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Pigeon Forge 37862
3111 Cherokee Valley Drive
Photo of 3111 Cherokee Valley Drive
Sold on Apr 28, 2021

1

Map

$36,140
● Land - Off Market

3111 Cherokee Valley Drive

Sevierville, TN 37862
bedrooms
Studio
bathrooms
0 Bath
$43,949
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

Level lot with all city utilities and easy access to Pigeon Forge and all area attractions.
Unit Size
-
Days on Market
78 days
Land Size
0.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
$11
HOA Dues
$13
Year Built
-

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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 #RTC3236536)

Price History

Date / Event Date Event Price
Apr 28, 2021 Sold
Premium
Sold
Feb 9, 2021 Listed by Prime Mountain Properties $36,140
Listed by Prime Mountain Properties
Jan 26, 2020 No longer available -
No longer available
Jan 24, 2020 Listed $35,000
Listed
Subdivision Lot in up and coming area. Lot is located in a Flood Zone. Buyer to verify accurate lot lines, zoning, and flood insurance requirements. Also available are 3123, 3129 Cherokee Valley and Lot 37-R Wears Valley Rd (Found in the Cul De Sac of Cherokee Valley Dr.

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 965
  • Lot Size Frontage Feet: 784
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: CHEROKEE VALLEY
  • Land Acres: 0000001000
  • Standard Land Use Code: 8001
  • County Land Use Code: 00-V
  • State Land Use Code: C00
  • Legal Description 1: CHEROKEE VALLEY PB 39 PG 327 LOT 32-R 78.40 X 96.50 IRR

Neighborhood

  • School District Name: Sevier County School District
  • School Tax School District: 78576
  • Census Tract: 080901

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 093J
  • District: 16
  • Parcel: 093J-C-032.00
  • Lot: 32R
  • Municipality: PIGEON FORGE
  • Latitude: 35.7843
  • Longitude: -83.6204

    Address

  • Full Address: 3111 Cherokee Valley Dr
  • Address - House Number: 3111
  • Address - Street Name: Cherokee Valley
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R038
  • 4-Digit Zip Code: 7700
  • Zip Code: 37862

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $19,200
  • Tax Rate Code Area: 78A02

    Market Valuation

  • Market Total Value: $26,000
  • Market Land Value: $26,000

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $6,500
  • Assessed Land Value: $6,500

    Sales

  • Current Sale Contract Date: Apr 28, 2021
  • Current Sale Recording Date: Apr 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21014747
  • Previous Sale Recording Date: Feb 19, 2020
  • Previous Sale Contract Date: Feb 18, 2020
  • Previous Sale Amount: $105,000
  • 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 Pigeon Forge

Stats & Trends

Median Asking:

$529,900

Sale Price/ft²

$362

Below Asking

0.02%

Average Days on Market

105

Average Home Size

1914 ft²

Average Home Age

22.5 years

Currently For Sale

284 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: Tina Parton, Prime Mountain Properties
Last Updated: 4 months ago
Data Source: Realtracs, MLS# RTC3236536
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 3111 Cherokee Valley Drive built and last sold?
The property at 3111 Cherokee Valley Drive was built in and last sold on Apr 28, 2021 for $36,140.
How much is this home worth?
The estimated value of the home located at 3111 Cherokee Valley Drive is $36,501.
What are some comparable homes to 3111 Cherokee Valley Drive?
There are currently no comparable homes to 3111 Cherokee Valley Drive.
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