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Sevier 37876
2035 Mountain Spring Way
Photo of 2035 Mountain Spring Way
Sold on Nov 13, 2023

30

Map

Photo of 2035 Mountain Spring Way
Photo of 2035 Mountain Spring Way
$248,500
● House - Off Market

2035 Mountain Spring Way

Sevierville, TN 37876
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,736 Ft²
$245,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Buyer's home did not close so we are back on the market! Here is your chance to own a private 3BR/2BA home on 2.99 acres. Winter mtn views and all the time views from the top. An expansive covered front porch make the outdoor area super comfortable. The beautiful potted fig trees in front will remain. There is a great room with fireplace and a large dining area. The kitchen is huge and has an island and pantry. Split bedroom design and off the main bedroom is an extra room that could be converted to a large walk in closet. You can hear the Dollywood train whistle from here and see their fireworks. Home needs some TLC but has the potential to be fabulous. Selling "As Is". No drive bys -- animals present.
Unit Size
1,736 Ft²
Days on Market
-
Land Size
2.99 acres
Price per sqft
$141
Property Type
House
Property Taxes
$24
HOA Dues
-
Year Built
2003

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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: 3 months ago (Realtracs #RTC3300862)

Price History

Date / Event Date Event Price
Nov 13, 2023 Sold
Premium
Sold
Apr 13, 2023 Listed by eXp Realty $245,000
Listed by eXp Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 130,244
  • Total Building Area: 1,736
  • Gross Building Area: 1,736
  • Building Area: 1,736
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,736
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIMOTHY J WALLACE
  • Land Acres: 0000002990
  • Standard Land Use Code: 1006
  • County Land Use Code: MH5
  • State Land Use Code: C00
  • Mobile Home Indicator: T
  • Legal Description 1: DISTRICT: 05, COUNTY AREA: J01

Neighborhood

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

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 106
  • District: 05
  • Parcel: 106-056.06
  • Municipality: SEVIER COUNTY
  • Latitude: 35.7717
  • Longitude: -83.5072

    Address

  • Full Address: 2035 Mountain Spring Way
  • Address - House Number: 2035
  • Address - Street Name: Mountain Spring
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R027
  • 4-Digit Zip Code: 8863
  • Zip Code: 37876

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $28,900
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.0876
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 238,395
  • High Value: 259,284
  • Low Value: 217,507

    Market Valuation

  • Market Total Value: $78,200
  • Market Land Value: $41,500
  • Market Improvement Value: $36,700

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $19,550
  • Assessed Land Value: $10,375
  • Assessed Improvements Value: $9,175

    Sales

  • Current Sale Contract Date: Nov 13, 2023
  • Current Sale Recording Date: Nov 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 34098
  • Previous Sale Recording Date: Feb 29, 2016
  • Previous Sale Contract Date: Feb 29, 2016
  • Previous Sale Amount: $119,900
  • 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

1890 ft²

Average Home Age

22.7 years

Currently For Sale

2386 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: Renee Stiles, eXp Realty
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3300862
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 2035 Mountain Spring Way built and last sold?
The property at 2035 Mountain Spring Way was built in 2003 and last sold on Nov 13, 2023 for $248,500.
How much is this home worth?
The estimated value of the home located at 2035 Mountain Spring Way is $263,214.
What are some comparable homes to 2035 Mountain Spring Way?
There are currently no comparable homes to 2035 Mountain Spring Way.
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