45 Perrin Hill Road
About This Property
Rare opportunity to own 4.5 unrestricted acres in the heart of Grainger County! Currently used as a hay field and held by the same family for generations, this beautiful tract offers gently rolling terrain, open pasture, and scenic mountain and countryside views that create the perfect backdrop for your dream home, mini-farm, or investment property.
With no restrictions, the possibilities are endless. Build your forever home, bring your animals, establish a hobby farm, or simply enjoy the peace and privacy of East Tennessee country living. Multiple potential homesites provide flexibility to create the property you've always envisioned.
Public water is believed to be available along Central Point Road, with the nearest known connection point currently estimated to be approximately 0.4 miles from the property. Buyers are encouraged to verify water availability, location, and connection costs during their due diligence. A septic system will be needed. Per available records, no soil mapping or septic evaluation has been completed, as the property has remained in the same family for many years.
Conveniently located just minutes from Rutledge and a short drive to Cherokee Lake recreation, this property combines the serenity of rural living with easy access to nearby amenities.
A family legacy ready for its next chapter come explore the possibilities today!
Information deemed reliable but not guaranteed. Buyer to verify all information.
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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 |
|---|---|---|---|
| Jul 20, 2026 | Sold | ||
| Sold | |||
| Jun 17, 2026 | Listed by Century 21 Legacy | $99,000 | |
| Listed by Century 21 Legacy | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017