497 Wedgewood Drive
About This Property
Heart of the home is the great room where a floor-to-ceiling stacked stone fireplace and cathedral ceiling create a warm and inviting gathering space. Gorgeous hardwood floors on main level enhance the home's mountain charm. The renovated kitchen and beautifully updated primary bath offer modern touches while maintaining a cozy, lodge-like feel.
This spacious residence features three bedrooms, two-and-a-half bathrooms, an office, bonus/flex room, plenty of storage, and a two car garage and parking pad for easy turnaround space. The primary suite is located on the main level, providing comfortable one level living while two additional guest bedrooms, loft, and bonus/flex room are situated upstairs for added privacy.
Downstairs, the terrace level includes a second fireplace, a spacious family room, an office, plus a generous storage space. There is also a large unfinished area where additional bedrooms/bathrooms could be added.
From the landscaped backyard a gentle slope leads to the fifth tee of the Cherokee Golf Course and scenic Big Canoe green space. Located near the North Gate this home provides convenient access in and out of the community. The Wedgewood neighborhood is known for its walkability and friendly residents, making it one of Big Canoe's most welcoming enclaves.
Big Canoe is a private, gated residential mountain community offering resort style amenities, nestled at the foothills of the North Georgia mountains, yet conveniently located within an hour of Atlanta. Buyer to verify all information and dimensions deemed important.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017