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Sevier 37876
1870 Chapman Highway
Photo of 1870 Chapman Highway
Sold on Jan 14, 2022

37

Map

Photo of 1870 Chapman Highway
Photo of 1870 Chapman Highway
$224,900
● House - Off Market

1870 Chapman Highway

Sevierville, TN 37876
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,655 Ft²
$243,262
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Great location ON Chapman Hwy! Plenty of parking! Fenced back yard! Creek backs up to property. Excellent opportunity to run your own business from home! 3 bedroom 2 bath. Sold "As Is". Convenient to Sevierville, Seymour, Knoxville & Maryville!
Unit Size
1,655 Ft²
Days on Market
-
Land Size
0.74 acres
Price per sqft
$136
Property Type
House
Property Taxes
$68
HOA Dues
-
Year Built
1961

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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 #RTC3277541)

Price History

Date / Event Date Event Price
Jan 14, 2022 Sold
Premium
Sold
Oct 8, 2021 Listed by New Direction Real Estate $224,900
Listed by New Direction Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1981
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 3
  • Basement Area: 440
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 68
  • Porch Type: 129
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,234
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 3,450
  • Total Building Area: 1,655
  • Gross Building Area: 1,683
  • Building Area: 1,683
  • Building Area Measurement: R

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 14
  • Heated Square Feet: 1,655
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: C
  • Land Acres: 0000000740
  • Standard Land Use Code: 2000
  • County Land Use Code: 08
  • State Land Use Code: 08
  • Legal Description 1: 345M X 200M X IRR

Neighborhood

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

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 060
  • District: 10
  • Parcel: 060-006.00
  • Municipality: SEVIER COUNTY
  • Latitude: 35.8606
  • Longitude: -83.6238

    Address

  • Full Address: 1870 Chapman Hwy
  • Address - House Number: 1870
  • Address - Street Name: Chapman
  • Address - Suffix Type: Hwy
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R034
  • 4-Digit Zip Code: 2348
  • Zip Code: 37876

Valuation

    Tax

  • Total Area: 1,215
  • Tax Year: 2023
  • Tax Amount: $81,300
  • Tax Rate Code Area: 78A00

    Market Valuation

  • Market Total Value: $137,300
  • Market Land Value: $44,500
  • Market Improvement Value: $92,800

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $54,920
  • Assessed Land Value: $17,800
  • Assessed Improvements Value: $37,120

    Sales

  • Current Sale Contract Date: Jan 14, 2022
  • Current Sale Recording Date: Jan 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2963
  • Previous Sale Recording Date: Jul 20, 2007
  • Previous Sale Amount: $150,000
  • 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:

$576,500

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: Missy Norris, New Direction Real Estate
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3277541
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 1870 Chapman Highway built and last sold?
The property at 1870 Chapman Highway was built in 1961 and last sold on Jan 14, 2022 for $224,900.
How much is this home worth?
The estimated value of the home located at 1870 Chapman Highway is $243,020.
What are some comparable homes to 1870 Chapman Highway?
There are currently no comparable homes to 1870 Chapman Highway.
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