3113 Burns Road
About This Property
This premier custom-designed house features an indoor pool and was inspired by a local farmhouses admired by the builder as a child. Situated on a hillside with breathtaking mountain views, it was specifically designed for this spot. Built with high-quality materials by a builder passionate about creating beautiful, custom homes, it includes all the desirable amenities of a Smoky Mountain retreat. Located on farmland with easy access in beautiful Wears Valley, Tennessee, just 1 mile from the Great Smoky Mountains National Park and close to Pigeon Forge, Gatlinburg, Townsend, and surrounding areas. The home has 3058 sqft, 3 bedrooms, and 3.5 baths. The open main living area features a modern gas fireplace, and custom cabinetry with granite countertops and stainless steel appliances. Luxury vinyl plank flooring makes upkeep easy. There's also a spacious game room overlooking the Great Room and an outdoor gathering space with stunning mountain views. The home's quality and location make it a property not to miss.
*Home has just started with a rental company and the company would appreciate new owners to consider staying with them.
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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 |
|---|---|---|---|
| Jul 24, 2026 | Sold | ||
| Sold | |||
| Jun 3, 2026 | In contract | - | |
| In contract | |||
| May 29, 2026 | Price Decreased |
$1,150,000
↓ $25K
(2.1%) | |
| Price Decreased | |||
| Mar 27, 2026 | Price Decreased |
$1,175,000
↓ $20K
(1.7%) | |
| Price Decreased | |||
| Oct 7, 2025 | Listed by Mountain Realty Group | $1,195,000 | |
| Listed by Mountain Realty Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017