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Sevierville 37862
121 Franklin Drive
Photo of 121 Franklin Drive
Sold on Sep 24, 2024

33

Map

Photo of 121 Franklin Drive
Photo of 121 Franklin Drive
$280,000
● House - Off Market

121 Franklin Drive

Sevierville, TN 37862
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,392 Ft²
$1,564
Est. Monthly

About This Property

Conveniently located just minutes from downtown Sevierville in a quiet, friendly neighborhood, this home offers 2,392 square feet of comfortable living space with a large living room, 3 spacious bedrooms and 2 bathrooms upstairs, plus a third bathroom in the fully finished basement. Priced for quick sale, all offers considered. Owner financing available to those who qualify.
Unit Size
2,392 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$128
Property Type
House
Property Taxes
$66
HOA Dues
-
Year Built
1983

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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: 4 months ago (Realtracs #RTC3267721)

Price History

Date / Event Date Event Price
Sep 24, 2024 Sold
Premium
Sold
Jun 10, 2024 Listed by Mountain Home Realty $305,000
Listed by Mountain Home Realty

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1991
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 2
  • 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: 1,196
  • Garage Type: 3
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 129
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 91,476
  • Lot Size Depth Feet: 1,095
  • Lot Size Frontage Feet: 2,200
  • Total Building Area: 2,392
  • Gross Building Area: 2,599
  • Building Area: 1,196
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 1,196
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002100
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: C00
  • Legal Description 1: 220M X 109.48

Neighborhood

  • School District Name: Sevier County School District
  • School Tax School District: 78653
  • Census Tract: 080500

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 049A
  • District: 05
  • Parcel: 049A-A-025.00
  • Municipality: SEVIERVILLE
  • Latitude: 35.8824
  • Longitude: -83.5842

    Address

  • Full Address: 121 Franklin Dr
  • Address - House Number: 121
  • Address - Street Name: Franklin
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R013
  • 4-Digit Zip Code: 3111
  • Zip Code: 37862

Valuation

    Tax

  • Total Area: 1,196
  • Tax Year: 2023
  • Tax Amount: $35,400
  • Tax Rate Code Area: 78A04

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 437,665
  • High Value: 638,612
  • Low Value: 236,717

    Market Valuation

  • Market Total Value: $166,400
  • Market Land Value: $18,600
  • Market Improvement Value: $147,800

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $41,600
  • Assessed Land Value: $4,650
  • Assessed Improvements Value: $36,950
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: Dennis Brooks, Mountain Home Realty
Last Updated: 4 months ago
Data Source: Realtracs, MLS# RTC3267721
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 121 Franklin Drive built and last sold?
The property at 121 Franklin Drive was built in 1983 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 121 Franklin Drive is $326,566.
What are some comparable homes to 121 Franklin Drive?
There are currently no comparable homes to 121 Franklin Drive.
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