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Sevier 37876
305 Murphy Farm Way
Photo of 305 Murphy Farm Way
Sold on Jul 3, 2020

6

Map

Photo of 305 Murphy Farm Way
Photo of 305 Murphy Farm Way
$306,000
● House - Off Market

305 Murphy Farm Way

Sevierville, TN 37876
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,769 Ft²
$415,826
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

Amazing opportunity to own a new construction on a over 1 acre lot with utility water just minutes to town. This home will be breaking ground in October. This you chance to pick your colors and own your brand new dream home. Three bedroom 2 bath split floorplan on a beautiful wooded lot in Allenridge estates. Call to discuss options and walk the property. See map in pics lots 2 and 3 are sold. This is a spec home not a custom home. Owner is willing to sell lot without building.
Unit Size
1,769 Ft²
Days on Market
-
Land Size
1.25 acres
Price per sqft
$170
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2020

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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: 4 months ago (Realtracs #RTC3283560)

Price History

Date / Event Date Event Price
Jul 3, 2020 Sold
Premium
Sold
Sep 25, 2019 Listed by TN Smoky Mtn Realty $299,900
Listed by TN Smoky Mtn Realty

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 15
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 552
  • Parking Space Count: 2
  • Patio Type: 34
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 64,469
  • Total Building Area: 2,431
  • Gross Building Area: 2,431
  • Building Area: 1,879
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 1,879
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ALLENRIDGE NO 1
  • Land Acres: 0000001480
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: C00
  • Legal Description 1: ALLENRIDGE NO 1 PB 23 PG 53 LOT 49

Neighborhood

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

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 051
  • District: 04
  • Parcel: 051-058.48
  • Lot: 49
  • Municipality: SEVIER COUNTY
  • Latitude: 35.8715
  • Longitude: -83.4709

    Address

  • Full Address: 305 Murphy Farm Way
  • Address - House Number: 305
  • Address - Street Name: Murphy Farm
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R040
  • 4-Digit Zip Code: 2005
  • Zip Code: 37876

Valuation

    Tax

  • Total Area: 1,879
  • Tax Year: 2023
  • Tax Amount: $115,100
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.2456
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 65
  • Final Value: 523,073
  • High Value: 651,588
  • Low Value: 394,559

    Market Valuation

  • Market Total Value: $311,200
  • Market Land Value: $57,500
  • Market Improvement Value: $253,700

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $77,800
  • Assessed Land Value: $14,375
  • Assessed Improvements Value: $63,425

    Sales

  • Current Sale Contract Date: Jun 30, 2020
  • Current Sale Recording Date: Jul 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20022187
  • Previous Sale Recording Date: Jun 19, 2020
  • Previous Sale Contract Date: Jun 19, 2020
  • Previous Sale Amount: $75,000
  • 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:

$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

Rentals Near You

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Realtracs

Listed by: Jared Cowart, TN Smoky Mtn Realty
Last Updated: 4 months ago
Data Source: Realtracs, MLS# RTC3283560
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 305 Murphy Farm Way built and last sold?
The property at 305 Murphy Farm Way was built in 2020 and last sold on Jun 30, 2020 for $306,000.
How much is this home worth?
The estimated value of the home located at 305 Murphy Farm Way is $298,114.
What are some comparable homes to 305 Murphy Farm Way?
There are currently no comparable homes to 305 Murphy Farm Way.
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