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Sevier 37862
2965 Indigo Lane
Photo of 2965 Indigo Lane
Sold on Apr 5, 2021

40

Map

Photo of 2965 Indigo Lane
Photo of 2965 Indigo Lane
$160,000
● House - Off Market

2965 Indigo Lane

Sevierville, TN 37862
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,526 Ft²
$182,289
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

BEAUTIFUL Mountain View! Loads of potential for anyone with a vision. Convenient location just off Wears Valley Road. Easy access to Pigeon Forge, Foothills Parkway, and Great Smoky Mountain National Park. Home was previously rented to long term tenant & needs clean up and updating. If you are looking for a project with LOTS of potential, you should take a look! Over 2 acres unrestricted, not in subdivision. 3 bedroom and bonus room. 2 full baths. Cathedral ceiling in main living room. Wood burning fireplace in main living room AND a wood stove on 1st level. Baseboard heating and wall AC. Wrap around deck. Large crawl space for additional storage. ** CURRENTLY MULTIPLE OFFERS. HIGHEST & BEST DUE BY 12pm, FRIDAY, MARCH 19, 2021.**
Unit Size
1,526 Ft²
Days on Market
-
Land Size
2.30 acres
Price per sqft
$98
Property Type
House
Property Taxes
$48
HOA Dues
-
Year Built
2023

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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 #RTC3277795)

Price History

Date / Event Date Event Price
Apr 5, 2021 Sold
Premium
Sold
Mar 14, 2021 Listed by New Direction Real Estate $149,900
Listed by New Direction Real Estate

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 2023
  • Effective Year Built: 2023
  • 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: 58
  • Exterior Walls Type: 11
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 6
  • Basement Area: 1,051
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 1,880
  • Lot Size Frontage Feet: 3,680
  • Total Building Area: 1,846
  • Gross Building Area: 1,846
  • Building Area: 1,590
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 1,590
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: C00
  • Legal Description 1: 368.1 X 188 X IRR

Neighborhood

  • School District Name: Sevier County School District
  • Census Tract: 080901

Zoning

  • Zoning: A-1

Geography

  • Assessors Map Reference: 113
  • District: 06
  • Parcel: 113-010.00
  • Municipality: SEVIER COUNTY
  • Latitude: 35.7368
  • Longitude: -83.6418

    Address

  • Full Address: 2965 Indigo Ln
  • Address - House Number: 2965
  • Address - Street Name: Indigo
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R029
  • 4-Digit Zip Code: 8350
  • Zip Code: 37862

Valuation

    Tax

  • Total Area: 795
  • Tax Year: 2023
  • Tax Amount: $8,700
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 391,413
  • High Value: 571,124
  • Low Value: 211,701

    Market Valuation

  • Market Total Value: $230,400
  • Market Land Value: $23,400
  • Market Improvement Value: $207,000

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $57,600
  • Assessed Land Value: $5,850
  • Assessed Improvements Value: $51,750

    Sales

  • Current Sale Contract Date: Aug 04, 2021
  • Current Sale Recording Date: Aug 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21029790
  • Previous Sale Recording Date: Apr 07, 2021
  • Previous Sale Contract Date: Apr 05, 2021
  • Previous Sale Amount: $160,000
  • 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 Sevier

Stats & Trends

Median Asking:

$575,000

Sale Price/ft²

$338

Below Asking

0.02%

Average Days on Market

97

Average Home Size

1890 ft²

Average Home Age

22.7 years

Currently For Sale

2386 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: Missy Norris, New Direction Real Estate
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3277795
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 2965 Indigo Lane built and last sold?
The property at 2965 Indigo Lane was built in 2023 and last sold on Aug 4, 2021 for $50,000.
How much is this home worth?
The estimated value of the home located at 2965 Indigo Lane is $169,821.
What are some comparable homes to 2965 Indigo Lane?
There are currently no comparable homes to 2965 Indigo Lane.
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