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Pigeon Forge 37862
2015 BEAR CREEK Way
Photo of 2015 BEAR CREEK Way
Sold on Sep 14, 2021

26

Map

Photo of 2015 BEAR CREEK Way
Photo of 2015 BEAR CREEK Way
$625,000
● House - Off Market

2015 BEAR CREEK Way

Sevierville, TN 37862
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,584 Ft²
$749,118
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

A great investment cabin available for you in one of the best locations in the area. Close to all attractions, stores, and restaurants. Walk into the main level and you will be pleasantly surprised of the spacious size. Main level features 2 bedrooms full bathroom, stacked stone fireplace and large kitchen. The back deck is perfect for relaxing with easy walkout to the backyard for kids to play. Upstairs is the master retreat with huge jacuzzi tub. Perfect resort setting with community pool and club house and less than 5 miles from the Pigeon Forge Parkway. First 6 month 2021 gross rental income is already $28,797. Some pictures are drone shots.
Unit Size
1,584 Ft²
Days on Market
-
Land Size
-
Price per sqft
$417
Property Type
House
Property Taxes
$82
HOA Dues
$460
Year Built
2004

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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 #RTC3524878)

Price History

Date / Event Date Event Price
Sep 14, 2021 Sold
Premium
Sold
Jul 1, 2021 Listed by East Tennessee Realty Group, LLC $659,900
Listed by East Tennessee Realty Group, LLC
May 25, 2018 Sold
Premium
Sold
May 16, 2018 Listed by Your Home Sold Guaranteed Realty $317,000
Listed by Your Home Sold Guaranteed Realty
***PROJECTED RENTAL INCOME OF $48,000-$50,000 PER YEAR*** Awesome cabin in great location. Walk into the main level and you will be pleasantly surprised of the spacious size. Main level features 2 bedrooms full bathroom, stacked stone fireplace and large kitchen. The back deck is perfect for relaxing with easy walkout to the backyard for kids to play. Upstairs is the master retreat with huge jacuzzi tub. Perfect resort setting with community pool and club house and less than 5 miles from the Pigeon Forge Parkway.

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • 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: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,728
  • Gross Building Area: 1,728
  • Building Area: 1,728
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: COVERED BRIDGE RESORT
  • Land Acres: 0000001000
  • Standard Land Use Code: 2000
  • County Land Use Code: 08
  • State Land Use Code: C00
  • Legal Description 1: COVERED BRIDGE RESORT PB LM-5 PG 101 LOT 49

Neighborhood

  • School District Name: Sevier County School District
  • School Tax School District: 78576
  • Census Tract: 081002

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: 093J
  • District: 16
  • Parcel: 093J-B-001.00-049
  • Lot: 49
  • Municipality: PIGEON FORGE
  • Latitude: 35.7841
  • Longitude: -83.6239

    Address

  • Full Address: 2015 Bear Creek Way
  • Address - House Number: 2015
  • Address - Street Name: Bear Creek
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Sevierville
  • Zip Code: 37862

Valuation

    Tax

  • Total Area: 864
  • Tax Year: 2023
  • Tax Amount: $427,400
  • Tax Rate Code Area: 78A02

    Appraisal Valuation

  • Standard Deviation: 0.2482
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 65
  • Final Value: 737,328
  • High Value: 920,377
  • Low Value: 554,280

    Market Valuation

  • Market Total Value: $360,900
  • Market Land Value: $40,000
  • Market Improvement Value: $320,900

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $144,360
  • Assessed Land Value: $16,000
  • Assessed Improvements Value: $128,360

    Sales

  • Current Sale Contract Date: Sep 10, 2021
  • Current Sale Recording Date: Sep 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21034197
  • Previous Sale Recording Date: Dec 17, 2004
  • Previous Sale Amount: $379,906
  • 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 Pigeon Forge

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$363

Below Asking

0.03%

Average Days on Market

104

Average Home Size

1641 ft²

Average Home Age

22.2 years

Currently For Sale

282 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: Frances Troxler, East Tennessee Realty Group, LLC
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3524878
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 2015 Bear Creek Way built and last sold?
The property at 2015 Bear Creek Way was built in 2004 and last sold on Sep 10, 2021 for $625,000.
How much is this home worth?
The estimated value of the home located at 2015 Bear Creek Way is $658,633.
What are some comparable homes to 2015 Bear Creek Way?
There are currently no comparable homes to 2015 Bear Creek Way.
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