413 Green Hills Road
About This Property
Enjoy outdoor living at its finest with an expansive wrap-around porch on the main level, a spacious ground-floor patio, and a private back deck-perfect for relaxing or entertaining while surrounded by the peace and tranquility of nature. Step inside to a grand great room featuring a soaring vaulted wood ceiling and a striking see-through stacked stone fireplace, creating a warm and inviting focal point. The chef's kitchen is a showstopper, highlighted by a large granite island with a copper prep sink and breakfast bar, an antiqued 1800's-style Elmira Stove Works 6-burner gas range with pot filler, additional wall oven, stainless steel appliances, ample cabinetry, a walk-in pantry, and charming antique accents. The spacious primary bedroom offers direct access to the outdoor deck, while the luxurious primary bath includes a walk-in shower and a relaxing Jacuzzi tub. The main level also features a versatile office or den, a guest bath, and easy deck access. Upstairs, discover a bright loft area, two comfortable guest bedrooms, and a full bath. The lower level is designed for fun and flexibility with a generous recreation room complete with a wet bar and kegerator, plus two additional bedrooms or flex spaces, another full bath, and direct walk-out access to the wrap-around patio. New Trane furnace and air conditioning were installed in 2025. Experience unmatched privacy, quiet, and natural beauty in this serene Lake Adger retreat. The adjoining 3.12 acre lot is also available for additional purchase to add additional privacy, to create a family compound, or to clear for horse pasture. Lake Adger Residents enjoy access to one of Western North Carolina's most beautiful waterways, including a boat ramp, lake access, and a private community pavilion. Lake Adger encompasses 14 miles of shoreline and 438 surface acres of water, ideal for boating, kayaking, fishing, and swimming. The Lake Adger Community is a private, planned development covering approximately 3,250 acres, featuring 13 miles of private equestrian and hiking trails. This location is conveniently accessible from Asheville and Hendersonville, NC, as well as Greenville and Spartanburg, SC. Please make sure to check out the Video Virtual Tour for a closer look. Don't miss your chance to own this extraordinary log home-schedule your private tour today!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017