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Pigeon Forge 37863
3223 Mayes Loop Road
Photo of 3223 Mayes Loop Road
Sold on Nov 4, 2024

51

Map

Photo of 3223 Mayes Loop Road
Photo of 3223 Mayes Loop Road
$1,650,000
● House - Off Market

3223 Mayes Loop Road

Pigeon Forge, TN 37863
bedrooms
12 Beds
bathrooms
12 Baths, 1 Half Bath
square feet
6,865 Ft²
$9,398
Est. Monthly

About This Property

Check out this fantastic new investment property opportunity! Your chance to own ''12 Suites Lodge'', a 6,800 sq foot cabin that earned has over $270,000 in rentals for 2023! An absolute PRIME location only about 1 mile from Pigeon Forge's main Parkway, this 12 bedroom, 12 bathroom home overlooks Waldens Creek and features 2 hot tubs, a home theater, a massive kitchen, and a variety of arcade games and other amenities! The home sleeps 48 people and is being sold fully furnished and ready to rent. Can't beat its location, just down from beautiful Wear City Park. This cabin is served by City water and sewer and is a guest favorite due to its layout and location.
Unit Size
6,865 Ft²
Days on Market
91 days
Land Size
0.41 acres
Price per sqft
$261
Property Type
House
Property Taxes
$584
HOA Dues
-
Year Built
2020

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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 ( #257206)

Price History

Date / Event Date Event Price
Nov 4, 2024 Sold
Premium
Sold
May 9, 2023 Listed by Great Mountain Realty LLC $1,795,000
Listed by Great Mountain Realty LLC

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 13
  • Full Bathrooms: 13
  • Partial Bathrooms: 13
  • Bathroom Plumbing Fixtures: 39
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 58
  • Exterior Walls Type: 25
  • Interior Walls Type: 18
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 34
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 17,860
  • Lot Size Depth Feet: 1,830
  • Lot Size Frontage Feet: 950
  • Total Building Area: 6,865
  • Gross Building Area: 6,865
  • Building Area: 6,865
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 6,865
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: MAYES SUBD
  • Land Acres: 0000000410
  • Standard Land Use Code: 2000
  • County Land Use Code: 08
  • State Land Use Code: C00
  • Legal Description 1: MAYES SUBD PB 43 PG 38 LOT 10R 104.63 X 184.07 IRR

Neighborhood

  • School District Name: Sevier County School District
  • School Tax School District: 78576
  • Census Tract: 081002

Zoning

  • Zoning: C-2

Geography

  • Assessors Map Reference: 093D
  • District: 05
  • Parcel: 093D-C-010.00
  • Lot: 10R
  • Municipality: PIGEON FORGE
  • Latitude: 35.794
  • Longitude: -83.593

    Address

  • Full Address: 3223 Mayes Loop Rd
  • Address - House Number: 3223
  • Address - Street Name: Mayes Loop
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Pigeon Forge
  • Zip Code: 37863

Valuation

    Tax

  • Total Area: 3,370
  • Tax Year: 2023
  • Tax Amount: $2,017,000
  • Tax Rate Code Area: 78A02

    Appraisal Valuation

  • Standard Deviation: 0.461
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 7
  • Final Value: 738,989
  • High Value: 1,079,701
  • Low Value: 398,276

    Market Valuation

  • Market Total Value: $1,703,600
  • Market Land Value: $27,500
  • Market Improvement Value: $1,676,100

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $681,440
  • Assessed Land Value: $11,000
  • Assessed Improvements Value: $670,440
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:

$562,500

Sale Price/ft²

$364

Below Asking

0.03%

Average Days on Market

103

Average Home Size

1650 ft²

Average Home Age

22.2 years

Currently For Sale

280 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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Frequently Asked Questions

When was property at 3223 Mayes Loop Road built and last sold?
The property at 3223 Mayes Loop Road was built in 2020 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3223 Mayes Loop Road is $1,812,950.
What are some comparable homes to 3223 Mayes Loop Road?
There are currently no comparable homes to 3223 Mayes Loop Road.
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