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Jefferson 37725
1586 TRANQUILITY Trail
Photo of 1586 TRANQUILITY Trail
Sold on May 3, 2021

67

Map

Photo of 1586 TRANQUILITY Trail
Photo of 1586 TRANQUILITY Trail
$504,900
● House - Off Market

1586 TRANQUILITY Trail

Dandridge, TN 37725
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,000 Ft²
$594,601
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

IF YOUR LOOKING FOR A HOME ON THE LAKE THIS IS IT! THIS CABIN SITS ON 3.6 ACRES WITH A BOAT LAUNCH, PRIVATE DOCK AND YEAR ROUND WATER. 3 BEDROOM, 3 BATH WITH SCREENED IN BACK PORCH, COVERED FRONT PORCH WITH LAKE AND MOUNTAIN VEIWS. CABIN COMES FULLY FURNISHED INCLUDING, ALL DECOR, APPLIANCES, HOT TUB ON BACK PORCH AND POOL TABLE IN THE LOFT AT NO COST. GREAT CENTRAL LOCATION THAT IS ONLY 10 MINUTES TO DANDRIDGE OR NEWPORT, 30 MINUTES TO KNOXVILLE, SEVIERVILLE, PIGEON FORGE, AND 45 MINUTES TO GATLINBURG AND THE GREAT SMOKY MOUNTAINS. THIS PROPERTY GROSSED OVER $51,000 IN RENTAL INCOME ON VRBO IN 2020. IT WOULD HAVE DONE MORE IF IT HADN'T BEEN FOR THE MANY CANCELLATIONS DUE TO COVID IN THE EARLY PART OF THE YEAR.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
3.60 acres
Price per sqft
$250
Property Type
House
Property Taxes
$153
HOA Dues
-
Year Built
2002

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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: 24 days ago (Realtracs #RTC3253823)

Price History

Date / Event Date Event Price
May 3, 2021 Sold
Premium
Sold
Mar 18, 2021 Listed by WEICHERT, REALTORS - TIGER REAL ESTATE $499,900
Listed by WEICHERT, REALTORS - TIGER REAL ESTATE

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 7
  • 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
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 4
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 156,816
  • Lot Size Depth Feet: 1,756
  • Lot Size Frontage Feet: 2,755
  • Total Building Area: 2,240
  • Gross Building Area: 2,696
  • Building Area: 2,240
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,240
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARADISE LANDING PHASE I RESUB
  • Land Acres: 0000003600
  • Standard Land Use Code: 1001
  • County Land Use Code: 03
  • State Land Use Code: C00
  • Legal Description 1: PARADISE LANDING PHASE I RESUB PB: M PG: 203 LOT: 19

Neighborhood

  • School District Name: Jefferson County School District
  • Census Tract: 070900

Zoning

  • Zoning: A-1

Geography

  • Assessors Map Reference: 078O
  • District: 05
  • Parcel: 078O-A-019.00
  • Lot: 19
  • Municipality: JEFFERSON CNTY-UNINCORPORATED
  • Latitude: 35.9905
  • Longitude: -83.3305

    Address

  • Full Address: 1586 Tranquility Trl
  • Address - House Number: 1586
  • Address - Street Name: Tranquility
  • Address - Suffix Type: Trl
  • State: TN
  • City Name: Dandridge
  • Carrier Code: R009
  • 4-Digit Zip Code: 5453
  • Zip Code: 37725

Valuation

    Tax

  • Total Area: 1,120
  • Tax Year: 2022
  • Tax Amount: $183,100
  • Tax Rate Code Area: 45A00

    Appraisal Valuation

  • Standard Deviation: 0.1491
  • Valuation Date: May 24, 2023
  • Confidence Score: 70
  • Final Value: 520,296
  • High Value: 597,873
  • Low Value: 442,718

    Market Valuation

  • Market Total Value: $334,500
  • Market Land Value: $136,600
  • Market Improvement Value: $197,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $83,625
  • Assessed Land Value: $34,150
  • Assessed Improvements Value: $49,475

    Sales

  • Current Sale Contract Date: May 03, 2021
  • Current Sale Recording Date: May 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21004271
  • Previous Sale Recording Date: Sep 20, 2019
  • Previous Sale Contract Date: Sep 20, 2019
  • Previous Sale Amount: $390,000
  • Previous Sale Document Type: 71
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 Jefferson

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$228

Below Asking

0.02%

Average Days on Market

86

Average Home Size

1952 ft²

Average Home Age

29.9 years

Currently For Sale

299 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: Scottie Hooper, WEICHERT, REALTORS - TIGER REAL ESTATE
Last Updated: 24 days ago
Data Source: Realtracs, MLS# RTC3253823
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 1586 Tranquility Trail built and last sold?
The property at 1586 Tranquility Trail was built in 2002 and last sold on May 3, 2021 for $504,900.
How much is this home worth?
The estimated value of the home located at 1586 Tranquility Trail is $506,206.
What are some comparable homes to 1586 Tranquility Trail?
There are currently no comparable homes to 1586 Tranquility Trail.
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