3074 Walters Way
About This Property
Discover the essence of Tennessee mountain living in this stunning 3-bedroom, 3.5-bath cabin nestled just off Wears Valley Road in Sevierville. This cabin is a perfect blend of rustic charm and modern luxury, making it an ideal private retreat or a lucrative short-term rental opportunity.
As you step inside, you'll be greeted by an impressive floor-to-ceiling stone fireplace, the centerpiece of the spacious living area. The warm wood tones, exposed beams, and large windows create an inviting atmosphere, with natural light pouring in and showcasing the breathtaking mountain views.
The open-concept main floor flows seamlessly from the living room to a well-appointed kitchen, complete with high end appliances, ample counter space, and a cozy dining area-perfect for hosting gatherings after a day of exploring the Smokies.
The fully finished basement is an entertainer's dream, featuring a large game room and a spacious family room, this space offers endless possibilities for relaxation and fun.
The cabin's exterior is just as impressive, with expansive decks that provide ample space for outdoor dining, lounging, or simply soaking in the serene mountain surroundings. Imagine unwinding in the hot tub as the sun sets, or sipping your morning coffee while listening to the sounds of nature.
For those looking to expand or invest, an additional lot can be available for purchase with this property, offering even more potential to create your dream mountain getaway.
Whether you're seeking a peaceful escape or a profitable investment, this Sevierville cabin delivers it all. Don't miss the chance to own this slice of Tennessee paradise!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 27, 2024 | Sold | ||
| Sold | |||
| Aug 22, 2024 | Listed by MG Rise Real Estate Group | $997,950 | |
| Listed by MG Rise Real Estate Group | |||
| Jun 18, 2018 | Sold | ||
| Sold | |||
| Apr 2, 2018 | Listed by Mountain Realty Group | $39,000 | |
| Listed by Mountain Realty Group | |||
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Nestled in Wears Valley. House site already exists on Lot 1. The house was lost in the fires. Lots 1 and 2 both have subdivision approval for 3 bedrooms according to documents from Health Department. City water is available and was connected to the house that existed on lot 1. Seller wants to sell both lots together giving you a total of 2.69 acres. Buy both and have extra privacy or sell off one of them as an investment. Great location, with easy access to Pigeon Forge. HOA is $250 per lot per year, hence the total of $500 in listing. HOA also covers a community lake in the subdivision.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017