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2131 Trace Way

2131 Trace Way, Sevierville, TN 37862
House in Sevier
2131 Trace Way in Sevierville, TN was first built in 2002 and is 22 years old. This has been categorized as a commercial property type. For those interested in architecture, the building on the property was built in a custom style. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 2131 Trace Way has 1,542 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 720 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 59,677 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable or hip style roof made of composition shingle. Water for the property is sourced from a water system. The property is connected to a sewer system. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of unknown. While the interior walls are made of paneling. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heat pump. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2131 Trace Way sold most recently in Jul 10, 2019 for a total of $230,000. If you work out the math, that's approximately a cost of $149.16 per sqft. Before that, the property was also sold for $185,000 in Jan 1, 1970. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,465 in taxes each year. 2131 Trace Way was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $98,960. If we break it down further, the land itself was valued at $10,360. Improvements to the property, however, were assessed at a total of $88,600. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Custom
  • Interior Walls Type: Paneling
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Finished improved basement
  • Basement Area: 720
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 59,677
  • Total Building Area: 1,542
  • Gross Building Area: 1,542
  • Building Area: 1,542
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,542
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Commercial
  • Subdivision: TRACE TWO HUNDRED
  • Land Acres: 1.37
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: TRACE TWO HUNDRED PB 21 PG 64 LOT 21 TS#356

Ownership

  • Current Owner : SINGH SUKHBIR
  • Current Owner 2: CHAHAL GURVEEN
  • Previous Owner : DYER CLIFTON EUGENE
  • Owner Before Previous Owner: MORGAN WILLIE D
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 104
  • District: 16
  • Parcel: 104-093.00
  • Lot: 21
  • Municipality: SEVIER COUNTY
  • Latitude: 35.7665
  • Longitude: -83.6159

    Address

  • Full Address: 2131 Trace Way
  • Address - House Number: 2131
  • Address - Street Name: Trace
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Sevierville
  • Zip Code: 37862

Valuation

    Tax

  • Total Area: 822
  • Tax Year: 2023
  • Tax Amount: $1,465
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.2777
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 60
  • Final Value: 527,554
  • High Value: 674,075
  • Low Value: 381,034

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $360,000
  • First Open Lien Mortgage Lender: WILSON BANK & TRUST
  • First Open Lien Mortgage Recording Date: Sep 13, 2022
  • First Open Lien Mortgage Loan Amount: $360,000
  • First Open Lien Mortgage Term: 24
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 24, 2024

    Market Valuation

  • Market Total Value: $247,400
  • Market Land Value: $25,900
  • Market Improvement Value: $221,500

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $98,960
  • Assessed Land Value: $10,360
  • Assessed Improvements Value: $88,600

    Sales

  • Current Sale Contract Date: Jul 10, 2019
  • Current Sale Recording Date: Jul 12, 2019
  • Current Sale Transaction ID: 11621623737
  • Current Sale Price: $230,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19021558
  • Previous Sale Recording Date: Jul 16, 2009
  • Previous Sale Amount: $185,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • First Mortgage Transaction Date: Jul 12, 2019
  • First Mortgage Loan Amount: $207,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2049

About Sevier



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Frequently Asked Questions

What neighborhood is 2131 Trace Way located in?
The 2131 Trace Way is a house located in the neighborhood of Sevier in Sevier, Sevierville.
What is the average sales price for listings in 2131 Trace Way?
The average sales price for units in 2131 Trace Way is $0 currently.

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