394 Kellwood Drive
About This Property
Prime Boone location steps from the golf course, Deer Valley Club, and Samaritan's Purse. Minutes to Watauga Medical, Greenway Trail, and Blue Ridge Parkway. Downtown Boone and Blowing Rock are 10 minutes away.
Built in 2018, this meticulously maintained modern farmhouse features single-level living with a 2-car garage. The open layout features high ceilings. The main living areas flow effortlessly out to the back patio, creating a seamless connection between indoor and outdoor living. Includes 4 bedrooms plus a flex room.
The private outdoor oasis boasts a stone patio, bar, built-in gas grill, hot tub, fire pits, professional landscaping, and a shed with 300 sq. ft. ADU potential.
Opportunities to own a home in one of Boone's most convenient locations are rare!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 15, 2026 | Sold | ||
| Sold | |||
| Sep 30, 2026 | In contract | - | |
| In contract | |||
| Sep 8, 2026 | Price Decreased |
$939,000
↓ $30K
(3.1%) | |
| Price Decreased | |||
| Aug 21, 2026 | Price Decreased |
$969,000
↓ $10K
(1%) | |
| Price Decreased | |||
| Aug 7, 2026 | Listed by Beycome Brokerage Realty LLC | $979,000 | |
| Listed by Beycome Brokerage Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017