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Pigeon Forge 37863
2324 Waterfall Way
$620,000
● House - Off Market

2324 Waterfall Way

Pigeon Forge, TN 37863
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,496 Ft²
$788,664
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model

About This Property

Sold before listed
Unit Size
2,496 Ft²
Days on Market
-
Land Size
-
Price per sqft
$248
Property Type
House
Property Taxes
$87
HOA Dues
$150
Year Built
2002

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 5 months ago (Realtracs #RTC3240678)

Price History

Date / Event Date Event Price
Feb 11, 2021 Listed by All Pro Realtors, LLC $620,000
Listed by All Pro Realtors, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 6
  • 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: 2
  • Basement Area: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,880
  • Gross Building Area: 2,880
  • Building Area: 2,880
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 2,880
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: ALPINE MTN VILLAGE PH1
  • Land Acres: 0000001000
  • Standard Land Use Code: 2000
  • County Land Use Code: 08
  • State Land Use Code: C00
  • Legal Description 1: ALPINE MTN VILLAGE PH1 PB 34 PG 32 LOT 6 PHASE 1

Neighborhood

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

Zoning

  • Zoning: C-4

Geography

  • Assessors Map Reference: 083B
  • District: 05
  • Parcel: 083B-D-001.00-006
  • Lot: 6
  • Municipality: PIGEON FORGE
  • Latitude: 35.8142
  • Longitude: -83.5705

    Address

  • Full Address: 2324 Waterfall Way
  • Address - House Number: 2324
  • Address - Street Name: Waterfall
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Pigeon Forge
  • Zip Code: 37863

Valuation

    Tax

  • Total Area: 960
  • Tax Year: 2023
  • Tax Amount: $69,400
  • Tax Rate Code Area: 78A02

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 577,870
  • High Value: 843,190
  • Low Value: 312,549

    Market Valuation

  • Market Total Value: $524,400
  • Market Land Value: $60,000
  • Market Improvement Value: $464,400

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $209,760
  • Assessed Land Value: $24,000
  • Assessed Improvements Value: $185,760

    Sales

  • Current Sale Contract Date: Nov 17, 2016
  • Current Sale Recording Date: Nov 28, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 16053501
  • Previous Sale Recording Date: May 10, 2004
  • Previous Sale Amount: $325,000
  • 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 Pigeon Forge

Stats & Trends

Median Asking:

$562,500

Sale Price/ft²

$364

Below Asking

0.03%

Average Days on Market

103

Average Home Size

1650 ft²

Average Home Age

22.2 years

Currently For Sale

280 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: Patrick Malone, All Pro Realtors, LLC
Last Updated: 5 months ago
Data Source: Realtracs, MLS# RTC3240678
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 2324 Waterfall Way built and last sold?
The property at 2324 Waterfall Way was built in 2002 and last sold on Nov 17, 2016 for $325,000.
How much is this home worth?
The estimated value of the home located at 2324 Waterfall Way is $626,200.
What are some comparable homes to 2324 Waterfall Way?
There are currently no comparable homes to 2324 Waterfall Way.
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