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Sevier 37862
3535 Cove Mountain Road
Photo of 3535 Cove Mountain Road
Sold on Apr 11, 2024

18

Map

Photo of 3535 Cove Mountain Road
Photo of 3535 Cove Mountain Road
$540,000
● House - Off Market

3535 Cove Mountain Road

Sevierville, TN 37862
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,606 Ft²
$3,037
Est. Monthly

About This Property

Authentic log cabin on over 2.5 acres with national park directly across the street. Small creek runs through property with stone bridge leading to property. Nice deck on front and back of cabin with hot tub. One bedroom with full bath downstairs and two bedrooms with full bath upstairs.
Unit Size
1,606 Ft²
Days on Market
-
Land Size
2.66 acres
Price per sqft
$373
Property Type
House
Property Taxes
$95
HOA Dues
-
Year Built
1981

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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: 27 days ago (Realtracs #RTC3550128)

Price History

Date / Event Date Event Price
Apr 11, 2024 Sold
Premium
Sold
Feb 22, 2024 Listed by ListWithFreedom.com $599,000
Listed by ListWithFreedom.com
Dec 21, 2016 Sold
Premium
Sold
Oct 12, 2016 Listed by East Tennessee Realty Group, LLC $279,900
Listed by East Tennessee Realty Group, LLC
This one-of-a-kind true log cabin situated in a natural park setting provides a peaceful and renewing experience everyday. Though rustic, this cabin home has 3 comfortable bedrooms, 2 full baths, and a large modern kitchen. Fully climate controlled with a high end wood burning stove for savings and comfort. Enjoy your own privacy on this 2 plus acre with cool stream flowing down from the mountains. A fresh spring water source is also available. This property is private yet not remote located in the heart of Wears Valley and close to all amenities in Pigeon Forge. Currently used as a private home only, it could easily become a unique and successful overnight rental cabin. This is a rare find.
Aug 24, 2012 Sold
Premium
Sold
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Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1986
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 6
  • 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: 58
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 115,870
  • Total Building Area: 1,606
  • Gross Building Area: 1,606
  • Building Area: 1,606
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,606
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANK E WIER PROPERTY
  • Land Acres: 0000002660
  • Standard Land Use Code: 1001
  • County Land Use Code: 03
  • State Land Use Code: C00
  • Legal Description 1: FRANK E WIER PROPERTY PB LM-9 PG 144 LOT TR-1

Neighborhood

  • School District Name: Sevier County School District
  • Census Tract: 080903

Zoning

  • Zoning: A-1

Geography

  • Assessors Map Reference: 124
  • District: 06
  • Subdivision Tract Number: 1
  • Parcel: 124-070.01
  • Lot: TR-1
  • Municipality: SEVIER COUNTY
  • Latitude: 35.7147
  • Longitude: -83.6078

    Address

  • Full Address: 3535 Cove Mountain Rd
  • Address - House Number: 3535
  • Address - Street Name: Cove Mountain
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R019
  • 4-Digit Zip Code: 8436
  • Zip Code: 37862

Valuation

    Tax

  • Total Area: 990
  • Tax Year: 2023
  • Tax Amount: $88,700
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.2531
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 64
  • Final Value: 582,456
  • High Value: 729,876
  • Low Value: 435,036

    Market Valuation

  • Market Total Value: $239,700
  • Market Land Value: $55,100
  • Market Improvement Value: $184,600

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $59,925
  • Assessed Land Value: $13,775
  • Assessed Improvements Value: $46,150

    Sales

  • Current Sale Contract Date: Dec 21, 2016
  • Current Sale Recording Date: Dec 22, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 16057482
  • Previous Sale Recording Date: Aug 24, 2012
  • Previous Sale Contract Date: Aug 24, 2012
  • Previous Sale Amount: $100,000
  • 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:

$575,000

Sale Price/ft²

$337

Below Asking

0.02%

Average Days on Market

97

Average Home Size

1916 ft²

Average Home Age

22.6 years

Currently For Sale

2464 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: Ralph Harvey, ListWithFreedom.com
Last Updated: 27 days ago
Data Source: Realtracs, MLS# RTC3550128
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 3535 Cove Mountain Road built and last sold?
The property at 3535 Cove Mountain Road was built in 1981 and last sold on Dec 21, 2016 for $250,000.
How much is this home worth?
The estimated value of the home located at 3535 Cove Mountain Road is $573,020.
What are some comparable homes to 3535 Cove Mountain Road?
There are currently no comparable homes to 3535 Cove Mountain Road.
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