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Grainger 37708
499 Chilhowee Lane
Photo of 499 Chilhowee Lane
Sold on Dec 1, 2022

41

Map

Photo of 499 Chilhowee Lane
Photo of 499 Chilhowee Lane
$980,000
● House - Off Market

499 Chilhowee Lane

Bean Station, TN 37708
bedrooms
4 Beds
bathrooms
3 Baths
square feet
4,652 Ft²
$1,273,064
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Beautiful Lake Front Lake House located on Cherokee Lake with breathtaking lake views. This gorgeous home has all the amenities. It has 4 bedrooms, 3 full bathrooms, a beautiful kitchen for all of your needs, the large dining room has wonderful views of the water, a large back deck perfect for large group entertainment. The down level has endless possibilities. An easy walk down the backyard to your own personal dock. Come see this beautifully constructed lake front home that is one of a kind.
Unit Size
4,652 Ft²
Days on Market
-
Land Size
1.20 acres
Price per sqft
$258
Property Type
House
Property Taxes
$202
HOA Dues
-
Year Built
2017

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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: 7 days ago (Realtracs #RTC3613832)

Price History

Date / Event Date Event Price
Dec 1, 2022 Sold
Premium
Sold
Sep 19, 2022 Listed by King Real Estate Services, Inc. $1,200,000
Listed by King Real Estate Services, Inc.

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 24
  • Basement Type: 2
  • Basement Area: 1,964
  • Garage Type: 25
  • Garage Square Area: 634
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 52,272
  • Total Building Area: 1,906
  • Building Area: 1,906
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,906
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GERMAN CREEK CABIN SITE
  • Land Acres: 0000001200
  • Standard Land Use Code: 1001
  • County Land Use Code: 03

Neighborhood

  • School District Name: Grainger County School District
  • Census Tract: 500402

Geography

  • Assessors Map Reference: 052D
  • District: 02
  • Parcel: 029052D B 00601
  • Lot: 6A
  • Latitude: 36.2965
  • Longitude: -83.3387

    Address

  • Full Address: 499 Chilhowee Ln
  • Address - House Number: 499
  • Address - Street Name: Chilhowee
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Bean Station
  • Carrier Code: R001
  • 4-Digit Zip Code: 6732
  • Zip Code: 37708

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $247,700
  • Tax Rate Code Area: 29A00

    Appraisal Valuation

  • Standard Deviation: 0.1944
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 74
  • Final Value: 1,016,933
  • High Value: 1,214,707
  • Low Value: 819,159

    Market Valuation

  • Market Total Value: $421,600
  • Market Land Value: $87,000
  • Market Improvement Value: $334,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $105,400
  • Assessed Land Value: $21,750
  • Assessed Improvements Value: $83,650

    Sales

  • Current Sale Contract Date: Dec 01, 2022
  • Current Sale Recording Date: Dec 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4238
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 Grainger

Stats & Trends

Median Asking:

$389,945

Sale Price/ft²

$235

Below Asking

0.01%

Average Days on Market

91

Average Home Size

1557 ft²

Average Home Age

22.1 years

Currently For Sale

82 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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Realtracs

Listed by: Dustin Humphrey, King Real Estate Services, Inc.
Last Updated: 7 days ago
Data Source: Realtracs, MLS# RTC3613832
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 499 Chilhowee Lane built and last sold?
The property at 499 Chilhowee Lane was built in 2017 and last sold on Dec 1, 2022 for $980,000.
How much is this home worth?
The estimated value of the home located at 499 Chilhowee Lane is $1,197,644.
What are some comparable homes to 499 Chilhowee Lane?
There are currently no comparable homes to 499 Chilhowee Lane.
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