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Sevier 37876
1671 Licking Spring Way
$625,000
● House - Off Market

1671 Licking Spring Way

Sevierville, TN 37876
bedrooms
4 Beds
bathrooms
3 Baths
$3,148
Est. Monthly
3.88%
Cap Rate

About This Property

This wonderful log home is located on 5.16 acres offering the privacy of a peaceful country setting. Enjoy the expansive wrap around deck and the beautiful manicured front yard; the cabin has 3BD, 2BA, 1380sqft of main level living with an eat in kitchen, a detached three-car garage/workshop in addition to an outside shed for storage, the finished, walkout crawlspace offers extra storage space as well. Above the garage is an additional living quarters that offers 1BD and 1 full bath, living area with a full kitchen; washer & dryer convey with this move in ready home!
Unit Size
-
Days on Market
29 days
Land Size
5.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$78
HOA Dues
-
Year Built
2001

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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: 2 years ago ( #306491)

Price History

Date / Event Date Event Price
Jun 12, 2025 Sold
Premium
Sold
May 12, 2025 Listed by RE/MAX Adventure Realty $625,000
Listed by RE/MAX Adventure Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • 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: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 1,140
  • Parking Space Count: 4
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 224,770
  • Total Building Area: 1,380
  • Gross Building Area: 1,380
  • Building Area: 1,380
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 1,380
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LICKLOG HOLLOW MINI FARMS
  • Land Acres: 0000005160
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: C00
  • Legal Description 1: LICKLOG HOLLOW MINI FARMS PB LMB1 PG 3 LOT 22

Neighborhood

  • School District Name: Sevier County School District
  • Census Tract: 080701

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 064
  • District: 03
  • Parcel: 064-022.19
  • Lot: 22
  • Municipality: SEVIER COUNTY
  • Latitude: 35.8415
  • Longitude: -83.4392

    Address

  • Full Address: 1671 Licking Spring Way
  • Address - House Number: 1671
  • Address - Street Name: Licking Spring
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R031
  • 4-Digit Zip Code: 6391
  • Zip Code: 37876

Valuation

    Tax

  • Total Area: 1,380
  • Tax Year: 2023
  • Tax Amount: $94,100
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.2249
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 68
  • Final Value: 546,027
  • High Value: 668,834
  • Low Value: 423,221

    Market Valuation

  • Market Total Value: $254,200
  • Market Land Value: $51,700
  • Market Improvement Value: $202,500

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $63,550
  • Assessed Land Value: $12,925
  • Assessed Improvements Value: $50,625

    Sales

  • Current Sale Recording Date: Jul 28, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: May 01, 2002
  • Previous Sale Amount: $32,000
  • 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:

$575,000

Sale Price/ft²

$337

Below Asking

0.02%

Average Days on Market

97

Average Home Size

1909 ft²

Average Home Age

22.7 years

Currently For Sale

2450 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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Frequently Asked Questions

When was property at 1671 Licking Spring Way built and last sold?
The property at 1671 Licking Spring Way was built in 2001 and last sold on Jan 1, 1970 for $155,000.
How much is this home worth?
The estimated value of the home located at 1671 Licking Spring Way is $0.
What are some comparable homes to 1671 Licking Spring Way?
There are currently no comparable homes to 1671 Licking Spring Way.
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