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Pigeon Forge 37863
2312 River Port Way
Photo of 2312 River Port Way
Sold on Jan 7, 2022

14

Map

Photo of 2312 River Port Way
Photo of 2312 River Port Way
$380,000
● House - Off Market

2312 River Port Way

Pigeon Forge, TN 37863
bedrooms
Studio
bathrooms
1 Bath
square feet
547 Ft²
$345,045
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

MULTIPLE OFFERS- HIGHEST AND BEST OFFERS ARE DUE IN BY TOMORROW NOV. 28TH @ 5 PM WITH A RESPONSE TIME OF 9 PM!! GREAT LOCATION- In the Heart of Pigeon Forge, this cozy studio log cabin is completely furnished and decorated beautifully. This charming cabin is on AIRBNB (Social Distancing @ River Magic) and has incredible rental history close to $40K for 2020 and over $45k for 2021. This amazing cabin is located just minutes away from the Great Smoky Mountains, amusements, shopping and dinner entertainment! Superb overnight rental or vacation home!! Deck is being replaced in December.
Unit Size
547 Ft²
Days on Market
-
Land Size
-
Price per sqft
$583
Property Type
House
Property Taxes
$45
HOA Dues
$90
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: 28 days ago (Realtracs #RTC3553054)

Price History

Date / Event Date Event Price
Jan 7, 2022 Sold
Premium
Sold
Nov 27, 2021 Listed by RE/MAX Preferred Properties $319,000
Listed by RE/MAX Preferred Properties
Aug 9, 2019 Sold
Premium
Sold
Jul 3, 2019 Listed by RE/MAX Adventure Realty $162,400
Listed by RE/MAX Adventure Realty
Located in the Heart of Pigeon Forge, adjacent to the West Prong of the Little Pigeon River, this Studio Log Cabin is just minutes away from amusements, shopping and dinner entertainment! Completely furnished and decorated this charming cabin could make a great vacation home or overnight rental.
Aug 18, 2017 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 25
  • Interior Walls Type: 18
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 547
  • Gross Building Area: 547
  • Building Area: 547
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 547
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: RIVER PORT RESORT
  • Land Acres: 0000001000
  • Standard Land Use Code: 2000
  • County Land Use Code: 08
  • State Land Use Code: 07
  • Legal Description 1: RIVER PORT RESORT PB LM6 PG 13 LOT 5

Neighborhood

  • School District Name: Sevier County School District
  • School Tax School District: 78576
  • Census Tract: 081002

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: 082D
  • District: 05
  • Parcel: 082D-A-001.00-005
  • Lot: 5
  • Municipality: PIGEON FORGE
  • Latitude: 35.8133
  • Longitude: -83.594

    Address

  • Full Address: 2312 River Port Way
  • Address - House Number: 2312
  • Address - Street Name: River Port
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Pigeon Forge
  • Zip Code: 37863

Valuation

    Tax

  • Total Area: 547
  • Tax Year: 2023
  • Tax Amount: $19,400
  • Tax Rate Code Area: 78A02

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 430,224
  • High Value: 627,754
  • Low Value: 232,693

    Market Valuation

  • Market Total Value: $147,400
  • Market Land Value: $25,000
  • Market Improvement Value: $122,400

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $58,960
  • Assessed Land Value: $10,000
  • Assessed Improvements Value: $48,960

    Sales

  • Current Sale Contract Date: Aug 09, 2019
  • Current Sale Recording Date: Aug 13, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 19025228
  • Previous Sale Recording Date: Aug 22, 2017
  • Previous Sale Contract Date: Aug 18, 2017
  • Previous Sale Amount: $137,500
  • 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 Pigeon Forge

Stats & Trends

Median Asking:

$529,900

Sale Price/ft²

$364

Below Asking

0.02%

Average Days on Market

105

Average Home Size

1921 ft²

Average Home Age

22.9 years

Currently For Sale

266 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: Michelle Fellin, RE/MAX Preferred Properties
Last Updated: 28 days ago
Data Source: Realtracs, MLS# RTC3553054
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 2312 Riverport Way built and last sold?
The property at 2312 Riverport Way was built in 2006 and last sold on Aug 9, 2019 for $167,000.
How much is this home worth?
The estimated value of the home located at 2312 Riverport Way is $315,093.
What are some comparable homes to 2312 Riverport Way?
There are currently no comparable homes to 2312 Riverport Way.
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