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Sevier 37876
1241 OLD RED Lane
Photo of 1241 OLD RED Lane
Sold on Sep 6, 2022

39

Map

Photo of 1241 OLD RED Lane
Photo of 1241 OLD RED Lane
$375,000
● House - Off Market

1241 OLD RED Lane

Sevierville, TN 37876
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,692 Ft²
$395,111
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

COUNTRY LIVING AT ITS BEST! WELL KEPT HOME IS MOVE IN READY.....BIG COVERED FRONT PORCH, LIVING AREA WITH WOOD FLOORS, FORMAL DINING ROOM, SPACIOUS KITCHEN WITH BREAKFAST BAR, DEN / TV ROOM, MAIN BEDROOM / EN SUITE WITH WALK IN SHOWER AND WALK IN CLOSET, 2ND AND 3RD BEDROOMS AND 2ND BATH ARE THE SPLIT PLAN, LAUNDRY ROOM, 2 CAR GARAGE, COVERED / SCREENED BACK PORCH TO ENJOY THE SUNSETS, BIG PRIVATE BACKYARD, COVERED FRONT PORCH TO ENJOY SUNRISE AND THE HORSE FARM ACROSS THE WAY. PRICED TO SELL @ $379,900!
Unit Size
1,692 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$225
Property Type
House
Property Taxes
$63
HOA Dues
-
Year Built
2004

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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: 4 months ago (Realtracs #RTC3263627)

Price History

Date / Event Date Event Price
Sep 6, 2022 Sold
Premium
Sold
Jul 23, 2022 Listed by Linhart Realty Group d/b/a Remax Preferred Pigeon Forge $379,900
Listed by Linhart Realty Group d/b/a Remax Preferred Pigeon Forge
COUNTRY LIVING AT ITS BEST! WELL KEPT HOME IS MOVE IN READY.....BIG COVERED FRONT PORCH, LIVING AREA WITH WOOD FLOORS, FORMAL DINING ROOM, SPACIOUS KITCHEN WITH BREAKFAST BAR, DEN / TV ROOM, MAIN BEDROOM / EN SUITE WITH WALK IN SHOWER AND WALK IN CLOSET, 2ND AND 3RD BEDROOMS AND 2ND BATH ARE THE SPLIT PLAN, LAUNDRY ROOM, 2 CAR GARAGE, COVERED / SCREENED BACK PORCH TO ENJOY THE SUNSETS, BIG PRIVATE BACKYARD, COVERED FRONT PORCH TO ENJOY SUNRISE AND THE HORSE FARM ACROSS THE WAY. PRICED TO SELL @ $379,900!

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 25
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,087
  • Lot Size Depth Feet: 1,717
  • Lot Size Frontage Feet: 1,384
  • Total Building Area: 2,172
  • Gross Building Area: 2,172
  • Building Area: 1,692
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 4
  • Heating: 24
  • Heated Square Feet: 1,692
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DOGWOOD HILLS
  • Land Acres: 0000000530
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: C00
  • Legal Description 1: DOGWOOD HILLS PB LMB1 PG 13 LOT 61 138.43 X 171.69 IRR

Neighborhood

  • School District Name: Sevier County School District
  • Census Tract: 080202

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 025B
  • District: 14
  • Parcel: 025B-B-061.00
  • Lot: 61
  • Municipality: SEVIER COUNTY
  • Latitude: 35.9276
  • Longitude: -83.6566

    Address

  • Full Address: 1241 Old Red Ln
  • Address - House Number: 1241
  • Address - Street Name: Old Red
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R039
  • 4-Digit Zip Code: 0221
  • Zip Code: 37876

Valuation

    Tax

  • Total Area: 1,692
  • Tax Year: 2023
  • Tax Amount: $75,400
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 452,312
  • High Value: 659,984
  • Low Value: 244,639

    Market Valuation

  • Market Total Value: $203,800
  • Market Land Value: $30,000
  • Market Improvement Value: $173,800

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $50,950
  • Assessed Land Value: $7,500
  • Assessed Improvements Value: $43,450

    Sales

  • Current Sale Contract Date: Sep 06, 2022
  • Current Sale Recording Date: Sep 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 36531
  • Previous Sale Recording Date: Jan 03, 2005
  • Previous Sale Amount: $168,000
  • 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 Sevier

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$334

Below Asking

0.02%

Average Days on Market

99

Average Home Size

2198 ft²

Average Home Age

23 years

Currently For Sale

2400 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

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Realtracs

Listed by: Terri Williams, REMAX Preferred Pigeon Forge
Last Updated: 4 months ago
Data Source: Realtracs, MLS# RTC3263627
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 1241 Old Red Lane built and last sold?
The property at 1241 Old Red Lane was built in 2004 and last sold on Sep 6, 2022 for $375,000.
How much is this home worth?
The estimated value of the home located at 1241 Old Red Lane is $391,576.
What are some comparable homes to 1241 Old Red Lane?
There are currently no comparable homes to 1241 Old Red Lane.
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