$26,000
●
Land -
Off Market
TBD Double Eagle Drive #24
Nebo, NC
Studio
0 Bath
$204
Est. Monthly
$56
HOA / Fees
About This Property
Hidden Lake is a gated log home community in the South Mountains of
Western North Carolina. While only 9 miles from I-40 and the
bustling towns of Marion and Morganton, Hidden Lake is a world
away. By entering the gates on the newly paved roads and
experiencing the fabulous mountain views one is captivated by the
serenity and peace. There is a community pool and jetted tub, a
fishing and paddling lake, hiking trails, and a creekside park on
Shoal Creek. This established community has many activities for
residents. Asheville, Black Mountain and Hickory are only a short
drive away. Both Marion and Morganton have medical facilities and
Hospitals as well as excellent schools. This lot is level and
gently sloping down to Shoal Creek and its rushing waters. Schedule
your visit today.
Unit Size
-
Days on Market
-
Land Size
3.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$56
Year Built
-
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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 #CAR4208364)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 31, 2025 | Sold | ||
| Sold | |||
| Jan 14, 2025 | In contract | - | |
| In contract | |||
| Dec 16, 2024 | Listed by Allen Tate/Beverly-Hanks, Lake Lure | $29,900 | |
| Listed by Allen Tate/Beverly-Hanks, Lake Lure | |||
Property Highlights
Exterior Details
Parcel Number: 1647-34-7631
Property Type: Land
Property Sub Type: Lot
Road Responsibility: Private Maintained Road
Special Conditions: None
Lot Features: Creek Front, Level, Private, Creek/Stream
Water Source: Well Needed
Utilities Details
Sewer : Septic Needed
Location Details
Directions: From !-40 take exit 86 and go South for 8 miles and take a right on Walker (Toney) Rd. Go 2 miles and the entrance to Hidden Lake will be on the right. Gate code is required. Please call listing agent with any questions or need of assistance in any way.
County or Parish: McDowell
Elementary School: Glenwood
Middle Or Junior School: McDowell
High School: McDowell
Other Details
Association Fee: $675
Association Fee Freq: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|
Similar Homes for Sale
Currently no similar homes around
Listed by: Margaret Edgerton, Allen Tate/Beverly-Hanks, Lake Lure
Last Updated: 2 years ago
Data Source: CANOPYMLS, MLS# CAR4208364
Last Updated: 2 years ago
Data Source: CANOPYMLS, MLS# CAR4208364
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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