531 Nottingham Road
About This Property
Step inside and be greeted by a massive wall of vaulted glass windows, filling the home with natural light and framing serene views of the mountain valley and surrounding trees. The main level offers effortless living with an updated kitchen featuring leathered granite countertops, modern appliances, abundant cabinetry with two pantries, and a generous island that serves as the heart of the home. The two-story fireplace, accented by wood ceilings and floors, creates a warm focal point, while the dining area includes a built-in hutch and coffee bar. A powder room and full-size laundry are conveniently nearby, with just a few steps down to the parking area for groceries and luggage.
The spacious primary suite includes two closets (one walk-in) and a beautifully updated bathroom with a walk-in shower, water closet, and double sinks framed in granite.
Upstairs, enjoy the open loft with its breathtaking views, cozy seating areas, a second half bath, and two guest bedrooms connected by a Jack and Jill bath-complete with excellent walk-in closet storage.
The lower level offers versatile living space, currently styled as a large bedroom with en-suite bath, but easily adaptable as a media or game room. The oversized two-car garage includes plenty of space for a workshop, motorcycle, or side-by-side storage, while the flat driveway allows for safe, ample parking and easy turnaround.
Surrounded by a wooded setting with no homes in sight, this property offers both privacy and convenience. Located minutes from Maggie Valley's shops and dining, with quick access to Waynesville, Cherokee, the Great Smoky Mountains National Park, and the Blue Ridge Parkway. Asheville is just 35 minutes away, with the airport only 45 minutes via interstate.
Recent updates include a new heat pump (2021), roof (2022), exterior stain (2024), and water heater (2021). Built in 1998, this log cabin combines timeless craftsmanship with modern updates and an ideal location-making it the perfect mountain retreat, air BnB or full-time residence. Spectrum Cable internet and city water add to the convenience.
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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