534 Overlook Drive
About This Property
In the resort you will find 122+ miles of roads to explore on your ATV, 2 pools, private stocked lake, 2 tennis courts, basketball, fitness center, clubhouses, a chapel, 3 gated entries, security and a one of a kind private creek beach located at The Trout Lodge, a private venue rental for when you need more space to entertain. Owning in TRCR is a great reason to buy a boat and/or ATV! TRCR is perfectly situated within minutes to multiple hiking trails, rivers, biking trails, vineyards, orchards, shopping and so much more! Life is a little more laid back and quieter minutes from the tourist zone, come see what the 706 Life is about and why so many have made Talking Rock Creek Resort 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 |
|---|---|---|---|
| Feb 2, 2024 | Sold | ||
| Sold | |||
| Oct 6, 2023 | Listed by Century 21 Results | $475,000 | |
| Listed by Century 21 Results | |||
| Apr 2, 2023 | No longer available | - | |
| No longer available | |||
| Aug 22, 2022 | Listed by Results Realty Services | $549,000 | |
| Listed by Results Realty Services | |||
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This GORGEOUS, PRIVATE cabin sitting across from Carters Lake, with lake & mtn views in Carters Overlook is already on a rental program! The finished basement allows you to sleep many other guests or convert into office space. The private master is on the main and this home is already equipped with a hot tub. The home will come furnished and is turn key, if you're ready to make some extra money? This cul-de-sac home is the only home in the development, so you will have quite a bit of privacy. If you are looking for a full time home, this cabin will make a wonderful full time stay. There is plenty of yard space for a garden area, to build a garage if you choose/ or fence it in for your four legged friends! Although in Carters Overlook, you may still enjoy the amenities of Talking Rock Creek Resort, such as two pools, a creek beach, use of the Trout Lodge, tennis courts, the fitness center, trails and sooo much more! Having a perfect location across from Carters Lake on highway 136, minutes from I-75 you could easily find yourself in Chattanooga, Blue Ridge, Ellijay in no time. Come find out why life is a little slower in the 706 area code and why so many choose it to be home (or home away from home). Buyer/Buyer's agent responsible for verification of all information. The manager has listed the unit size as 1608 square feet.
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| May 3, 2007 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017