3789 KATY HOLLAR Road
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%.
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 |
|---|---|---|---|
| Jul 2, 2021 | Sold | ||
| Sold | |||
| Feb 23, 2021 | Listed by Keller Williams Smoky Mountains | $2,750,000 | |
| Listed by Keller Williams Smoky Mountains | |||
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THIS PRISTINE DEVELOPMENT PROPERTY IS ABSOLUTELY ONE OF THE FINEST IN OUR REGION. THE MASSIVE 128.83+/- ACRE TRACT IS SURROUNDED BY THE GREAT SMOKY MOUNTAINS NATIONAL PARK, A 500,000+ ACRE RESERVE, ON THREE SIDES AMOUNTING TO 4,080' OF FRONTAGE TO THE PARK. YOU CAN LITERALLY HIKE IN AND OUT OF THE PROPERTY. LITTLE GREENBRIAR TRAIL, AND 800+ MILES OF OTHER TRAIL SYSTEMS IS JUST OUTSIDE OF YOUR DOOR AND SHARES A BORDER WITH THIS TRACT. METCALF BOTTOMS PICNIC AREA IS JUST DOWN THE ROAD. THE PROPERTY OFFERS ALL TYPES OF GRADE, MUCH IS LEVEL ACREAGE. APPROXIMATELY HALF OF THE PROPERTY IS WOODED. IN THE REAR, THE ELEVATION IS APPROXIMATELY 2500', CREATING FANTASTIC VIEWS OF THE VALLEY FLOOR AND MOUNTAIN RANGES. IN ADDITION, THERE ARE THREE RIDGE PEAKS ON THE PROPERTY. THIS AREA IN WEARS VALLEY TRULY FEELS UNSPOILED AND NATURAL. THIS FAMILY HAS OWNED THIS TRACT FOR 65 YEARS AND HAS NEVER BEFORE BEEN ON THE MARKET. THERE ARE 4,346'+/- OF ROAD FRONTAGE, CREATING EASY ACCESS TO ALL OF THE PROPERTY. DEVELOPMENT POTENTIAL IS LIMITLESS. THERE IS ALSO AN OLD FARMHOUSE ON THE PROPERTY, APPROXIMATELY 2,445 SQFT. THIS LAND IS RARE, COME SEE FOR YOURSELF! DRONE PHOTOGRAPHY WAS UTILIZED IN THIS LISTING.
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| May 14, 2020 | Listed by Keller Williams Smoky Mountains | $3,700,000 | |
| Listed by Keller Williams Smoky Mountains | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017