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Sevier 37862
1563 Rainbow Ridge Road
Photo of 1563 Rainbow Ridge Road
Sold on May 27, 2022

10

Map

Photo of 1563 Rainbow Ridge Road
Photo of 1563 Rainbow Ridge Road
$130,000
● Land - Off Market

1563 Rainbow Ridge Road

Sevierville, TN 37862
bedrooms
Studio
bathrooms
0 Bath
$140,989
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Sitting at the top of Rainbow Ridge this lot features a long-range view of Mt. LeConte. The development is located Just behind the Tanger Outlet Mall and close to Dollywood. Utility water and sewer at the street. Consider this lot for your next vacation overnight investment. This lot has an existing foundation from the log home that burnt down a few years ago.
Unit Size
-
Days on Market
13 days
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$15
HOA Dues
$100
Year Built
2005

Payment Calculator

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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 #RTC3289583)

Price History

Date / Event Date Event Price
May 27, 2022 Sold
Premium
Sold
Apr 19, 2022 Listed by Century 21 MVP $139,900
Listed by Century 21 MVP

Property Highlights

Building Info

Overview

    General

  • Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 7
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 9

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,728
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: RAINBOW RIDGE
  • Land Acres: 0000001000
  • Standard Land Use Code: 8001
  • County Land Use Code: 00-V
  • State Land Use Code: C00
  • Legal Description 1: RAINBOW RIDGE PB LM-7 PG 181 LOT 29

Neighborhood

  • School District Name: Sevier County School District
  • Census Tract: 080801

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: 072K
  • District: 05
  • Parcel: 072K-D-001.00-029
  • Lot: 29
  • Municipality: SEVIER COUNTY
  • Latitude: 35.8296
  • Longitude: -83.5595

    Address

  • Full Address: 1563 Rainbow Ridge Rd
  • Address - House Number: 1563
  • Address - Street Name: Rainbow Ridge
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R004
  • 4-Digit Zip Code: 3048
  • Zip Code: 37862

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $14,200
  • Tax Rate Code Area: 78A00

    Market Valuation

  • Market Total Value: $38,500
  • Market Land Value: $38,500

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $9,625
  • Assessed Land Value: $9,625

    Sales

  • Current Sale Recording Date: Sep 27, 2006
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 15, 2006
  • Previous Sale Amount: $265,000
  • 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

$332

Below Asking

0.02%

Average Days on Market

99

Average Home Size

2196 ft²

Average Home Age

22.6 years

Currently For Sale

2486 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

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Realtracs

Listed by: David Everett, Century 21 MVP
Last Updated: 4 months ago
Data Source: Realtracs, MLS# RTC3289583
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 1563 Rainbow Ridge Way built and last sold?
The property at 1563 Rainbow Ridge Way was built in 2005 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1563 Rainbow Ridge Way is $141,299.
What are some comparable homes to 1563 Rainbow Ridge Way?
There are currently no comparable homes to 1563 Rainbow Ridge Way.
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