$2,900,000
●
Land -
For Sale
942 Paint Fork Road
Mars Hill, NC 28754
Studio
0 Bath
$14,240
Est. Monthly
About This Property
Will make an amazing family compound, event venue, high-end
mountain development, or equestrian estate. Multiple income
generating opportunities. Modern farmhouse on the property is 1365
square feet. Open floor plan with 2 bedrooms/ 1 bath and large
attached storage area. Many high-end custom upgrades including;
reclaimed beams, subway tile in the bathroom, floating shelves in
the kitchen, ship lap walls, timber mantel, can lighting
throughout, quartz countertops, reclaimed barnwood accent walls and
ceilings, oversized island, large custom barn doors, 10' tall
interior ceilings, custom built cedar shutters, galvalume metal
roof, large attached mechanical/ storage area, septic system, well,
and whole home water filtration system.
Unit Size
-
Days on Market
-
Land Size
52.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1950
Listed By
Craig Tribus
Beycome Brokerage Realty LLC
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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: 10 months ago (CANOPYMLS #CAR4259189)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 15, 2025 | Listed by Beycome Brokerage Realty LLC | $2,900,000 | |
| Listed by Beycome Brokerage Realty LLC | |||
| Jul 23, 2024 | Listed | $3,650,000 | |
| Listed | |||
| | |||
|
Will make an amazing family compound, event venue, high-end mountain development, or equestrian estate. Multiple income generating opportunities. Modern farmhouse on the property is 1365 square feet. Open floor plan with 2 bedrooms/ 1 bath and large attached storage area. Many high-end custom upgrades including; reclaimed beams, subway tile in the bathroom, floating shelves in the kitchen, ship lap walls, timber mantel, can lighting throughout, quartz countertops, reclaimed barnwood accent walls and ceilings, oversized island, large custom barn doors, 10' tall interior ceilings, custom built cedar shutters, galvalume metal roof, large attached mechanical/ storage area, septic system, well, and whole home water filtration system.
| |||
| Apr 30, 2018 | Sold | ||
| Sold | |||
| Mar 22, 2011 | Sold | ||
| Sold | |||
Property Highlights
Exterior Details
Lot Size Area: 52
Lot Size Units: Acres
Lot Size Acres: 52
Lot Size Square Feet: 2265120
Water Source: Well
Financial Details
Tax Assessed Value: $332,024
Utilities Details
Sewer : Private Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About Madison
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Listed by: Craig Tribus, Beycome Brokerage Realty LLC
Last Updated: 10 months ago
Data Source: CANOPYMLS, MLS# CAR4259189
Last Updated: 10 months ago
Data Source: CANOPYMLS, MLS# CAR4259189
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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