3148 Cherokee Valley Drive
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| Feb 24, 2022 | No longer available | - | |
| No longer available | |||
| Dec 28, 2021 | In contract | - | |
| In contract | |||
| Dec 22, 2021 | Listed by Mountain Realty Group | $1,063,200 | |
| Listed by Mountain Realty Group | |||
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No Construction Loan Required, Builder will build and sell once completed! New 2400 sq ft Cabin Construction in Pigeon Forge right off Wears Valley Road on Walden's Creek! Cabin will be 5 beds/5.5 baths. Each bedroom will have its own bathroom and access to the deck. As you walk in inside this cabin, you will be greeted with an open living/dining area and a half bath. The kitchen will have granite and stainless steel appliances. There will be one bedroom with its own bath and right off the porch you will find the jacuzzi overlooking the creek. There will be two bedrooms upstairs. Downstairs you will find two bedrooms and a game room. There will be a staircase down to Walden's creek to a 15x15 deck along the creek. Cabin will be located at the end of the street on the cul-de-sac with easy access and close to all the attractions in the Smoky Mountains. You are just minutes from the parkway in Pigeon Forge and approximately 10 to 15 minutes from Gatlinburg and Sevierville. You will also be within 10 minutes to the new Foothills Parkway in picturesque Wears Valley. Cabin will have it all: Location, view, creek, All City Utilities, and easy access to our Smoky Mountains. The cabin will feature wood siding outside. Inside will include tongue and grove and wainscoting in bedrooms. Will have laminate flooring. Great overnight rental opportunity, cabins in same street, but smaller in size, are doing over $120K this year. Completion date approximately last week of April. The manager has listed the unit size as 2400 square feet.
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| Sep 9, 2020 | Sold | ||
| Sold | |||
| Jun 11, 2020 | Listed by Century 21 MVP | $39,000 | |
| Listed by Century 21 MVP | |||
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Fantastic Creek-side lot, just 5 minutes from all the attractions, dining & shopping of Pigeon Forge but far enough to be out of the traffic hustle and bustle. Beautiful wide and pristine, Walden Creek is your backyard, the perfect place to build your residence or second home,desirable flat yard, with all the utilities, sewer available. Easy to build.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017