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Sevier 37876
1855 Spring Hill Drive #MOUNTAINMEMORIES
Photo of Unit MOUNTAINMEMORIES at 1855 Spring Hill Drive

1

Map

$259,900
● House - Off Market

1855 Spring Hill Drive #MOUNTAINMEMORIES

Sevierville, TN 37876
bedrooms
2 Beds
bathrooms
3 Baths
square feet
2,592 Ft²
$1,346
Est. Monthly

About This Property

Mountain Memories is a 2 bedroom, 3 bath true log home with 2 bonus rooms. Sleeps 10 on overnight rental. Located in the Gatlinburg area just outside of the Arts & Crafts Community and also only minutes to Pigeon Forge. This spacious log home includes cathedral ceilings, exposed beams, 2 fireplaces (one gas log and one wood burning), large basement rec room, whirlpool tub, hot tub, and lots of deck space! Plus, this property boasts a gorgeous mountain view! Beautifully landscaped with a private yard and gazebo. On over an acre. Comes furnished. Perfect for overnight rental or permanent residence.
Unit Size
2,592 Ft²
Days on Market
-
Land Size
1.12 acres
Price per sqft
$100
Property Type
House
Property Taxes
$70
HOA Dues
-
Year Built
1991

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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 months ago (Realtracs #RTC3297227)

Price History

Date / Event Date Event Price
May 24, 2013 Listed by Smoky Mountain Real Estate Corp $259,900
Listed by Smoky Mountain Real Estate Corp

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 25
  • Interior Walls Type: 18
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 48,787
  • Total Building Area: 2,592
  • Gross Building Area: 2,592
  • Building Area: 2,592
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 2,592
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: SPRING HILL EST
  • Land Acres: 0000001120
  • Standard Land Use Code: 2000
  • County Land Use Code: 08
  • State Land Use Code: C00
  • Legal Description 1: SPRING HILL EST PB 26 PG 139 LOT 8

Neighborhood

  • School District Name: Sevier County School District
  • Census Tract: 081104

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 107
  • District: 13
  • Parcel: 107-062.09
  • Lot: 8
  • Municipality: SEVIER COUNTY
  • Latitude: 35.7696
  • Longitude: -83.4606

    Address

  • Full Address: 1855 Spring Hill Dr
  • Address - House Number: 1855
  • Address - Street Name: Spring Hill
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R027
  • 4-Digit Zip Code: 9010
  • Zip Code: 37876

Valuation

    Tax

  • Total Area: 864
  • Tax Year: 2023
  • Tax Amount: $197,600
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 503,224
  • High Value: 734,271
  • Low Value: 272,176

    Market Valuation

  • Market Total Value: $333,800
  • Market Land Value: $70,500
  • Market Improvement Value: $263,300

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $133,520
  • Assessed Land Value: $28,200
  • Assessed Improvements Value: $105,320

    Sales

  • Current Sale Contract Date: Jun 06, 2019
  • Current Sale Recording Date: Jun 10, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 19017654
  • Previous Sale Recording Date: Aug 19, 2014
  • Previous Sale Contract Date: Aug 15, 2014
  • Previous Sale Amount: $240,000
  • 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

1901 ft²

Average Home Age

22.6 years

Currently For Sale

2397 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Realtracs

Listed by: The DeRosia Team, Smoky Mountain Real Estate Corp
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3297227
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 1855 Spring Hill Drive built and last sold?
The property at 1855 Spring Hill Drive was built in 1991 and last sold on Jun 6, 2019 for $345,000.
How much is this home worth?
The estimated value of the home located at 1855 Spring Hill Drive is $604,807.
What are some comparable homes to 1855 Spring Hill Drive?
There are currently no comparable homes to 1855 Spring Hill Drive.
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