281 Cherrywood Circle
About This Property
A wrap-around deck extends your living space outdoors and is accessible from sliding doors in both the primary bedroom and living room. Recent updates include a kitchen remodel and new flooring in 2020, as well as connection to county water in 2022. Supplemental LP heat is available on both levels for added comfort.
Additional features include a metal roof, carport, storage shed, and concrete driveways providing access to both levels. This property offers exceptional flexibility-use the entire home for personal living with room for family and guests, live upstairs and rent the walkout basement, or maximize income by renting both levels separately.
Conveniently located, with Hiawassee and Young Harris, GA and Murphy, NC all within 15–20 minutes.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 8, 2026 | Price Decreased |
$299,000
↓ $6K
(2%) | |
| Price Decreased | |||
| Aug 19, 2026 | Price Decreased |
$305,000
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Jul 2, 2026 | Price Decreased |
$310,000
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Jun 11, 2026 | Listed by Anthony Dufrene | $315,000 | |
| Listed by Anthony Dufrene | |||
| Apr 2, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017