Sunset Trace Trail #12
About This Property
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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 |
|---|---|---|---|
| Aug 5, 2022 | No longer available | - | |
| No longer available | |||
| Jul 16, 2022 | In contract | - | |
| In contract | |||
| Jun 16, 2022 | Listed | $37,500 | |
| Listed | |||
| Jun 12, 2022 | No longer available | - | |
| No longer available | |||
| Sep 29, 2021 | Listed | $37,500 | |
| Listed | |||
| | |||
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Ready for tranquilty where you can rub elbows with nature and wildlife? Peaceful, Private setting with 3 Tracts totaling 3.52 +/- Acres in the gorgeous Burningtown Community. Well maintained Gravel Road for easy access. Driveway and partial building site is prepared. Sensible Protective Covenants to insure your investment. 700 Square Feet Minimum to Build. Stick built on site homes only. No mobiles, tiny homes, modulars. You may park an RV and live in it while building. Construction must be completed within one year. No formal HOA., only Road Maintenance Agreement is in place and fees collected on an "as needed" basis. Good Cell Service Coverage. This area is a haven for those who love the outdoors! Fishing, Hiking, Kayaking, Rafting and so much more. A fun time is had by all while Gem Mining and Finding Earth's Treasures. There are several Gem Mines within 10 minutes of this property. The Great Smoky Mountain National Park and Harrah's Casino is a short 40 minute drive. Time to leave the city life behind and build your dream home in the mountains!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/21/2023
|
Loft
|
-
|
-
|
$39,900
Loft
-
|
-
-
|
Michael Peak
Keller Williams Realty of Franklin
| |
|
09/21/2023
|
Loft
|
-
|
-
|
$59,900
Loft
-
|
-
-
|
Michael Peak
Keller Williams Realty of Franklin
| |
|
08/19/2023
|
Loft
|
-
|
-
|
$25,000
Loft
-
|
-
-
|
Sheila Myers
Keller Williams Realty of Franklin
| |
|
06/16/2022
|
Loft
|
-
|
-
|
$37,500
Loft
-
|
-
-
|
Kathy Clifton
Bald Head Realty
| |
|
01/11/2022
|
Loft
|
-
|
-
|
$44,900
Loft
-
|
-
-
|
Anderson Ernst
RE/MAX Elite Realty
| |
|
09/29/2021
|
Loft
|
-
|
-
|
$37,500
Loft
-
|
-
-
|
Kathy Clifton
Bald Head Realty
| |
|
07/11/2020
| |
Loft
|
-
|
-
|
$37,000
Loft
-
|
-
-
|
-
|
|
09/05/2018
| |
Studio
|
-
|
-
|
-
Studio
-
|
-
-
|
-
|
|
07/29/2017
| |
2 Bed
|
2 Bath
|
1575 ft²
|
$190,000
2 Bed
2 Bath
1575 ft²
|
$190,000
10/26/2017
|
Robert H. Dunham
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017