276 Shetland Trace
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 |
|---|---|---|---|
| Nov 8, 2024 | Sold | ||
| Sold | |||
| Oct 22, 2024 | In contract | - | |
| In contract | |||
| Sep 29, 2024 | Price Decreased |
$500,000
↓ $50K
(9.1%) | |
| Price Decreased | |||
| Mar 30, 2024 | Listed by Fathom Realty GA, LLC | $550,000 | |
| Listed by Fathom Realty GA, LLC | |||
| Feb 28, 2024 | Listed by Fathom Realty GA, LLC | $550,000 | |
| Listed by Fathom Realty GA, LLC | |||
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Enjoy a Mountain resort lifestyle! This home is located in the Equestrian Neighborhood of Big Canoe. It is only 1 mile from the main gate and only appr. 1 hour from Atlanta. Conveniently located near the Club House, Golf Course, Fitness Center, Walking Trails and other amenities. Level entry into home and parking. Newer roof, gutters, heat pump, hot water tank and hardwood flooring in the living room. The lower level has brand new hardwood flooring and paint completed throughout in February 2024. 3 bedrooms / 2.5 baths on main level including primary suite. 2 Bedrooms/1 bath on lower level. The lower level has 3 extra rooms big enough to create a family/game room, office or use your imagination! Enjoy an evening sitting by the fire in wood burning fireplace while enjoying the view of the North Georgia Mountains. Big Canoe is conveniently located to Amicalola Falls, Dahlonega and Elijay wineries and apple houses. Other amenities offered are jeep trails, dog parks, swimming pool, pickle ball, tennis and more! There is a mandatory $4,000 capital contribution paid by purchaser to Big Canoe Property Owners Association at closing. Pursuant to Article II, Section I paragraph bb of the Class A Covenants for the Big Canoe Community, all property transfers are subject to the Big Canoe Developers right of 1st refusal. Merino & Associates located in Jasper, GA is the preferred closing attorney.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017