by Lee Lin

See Home Value
Sevier 37876
3125 Tanglewood Drive
$925,000
● House - Off Market

3125 Tanglewood Drive

Sevierville, TN 37876
bedrooms
3 Beds
bathrooms
3 Baths
square feet
4,060 Ft²
$4,617
Est. Monthly

About This Property

Seller is willing to contribute to a rate buy down for buyer. This 3 bedroom with 4 bonus sleeping rooms, 4060 sq ft premier short term rental investment is perfectly located the smoky mountains resort area. Fully remodeled and furnished it has been designed to book out and cash flow with top line amenities like entertainment room for 10, pool table room, hot tub and multiple Master suites. This property allows an investor to fully book it out and still enjoy staying in the home. With a cap rate over 10 this offers a way to diversify your portfolio into the growing short term rental market. Projected income of $115,000 per year. Roughly $900-$1,100 in monthly expenses. Taxes are extremely low in Sevier County. 2022 taxes were under $1,000 for this property. Drone photography used. Video walkthru here: https://www.youtube.com/watch?v=3IqzOgIwRuM
Unit Size
4,060 Ft²
Days on Market
-
Land Size
1.87 acres
Price per sqft
$228
Property Type
House
Property Taxes
$75
HOA Dues
-
Year Built
2002

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Last updated: 2 months ago (Realtracs #RTC3593379)

Price History

Date / Event Date Event Price
Jan 24, 2024 Listed by Century 21 MVP $865,000
Listed by Century 21 MVP
Seller will contribute $15,000 for a rate buy down for buyer. This 3 bedroom with 4 bonus sleeping rooms, 4060 sq ft premier short term rental investment is perfectly located the smoky mountains resort area. Fully remodeled and furnished it has been designed to book out and cash flow with top line amenities like entertainment room for 10, pool table room, hot tub and multiple Master suites. This property allows an investor to fully book it out and still enjoy staying in the home. With a cap rate over 10 this offers a way to diversify your portfolio into the growing short term rental market. Projected income of $115,000 per year. Roughly $900-$1,100 in monthly expenses. Taxes are extremely low in Sevier County. 2022 taxes were under $1,000 for this property. Drone photography used. Video walkthru here: https://www.youtube.com/watch?v=3IqzOgIwRuM
Dec 10, 2023 Listed by Century 21 MVP $899,000
Listed by Century 21 MVP
Seller is willing to contribute to a rate buy down for buyer. This 3 bedroom with 4 bonus sleeping rooms, 4060 sq ft premier short term rental investment is perfectly located the smoky mountains resort area. Fully remodeled and furnished it has been designed to book out and cash flow with top line amenities like entertainment room for 10, pool table room, hot tub and multiple Master suites. This property allows an investor to fully book it out and still enjoy staying in the home. With a cap rate over 10 this offers a way to diversify your portfolio into the growing short term rental market. Projected income of $115,000 per year. Roughly $900-$1,100 in monthly expenses. Taxes are extremely low in Sevier County. 2022 taxes were under $1,000 for this property. Drone photography used. Video walkthru here: https://www.youtube.com/watch?v=3IqzOgIwRuM
Nov 6, 2023 Listed by Century 21 MVP $925,000
Listed by Century 21 MVP
May 20, 2022 Listed by Your Home Sold Guaranteed Realty $1,199,909
Listed by Your Home Sold Guaranteed Realty
It's all about the views with this totally renovated purpose built rental cabin! All new Furnishings and appliances to convey. Beautiful open concept living room, kitchen and dining area with multiple wooden cased entertaining areas. This three bedroom, 4 bonus room house features a huge main master bedroom with private balcony with en suite including walk in tiled shower and large soaking tub. A second Master and third bedroom sit on the top floor with wrap around decks. Low maintenance LVP throughout, new sliding doors leading to deck overlooking amazing mountain views. A brand new massive media room downstairs has 10 reclining theater seating, electronic dart board and hockey table. Complete kitchen downstairs for bigger families as well as 4 additional bonus bedrooms rooms with a full bath. This huge 4200sq ft cabin will sleep up to 18 with 2 main suites and 4 baths total, management company ready to go with their rental projections of $169k- 257k. Paperwork available on request.
Dec 28, 2021 Sold
Sold
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Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 25
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 6
  • Basement Area: 2,040
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 81,457
  • Total Building Area: 4,080
  • Gross Building Area: 4,080
  • Building Area: 2,640
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 2,640
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TANGLEWOOD
  • Land Acres: 0000001870
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: C00
  • Legal Description 1: TANGLEWOOD PB 26 PG 126 LOT 9

Neighborhood

  • School District Name: Sevier County School District
  • Census Tract: 080701

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 075
  • District: 13
  • Parcel: 075-011.28
  • Lot: 9
  • Municipality: SEVIER COUNTY
  • Latitude: 35.8274
  • Longitude: -83.4379

    Address

  • Full Address: 3125 Tanglewood Dr
  • Address - House Number: 3125
  • Address - Street Name: Tanglewood
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R021
  • 4-Digit Zip Code: 6503
  • Zip Code: 37876

Valuation

    Tax

  • Total Area: 2,040
  • Tax Year: 2023
  • Tax Amount: $89,500
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.0876
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 92
  • Final Value: 845,587
  • High Value: 920,291
  • Low Value: 770,883

    Market Valuation

  • Market Total Value: $241,900
  • Market Land Value: $40,700
  • Market Improvement Value: $201,200

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $60,475
  • Assessed Land Value: $10,175
  • Assessed Improvements Value: $50,300

    Sales

  • Current Sale Contract Date: Dec 22, 2021
  • Current Sale Recording Date: Jan 04, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 297
  • Previous Sale Recording Date: May 20, 1994
  • Previous Sale Amount: $16,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

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Frequently Asked Questions

When was property at 3125 Tanglewood Drive built and last sold?
The property at 3125 Tanglewood Drive was built in 2002 and last sold on Dec 22, 2021 for $727,000.
How much is this home worth?
The estimated value of the home located at 3125 Tanglewood Drive is $895,608.
What are some comparable homes to 3125 Tanglewood Drive?
There are currently no comparable homes to 3125 Tanglewood Drive.