Lot 37 N Mountain Lane
About This Property
Additional features include * a shared well access for convenience, * scenic trails nearby for walking and horseback riding, * a peaceful private setting with access to outdoor adventures.
Located in one of Western North Carolina's most sought after communities, this property provides the perfect balance of seclusion and accessibility. Whether you are looking for a tranquil getaway or a full time residence, this property has everything you need to enjoy lake living at its finest.
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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 |
|---|---|---|---|
| Mar 13, 2026 | Sold | ||
| Sold | |||
| Mar 8, 2026 | In contract | - | |
| In contract | |||
| Aug 13, 2025 | Price Decreased |
$89,900
↓ $10K
(10.1%) | |
| Price Decreased | |||
| Jan 29, 2025 | Listed by Jim Smith & Associates Inc | $100,000 | |
| Listed by Jim Smith & Associates Inc | |||
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Last Updated: 6 months ago
Data Source: CANOPYMLS, MLS# CAR4217086
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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