4037 Chamberlain
About This Property
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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.
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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 8, 2022 | Sold | ||
| Sold | |||
| Jan 23, 2022 | Listed by eXp Realty | $864,000 | |
| Listed by eXp Realty | |||
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Fabulous newly renovated cabin secluded on 1+ acres in Wears Valley. This property is turn-key and ready to rent! The sewer is permitted for two bedrooms but the property comfortably sleeps 11 in 2 bedrooms and 3 additional tastefully appointed bonus rooms on the 2nd floor. The interior features all new flooring, wall finishes, fixtures and furniture as well as Wi-Fi Enabled door locks and thermostats. The kitchen is a cooks dream and features a 5-burner gas Bertazoni stove and Braun refrigerator, dishes, utensils, and small appliances. The exterior features new metal roofing, freshly stained siding and decks, new deck furniture, and a new 6-person hot tub. Basement features a fully encapsulated crawl space with unfinished area that will be perfect for a home theater addition. Outside, there is a detached game room with brand new foosball and air hockey tables and a detached two car garage. This beautiful property is secluded from the hustle and bustle, yet just minutes from 321, making it convenient to popular tourist attractions in Wears Valley, Pigeon Forge, Gatlinburg and Townsend. Buyer can also join the Honeysuckle Meadows Pool and Clubhouse just minutes away at the entry to Happy Hollow Rd for a nominal annual fee. Membership benefits extend to overnight guests. This property went live as a rental in December 2021 and generated more than $14,000 in revenue. Property features a leased water filtration system than can be continued by the new owner.
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Jun 25, 2021 | In contract | - | |
| In contract | |||
| Jun 6, 2021 | Listed by Town & Country REALTORS | $534,900 | |
| Listed by Town & Country REALTORS | |||
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''The Treehouse'' sits on a private wooded 1+ acres site with det. gar/carport. Exterior features covered & open decking & a 12 x 20 det. game /office building . LEVEL ENTRY FROM REAR. Inside you will find soaring T & G beamed ceilings, hwood flooring, lg. kitchen w/ islands, newer Bertazoni 5 burner stove w/ matching SS hood, Braun refrigerator. 5th BR had a closet that was converted into part of the kit. pantry, could be reversed. Stacked stone FP w/ carved bears & artisan crafted stair rails highlight the living room which features a full window wall. Owners have done major interior construction & have done all the expensive ticket items for the new buyer: New metal roofing, 47 trees removed, flooring leveled, french drains, crawl space encapsulated by AFS. Also new sump pump, New stairs to basement, new flooring in basement for workshop area/storage, new covered porch trusses, newer duct work, new carpets in 4 of 5 BRs. Also partially rebuilt exterior wall of home and new fascia trim on det. building, Whew! Lastly they just installed new canned lights and sheetrock on the kitchen ceiling. Buyers will need to do some finishing work on the sheetrock, some paint, 1 room of carpet and minor TLC. When done, this will be a $750K home easily. Also comes with a termite contract thru Bentley's and dehumidifier for basement. Was used as a primary residence and not on a rental program, but no restrictions against doing so. And no HOA fees! Buyer can also join the Honeysuckle Meadows Pool & Clubhouse at the entry of Happy Hollow Rd at a seasonal rate of $274 (includes tax). Main floor BR w/ walk in closet. That closet took over a 1/2 bath that was formerly there. Pipes still under the floorboards. Could be a full bath with some modifications. No response back on septic layout, may be only 2 BR. SOLD STRICTLY AS-IS. SELLERS WILL MAKE NO FURTHER REPAIRS OR INSPECTIONS. The manager has listed the unit size as 2314 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017