$875,000
●
House -
Off Market
87 Jackson Ridge Lane #4
Mill Spring, NC 28756
3 Beds
3 Baths,
1
Half Bath
1,789 Ft²
$4,758
Est. Monthly
$310
HOA / Fees
2.21%
Cap Rate
About This Property
Here is your chance to own one of the new Bright's Creek Luxury
Cottages. There are only 7 sites available offering mountain and
golf course views(site dependent). This exciting new neighborhood
is located near the amenity center. Cottage features an open
concept, vaulted ceilings, Approx 400SF of outdoor living
space(144SF covered). 3BR & 4BR(FROG) models available. Bright's
Creek is a beautiful development with paved roads, fiber optic,
water, sewer, & natural gas. Community offers 24 hour staffed
greeters cottage, Equestrian Center, & scenic walking trails
including a waterfall trail. Membership included to Bright's Creek
Club offers a 19 hole Tom Fazio championship golf course,
tennis/pickleball, and mountain lodge with restaurant and bar. New
Amenity area features an outdoor heated saline pool, two lane
bowling, fitness center, casual dining, and many beautiful
gathering spaces with a huge stone fireplace and full bar.
Unit Size
1,789 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$506
Property Type
House
Property Taxes
-
HOA Dues
$310
Year Built
-
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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: 3 years ago (CANOPYMLS #CAR4014876)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 23, 2024 | Sold | ||
| Sold | |||
| Sep 19, 2024 | In contract | - | |
| In contract | |||
| Mar 22, 2023 | Listed by Allen Tate/Beverly-Hanks Hendersonville | $905,625 | |
| Listed by Allen Tate/Beverly-Hanks Hendersonville | |||
Property Highlights
Fireplace
Parking Details
Has Garage
Parking Features: Attached Garage
Garage Spaces: 2
Interior Details
Bedrooms: 3
Bathrooms: 3
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Kitchen Island, Open Floorplan, Vaulted Ceiling(s), Walk-In Closet(s)
Appliances: Dishwasher, Electric Range, Gas Range, Microwave, Refrigerator, Tankless Water Heater
Flooring Type: Tile, Wood
Has Fireplace
Fireplace Features: Gas, Living Room
Basement: Other
Exterior Details
Parcel Number: P29-529
Architectual Style: Cottage
Property Type: Residential
Property Sub Type: Single Family Residence
Road Responsibility: Private Maintained Road
Year Built: 2024
Levels: One
Construction Methods: Hardboard Siding, Stone
Roof: Shingle
Special Conditions: None
Pool Features: Outdoor Pool – Community
Lot Features: Views
Water Source: Community Well
Utilities Details
Cooling: Heat Pump
Heating: Heat Pump
Sewer : Public Sewer
Location Details
Directions: Use 2222 Palmer Rd, Mill Spring in your GPS. This will take you to the Greeters Cottage/gate where you will receive further instructions.
County or Parish: Polk
Elementary School: Polk Central
Middle Or Junior School: Polk
High School: Polk
Other Details
Association Fee: $931
Association Fee Freq: 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 |
|---|---|---|---|---|---|---|---|
|
05/28/2025
| |
4 Bed
|
3 Bath
|
2069 ft²
|
$989,000
4 Bed
3 Bath
2069 ft²
|
$900,000
-9.00%
08/19/2025
|
JJ Murphy
Allen Tate/Beverly-Hanks Hendersonville
|
|
03/22/2023
|
3 Bed
|
3 Bath
|
1789 ft²
|
$905,625
3 Bed
3 Bath
1789 ft²
|
$875,000
-3.38%
10/23/2024
|
JJ Murphy
Allen Tate/Beverly-Hanks Hendersonville
|
Building Info
About Polk
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Listed by: JJ Murphy, Allen Tate/Beverly-Hanks Hendersonville
Last Updated: 3 years ago
Data Source: CANOPYMLS, MLS# CAR4014876
Last Updated: 3 years ago
Data Source: CANOPYMLS, MLS# CAR4014876
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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