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3116 Cherokee Valley Drive
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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 |
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| May 30, 2024 | Listed by Prime Mountain Properties | $785,000 | |
| Listed by Prime Mountain Properties | |||
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LOCATION! LOCATION! LOCATION! This stunning chalet in Pigeon Forge is perfectly situated right by Wears Valley Road and Walden Creek, offering unparalleled access to all the entertainment and attractions the Smoky Mountains area has to offer. With no steep roads to navigate, you'll find it easy to explore everything from the comfort of this beautiful home. This spacious 6-bedroom, 3-bath chalet is designed to accommodate up to 12 guests, making it ideal for family gatherings or group vacations. The large open living area seamlessly integrates the kitchen and dining space, creating an inviting atmosphere for entertaining and spending quality time together. Two luxurious primary suites on the main level provide comfort and convenience, while the four additional bedrooms (1 room game room combo) upstairs ensure everyone has a cozy place to rest. Outdoor entertainment abounds at this gorgeous chalet. The expansive back deck features a brand new hot tub, perfect for soaking away your cares while enjoying the serene outdoor surroundings. The covered carport not only accommodates up to six cars but also offers ample space for outdoor games and activities, making it a versatile area for fun and relaxation. The current owners have spared no expense in updating this charming property. From stylish decor to the new luxury vinyl plank (LVP) flooring, every detail has been thoughtfully considered. A new HVAC system ensures year-round comfort, while the new hot tub adds a touch of luxury to your stay. Additionally, the chalet is equipped with all city utilities for your convenience. With its prime location, you'll find it easy to access popular destinations such as Wears Valley, Pigeon Forge, Sevierville, and Gatlinburg. Whether you're looking to explore the natural beauty of the Great Smoky Mountains National Park, enjoy the excitement of Dollywood, or indulge in shopping and dining, everything is within easy reach.
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| May 20, 2022 | Listed by Prime Mountain Properties | $790,000 | |
| Listed by Prime Mountain Properties | |||
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GORGEOUS CHALET in Pigeon Forge right by Wears Valley Road and Walden Creek! Location, Location, Location!! No steep roads - Easy access to all the entertainment the Smoky Mountains area has to offer! This 6 bed, 3 bath chalet is spacious and accommodating for up to 14 guests with a large open living, kitchen, dining combo for entertaining with 2 Master Suites on the main level and 4 bedrooms upstairs. Plenty of outdoor entertainment to enjoy as well with the large back deck boasting a new hot tub as well as the covered carport that can hold up to 6 cars or room for outdoor games. All city utilities. The current owners spared no expense with updates - decor, new hot tub, and new heat pump. Great location with easy access to Wears Valley, Pigeon Forge, Sevierville, Gatlinburg, and the Great Smoky Mountain National Park! Come see why this Chalet is an Investment Dream!
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| Dec 15, 2021 | No longer available | - | |
| No longer available | |||
| Oct 18, 2021 | In contract | - | |
| In contract | |||
| Oct 13, 2021 | Listed by Smokies Investors Real Estate & Auc | $649,900 | |
| Listed by Smokies Investors Real Estate & Auc | |||
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Pigeon Forge Getaway right off Wears Valley Road on Walden's Creek! 6 beds/3 baths been on the program since March 2021 with 72,096.52 in bookings and many more dates available for the fall. Current Rental company projected 85K.Location for this Chalet has easy access to the whole county with back roads. Parking under the chalet for 6 cars or use as your own private pavilion for entertaining. When entering the chalet, you will enjoy the open floor plan for entertaining up to 14 people. Two nice size master suites are located on the main and four bedrooms on second level. Once some brush is removed from Creekside enjoyment and entertainment can be enjoyed with a fire pit along the creek. Chalet has it all Location, Water, All City Utilities, and easy access to our Smoky Mountains. The manager has listed the unit size as 2196 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017