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Sevier 37862
3149 Wears Drive
Photo of 3149 Wears Drive
Sold on Jul 22, 2020

36

Map

Photo of 3149 Wears Drive
Photo of 3149 Wears Drive
$327,000
● House - Off Market

3149 Wears Drive

Sevierville, TN 37862
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,500 Ft²
$450,628
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

Need room to Love Where You Live 3bd/2ba in main house with apartment over detached garage with 1bd/1ba kitchen/living room. Back to the main, Granite in kitchen, engineered bamboo in living-family room & down the hall. Bedrooms have carpet. Baths have tile. Attached garage to house and also 2 bay detached garage with air compressor installed has 12' ceilings with 10' doors. Sunsetter remote awning on the back deck to let you enjoy the sunset. 2 HVAC, one for main other takes care of apartment. Home never smoked in, please bring your things and move right in.
Unit Size
2,500 Ft²
Days on Market
-
Land Size
1.20 acres
Price per sqft
$130
Property Type
House
Property Taxes
$77
HOA Dues
-
Year Built
1991

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Cap Rate Calculator

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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: 2 months ago (Realtracs #RTC3278006)

Price History

Date / Event Date Event Price
Jul 22, 2020 Sold
Premium
Sold
Jun 11, 2020 Listed by Mountain Realty Group $325,000
Listed by Mountain Realty Group

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 2
  • 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: 58
  • 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: 3
  • Basement Area: 1,260
  • Garage Type: 1
  • Garage Square Area: 286
  • Parking Space Count: 1
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 3,298
  • Lot Size Frontage Feet: 1,495
  • Total Building Area: 4,274
  • Gross Building Area: 4,274
  • Building Area: 2,728
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 2,728
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEARS COVE ACRES #2
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 03
  • State Land Use Code: C00
  • Legal Description 1: WEARS COVE ACRES #2 PB 26 PG 30 LOT 23 149.50 X 329.77 IRR

Neighborhood

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

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 123
  • District: 06
  • Parcel: 123-078.04
  • Lot: 23
  • Municipality: SEVIER COUNTY
  • Latitude: 35.7151
  • Longitude: -83.6598

    Address

  • Full Address: 3149 Wears Dr
  • Address - House Number: 3149
  • Address - Street Name: Wears
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R007
  • 4-Digit Zip Code: 8229
  • Zip Code: 37862

Valuation

    Tax

  • Total Area: 2,442
  • Tax Year: 2023
  • Tax Amount: $120,900
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 500,483
  • High Value: 730,272
  • Low Value: 270,693

    Market Valuation

  • Market Total Value: $326,800
  • Market Land Value: $43,800
  • Market Improvement Value: $283,000

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $81,700
  • Assessed Land Value: $10,950
  • Assessed Improvements Value: $70,750

    Sales

  • Current Sale Contract Date: Jul 22, 2020
  • Current Sale Recording Date: Jul 22, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20024859
  • Previous Sale Recording Date: Aug 03, 2012
  • Previous Sale Contract Date: Aug 03, 2012
  • Previous Sale Amount: $158,000
  • 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:

$557,000

Sale Price/ft²

$333

Below Asking

0.02%

Average Days on Market

98

Average Home Size

2189 ft²

Average Home Age

22.8 years

Currently For Sale

2485 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

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Realtracs

Listed by: Neva Waite, Mountain Realty Group
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3278006
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 3149 Wears Drive built and last sold?
The property at 3149 Wears Drive was built in 1991 and last sold on Jul 22, 2020 for $327,000.
How much is this home worth?
The estimated value of the home located at 3149 Wears Drive is $352,496.
What are some comparable homes to 3149 Wears Drive?
There are currently no comparable homes to 3149 Wears Drive.
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