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1971 Trace Way

1971 Trace Way, Sevierville, TN 37862
Property in Sevier
Sold Aug 16, 2021
$760,000
$548,250 by Movement Mortgage
Mortgage Due Sep 01, 2051
Sold Dec 05, 2001
Transfer
Local assessors in Sevierville, TN have categorized 1971 Trace Way as a residential type of property. The home was built in 2002 and is 22 years old. The property's lot size has been calculated to be 218,236 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a custom style. As for the restroom situation, there are 3 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1971 Trace Way has a total of 3,408 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a partial basement that is 1,040 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 870 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a gable or hip style roof that was made of composition shingle. Lots of unknown were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on a packaged air conditioning unit for their cooling system. The home's a heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Aug 12, 2021 for $760,000. That's $223.00 per sqft. 1971 Trace Way was last assessed in 2024. The total value of the property was assessed at $91,175. Specifically, the land the property is located on was valued at $10,875. While improvements on the property were assessed at a total of $80,300. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,349. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Block Exterior
Wood Siding

Parking

Detached Garage
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Custom
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Partial basement
  • Basement Area: 1,040
  • Garage Type: Detached
  • Garage Square Area: 870
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 218,236
  • Total Building Area: 3,408
  • Gross Building Area: 3,528
  • Building Area: 3,408
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 3,408
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TRACE TWO HUNDRED
  • Land Acres: 5.01
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACE TWO HUNDRED PB 39 PG 233 LOT 38-R

Ownership

  • Current Owner : NELSEN KATELYNN
  • Previous Owner : PRESLAR WILLIAM KERRY
  • Owner Before Previous Owner: RAY HUTCHINSON TIMOTHY

Neighborhood

  • School District Name: Sevier County School District
  • Census Tract: 080904

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 104
  • District: 16
  • Parcel: 104-112.00
  • Lot: 38R
  • Municipality: SEVIER COUNTY
  • Latitude: 35.7702
  • Longitude: -83.6149

    Address

  • Full Address: 1971 Trace Way
  • Address - House Number: 1971
  • Address - Street Name: Trace
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R038
  • 4-Digit Zip Code: 8068
  • Zip Code: 37862

Valuation

    Tax

  • Total Area: 1,328
  • Tax Year: 2023
  • Tax Amount: $1,349
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.2531
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 64
  • Final Value: 820,215
  • High Value: 1,027,812
  • Low Value: 612,618

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $548,250
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE
  • First Open Lien Mortgage Recording Date: Aug 16, 2021
  • First Open Lien Mortgage Loan Amount: $548,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2051

    Market Valuation

  • Market Total Value: $364,700
  • Market Land Value: $43,500
  • Market Improvement Value: $321,200

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $91,175
  • Assessed Land Value: $10,875
  • Assessed Improvements Value: $80,300

    Sales

  • Current Sale Contract Date: Aug 12, 2021
  • Current Sale Recording Date: Aug 16, 2021
  • Current Sale Transaction ID: 11849609435
  • Current Sale Price: $760,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21030234
  • Previous Sale Recording Date: Dec 05, 2001
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE
  • First Mortgage Transaction Date: Aug 16, 2021
  • First Mortgage Loan Amount: $548,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

About Sevier



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Frequently Asked Questions

What neighborhood is 1971 Trace Way located in?
The 1971 Trace Way is a located in the neighborhood of Sevier in Sevier, Sevierville.
What is the average sales price for listings in 1971 Trace Way?
The average sales price for units in 1971 Trace Way is $0 currently.

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