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Sevier 37876
2019 Spence Mountain Loop
Photo of 2019 Spence Mountain Loop
Sold on Sep 13, 2024

32

Map

Photo of 2019 Spence Mountain Loop
Photo of 2019 Spence Mountain Loop
$280,000
● House - Off Market

2019 Spence Mountain Loop

Sevierville, TN 37876
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,936 Ft²
$1,303
Est. Monthly

About This Property

INVESTOR SPECIAL! Here's what you have been waiting for! Serious investors only. 2 cabins +ADU for less than the price of one! Bldg#1 built in 1996 has 1 sleeping area on main, kitchen, LR, Full bath, gas fireplace + appliances and wrap around deck in private setting. Cabin #2 built in 1994 is one level, kitchen, LR, gas fireplace, two sleeping areas, 2 full baths with fenced yard. The third ADU/guest house has two sleeping areas or offices with kitchen, den with fireplace and a full bath. Being sold AS IS WHERE IS. View by appointment ONLY. Near Little Pigeon River, Sevierville and the great Smoky Mountains.
Unit Size
2,936 Ft²
Days on Market
-
Land Size
0.83 acres
Price per sqft
$85
Property Type
House
Property Taxes
$75
HOA Dues
-
Year Built
1996

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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: 30 days ago (Realtracs #RTC3273194)

Price History

Date / Event Date Event Price
Sep 13, 2024 Sold
Premium
Sold
Aug 20, 2024 Listed by Monarch Realty LLC $250,000
Listed by Monarch Realty LLC

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 2002
  • Building Count: 2
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 25
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 600
  • Garage Type: 4
  • Garage Square Area: 800
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 125
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 36,155
  • Lot Size Depth Feet: 500
  • Lot Size Frontage Feet: 7,370
  • Total Building Area: 3,036
  • Gross Building Area: 3,176
  • Building Area: 2,436
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 2,436
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: A N SPENCE PROP RESUB
  • Land Acres: 0000000830
  • Standard Land Use Code: 1001
  • County Land Use Code: 51
  • State Land Use Code: C00
  • Legal Description 1: A N SPENCE PROP RESUB PB 28 PG 116 LOT 10-R 736.99 X 50 IRR

Neighborhood

  • School District Name: Sevier County School District
  • Census Tract: 080701

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 074
  • District: 04
  • Parcel: 074-062.01
  • Lot: 10R
  • Municipality: SEVIER COUNTY
  • Latitude: 35.8261
  • Longitude: -83.4667

    Address

  • Full Address: 2019 Spence Mountain Loop
  • Address - House Number: 2019
  • Address - Street Name: Spence Mountain
  • Address - Suffix Type: Loop
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R032
  • 4-Digit Zip Code: 6393
  • Zip Code: 37876

Valuation

    Tax

  • Total Area: 1,836
  • Tax Year: 2023
  • Tax Amount: $89,800
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.2783
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 60
  • Final Value: 533,126
  • High Value: 681,511
  • Low Value: 384,742

    Market Valuation

  • Market Total Value: $242,600
  • Market Land Value: $30,800
  • Market Improvement Value: $211,800

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $60,650
  • Assessed Land Value: $7,700
  • Assessed Improvements Value: $52,950

    Sales

  • Current Sale Contract Date: Jul 29, 2011
  • Current Sale Recording Date: Aug 02, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 11030203
  • Previous Sale Recording Date: Jul 06, 2010
  • Previous Sale Amount: $201,233
  • 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:

$578,950

Sale Price/ft²

$338

Below Asking

0.02%

Average Days on Market

97

Average Home Size

1889 ft²

Average Home Age

22.7 years

Currently For Sale

2363 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: Penny L Cowell, Monarch Realty LLC
Last Updated: 30 days ago
Data Source: Realtracs, MLS# RTC3273194
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 2019 Spence Mountain Loop built and last sold?
The property at 2019 Spence Mountain Loop was built in 1996 and last sold on Jul 29, 2011 for $142,900.
How much is this home worth?
The estimated value of the home located at 2019 Spence Mountain Loop is $291,487.
What are some comparable homes to 2019 Spence Mountain Loop?
There are currently no comparable homes to 2019 Spence Mountain Loop.
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