$270,000
●
House -
Off Market
43 CHIPPEWA LN
PALMYRA, VA 22963
2 Beds
2 Baths
1,222 Ft²
$2,325
Est. Monthly
$906
HOA / Fees
3.86%
Cap Rate
About This Property
This 2 bedroom, 2 bath 1,222 fin sq ft home features a newer roof
and an easy one level living floorplan! Enjoy all the amenities
that Lake Monticello has to offer (pool, clubhouse, playgrounds,
beaches, lake, tennis, and more!) without the hassle of the Main
Gate. Grill out on the sunny back deck or prepare meals in the
eat-in kitchen. Entertain friends in the light-filled living room
or wave to neighbors from the front porch. Rest easy in the first
floor primary suite and utilize the second bedroom as a home office
or guest bedroom. This home is conveniently located just 8 minutes
from the Turkeysag Gate's Food Lion, nearby convenience stores,
restaurants and just 20 minutes from Zion Crossroads (Wal Mart,
Lowes) and Charlottesville's Pantops (Wegman's, The Alamo Movie
Theater, and more)! Open House this Saturday (4/5) between
12PM-2PM!,Formica Counter,Wood Cabinets
Unit Size
1,222 Ft²
Days on Market
37 days
Land Size
0.34 acres
Price per sqft
$217
Property Type
House
Property Taxes
$117
HOA Dues
$906
Year Built
1990
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 12 months ago (Bright MLS #662602)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 16, 2025 | Sold | ||
| Sold | |||
| Apr 1, 2025 | Listed | $265,000 | |
| Listed | |||
| | |||
|
This 2 bedroom, 2 bath 1,222 fin sq ft home features a newer roof and an easy one level living floorplan! Enjoy all the amenities that Lake Monticello has to offer (pool, clubhouse, playgrounds, beaches, lake, tennis, and more!) without the hassle of the Main Gate. Grill out on the sunny back deck or prepare meals in the eat-in kitchen. Entertain friends in the light-filled living room or wave to neighbors from the front porch. Rest easy in the first floor primary suite and utilize the second bedroom as a home office or guest bedroom. This home is conveniently located just 8 minutes from the Turkeysag Gate's Food Lion, nearby convenience stores, restaurants and just 20 minutes from Zion Crossroads (Wal Mart, Lowes) and Charlottesville's Pantops (Wegman's, The Alamo Movie Theater, and more)! Open House this Saturday (4/5) between 12PM-2PM!,Formica Counter,Wood Cabinets
| |||
Property Highlights
Air Conditioning
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Listed On
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Sold On
Sold On
HOA + Taxes
About Lake Monticello
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Listed by: SASHA TRIPP
STORY HOUSE REAL ESTATE
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# 662602
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STORY HOUSE REAL ESTATE
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# 662602
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