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Pigeon Forge 37862
2023 Bear Creek Way #MOUNTAINPARADISE
$249,900
● House - Off Market

2023 Bear Creek Way #MOUNTAINPARADISE

Sevierville, TN 37862
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,056 Ft²
$385,064
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

Wow Mountain Paradise!!! Beautiful log cabin in one of the Premier Log Resorts in the area -Covered Bridge Resort. This log cabin is a true turn key property. Great views of Bluff Mountain with easy parking . This log home is the perfect vacation home or rental, open kitchen, open living, open loft. King bedroom upstairs with full bathroom. Loft has a pool table. Downstairs main level bedroom has queen bed with a jucuzzi tub and private bathroom and . Rear deck has rocking chairs nice views of Bluff Mtn and a private hottub. Cabin has been stained within last 4 years and in very good shape. Stack washer/dryer are new. Stainless steel appliances. Sellers price is firm.
Unit Size
1,056 Ft²
Days on Market
-
Land Size
-
Price per sqft
$239
Property Type
House
Property Taxes
$69
HOA Dues
-
Year Built
2005

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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 #RTC3283629)

Price History

Date / Event Date Event Price
May 10, 2018 Sold
Premium
Sold
Mar 8, 2018 Listed by TN Smoky Mtn Realty $252,900
Listed by TN Smoky Mtn Realty

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • 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: 59
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,320
  • Gross Building Area: 1,320
  • Building Area: 1,320
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 1,320
  • 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 56

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-001.00-056
  • Lot: 56
  • Municipality: PIGEON FORGE
  • Latitude: 35.784
  • Longitude: -83.6231

    Address

  • Full Address: 2023 Bear Creek Way
  • Address - House Number: 2023
  • Address - Street Name: Bear Creek
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Sevierville
  • Zip Code: 37862

Valuation

    Tax

  • Total Area: 660
  • Tax Year: 2023
  • Tax Amount: $343,600
  • Tax Rate Code Area: 78A02

    Appraisal Valuation

  • Standard Deviation: 0.2777
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 60
  • Final Value: 560,526
  • High Value: 716,203
  • Low Value: 404,848

    Market Valuation

  • Market Total Value: $290,200
  • Market Land Value: $40,000
  • Market Improvement Value: $250,200

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $116,080
  • Assessed Land Value: $16,000
  • Assessed Improvements Value: $100,080

    Sales

  • Current Sale Contract Date: May 07, 2018
  • Current Sale Recording Date: May 11, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 18017775
  • Previous Sale Recording Date: Jan 09, 2009
  • Previous Sale Amount: $167,100
  • 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:

$527,450

Sale Price/ft²

$362

Below Asking

0.02%

Average Days on Market

105

Average Home Size

1908 ft²

Average Home Age

22.2 years

Currently For Sale

287 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: Jared Cowart, TN Smoky Mtn Realty
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3283629
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 2023 Bear Creek Way built and last sold?
The property at 2023 Bear Creek Way was built in 2005 and last sold on May 7, 2018 for $249,900.
How much is this home worth?
The estimated value of the home located at 2023 Bear Creek Way is $473,734.
What are some comparable homes to 2023 Bear Creek Way?
There are currently no comparable homes to 2023 Bear Creek Way.
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