$924,630
●
Condo -
For Sale
198 Ramblestone Terrace #203
Boone, NC 28607
2 Beds
2 Baths
1,258 Ft²
$8,783
Est. Monthly
$4,242
HOA / Fees
-3.47%
Cap Rate
About This Property
Welcome to Craig 203 - Mountain Living at It's finest! Located at
198 Ramblestone Terrace in the heart of Watson Gap Village, Craig
203 offers a rare combination of breathtaking mountain views, smart
design, and effortless access to the premier amenities and outdoor
adventures of Blue Ridge Mountain Club. This thoughtfully designed
floor plan showcases an open-concept kitchen, dining, and great
room anchored by a stunning stone fireplace - the perfect setting
for gathering with family and friends. Step onto the expansive back
porch, complete with a built-in grilling kitchen, and enjoy
seamless indoor/outdoor living and stunning mountain views all year
long. Expertly furnished and move-in ready, this home includes
modern conveniences like a lobby elevator, a stylish communal
lounge, and covered parking - all designed for a low-maintenance,
lock-and-leave lifestyle. This condo is offered fully furnished
with a short list of exclusions. Craig 203 invites you to relax and
soak in the beauty of the Blue Ridge Mountains!
Unit Size
1,258 Ft²
Days on Market
-
Land Size
-
Price per sqft
$735
Property Type
Condo
Property Taxes
-
HOA Dues
$4,242
Year Built
1963
Listed By
Tracy Kiehl
The Lear Group Real Estate
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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: 5 months ago (CANOPYMLS #CAR4310006)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 19, 2026 | Listed by RE/MAX Realty Group | $924,630 | |
| Listed by RE/MAX Realty Group | |||
Property Highlights
Air Conditioning
Fireplace
Parking Details
Has Carport
Has Open Parking
Parking Features: Parking Lot, Parking Space(s)
Open Parking Spaces: 1
Interior Details
Full Bathrooms: 2
Appliances: Dishwasher, Electric Oven, Electric Water Heater, Exhaust Fan, Gas Cooktop, Microwave, Refrigerator, Washer/Dryer, Exhaust Hood
Flooring Type: Wood
Door Features: Sliding Doors, Pocket Doors
Laundry Features: In Unit
Has Fireplace
Fireplace Features: Living Room, Propane, Gas Vented
Exterior Details
Has Property Attached
Square Footage: 1258
Year Built: 2016
Levels: One
Construction Materials: Stone, Wood Siding, Hardboard Siding
Patio and Porch Features: Covered, Deck, Front Porch, Rear Porch, Balcony
Water Source: Community Well
Financial Details
Tax Assessed Value: $469,800
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Electric, Heat Pump
Sewer : Other - See Remarks
Location Details
HOA Fee: $2,507
HOA Fee Frequency: Quarterly
Condo/Coop Fee: $1,735
Condo/Coop Fee Frequency: Quarterly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/24/2022
| |
Loft
|
-
|
-
|
$199,000
Loft
-
|
-
-
|
Dallas Handy
Realty One Group Results-Boone
|
|
01/18/2021
| |
Loft
|
-
|
-
|
$99,000
Loft
-
|
-
-
|
-
|
|
05/12/2020
|
2 Bed
|
2 Bath
|
1531 ft²
|
$499,000
2 Bed
2 Bath
1531 ft²
|
-
-
|
-
| |
|
11/20/2019
|
2 Bed
|
2 Bath
|
1453 ft²
|
$495,000
2 Bed
2 Bath
1453 ft²
|
-
-
|
-
| |
|
06/13/2019
|
2 Bed
|
2 Bath
|
1531 ft²
|
$494,900
2 Bed
2 Bath
1531 ft²
|
-
-
|
-
|
Building Info
About Boone
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Listed by: Tracy Kiehl, RE/MAX Realty Group
Last Updated: 5 months ago
Data Source: CANOPYMLS, MLS# CAR4310006
Last Updated: 5 months ago
Data Source: CANOPYMLS, MLS# CAR4310006
Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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