495 Carnation Way
About This Property
Step inside, and you'll find a home that has been lovingly cared for. The natural light spills across the living room, highlighting the warm finishes and thoughtful touches that make this space so inviting. The kitchen is the heart of the home, perfect for slow mornings with coffee as the mountains wake up in the distance.
With three cozy bedrooms and a well-maintained bath, this home offers comfort and simplicity, ideal for full-time living or a quiet getaway. The full unfinished basement adds even more potential, whether you envision extra living space, a workshop, or simple, organized storage.
Outside, the beauty of East Tennessee takes center stage. A spacious yard gives you room to garden, relax, or simply sit and breathe in the view. Whether it's a golden sunset washing over the mountains or the mist rising through the valleys at dawn, this home captures the magic of mountain living.
With its carport for convenience, beautifully maintained condition, and a setting that feels worlds away yet just minutes to town, 495 Carnation Way isn't just a house. It's a place to slow down, settle in, and truly feel at home.
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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 |
|---|---|---|---|
| May 1, 2026 | Sold | ||
| Sold | |||
| Mar 24, 2026 | In contract | - | |
| In contract | |||
| Nov 7, 2025 | Listed by Century 21 Legacy | $224,000 | |
| Listed by Century 21 Legacy | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017