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Sevier 37876
2843 Eledge Lane
Photo of 2843 Eledge Lane
Sold on Apr 5, 2019

31

Map

Photo of 2843 Eledge Lane
Photo of 2843 Eledge Lane
$157,000
● House - Off Market

2843 Eledge Lane

Sevierville, TN 37876
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,144 Ft²
$237,276
RealtyHop Estimate
48.39%
Since May 1, 2019
National-US
Primary Model

About This Property

Very nice, well kept home in a quiet subdivision just behind New Center School. Nice big yard, paved driveway and parking. Walking distance to New Center School, and super convenient to Sevierville and Pigeon Forge! All new engineered wood laminate flooring in Living room, bedrooms and hallway. Enclosed and finished out screened porch to create a lovely 200 sq ft addition that can be used as a home office, kids playroom, or study.
Unit Size
1,144 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$140
Property Type
House
Property Taxes
$39
HOA Dues
-
Year Built
1993

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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: 2 months ago (Realtracs #RTC3237333)

Price History

Date / Event Date Event Price
Mar 28, 2024 Sold
Premium
Sold
Dec 14, 2023 Listed by Nikki Thomas Real Estate Co. $281,900
Listed by Nikki Thomas Real Estate Co.
Priced to Sell!! Move in Ready!! Beautiful 3 bedroom, 2 bath cedar rancher with four season sunroom and 2 car garage situated on .55 acres in a nice established neighborhood. This home offers open concept living room/kitchen, nice master bedroom en suite, 2 additional bedrooms, sunroom with lots of windows, dedicated laundry/mudroom, outbuilding and additional store on carport. Situated on a private lot, where you can enjoy the mountain views from your private back yard. All appliances included. Has new washer/dryer 2019, stainless steel appliances, dishwasher that's wifi compatible, water softener system, 30 amp camper hookup, new HVAC and hot water heater, gutter guards and more!
Apr 5, 2019 Sold
Premium
Sold
Feb 12, 2019 Listed by Prime Mountain Properties $159,900
Listed by Prime Mountain Properties
Jul 28, 2016 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 2014
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 25
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 34
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,958
  • Lot Size Depth Feet: 1,740
  • Lot Size Frontage Feet: 1,400
  • Total Building Area: 1,144
  • Gross Building Area: 1,144
  • Building Area: 1,144
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 1,144
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELEDGE LANE
  • Land Acres: 0000000550
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: C00
  • Legal Description 1: ELEDGE LANE PB 27 PG 178 LOT 6 140.02 X 173.97 IRR

Neighborhood

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

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 041O
  • District: 03
  • Parcel: 041O-D-004.00
  • Lot: 6
  • Municipality: SEVIER COUNTY
  • Latitude: 35.8823
  • Longitude: -83.4319

    Address

  • Full Address: 2843 Eledge Ln
  • Address - House Number: 2843
  • Address - Street Name: Eledge
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R031
  • 4-Digit Zip Code: 2277
  • Zip Code: 37876

Valuation

    Tax

  • Total Area: 1,144
  • Tax Year: 2023
  • Tax Amount: $59,900
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.0915
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 276,258
  • High Value: 301,554
  • Low Value: 250,961

    Market Valuation

  • Market Total Value: $161,900
  • Market Land Value: $29,100
  • Market Improvement Value: $132,800

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $40,475
  • Assessed Land Value: $7,275
  • Assessed Improvements Value: $33,200

    Sales

  • Current Sale Contract Date: Mar 27, 2024
  • Current Sale Recording Date: Apr 01, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8230
  • Previous Sale Recording Date: Apr 05, 2019
  • Previous Sale Contract Date: Apr 05, 2019
  • Previous Sale Amount: $157,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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:

$557,000

Sale Price/ft²

$333

Below Asking

0.02%

Average Days on Market

98

Average Home Size

2189 ft²

Average Home Age

22.8 years

Currently For Sale

2485 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: Betsy Reagan, Prime Mountain Properties
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3237333
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 2843 Eledge Lane built and last sold?
The property at 2843 Eledge Lane was built in 1993 and last sold on Mar 27, 2024 for $280,000.
How much is this home worth?
The estimated value of the home located at 2843 Eledge Lane is $281,369.
What are some comparable homes to 2843 Eledge Lane?
There are currently no comparable homes to 2843 Eledge Lane.
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