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Jackson 28723
811 Catnip Road
$507,000
● House - Off Market

811 Catnip Road

Cullowhee, NC 28723
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,856 Ft²
$2,646
Est. Monthly
$43
HOA / Fees
3.98%
Cap Rate

About This Property

A RARE find in the rugged Smoky Mountains of Cullowhee – a "D" log cabin on 8.42 rolling acres, springs popping up, breathtaking mountain views, a metal roof, a spacious kitchen, an over-sized great room featuring an amazing custom fireplace, log stairs, premium windows, a front porch, a front Juliette balcony, and a back deck, a basement garage, RV parking, and a large workshop with an electric hoist. Cross Creek Est. has a 17-acre preserve. This rare gem is perfect for relaxing, big breakfasts, roasting marshmallows, and exploring!
Unit Size
1,856 Ft²
Days on Market
-
Land Size
8.42 acres
Price per sqft
$286
Property Type
House
Property Taxes
-
HOA Dues
$43
Year Built
1999

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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: 2 years ago (CANOPYMLS #CAR4164353)

Price History

Date / Event Date Event Price
Nov 20, 2024 Sold
Premium
Sold
Sep 18, 2024 In contract -
In contract
Jul 24, 2024 Listed by Allen Tate/Beverly-Hanks Waynesville $530,000
Listed by Allen Tate/Beverly-Hanks Waynesville

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 5
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 9
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 5
  • Floor Count: 150
  • Floor Cover: 13
  • Basement Type: 6
  • Basement Area: 384
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 144,619
  • Total Building Area: 1,840
  • Building Area: 1,840
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 8
  • Heated Square Feet: 1,840
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003320
  • Standard Land Use Code: 1001
  • County Land Use Code: R01
  • Legal Description 1: LT 21 CROSS CK EST

Neighborhood

  • School District Name: Jackson County Schools
  • Census Tract: 950700

Geography

  • Assessors Map Reference: MAP 7579.00
  • Account Number: 87104
  • Parcel: 7579-62-9779
  • Lot: 21
  • Municipality: CANEY FORK
  • Latitude: 35.3095
  • Longitude: -83.1006

    Address

  • Full Address: 811 Catnip Rd
  • Address - House Number: 811
  • Address - Street Name: Catnip
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Cullowhee
  • Carrier Code: H067
  • 4-Digit Zip Code: 7111
  • Zip Code: 28723

Valuation

    Tax

  • Tax Year: 2018
  • Tax Amount: $0

    Appraisal Valuation

  • Standard Deviation: 0.3094
  • Valuation Date: Jul 17, 2019
  • Confidence Score: 61
  • Final Value: 210,408
  • High Value: 275,524
  • Low Value: 145,292

    Assessments Valuation

  • Assessed Year: 2017
  • Assessed Total Value: $215,080
  • Assessed Land Value: $45,180
  • Assessed Improvements Value: $169,900
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 Jackson

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$255

Below Asking

0.04%

Average Days on Market

98

Average Home Size

2121 ft²

Average Home Age

29.5 years

Currently For Sale

130 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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CANOPYMLS

Listed by: Marti Walker, Allen Tate/Beverly-Hanks Waynesville
Last Updated: 2 years ago
Data Source: CANOPYMLS, MLS# CAR4164353
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.

Frequently Asked Questions

When was property at 811 Catnip Road built and last sold?
The property at 811 Catnip Road was built in 1999 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 811 Catnip Road is $535,571.
What are some comparable homes to 811 Catnip Road?
There are currently no comparable homes to 811 Catnip Road.
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