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Sevier 37876
2228 Legend Drive
Photo of 2228 Legend Drive
Sold on Aug 14, 2023

44

Map

Photo of 2228 Legend Drive
Photo of 2228 Legend Drive
$1,100,000
● House - Off Market

2228 Legend Drive

Sevierville, TN 37876
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,984 Ft²
$993,404
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Classic Smoky Mountain cabin minutes from the Arts & Crafts Community of Gatlinburg with easy access to all attractions of Sevierville, Pigeon Forge, and Gatlinburg. This handsome log cabin features 4 beds 4.5 baths and an indoor pool! Custom hand carved wood posts adorn the main level and loft, you dont see these carvings in new construction! Prolific income producer for many years and will continue to be a strong one for years to come! Video Walkthru: https://tyler-fraser-real-estate-photography.aryeo.com/videos/9e742f0f-6fc0-4552-9b60-f2c44430dc70
Unit Size
3,984 Ft²
Days on Market
-
Land Size
0.65 acres
Price per sqft
$251
Property Type
House
Property Taxes
$189
HOA Dues
-
Year Built
2006

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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 #RTC3289449)

Price History

Date / Event Date Event Price
Aug 14, 2023 Sold
Premium
Sold
Jul 5, 2023 Listed by Century 21 MVP $999,000
Listed by Century 21 MVP

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Bathroom Plumbing Fixtures: 20
  • 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: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 3
  • Basement Area: 1,404
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 28,314
  • Lot Size Depth Feet: 1,140
  • Lot Size Frontage Feet: 3,561
  • Total Building Area: 3,984
  • Gross Building Area: 3,984
  • Building Area: 3,984
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 3,984
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STORYBOOK VIEW
  • Land Acres: 0000000650
  • Standard Land Use Code: 1001
  • County Land Use Code: 03
  • State Land Use Code: C00
  • Legal Description 1: STORYBOOK VIEW PB 35 PG 218 LOT 18 356.07 X 113.96 IRR

Neighborhood

  • School District Name: Sevier County School District
  • Census Tract: 080701

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 097P
  • District: 02
  • Parcel: 097P-B-018.00
  • Lot: 18
  • Municipality: SEVIER COUNTY
  • Latitude: 35.7751
  • Longitude: -83.442

    Address

  • Full Address: 2228 Legend Dr
  • Address - House Number: 2228
  • Address - Street Name: Legend
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R027
  • 4-Digit Zip Code: 9304
  • Zip Code: 37876

Valuation

    Tax

  • Total Area: 1,404
  • Tax Year: 2023
  • Tax Amount: $226,200
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.2538
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 64
  • Final Value: 1,169,346
  • High Value: 1,466,175
  • Low Value: 872,518

    Market Valuation

  • Market Total Value: $611,300
  • Market Land Value: $29,000
  • Market Improvement Value: $582,300

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $152,825
  • Assessed Land Value: $7,250
  • Assessed Improvements Value: $145,575

    Sales

  • Current Sale Contract Date: Aug 14, 2023
  • Current Sale Recording Date: Aug 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 25270
  • Previous Sale Recording Date: Apr 04, 2011
  • Previous Sale Contract Date: Mar 31, 2011
  • Previous Sale Amount: $900,000
  • 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:

$579,900

Sale Price/ft²

$338

Below Asking

0.02%

Average Days on Market

97

Average Home Size

1887 ft²

Average Home Age

22.8 years

Currently For Sale

2359 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: Deborah Korlin, Century 21 MVP
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3289449
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 2228 Legend Drive built and last sold?
The property at 2228 Legend Drive was built in 2006 and last sold on Aug 14, 2023 for $1,100,000.
How much is this home worth?
The estimated value of the home located at 2228 Legend Drive is $1,008,990.
What are some comparable homes to 2228 Legend Drive?
There are currently no comparable homes to 2228 Legend Drive.
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