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Sevier 37876
163 Rule Way
Photo of 163 Rule Way
Sold on Aug 17, 2021

43

Map

Photo of 163 Rule Way
Photo of 163 Rule Way
$315,000
● House - Off Market

163 Rule Way

Sevierville, TN 37876
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,864 Ft²
$400,440
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Awesome Mtn Views from one level Country Ranch Home sitting on secluded 1.7 acres with large workshop. One owner home with open floor plan with all comfortable living space. The easy access Country Kitchen flowing into the dining and great room with catherdral ceiling and gas log fireplace. Amazing views from double tiered deck in front and great privacy off back deck. Home could easyly converted to overnight or keep as perm with a great Workshop or storage area. Easy access to Sevierville ,Pigeon Forge and the Smokies!!!!!!!!!!!
Unit Size
1,864 Ft²
Days on Market
-
Land Size
1.72 acres
Price per sqft
$188
Property Type
House
Property Taxes
$59
HOA Dues
-
Year Built
2005

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #RTC3236335)

Price History

Date / Event Date Event Price
Aug 23, 2022 No longer available -
No longer available
Jul 4, 2022 In contract -
In contract
Jul 1, 2022 Price Decreased $439,000
↓ $11K (2.4%)
Price Decreased
Jun 14, 2022 Price Decreased $449,900
↓ $10K (2.2%)
Price Decreased
Jun 5, 2022 Listed by Realty Works, LLC $459,900
Listed by Realty Works, LLC
Unrestricted and just under 2 acres with beautiful unobstructed mountain views. One level living with open space and bedroom separation. Master suite is huge with a new master bathroom and walk in closet. 2 bedrooms share the hall bath on the other side of the great room. Great room has vaulted ceilings with a gas fireplace. Kitchen is spacious and has a breakfast nook and opens to a formal dining room or flex space. Game room is almost complete and ready for your final touches. There is a large Metal workshop that offers plenty of options. Currently is a second home, but would make an awesome vacation rental with its location just 3 miles to the center of everything Smoky Mountain. The manager has listed the unit size as 2301 square feet.
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Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 11
  • 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: 437
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 74,923
  • Total Building Area: 2,301
  • Gross Building Area: 2,301
  • Building Area: 1,864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 1,864
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JERRY C CARR PROPERTY
  • Land Acres: 0000001720
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: C00
  • Legal Description 1: JERRY C CARR PROPERTY PB 35 PG 168 LOT 1

Neighborhood

  • School District Name: Sevier County School District
  • Census Tract: 080402

Zoning

  • Zoning: A-1

Geography

  • Assessors Map Reference: 048
  • District: 10
  • Parcel: 048-012.01
  • Lot: 1
  • Municipality: SEVIER COUNTY
  • Latitude: 35.8645
  • Longitude: -83.6259

    Address

  • Full Address: 163 Rule Way
  • Address - House Number: 163
  • Address - Street Name: Rule
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R034
  • 4-Digit Zip Code: 2381
  • Zip Code: 37876

Valuation

    Tax

  • Total Area: 1,864
  • Tax Year: 2023
  • Tax Amount: $70,200
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.2681
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 61
  • Final Value: 399,163
  • High Value: 506,199
  • Low Value: 292,126

    Market Valuation

  • Market Total Value: $189,600
  • Market Land Value: $12,400
  • Market Improvement Value: $177,200

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $47,400
  • Assessed Land Value: $3,100
  • Assessed Improvements Value: $44,300

    Sales

  • Current Sale Contract Date: Aug 18, 2022
  • Current Sale Recording Date: Aug 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 34941
  • Previous Sale Recording Date: Aug 19, 2021
  • Previous Sale Contract Date: Aug 17, 2021
  • Previous Sale Amount: $315,000
  • 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 Sevier

Stats & Trends

Median Asking:

$575,000

Sale Price/ft²

$338

Below Asking

0.02%

Average Days on Market

97

Average Home Size

1891 ft²

Average Home Age

22.7 years

Currently For Sale

2373 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: Gary Gibson, Prime Mountain Properties
Last Updated: 4 months ago
Data Source: Realtracs, MLS# RTC3236335
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 163 Rule Way built and last sold?
The property at 163 Rule Way was built in 2005 and last sold on Aug 18, 2022 for $315,000.
How much is this home worth?
The estimated value of the home located at 163 Rule Way is $462,035.
What are some comparable homes to 163 Rule Way?
There are currently no comparable homes to 163 Rule Way.
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