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Sevier 37862
3310 Covered Bridge Way #ICANONLYIMAGINE
Photo of Unit ICANONLYIMAGINE at 3310 Covered Bridge Way
Sold on Jul 3, 2014

1

Map

$175,000
● House - Off Market

3310 Covered Bridge Way #ICANONLYIMAGINE

Sevierville, TN 37862
bedrooms
1 Bed
bathrooms
1 Bath, 1 Half Bath
square feet
1,014 Ft²
$332,099
RealtyHop Estimate
85.53%
Since Aug 1, 2014
National-US
Primary Model

About This Property

Great Cabin/Great Location. Located in Smoky Mountain Ridge off Wears Valley Road. Cabin is 1 bedroom, 1.5 baths with Master bedroom on main level. Sleeper sofa in living room plus futon in loft. Cabin has fully equipped kitchen with dining area off living room. Plush leather sofas and TV with DVD. Second TV in loft with fooseball table and futon. See through fireplace from living room into master bedroom. Master also has jetted tub and 3rd TV. Subdivision has a community water and sewer system. Cabin sits on rushing Cove Creek. Being sold fully furnished with only a few exceptions. Cabin is a Jim Barna Log Home. Ask listing agent for list of exceptions. Has just been put on rental with Hearthside rentals and doing well.
Unit Size
1,014 Ft²
Days on Market
-
Land Size
-
Price per sqft
$177
Property Type
House
Property Taxes
$58
HOA Dues
-
Year Built
2003

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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: 30 days ago (Realtracs #RTC3239165)

Price History

Date / Event Date Event Price
Jul 3, 2014 Sold
Premium
Sold
May 13, 2013 Listed by Prime Mountain Properties $179,000
Listed by Prime Mountain Properties

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 25
  • 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: 59
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,352
  • Gross Building Area: 1,352
  • Building Area: 1,352
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 1,352
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: SMOKY MOUNTAIN RIDGE
  • Land Acres: 0000001000
  • Standard Land Use Code: 2000
  • County Land Use Code: 08
  • State Land Use Code: C00
  • Legal Description 1: SMOKY MOUNTAIN RIDGE PB LM-6 PG 69 LOT 11-R PHASE 1 SECTION 1

Neighborhood

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

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 104J
  • District: 06
  • Parcel: 104J-B-001.00-011
  • Lot: 11R
  • Municipality: SEVIER COUNTY
  • Latitude: 35.7606
  • Longitude: -83.6194

    Address

  • Full Address: 3310 Covered Bridge Way
  • Address - House Number: 3310
  • Address - Street Name: Covered Bridge
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Sevierville
  • Zip Code: 37862

Valuation

    Tax

  • Total Area: 676
  • Tax Year: 2023
  • Tax Amount: $167,500
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.0876
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 593,295
  • High Value: 645,280
  • Low Value: 541,309

    Market Valuation

  • Market Total Value: $283,000
  • Market Land Value: $39,000
  • Market Improvement Value: $244,000

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $113,200
  • Assessed Land Value: $15,600
  • Assessed Improvements Value: $97,600

    Sales

  • Current Sale Contract Date: Jul 03, 2014
  • Current Sale Recording Date: Jul 07, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 14024169
  • Previous Sale Recording Date: Jan 23, 2004
  • Previous Sale Amount: $213,700
  • Previous Sale Document Type: 27
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:

$579,900

Sale Price/ft²

$338

Below Asking

0.02%

Average Days on Market

97

Average Home Size

1887 ft²

Average Home Age

22.8 years

Currently For Sale

2359 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: Joy Meade, Prime Mountain Properties
Last Updated: 30 days ago
Data Source: Realtracs, MLS# RTC3239165
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 3310 Covered Bridge Way built and last sold?
The property at 3310 Covered Bridge Way was built in 2003 and last sold on Jul 3, 2014 for $175,000.
How much is this home worth?
The estimated value of the home located at 3310 Covered Bridge Way is $549,408.
What are some comparable homes to 3310 Covered Bridge Way?
There are currently no comparable homes to 3310 Covered Bridge Way.
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