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Sevier 37876
2720 Holly Drive
$180,000
● Land - Off Market

2720 Holly Drive

Sevierville, TN 37876
bedrooms
Studio
bathrooms
0 Bath
$650,625
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Much potential for this property. This property  has a 4972 SF Warehouse with 3.44 acres on this lot 47, per Tax record. Warehouse needs electrical redone. Has set vacant for some time. Sellers are not sure of other needed repairs, depends on what someone would want it for. Only minutes from New Center School and the new LeConte Medical Center ,Dollywood, and shopping. Also Food City, Walgreens and many others. Priced to Sell  !! Bring all offers !!
Unit Size
-
Days on Market
314 days
Land Size
3.44 acres
Price per sqft
-
Property Type
Land
Property Taxes
$75
HOA Dues
-
Year Built
1987

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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: 7 months ago ( #225250)

Price History

Date / Event Date Event Price
Aug 25, 2020 Sold
Premium
Sold
Oct 16, 2019 Listed by Smoky Mtns Real Estate, LLC $475,000
Listed by Smoky Mtns Real Estate, LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 12
  • Building Style: 25
  • Exterior Walls Type: 7
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Business/Commerical Units Count: 1
  • Floor Cover: 2
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 172,498
  • Total Building Area: 4,972
  • Gross Building Area: 4,972
  • Building Area: 4,972
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 24
  • Heated Square Feet: 4,972
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THUNDER RIDGE
  • Land Acres: 0000003960
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • State Land Use Code: C00
  • Legal Description 1: THUNDER RIDGE PB 44 PG 72 LOT 47R

Neighborhood

  • School District Name: Sevier County School District
  • Census Tract: 080604

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 041P
  • District: 03
  • Parcel: 041P-A-024.00
  • Lot: 47R
  • Municipality: SEVIER COUNTY
  • Latitude: 35.8845
  • Longitude: -83.4417

    Address

  • Full Address: 2720 Holly Dr
  • Address - House Number: 2720
  • Address - Street Name: Holly
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R028
  • 4-Digit Zip Code: 2215
  • Zip Code: 37876

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $41,000
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 415,929
  • High Value: 606,896
  • Low Value: 224,961

    Market Valuation

  • Market Total Value: $110,900
  • Market Land Value: $51,800
  • Market Improvement Value: $59,100

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $27,725
  • Assessed Land Value: $12,950
  • Assessed Improvements Value: $14,775

    Sales

  • Current Sale Contract Date: Aug 25, 2020
  • Current Sale Recording Date: Aug 27, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20029485
  • Previous Sale Recording Date: Aug 28, 2006
  • 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:

$550,000

Sale Price/ft²

$332

Below Asking

0.02%

Average Days on Market

99

Average Home Size

2196 ft²

Average Home Age

22.6 years

Currently For Sale

2486 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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Frequently Asked Questions

When was property at 2720 Holly Drive built and last sold?
The property at 2720 Holly Drive was built in 1987 and last sold on Aug 25, 2020 for $180,000.
How much is this home worth?
The estimated value of the home located at 2720 Holly Drive is $479,750.
What are some comparable homes to 2720 Holly Drive?
There are currently no comparable homes to 2720 Holly Drive.
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