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Sevier 37876
2218 Kerr Rd
Photo of 2218 Kerr Rd
Sold on Jan 10, 2022

28

Map

Photo of 2218 Kerr Rd
Photo of 2218 Kerr Rd
$450,000
● Land - Off Market

2218 Kerr Rd

Sevierville, TN 37876
bedrooms
Studio
bathrooms
0 Bath
$540,714
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Rarely does the opportunity arise to own 3 parcels of lakefront property on Douglas Lake in Sevier County! All three parcels are being offered together for the first time totaling approx 4.26 acres with 492.15 ft LAKE FRONTAGE (based on survey)! Perfect for your very own private family retreat or to build rental cabins for investment. Private and wooded with no restrictions! There is a well in place for water. There are two septic tanks in place on the property. Two trailers are currently on property and a well pump house. Did I mention there is also an existing dock already in place! Located just minutes away from all the shopping and attractions of Pigeon Forge and Gatlinburg makes this a rare find. Truly a Diamond in the rough! Shown by Appointment only. Call Today!
Unit Size
-
Days on Market
70 days
Land Size
4.26 acres
Price per sqft
-
Property Type
Land
Property Taxes
$49
HOA Dues
-
Year Built
1984

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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: 4 months ago (Realtracs #RTC2997016)

Price History

Date / Event Date Event Price
Jan 10, 2022 Sold
Premium
Sold
Oct 14, 2021 Listed by Wallace $499,900
Listed by Wallace

Property Highlights

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 6
  • Building Quality: 7
  • 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: 92
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 82,328
  • Total Building Area: 840
  • Gross Building Area: 840
  • Building Area: 840
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 840
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SURVEY RECORDED
  • Land Acres: 0000001890
  • Standard Land Use Code: 1006
  • County Land Use Code: MH3
  • State Land Use Code: C00
  • Mobile Home Indicator: T
  • Legal Description 1: SURVEY RECORDED PB 33 PG 196 LOT 2-B

Neighborhood

  • School District Name: Sevier County School District
  • Census Tract: 080603

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 019
  • District: 15
  • Parcel: 019-040.00
  • Lot: 2B
  • Municipality: SEVIER COUNTY
  • Latitude: 35.9289
  • Longitude: -83.5132

    Address

  • Full Address: 2218 Kerr Rd
  • Address - House Number: 2218
  • Address - Street Name: Kerr
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R001
  • 4-Digit Zip Code: 0840
  • Zip Code: 37876

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $24,300
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 398,266
  • High Value: 581,123
  • Low Value: 215,408

    Market Valuation

  • Market Total Value: $65,800
  • Market Land Value: $56,400
  • Market Improvement Value: $9,400

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $16,450
  • Assessed Land Value: $14,100
  • Assessed Improvements Value: $2,350

    Sales

  • Current Sale Contract Date: Jan 10, 2022
  • Current Sale Recording Date: Jan 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1492
  • Previous Sale Recording Date: Apr 07, 2008
  • Previous Sale Amount: $184,000
  • 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:

$554,000

Sale Price/ft²

$333

Below Asking

0.02%

Average Days on Market

98

Average Home Size

2190 ft²

Average Home Age

22.8 years

Currently For Sale

2489 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: Mark Nichols, Wallace
Last Updated: 4 months ago
Data Source: Realtracs, MLS# RTC2997016
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 2218 Kerr Road built and last sold?
The property at 2218 Kerr Road was built in 1984 and last sold on Jan 10, 2022 for $450,000.
How much is this home worth?
The estimated value of the home located at 2218 Kerr Road is $504,899.
What are some comparable homes to 2218 Kerr Road?
There are currently no comparable homes to 2218 Kerr Road.
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