2957 Summit Trails 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 |
|---|---|---|---|
| Oct 19, 2025 | No longer available | - | |
| No longer available | |||
| Aug 9, 2025 | Price Decreased |
$2,150,000
↓ $25K
(1.2%) | |
| Price Decreased | |||
| Jul 10, 2025 | Price Decreased |
$2,175,000
↓ $25K
(1.1%) | |
| Price Decreased | |||
| Oct 18, 2024 | Listed by Wallace Real Estate MRP | $2,199,999 | |
| Listed by Wallace Real Estate MRP | |||
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Certificate of Occupancy sleeps 16!! Breathtaking, picturesque views (thank you two story wrap around porch) and convenience (just minutes from downtown Pigeon Forge), this luxury property really has it all! Located in The Summit on Bluff Mountain, a luxurious and sought after subdivision, this home is move in ready and waiting for you. Like new, this home is equipt with everything you need to enjoy a tranquil lifestyle: indoor pool, hot tub, theater room, 2 oversized primary suites, bonus room, all bedrooms with personal ensuite PLUS a teen suite downstairs! Enjoy sunrises on the deck, listening to the crisp creek, or enjoy an evening beverage as you watch the sunset. Either way, once you are there, you won't want to leave! Over 2.5 acres of your own private oasis, but still able to enjoy the convenience to town since this property is just minutes away from everything: attractions, smoky mountain national park, shopping, entertainment, fishing, hiking, and more!
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| Mar 28, 2024 | Listed by Wallace | $2,289,000 | |
| Listed by Wallace | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017