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Pigeon Forge 37863
3531 Brook Stone Way
Photo of 3531 Brook Stone Way
Sold on Jan 25, 2024

36

Map

Photo of 3531 Brook Stone Way
Photo of 3531 Brook Stone Way
$2,200,000
● House - Off Market

3531 Brook Stone Way

Pigeon Forge, TN 37863
bedrooms
7 Beds
bathrooms
7 Baths
square feet
4,907 Ft²
$11,376
Est. Monthly
$315
HOA / Fees

About This Property

NEW CONSTRUCTION - FINISHED SOON! RENTAL PROJECTIONS OF $250,000 AVG. This Pure luxury from the high end quartz/granite, custom cabinets, high end furnishings and each bedroom equipped with its own mini fridge and coffee station. Centrally located a mile and a half off the parkway with no steep or winding roads in Pigeon Forge and perfectly situated to allow easy access to Gatlinburg and the National Park. This cabin is designed for fun, relaxation and romance. You will find this cabin to be well appointed and spacious to include 6 king large bedroom suites with private baths and huge bunk room and with its own private bathroom. The huge pool room boasts a large 16'x18' custom gunite pool for adults and a fabulous 6'x6' kiddie pool for the littles. Photos coming.
Unit Size
4,907 Ft²
Days on Market
61 days
Land Size
0.01 acres
Price per sqft
$459
Property Type
House
Property Taxes
$13
HOA Dues
$315
Year Built
2023

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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 (Realtracs #RTC3116577)

Price History

Date / Event Date Event Price
Jan 25, 2024 Sold
Premium
Sold
Nov 10, 2023 Listed by The Real Estate Firm Inc. $2,250,000
Listed by The Real Estate Firm Inc.

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2023
  • Effective Year Built: 2023
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Bathroom Plumbing Fixtures: 18
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 1,920
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 5,248
  • Gross Building Area: 5,248
  • Building Area: 5,248
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 5,248
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: BROOKSTONE VILLAGE
  • Land Acres: 0000001000
  • Standard Land Use Code: 2000
  • County Land Use Code: 08
  • State Land Use Code: C00
  • Legal Description 1: BROOKSTONE VILLAGE PB LMB1 PG 79 LOT 15

Neighborhood

  • School District Name: Sevier County School District
  • School Tax School District: 78576
  • Census Tract: 080904

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: 094K
  • District: 05
  • Parcel: 094K-D-001.00-015
  • Lot: 15
  • Municipality: PIGEON FORGE
  • Latitude: 35.7811
  • Longitude: -83.5629

    Address

  • Full Address: 3531 Brook Stone Way
  • Address - House Number: 3531
  • Address - Street Name: Brook Stone
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Pigeon Forge
  • Carrier Code: R015
  • 4-Digit Zip Code: 3842
  • Zip Code: 37863

Valuation

    Tax

  • Total Area: 1,664
  • Tax Year: 2023
  • Tax Amount: $27,200
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: 78A02

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 386,870
  • High Value: 564,495
  • Low Value: 209,244

    Market Valuation

  • Market Total Value: $934,200
  • Market Land Value: $35,000
  • Market Improvement Value: $899,200

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $373,680
  • Assessed Land Value: $14,000
  • Assessed Improvements Value: $359,680

    Sales

  • Current Sale Contract Date: Jan 25, 2024
  • Current Sale Recording Date: Jan 29, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2481
  • Previous Sale Recording Date: Jan 19, 2023
  • Previous Sale Contract Date: Jan 13, 2023
  • Previous Sale Amount: $150,000
  • 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 Pigeon Forge

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$364

Below Asking

0.03%

Average Days on Market

104

Average Home Size

1644 ft²

Average Home Age

22.1 years

Currently For Sale

282 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

Click here to view more rentals in the neighborhood.
Realtracs

Listed by: Kelly White, The Real Estate Firm Inc.
Last Updated: 4 months ago
Data Source: Realtracs, MLS# RTC3116577
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 3531 Brook Stone Way built and last sold?
The property at 3531 Brook Stone Way was built in 2023 and last sold on Jan 25, 2024 for $2,200,000.
How much is this home worth?
The estimated value of the home located at 3531 Brook Stone Way is $2,272,046.
What are some comparable homes to 3531 Brook Stone Way?
There are currently no comparable homes to 3531 Brook Stone Way.
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