchie County School District
  • Census Tract: 060102

Geography

  • Assessors Map Reference: 039I
  • District: 02
  • Parcel: 077039I G 01400
  • Lot: 381
  • Latitude: 35.3862
  • Longitude: -85.4739

    Address

  • Full Address: 274 Elk Dr
  • Address - House Number: 274
  • Address - Street Name: Elk
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Dunlap
  • Carrier Code: H065
  • 4-Digit Zip Code: 6656
  • Zip Code: 37327

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $14,200
  • Initial Tax Delinquent Year: 2020
  • Tax Rate Code Area: 77A00

    Appraisal Valuation

  • Standard Deviation: 0.4565
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 8
  • Final Value: 88,992
  • High Value: 129,620
  • Low Value: 48,363

    Market Valuation

  • Market Total Value: $30,900
  • Market Land Value: $2,700
  • Market Improvement Value: $28,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $7,725
  • Assessed Land Value: $675
  • Assessed Improvements Value: $7,050

    Sales

  • Current Sale Contract Date: Sep 04, 2019
  • Current Sale Recording Date: Sep 09, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 19001845
  • Previous Sale Recording Date: Nov 13, 2018
  • Previous Sale Contract Date: Nov 13, 2018
  • Previous Sale Amount: $41,700
  • Previous Sale Document Type: 69
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 Sequatchie

Stats & Trends

Median Asking:

$417,500

Sale Price/ft²

$230

Below Asking

0.02%

Average Days on Market

118

Average Home Size

2453 ft²

Average Home Age

19.6 years

Currently For Sale

44 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

Rentals Near You

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Realtracs

Listed by: MELANIE SIMS, New Creation Real Estate
Last Updated: 17 days ago
Data Source: Realtracs, MLS# RTC3112316
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 274 Elk Drive built and last sold?
The property at 274 Elk Drive was built in 2012 and last sold on Sep 4, 2019 for $57,500.
How much is this home worth?
The estimated value of the home located at 274 Elk Drive is $68,195.
What are some comparable homes to 274 Elk Drive?
There are currently no comparable homes to 274 Elk Drive.
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