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Sevier 37876
2005 Timber Ridge Way
Photo of 2005 Timber Ridge Way
Sold on Apr 25, 2022

42

Map

Photo of 2005 Timber Ridge Way
Photo of 2005 Timber Ridge Way
$1,320,000
● House - Off Market

2005 Timber Ridge Way

Sevierville, TN 37876
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,110 Ft²
$1,317,816
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Under construction 4 bedroom/4.5 bathroom cabin with game room and movie room! Convenient location with quick access to the Pigeon Forge Parkway and only minutes away from Dollywood. This cabin boasts an open concept kitchen, dining, and living room with cathedral ceilings. An abundance of windows really lets in the natural light! Double doors lead to the covered deck where you can relax while taking in the wooded and seasonal mountain view. There are two bedrooms on the main level with their own private bathrooms. Upstairs is a loft, movie room and half bathroom. On the lower level, there are two suites and a game room. **Finished and furnished photos are from similar cabin by same builder** Estimated to be completed 4/15.
Unit Size
3,110 Ft²
Days on Market
-
Land Size
2.59 acres
Price per sqft
$418
Property Type
House
Property Taxes
$15
HOA Dues
-
Year Built
2022

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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: 2 months ago (Realtracs #RTC3543607)

Price History

Date / Event Date Event Price
Apr 25, 2022 Sold
Premium
Sold
Feb 28, 2022 Listed by Local Realty Group $1,300,000
Listed by Local Realty Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: 6
  • Building Quality: 6
  • 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: 15
  • Basement Type: 2
  • Basement Area: 1,200
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 112,820
  • Total Building Area: 3,600
  • Gross Building Area: 3,600
  • Building Area: 3,600
  • Building Area Measurement: R

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 3,600
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: C
  • Land Acres: 0000002590
  • Standard Land Use Code: 2000
  • County Land Use Code: 08
  • State Land Use Code: C00
  • Legal Description 1: DISTRICT: 13, COUNTY AREA: J01

Neighborhood

  • School District Name: Sevier County School District
  • Census Tract: 080804

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 084M
  • District: 13
  • Parcel: 084M-C-006.00
  • Municipality: SEVIER COUNTY
  • Latitude: 35.7958
  • Longitude: -83.5072

    Address

  • Full Address: 2005 Timber Ridge Way
  • Address - House Number: 2005
  • Address - Street Name: Timber Ridge
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Sevierville
  • Zip Code: 37876

Valuation

    Tax

  • Total Area: 1,200
  • Tax Year: 2023
  • Tax Amount: $330,800
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 533,811
  • High Value: 778,902
  • Low Value: 288,719

    Market Valuation

  • Market Total Value: $558,700
  • Market Land Value: $38,400
  • Market Improvement Value: $520,300

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $223,480
  • Assessed Land Value: $15,360
  • Assessed Improvements Value: $208,120

    Sales

  • Current Sale Contract Date: Apr 25, 2022
  • Current Sale Recording Date: Apr 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 19864
  • Previous Sale Recording Date: Jun 02, 2021
  • Previous Sale Contract Date: May 25, 2021
  • Previous Sale Amount: $43,000
  • 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

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Realtracs

Listed by: Rachel Beasley, Local Realty Group
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3543607
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 2005 Timber Ridge Way built and last sold?
The property at 2005 Timber Ridge Way was built in 2022 and last sold on Apr 25, 2022 for $1,320,000.
How much is this home worth?
The estimated value of the home located at 2005 Timber Ridge Way is $1,307,069.
What are some comparable homes to 2005 Timber Ridge Way?
There are currently no comparable homes to 2005 Timber Ridge Way.
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