49 Creekside Drive
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 |
|---|---|---|---|
| Nov 13, 2023 | Sold | ||
| Sold | |||
| Jul 29, 2023 | Listed by River Mountain Realty, LLC | $229,000 | |
| Listed by River Mountain Realty, LLC | |||
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NOW PRICED $21K UNDER RECENT APPRAISAL SO WE CAN CLOSE QUICKLY!!!
BACK ON MARKET DUE TO BUYER MAKING TOO MUCH MONEY TO QUALIFY FOR USDA LOAN!
THIS IS AN "AS IS" SALE. SELLER HAS LIMITED KNOWLEDGE OF HISTORY OF THE CONSTRUCTION...
ESCAPE TO THE MOUNTAINS of North Georgia while enjoying your VERY PRIVATE BUNGALOW ON NEARLY 4ACRES IN THE WOODS featuring a nature trail that leads down to a secluded spot where you can hear the gentle waters of YOUR BABBLING BROOK at the bottom of the hill that flows into JENNYS CREEK just off this property! THERE ARE SEVERAL OTHER GREAT BUILDING SITES TO BUILD A MUCH LARGER HOME AND USE THIS AS A GUEST HOUSE OR RENTAL!!!
BACK AT THE BUNGALOW watch the SUNSET OVER THE RIDGELINE VIEWS (that will be even more prominent as Autumn rolls in!) through WALLS OF WINDOWS in the Living Room and the Study/2nd Bedroom. A Cozy Kitchen with Granite Galore makes your quaint castle hyper-functional for your personal home OR home away from home OR...since there are NO HOA RENT RESTRICTIONS(THERE IS NO HOA!!!) you can let your imagination run wild with INVESTMENT PROPERTY POSSIBILITIES(Short Term/Long Term RENTALS)! Since the property had been used as a retreat, the HUGE BATHROOM has both a WHIRLPOOL tub and stand alone tile shower and next to the bathroom is a working SAUNA!!!
ONE MORE EXTRA ADDED ATTRACTION is the ADJOINING SHOP WITH another almost finished living/sleeping/studio/office area!
A LARGE CIRCLE DRIVE makes driving into and out of the property fun and easy! EASY ACCESS TO ALL OF NORTH GEORGIA WINERIES AND CLEVELAND, HELEN, SAUTEE NACOOCHEE, DAHLONEGA, and GAINESVILLE!
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| Apr 1, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017