351 Grandview 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%.
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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.
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 |
|---|---|---|---|
| May 9, 2024 | Sold | ||
| Sold | |||
| Mar 14, 2024 | Listed by Re/Max Between the Lakes Dandridge | $849,900 | |
| Listed by Re/Max Between the Lakes Dandridge | |||
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LOCATION, LOCATION, LOCATION! A ''must see'' beautiful home, with spectacular Smoky Mountain views and plenty of room for everyone. Situated on a large 1.33-acre lot, the home includes 5 bedrooms and 4 full baths in two levels plus a full basement. The primary suite, including a sunroom and bath is on the main level. This level also includes two living areas, a recently remodeled kitchen with KraftMaid cabinetry, quartz counter tops, including GE Cafe appliances, and a large island perfect for enjoying breakfast and the stunning views. The home also has another dining area, an office/library with custom built ins, a laundry room, and a two-car attached garage on main level. Off the kitchen is a large, screened porch to enjoy the stunning views. There are three bedrooms and a bath on the second level. In the finished part of the basement is a spectacular apartment-including a living/dining area, kitchen, bedroom, flex room, and full bath. The apartment also has its own garage, laundry, separate driveway and covered patio giving you another opportunity to enjoy the beautiful mountain views. In the unfinished part of the basement there is plenty of room for storage and shop or craft area. In addition to all this, the roof and skylights were replaced in 2023 and part of the backyard is fenced for your pets. The location is less than 4 miles to interstate, 8 miles to Douglas Lake, and easy drive to the Great Smoky Mountains National Park and all the attractions in Pigeon Forge and Gatlinburg. Please schedule your private showing today! Buyers and buyer's agents to please verify all information including SF prior to any offers. All information taken from tax records.
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| Sep 2, 2023 | Listed by Re/Max Between the Lakes Dandridge | $889,000 | |
| Listed by Re/Max Between the Lakes Dandridge | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017