45 Ginger Lane
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 |
|---|---|---|---|
| Aug 29, 2026 | Price Decreased |
$444,900
↓ $14K
(3.1%) | |
| Price Decreased | |||
| Jun 12, 2026 | Listed by Keller Williams Biltmore Village | $459,000 | |
| Listed by Keller Williams Biltmore Village | |||
| May 21, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| May 2, 2026 | Price Decreased |
$465,000
↓ $10K
(2.1%) | |
| Price Decreased | |||
| Apr 20, 2026 | Listed by Keller Williams Biltmore Village | $475,000 | |
| Listed by Keller Williams Biltmore Village | |||
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Back on the market with improvements! Welcome to 45 Ginger Lane, a well-maintained mountain cabin offering comfort, flexibility, and a peaceful Smoky Mountain setting. This 2-bedroom, 2-bath home also features a spacious loft currently used as a third sleeping area, providing extra room for guests or larger groups.
Outdoor spaces are set up for easy enjoyment, with a covered front porch, a fenced yard, and a dedicated firepit area. The back deck offers plenty of space for gatherings or relaxing in the fresh mountain air. Recent exterior updates include a newly constructed retaining wall behind the home as well as rechinking and sealing of the wood siding, helping preserve both structure and appearance.
Inside, the home features an inviting living area with updated lighting, ceiling fans, and a fireplace that anchors the space. A large bonus room adds flexibility for a game room, media space, or additional sleeping options. The finished garage expands usable space year-round, complete with insulation, a mini-split system, and durable concrete flooring—ideal for a workshop, studio, or additional hangout area.
The gravel driveway has been recently improved for better access, and furnishings are available for purchase if desired, making this a strong option for a move-in-ready setup.
Whether you’re searching for a weekend getaway or a full-time mountain home, 45 Ginger Lane offers a practical layout, recent updates, and a quiet setting to enjoy.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017