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Sevierville 37862
1140 Middle Ridge Road
Photo of 1140 Middle Ridge Road
Sold on Mar 7, 2016

1

Map

$141,000
● House - Off Market

1140 Middle Ridge Road

Sevierville, TN 37862
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,540 Ft²
$260,908
RealtyHop Estimate
74.05%
Since Apr 1, 2016
National-US
Primary Model

About This Property

2 Bonus rooms, additional bathroom and separate entrance in basement of this beautiful basement ranch home almost within walking distance of Parkway and the Mall. Private dead end street just minutes drive to Sevierville or Pigeon Forge off Veterans. Basement could be separate apartment and has been rented in the past for ~$400 per month or just use it as an overflow for visitors. Fresh paint in most rooms, huge deck off rear of home and private yard. Tiled counter top in kitchen and all appliances stay. New field lines for septic, new roof in 2014. Decks all have new stain and home has been well maintained.
Unit Size
1,540 Ft²
Days on Market
-
Land Size
-
Price per sqft
$97
Property Type
House
Property Taxes
$46
HOA Dues
-
Year Built
1983

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Cap Rate Calculator

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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.

Last updated: 2 months ago (Realtracs #RTC3569739)

Price History

Date / Event Date Event Price
Mar 7, 2016 Sold
Premium
Sold
Apr 8, 2015 Listed by New Creation Real Estate $149,900
Listed by New Creation Real Estate

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 6
  • Building Quality: 6
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 25
  • Interior Walls Type: 18
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,227,200
  • Lot Size Depth Feet: 2,070
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 1,920
  • Gross Building Area: 1,920
  • Building Area: 1,920
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 4
  • Heating: 24
  • Heated Square Feet: 1,920
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MIDDLE RIDGE
  • Land Acres: 0000120000
  • Standard Land Use Code: 1001
  • County Land Use Code: 51
  • State Land Use Code: C00
  • Legal Description 1: MIDDLE RIDGE PB NR LOT 11 150.31X208.61 IRR

Neighborhood

  • School District Name: Sevier County School District
  • School Tax School District: 78653
  • Census Tract: 080803

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 073A
  • District: 05
  • Parcel: 073A-A-011.00
  • Lot: 11
  • Municipality: SEVIERVILLE
  • Latitude: 35.8387
  • Longitude: -83.5419

    Address

  • Full Address: 1140 Middle Ridge Rd
  • Address - House Number: 1140
  • Address - Street Name: Middle Ridge
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R036
  • 4-Digit Zip Code: 2959
  • Zip Code: 37862

Valuation

    Tax

  • Total Area: 960
  • Tax Year: 2023
  • Tax Amount: $118,600
  • Tax Rate Code Area: 78A04

    Appraisal Valuation

  • Standard Deviation: 0.2673
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 61
  • Final Value: 328,947
  • High Value: 416,883
  • Low Value: 241,010

    Market Valuation

  • Market Total Value: $160,200
  • Market Land Value: $32,400
  • Market Improvement Value: $127,800

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $40,050
  • Assessed Land Value: $8,100
  • Assessed Improvements Value: $31,950

    Sales

  • Current Sale Contract Date: Mar 04, 2016
  • Current Sale Recording Date: Mar 09, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 16010644
  • Previous Sale Recording Date: Jun 08, 2009
  • Previous Sale Amount: $139,900
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Sevierville

Stats & Trends

Median Asking:

$409,900

Sale Price/ft²

$266

Below Asking

0.01%

Average Days on Market

97

Average Home Size

1903 ft²

Average Home Age

28.4 years

Currently For Sale

194 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Realtracs

Listed by: MELANIE SIMS, New Creation Real Estate
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3569739
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 1140 Middle Ridge Road built and last sold?
The property at 1140 Middle Ridge Road was built in 1983 and last sold on Mar 4, 2016 for $141,000.
How much is this home worth?
The estimated value of the home located at 1140 Middle Ridge Road is $165,148.
What are some comparable homes to 1140 Middle Ridge Road?
There are currently no comparable homes to 1140 Middle Ridge Road.
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