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    14 Lila Ln Clyde, NC 28721

    View on Map
    Sponsored
    For Sale
    $250,000

    MULTI_FAMILY - Cottage - Clyde, NC

    Days on Market:
    6
    Last Refresh:
    Mar 16 at 10:06 pm

    Property Features for 14 Lila Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Insulated Windows, Storm Window(s)
    Zoning
    OU
    Rooms
    Laundry Room, Bathroom 3, Basement, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2
    Bedrooms
    2
    APN
    8751-18-7115-C002A
    Parking features
    Driveway
    Pets allowed
    Yes
    Interior features
    Open Floorplan
    Fireplace
    1
    Basement
    Apartment
    Appliances
    Electric Cooktop, Refrigerator

    Utilities

    Sewer type
    Shared Septic
    Heating system
    Propane (Heating), Ductless (Heating)
    Cooling system
    Ductless
    Water source
    Well

    Building Details

    Year built
    2012
    Floors in Building
    3
    Number of units
    3
    Flooring type
    Laminate
    Building materials
    Wood
    Roof type
    Shingle
    Architectural style
    Cottage

    We can help!

    Listing Contact
    Danielle Fontenot

    Keller Williams Professionals (828) 254-7253

    Listing agent Danielle Fontenot (504) 975-9707

    Listing date Mar 11, 2026

    MLS# 4353796 Listing URL

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Versatile Cottage-Style Condo with Mountain Views

    Located in the gated community of Mount Soma, this cottage-style condo at 14 Lila Lane in Clyde, NC, offers mountain views and a versatile living space. The three-level condo is designed for flexibility, with each level functioning as a separate living quarter. The upper level features a studio layout with a kitchenette, dining and living area, sleeping space, a full bath, and a private deck with mountain views. The main level offers a similar studio-style design with a kitchenette, full bath, and living/dining/sleeping areas, along with its own private deck. The lower level, with a separate exterior entrance, includes a full kitchen, living/dining area, a private bedroom, and a full bath. The main and upper levels could be combined into a two-story residence. The property has been utilized as both a short- and long-term rental. Community amenities include mountain views, outdoor gathering spaces, and walking trails. It is located 30 minutes from Waynesville and 15-20 minutes from I-40, providing access to Asheville.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Arcade & Gaming Center (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clyde
    County
    Haywood
    State
    North Carolina
    Longitude
    -82.959544
    Latitude
    35.656873

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    FAQs

    What type of property is this?
    Triplex - Three-level condo ideal for living, retreat, or investment.
    Where is this triplex located?
    The property is located at 14 Lila Ln Clyde, NC.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Versatile 3-level condo ideal for multigenerational living, a private retreat, or income-producing investment.; - Located in the gated community of Mount Soma, near the Vedic Temple of North Carolina, offering a peaceful, spiritually vibrant setting with mountain views.; - Each level functions as a separate living quarters with kitchenettes/full kitchens and full baths, providing flexibility for rental or guest accommodations.
    (504) 975-9707
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    14 Lila Ln Clyde, NC 28721
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14 Lila Ln Clyde, NC 28721
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    Listing Contact
    Danielle Fontenot
    (504) 975-9707
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