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Sevier 37862
1584 Rainbow Ridge Way
Photo of 1584 Rainbow Ridge Way
Sold on Apr 23, 2021

2

Map

Photo of 1584 Rainbow Ridge Way
$685,000
● House - Off Market

1584 Rainbow Ridge Way

Sevierville, TN 37862
bedrooms
3 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
2,470 Ft²
$833,010
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

New construction cabin with beautiful views of Mt. LeConte. Located between Pigeon Forge and Sevierville in Moose Meadows Resort. This tri-level cabin features three master bedrooms, three full baths, and two half baths. All wood interior walls, custom kitchen cabinets, solid-surface countertops, hardwood floors, and custom tile showers. Theater room and recreation room in basement.
Unit Size
2,470 Ft²
Days on Market
-
Land Size
-
Price per sqft
$277
Property Type
House
Property Taxes
$82
HOA Dues
$150
Year Built
2021

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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 #RTC3236535)

Price History

Date / Event Date Event Price
Apr 23, 2021 Sold
Premium
Sold
Feb 9, 2021 Listed by Prime Mountain Properties $685,000
Listed by Prime Mountain Properties

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • 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: 5
  • Floor Count: 200
  • Floor Cover: 15
  • Basement Type: 2
  • Basement Area: 780
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,548
  • Gross Building Area: 2,548
  • Building Area: 2,548
  • Building Area Measurement: R

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 2,548
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: MOOSE MEADOWS PUD
  • Land Acres: 0000001000
  • Standard Land Use Code: 2000
  • County Land Use Code: 08
  • Legal Description 1: MOOSE MEADOWS PUD PB 43 PG 210 LOT 18 UNIT 18

Neighborhood

  • School District Name: Sevier County School District

Geography

  • Assessors Map Reference: 072K
  • District: 05
  • Parcel: 072K-D-002.00-018
  • Lot: 18
  • Municipality: SEVIER COUNTY
  • Latitude: 35.8293
  • Longitude: -83.5589

    Address

  • Full Address: 1584 Rainbow Ridge Way
  • Address - House Number: 1584
  • Address - Street Name: Rainbow Ridge
  • Address - Suffix Type: Way
  • State: TN

Valuation

    Tax

  • Total Area: 780
  • Tax Year: 2021
  • Tax Amount: $142,100
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 589,188
  • High Value: 859,704
  • Low Value: 318,671

    Market Valuation

  • Market Total Value: $553,300
  • Market Land Value: $43,800
  • Market Improvement Value: $509,500

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $221,320
  • Assessed Land Value: $17,520
  • Assessed Improvements Value: $203,800
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:

$554,000

Sale Price/ft²

$333

Below Asking

0.02%

Average Days on Market

98

Average Home Size

2190 ft²

Average Home Age

22.8 years

Currently For Sale

2489 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: Tina Parton, Prime Mountain Properties
Last Updated: 4 months ago
Data Source: Realtracs, MLS# RTC3236535
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 1584 Rainbow Ridge Way built and last sold?
The property at 1584 Rainbow Ridge Way was built in 2021 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1584 Rainbow Ridge Way is $697,071.
What are some comparable homes to 1584 Rainbow Ridge Way?
There are currently no comparable homes to 1584 Rainbow Ridge Way.
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