18
Map
$425,000
●
Condo -
Off Market
321 Meriwether Way
Pigeon Forge, TN 37863
2 Beds
2 Baths
1,350 Ft²
$430,824
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model
About This Property
Location! Location! Location! All on one level 2BR/2BA condo with
attached 2 car garage and walking distance to the Parkway in Pigeon
Forge. Ideal for STR, permanent residence or a vacation home. Open
floor plan is perfect for gatherings and entertaining. Living room
features beautiful stack stone gas fireplace, built-in bookcase,
gleaming wood flooring and cathedral ceilings. Covered front porch
and back patio is perfect for outdoor enjoyment. Condos in this
community can gross 50K-60K a year depending on management company
and unit quality. Very low maintenance, as HOA covers the exterior
(including roof and siding repair and maint), landscaping, pool,
structure insurance etc
Unit Size
1,350 Ft²
Days on Market
-
Land Size
0.01 acres
Price per sqft
$315
Property Type
Condo
Property Taxes
$84
HOA Dues
$175
Year Built
2008
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 months ago (Realtracs #RTC3289612)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 8, 2022 | Sold | ||
| Sold | |||
| Feb 7, 2022 | Listed by Century 21 MVP | $425,000 | |
| Listed by Century 21 MVP | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Attached
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: High Ceilings, Ceiling Fan(s)
Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
Laundry Features: Electric Dryer Hookup, Washer Hookup
Has Fireplace
Fireplace Features: Gas
Exterior Details
Has Property Attached
Square Footage: 1350
Architectural Style: Cottage
Year Built: 2008
Building Area Total: 1350
Levels: One
Building Area Units: Square Feet
Patio and Porch Features: Porch, Covered
Lot Size Area: 0.01
Lot Size Units: Acres
Lot Size Acres: 0.01
Lot Size Square Feet: 435.6
Tax Lot: 25
Water Source: Public
Financial Details
Tax Annual Amount: $1,012
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Maintenance Structure
HOA/Condo/Coop Amenities: Pool
HOA Fee: $175
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/07/2022
| |
2 Bed
|
2 Bath
|
1350 ft²
|
$425,000
2 Bed
2 Bath
1350 ft²
|
$425,000
04/08/2022
|
Irena McCoy
Century 21 MVP
|
Building Info
About Pigeon Forge
Similar Homes for Sale
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Listed by: Irena McCoy, Century 21 MVP
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3289612
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3289612
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]
Brokerage email: [email protected]
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