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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

245 Chapel Dr Lake Junaluska, NC 28745

3 Beds 3 Baths 2,086 sqft Built 1962
Last updated:  Jan 23, 2020

INVESTimate

$709,807

$665K - $755K

Price Est.

$1,606

$1.4K - $1.8K

Rent Est.

$726,629  ( +2.37%)   1 YR EST. FORECAST
  
  
  

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245 Chapel Dr PROPERTY INFO

FACTS
  • Built In 1962
  • Price/Sqft : $340.27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,086 sqft
  • Baths : 3 Full

245 Chapel Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
JUNALUSKA ELEMENTARY SCHOOL Primary Regular 349 28 9
WAYNESVILLE MIDDLE SCHOOL Middle Regular 953 58 7
TUSCOLA HIGH SCHOOL High Regular 1,020 71 5

JUNALUSKA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 349
  • # of teachers: 28
9
GreatSchools Rating

WAYNESVILLE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 953
  • # of teachers: 58
7
GreatSchools Rating

TUSCOLA HIGH SCHOOL

  • Education Level: High
  • # of students: 1,020
  • # of teachers: 71
5
GreatSchools Rating
 

Financial Details

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Neighborhood

LAKE JUNALUSKA

  • 639

    POPULATION
  • 298

    HOUSEHOLDS
  • 55.4%

    WHITE COLLAR

Neighborhood : LAKE JUNALUSKA

HOUSEHOLDS
298
POPULATION

639

25.4%Renters
74.6%Home Owners
LABOR FORCE

 

55.4%White Collar
44.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 13% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,606 per month.

MY RENT : $1,606 MEDIAN RENT : $1,172

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 5.4%
$900-999 23.2%
$1,000-1,499 58.2%
>=$1,500 13.2%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,606 would therefore be considered affordable for annual household incomes greater than $64,240 (12 months x 3.333 x $1,606).

Rent % Affordability
Above $500 96.7%
Above $700 85.1%
Above $1,100 53.8%
Above $1,500 46.8%
Above $1,900 33.9%
HOUSEHOLD INCOME RANGE

Approximately 104 of households in this neighborhood have a total annual income of $64,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,606 per month.

MINIMUM INCOME RANGE : $64,240

Income % Distribution
<$20K 3.3%
$20K-$35K 37.8%
$35K-$60K 12.0%
$60K-$100K 18.7%
>=$100K 28.1%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 39% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.1%
5-9 mins 24.3%
10-14 mins 6.2%
15-19 mins 18.0%
20-29 mins 5.9%
30-44 mins 34.2%
45-59 mins 1.1%
>60 mins 2.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 13% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,606 per month.

MY RENT : $1,606 MEDIAN RENT : $1,172

Rent % Distribution
$500-699 0.0%
$700-899 5.4%
$900-999 23.2%
$1,000-1,499 58.2%
>=$1,500 13.2%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,606 would therefore be considered affordable for annual household incomes greater than $64,240 (12 months x 3.333 x $1,606).

Rent % Affordability
Above $500 96.7%
Above $700 85.1%
Above $1,100 53.8%
Above $1,500 46.8%
Above $1,900 33.9%
HOUSEHOLD INCOME RANGE

Approximately 104 of households in this neighborhood have a total annual income of $64,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,606 per month.

MINIMUM INCOME RANGE : $64,240

Income % Distribution
<$20K 3.3%
$20K-$35K 37.8%
$35K-$60K 12.0%
$60K-$100K 18.7%
>=$100K 28.1%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 39% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.1%
5-9 mins 24.3%
10-14 mins 6.2%
15-19 mins 18.0%
20-29 mins 5.9%
30-44 mins 34.2%
45-59 mins 1.1%
>60 mins 2.2%

LAKE JUNALUSKA Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.3%
Educational Services 14.4%
Health Care & Social Assistance 21.4%
Manufacturing 15.9%
Public Administration 6.3%
Retail & Wholesale Trader 10.7%
Other 21.0%
AGE DISTRIBUTION

47% of the population is between the ages of 25 and 64, 24% is 24 or younger and 29% is 65 or older.

Age % Distribution
<15 19.2%
15-19 3.0%
20-24 2.0%
25-44 21.6%
45-65 25.5%
66+ 28.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.2%
Healthcare 11.1%
Legal 13.3%
PCare 6.7%
Production & Transportation 22.8%
Sales & Office 28.9%
Other 10.0%
HIGHEST EDUCATION LEVEL

41% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 14.6%
High School 23.2%
Masters Degree 16.9%
Professional 6.8%
Some College 11.0%
Other 27.4%

245 Chapel Dr Comps

Sorry, we do not have sufficient data available.

245 Chapel Dr, Lake Junaluska, NC 28745 is a single family home of 2,086 sqft. HomeUnion INVESTimateĀ® for 245 Chapel Dr includes a Price Estimate of $709,807 and a Rent Estimate of $1,606. This single family home has 3 bedrooms,3 bathrooms, and was built in 1962. This property has an estimated 15 year annualized Yield of 2.72% and Total Return of 6.09%. The estimated 1 year forecast in home value for 245 Chapel Dr is 2.37%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , HAYWOOD County , or the 28745 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 28786
  2. 28785
  3. 28716
  4. 28751
  5. 28721