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Sevier 37876
2003 Ridgecrest Loop Lane
Photo of 2003 Ridgecrest Loop Lane
Sold on Jan 2, 2020

36

Map

Photo of 2003 Ridgecrest Loop Lane
Photo of 2003 Ridgecrest Loop Lane
$326,000
● House - Off Market

2003 Ridgecrest Loop Lane

Sevierville, TN 37876
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,536 Ft²
$473,538
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model

About This Property

RENTAL INCOME OVER $34K IN 2018! BEAR PAW RETREAT is a wonderful 2BR/2BA cabin with SPLENDID MOUNTAIN VIEWS! Enjoy all nature has to offer from the 1.21 ACRE wooded lot. Plenty of level parking. Open floor plan with cathedral ceiling and lots of windows to enjoy the GREAT VIEWS. Cabin features all wood interior walls, gas fireplace, and fully equipped kitchen. Also on the main level is a MASTER SUITE with KING bed, spa tub, and full bath. Large back deck with gas grill, table & chairs, and a relaxing hot tub. Downstairs is the large rec room with full size pool table, 50 TV, sleeper sofa, and private deck. Also on this level is the 2ND MASTER SUITE with KING bed, spa tub, full bath, and laundry room with full size washer & dryer. Cabin was stained in the Fall of 2016, and it has been very well maintained. Great location to entertainment, dining, and shopping in Pigeon Forge, Gatlinburg, and Sevierville.  1 Year Home Warranty!
Unit Size
1,536 Ft²
Days on Market
-
Land Size
1.21 acres
Price per sqft
$212
Property Type
House
Property Taxes
$65
HOA Dues
-
Year Built
2002

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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 #RTC3237059)

Price History

Date / Event Date Event Price
Jan 2, 2020 Sold
Premium
Sold
Oct 9, 2019 Listed by Prime Mountain Properties $325,000
Listed by Prime Mountain Properties

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 25
  • Interior Walls Type: 18
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 52,708
  • Lot Size Depth Feet: 2,917
  • Lot Size Frontage Feet: 3,995
  • Total Building Area: 1,536
  • Gross Building Area: 1,536
  • Building Area: 1,536
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 1,536
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: RIDGECREST ACRES
  • Land Acres: 0000001210
  • Standard Land Use Code: 2000
  • County Land Use Code: 08
  • State Land Use Code: C00
  • Legal Description 1: RIDGECREST ACRES PB 33 PG 303 LOT 23-R 399.50 X 291.73 IRR

Neighborhood

  • School District Name: Sevier County School District
  • Census Tract: 081002

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 096G
  • District: 13
  • Parcel: 096G-A-021.00
  • Lot: 23R
  • Municipality: SEVIER COUNTY
  • Latitude: 35.7861
  • Longitude: -83.4764

    Address

  • Full Address: 2003 Ridgecrest Loop Ln
  • Address - House Number: 2003
  • Address - Street Name: Ridgecrest Loop
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R027
  • 4-Digit Zip Code: 8870
  • Zip Code: 37876

Valuation

    Tax

  • Total Area: 768
  • Tax Year: 2023
  • Tax Amount: $173,400
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.2759
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 60
  • Final Value: 619,248
  • High Value: 790,160
  • Low Value: 448,336

    Market Valuation

  • Market Total Value: $292,900
  • Market Land Value: $18,900
  • Market Improvement Value: $274,000

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $117,160
  • Assessed Land Value: $7,560
  • Assessed Improvements Value: $109,600

    Sales

  • Current Sale Contract Date: Jan 02, 2020
  • Current Sale Recording Date: Jan 03, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20000318
  • Previous Sale Recording Date: Jul 16, 2007
  • Previous Sale Amount: $275,000
  • 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:

$554,000

Sale Price/ft²

$333

Below Asking

0.02%

Average Days on Market

98

Average Home Size

2190 ft²

Average Home Age

22.8 years

Currently For Sale

2489 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: Tina Parton, Prime Mountain Properties
Last Updated: 4 months ago
Data Source: Realtracs, MLS# RTC3237059
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 2003 Ridgecrest Loop Lane built and last sold?
The property at 2003 Ridgecrest Loop Lane was built in 2002 and last sold on Jan 2, 2020 for $326,000.
How much is this home worth?
The estimated value of the home located at 2003 Ridgecrest Loop Lane is $339,758.
What are some comparable homes to 2003 Ridgecrest Loop Lane?
There are currently no comparable homes to 2003 Ridgecrest Loop Lane.
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