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Sevier 37876
2879 Eledge Lane
Photo of 2879 Eledge Lane
Sold on Jan 15, 2025

23

Map

Photo of 2879 Eledge Lane
Photo of 2879 Eledge Lane
$215,000
● House - Off Market

2879 Eledge Lane

Sevierville, TN 37876
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,421 Ft²
$1,339
Est. Monthly

About This Property

This 3-bedroom, 2-bathroom home is a diamond in the rough, located on a spacious corner lot with a flat yard and an old pool deck. With an attached garage and a cozy wood-burning fireplace, the home offers great potential for renovation. Currently gutted and ready for a complete overhaul, the property features a fresh canvas with walls and ceilings primed with Kilz twice. The home is on a well but has public water available, and while the supply lines and duct vents were removed, this creates an opportunity to customize the layout to your liking. Perfect for investors, fix-and-flip projects, or first-time homebuyers looking to take advantage of renovation loans. The appraisal has been completed as-is,, and this property is ready for your vision to bring it back to life.
Unit Size
1,421 Ft²
Days on Market
-
Land Size
0.72 acres
Price per sqft
$186
Property Type
House
Property Taxes
$37
HOA Dues
-
Year Built
1994

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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 #RTC3286548)

Price History

Date / Event Date Event Price
Jan 15, 2025 Sold
Premium
Sold
Jan 3, 2025 Listed by Century 21 Legacy $265,000
Listed by Century 21 Legacy

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • 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: 1
  • Garage Square Area: 616
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 31,363
  • Lot Size Depth Feet: 1,883
  • Lot Size Frontage Feet: 1,551
  • Total Building Area: 1,792
  • Gross Building Area: 1,792
  • Building Area: 1,176
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 4
  • Heating: 24
  • Heated Square Feet: 1,176
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELEDGE LANE
  • Land Acres: 0000000720
  • 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 10 155.07 X 188.31 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-008.00
  • Lot: 10
  • Municipality: SEVIER COUNTY
  • Latitude: 35.8823
  • Longitude: -83.4289

    Address

  • Full Address: 2879 Eledge Ln
  • Address - House Number: 2879
  • 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: 1,176
  • Tax Year: 2023
  • Tax Amount: $44,500
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 419,571
  • High Value: 612,210
  • Low Value: 226,931

    Market Valuation

  • Market Total Value: $120,200
  • Market Land Value: $31,600
  • Market Improvement Value: $88,600

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $30,050
  • Assessed Land Value: $7,900
  • Assessed Improvements Value: $22,150

    Sales

  • Current Sale Recording Date: Feb 17, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 20, 2004
  • Previous Sale Amount: $119,000
  • 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 Sevier

Stats & Trends

Median Asking:

$575,000

Sale Price/ft²

$337

Below Asking

0.02%

Average Days on Market

97

Average Home Size

1909 ft²

Average Home Age

22.7 years

Currently For Sale

2450 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: Thomas Workman, Century 21 Legacy
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3286548
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 2879 Eledge Lane built and last sold?
The property at 2879 Eledge Lane was built in 1994 and last sold on Jan 1, 1970 for $123,000.
How much is this home worth?
The estimated value of the home located at 2879 Eledge Lane is $277,270.
What are some comparable homes to 2879 Eledge Lane?
There are currently no comparable homes to 2879 Eledge Lane.
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