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Sevier 37876
2115 Rabbit Point Way #BEARMOUNTAINHIDEAWAY
Photo of Unit BEARMOUNTAINHIDEAWAY at 2115 Rabbit Point Way
Sold on Aug 26, 2021

11

Map

Photo of Unit BEARMOUNTAINHIDEAWAY at 2115 Rabbit Point Way
Photo of Unit BEARMOUNTAINHIDEAWAY at 2115 Rabbit Point Way
$500,000
● House - Off Market

2115 Rabbit Point Way #BEARMOUNTAINHIDEAWAY

Sevierville, TN 37876
bedrooms
1 Bed
bathrooms
2 Baths, 1 Half Bath
square feet
2,040 Ft²
$572,106
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

This cabin is less than 10 minutes from Dollywood and Pigeon Forge, located on a dead end road that has a total of 4 cabins on it. This short dead end road provides lots of privacy. The current owner has made many improvements to the cabin include flooring, washer and dryer, 1/2 bath and finishing the lower level, Tongue and groove pine in the main bedroom and in the loft bonus room. Roof and A/C are less than 5 years old. Game room equipped with air hockey and foosball. Currently using 2 bonus rooms for sleeping quarters which allows for accommodations for sleeping 8. There is a large extra storage area in the basement accessible from the exterior only. Property being Sold "As Is".
Unit Size
2,040 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$245
Property Type
House
Property Taxes
$49
HOA Dues
-
Year Built
1994

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Cap Rate Calculator

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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 #RTC3274239)

Price History

Date / Event Date Event Price
Aug 26, 2021 Sold
Premium
Sold
Jun 4, 2021 Listed by Crye-Leike REALTORS, South Inc. $499,900
Listed by Crye-Leike REALTORS, South Inc.

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • 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: 6
  • Basement Area: 600
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 125
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 20,038
  • Lot Size Depth Feet: 2,842
  • Lot Size Frontage Feet: 1,809
  • Total Building Area: 2,040
  • Gross Building Area: 2,280
  • Building Area: 2,280
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: SILVER MINE HOLLOW
  • Land Acres: 0000000460
  • Standard Land Use Code: 2000
  • County Land Use Code: 08
  • State Land Use Code: C00
  • Legal Description 1: SILVER MINE HOLLOW PB 29 PG 278 LOT 8A1 180.9 X 284.2 IRR

Neighborhood

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

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 084M
  • District: 13
  • Parcel: 084M-G-008.00
  • Lot: 8A1
  • Municipality: SEVIER COUNTY
  • Latitude: 35.7977
  • Longitude: -83.5047

    Address

  • Full Address: 2115 Rabbit Point Way
  • Address - House Number: 2115
  • Address - Street Name: Rabbit Point
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Sevierville
  • Zip Code: 37876

Valuation

    Tax

  • Total Area: 840
  • Tax Year: 2023
  • Tax Amount: $138,700
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.2759
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 60
  • Final Value: 544,797
  • High Value: 695,161
  • Low Value: 394,434

    Market Valuation

  • Market Total Value: $234,300
  • Market Land Value: $14,400
  • Market Improvement Value: $219,900

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $93,720
  • Assessed Land Value: $5,760
  • Assessed Improvements Value: $87,960

    Sales

  • Current Sale Contract Date: Oct 03, 2023
  • Current Sale Recording Date: Oct 04, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 30125
  • Previous Sale Recording Date: Aug 27, 2021
  • Previous Sale Contract Date: Aug 25, 2021
  • Previous Sale Amount: $500,000
  • 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

$337

Below Asking

0.02%

Average Days on Market

97

Average Home Size

1906 ft²

Average Home Age

22.7 years

Currently For Sale

2421 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

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Realtracs

Listed by: Robert Warner, Crye-Leike REALTORS, South Inc.
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3274239
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 2115 Rabbit Point Way built and last sold?
The property at 2115 Rabbit Point Way was built in 1994 and last sold on Oct 3, 2023 for $575,000.
How much is this home worth?
The estimated value of the home located at 2115 Rabbit Point Way is $610,491.
What are some comparable homes to 2115 Rabbit Point Way?
There are currently no comparable homes to 2115 Rabbit Point Way.
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