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Cherokee 29340
456 Burnt Gin Road
$150,000
● House - Off Market

456 Burnt Gin Road

Gaffney, SC 29340
bedrooms
2 Beds
bathrooms
1 Bath
square feet
802 Ft²
$762
Est. Monthly

About This Property

Adorable Countryside two-bedroom, one-bath home. On almost half of an acre and being within a short drive to town conveniences and I-85.

Sold As-IS.
Unit Size
802 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$193
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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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: 2 years ago (CANOPYMLS #CAR4234025)

Price History

Date / Event Date Event Price
Aug 21, 2025 Sold
Premium
Sold
May 15, 2025 In contract -
In contract
Mar 20, 2025 Listed by Keller Williams South Park $155,000
Listed by Keller Williams South Park
Jan 20, 2022 Sold
Premium
Sold
Oct 12, 2021 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,473
  • Total Building Area: 900
  • Building Area: 900
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 900
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000470
  • Standard Land Use Code: 1999
  • County Land Use Code: RI
  • Legal Description 1: 456 BURNT GIN RD NO PLAT FM KAHL PROP LLC $118000

Neighborhood

  • School District Name: Cherokee County School District
  • School Tax School District: C
  • Census Tract: 970601

Geography

  • Account Number: 021793-23-3
  • District: 29
  • Parcel: 086-00-00-049.000
  • Latitude: 35
  • Longitude: -81.6624

    Address

  • Full Address: 456 Burnt Gin Rd
  • Address - House Number: 456
  • Address - Street Name: Burnt Gin
  • Address - Suffix Type: Rd
  • State: SC
  • City Name: Gaffney
  • Carrier Code: R011
  • 4-Digit Zip Code: 5508
  • Zip Code: 29340

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $211,446
  • Tax Rate Code Area: 29

    Appraisal Valuation

  • Standard Deviation: 0.4582
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 8
  • Final Value: 1,066,299
  • High Value: 1,554,956
  • Low Value: 577,641

    Market Valuation

  • Market Total Value: $108,800
  • Market Land Value: $10,000
  • Market Improvement Value: $98,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,530
  • Assessed Land Value: $600
  • Assessed Improvements Value: $5,930

    Sales

  • Current Sale Contract Date: Jan 19, 2022
  • Current Sale Recording Date: Jan 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 385
  • Previous Sale Recording Date: Jun 30, 2021
  • Previous Sale Amount: $30,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Cherokee

Stats & Trends

Median Asking:

$259,900

Sale Price/ft²

$169

Below Asking

0.03%

Average Days on Market

75

Average Home Size

1933 ft²

Average Home Age

32.1 years

Currently For Sale

36 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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CANOPYMLS

Listed by: Whitney Burch, Keller Williams South Park
Last Updated: 2 years ago
Data Source: CANOPYMLS, MLS# CAR4234025
Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Frequently Asked Questions

When was property at 456 Burnt Gin Road built and last sold?
The property at 456 Burnt Gin Road was built in and last sold on Jan 19, 2022 for $118,000.
How much is this home worth?
The estimated value of the home located at 456 Burnt Gin Road is $151,205.
What are some comparable homes to 456 Burnt Gin Road?
There are currently no comparable homes to 456 Burnt Gin Road.
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