by Lee Lin

See Home Value
Sevier 37862
3565 Wears Valley Road
$1,935,000
● House - Off Market

3565 Wears Valley Road

Sevierville, TN 37862
bedrooms
9 Beds
bathrooms
11 Baths, 1 Half Bath
square feet
8,000 Ft²
$9,886
Est. Monthly

About This Property

Fantastic rare developed acreage on Wears Valley Road. So much potential for so many purposes: no restrictions, is currently being used as a wedding venue and rental apartments as well as a beautiful main home for the owner. Large barn, 5-6 rental cabins, large 3 bedroom 2,5 bath well appointed home, pristine pond with fountain, well landscaped and very well maintained, cross fenced with a ring. Horses, mini donkeys enjoy the meadows right now. Would make a perfect Bed and Breakfast, Wedding Venue, Overnight cabin rental complex. The land will hold many more structures, every bit of the 13.5 acres is beautiful and useable. Your surrounding view is the Great Smoky mountains, Cove Mountain, Round Top and Chilhowee Ridge, it doesn't get any better! The Wears Valley road frontage is 95' you can build any number of commercial businesses or the owner had plans for a 10 bedroom lodge. Property will cash flow positive right now just with the rental cabins- ask us for a proforma. No drive-bys as the private drive ends at the owners home.
Unit Size
8,000 Ft²
Days on Market
-
Land Size
13.50 acres
Price per sqft
$242
Property Type
House
Property Taxes
$384
HOA Dues
-
Year Built
2002

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Last updated: 30 days ago (Realtracs #RTC3292140)

Price History

Date / Event Date Event Price
Aug 23, 2018 No longer available -
No longer available
May 30, 2018 Listed $1,935,000
Listed
Fantastic rare developed acreage on Wears Valley Road. So much potential for so many purposes: no restrictions, is currently being used as a wedding venue and rental apartments as well as a beautiful main home for the owner. Large barn, 5-6 rental cabins, large 3 bedroom 2,5 bath well appointed home, pristine pond with fountain, well landscaped and very well maintained, cross fenced with a ring. Horses, mini donkeys enjoy the meadows right now. Would make a perfect Bed and Breakfast, Wedding Venue, Overnight cabin rental complex. The land will hold many more structures, every bit of the 13.5 acres is beautiful and useable. Your surrounding view is the Great Smoky mountains, Cove Mountain, Round Top and Chilhowee Ridge, it doesn't get any better! The Wears Valley road frontage is 95' you can build any number of commercial businesses or the owner had plans for a 10 bedroom lodge. Property will cash flow positive right now just with the rental cabins- ask us for a proforma. No drive-bys as the private drive ends at the owners home. The manager has listed the unit size as 8000 square feet.
Feb 13, 2018 Listed by Century 21 MVP $1,935,000
Listed by Century 21 MVP
Aug 20, 2017 Listed $1,935,000
Listed
This unique income property on Wears Valley Road boasts 13 1/2 level acres bordered by Cove Creek and a spectacular mountain view! A gorgeous 3 bedroom, 2 1/2 bath main house, 6 rental properties, a newly built event venue, plus two barns. Bring your horses, sit by the large pond with a fountain feature, and enjoy the view of Cove Mountain, the highest peak in Wears Valley! Just minutes from Pigeon Forge and Gatlinburg!No restrictions! 13 1/2 acres of level land! Cove Creek runs behind the property. The pond has a bridge leading to an island in the middle! Event venue barn with concrete floor and rental space above!. Seller will consider selling horses, miniature donkeys, and miniature horses. Various investment opportunities here!!! The manager has listed the unit size as 2730 square feet.

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2010
  • Building Count: 6
  • Bedroom Count: 0
  • Bathroom Count: 20
  • Full Bathrooms: 19
  • Partial Bathrooms: 20
  • Bathroom Plumbing Fixtures: 60
  • Building Condition: 6
  • Building Quality: 6
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 25
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 3
  • Basement Area: 1,524
  • Garage Type: 7
  • Garage Square Area: 868
  • Parking Space Count: 3
  • Patio Type: 34
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 217,800
  • Total Building Area: 17,488
  • Gross Building Area: 17,488
  • Building Area: 17,488
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 15,964
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: C
  • Land Acres: 0000005000
  • Standard Land Use Code: 2000
  • County Land Use Code: 08
  • State Land Use Code: C00
  • Legal Description 1: DISTRICT: 06, COUNTY AREA: I01

Neighborhood

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

Zoning

  • Zoning: A-1

Geography

  • Assessors Map Reference: 123
  • District: 06
  • Parcel: 123-125.04
  • Municipality: SEVIER COUNTY
  • Latitude: 35.7127
  • Longitude: -83.649

    Address

  • Full Address: 3565 Wears Valley Rd
  • Address - House Number: 3565
  • Address - Street Name: Wears Valley
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R007
  • 4-Digit Zip Code: 8203
  • Zip Code: 37862

Valuation

    Tax

  • Total Area: 7,598
  • Tax Year: 2023
  • Tax Amount: $1,603,300
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 2,224,305
  • High Value: 3,245,561
  • Low Value: 1,203,048

    Market Valuation

  • Market Total Value: $2,861,200
  • Market Land Value: $102,500
  • Market Improvement Value: $2,758,700

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,144,480
  • Assessed Land Value: $41,000
  • Assessed Improvements Value: $1,103,480

    Sales

  • Current Sale Contract Date: Oct 05, 2020
  • Current Sale Recording Date: Oct 08, 2020
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20034898
  • Previous Sale Recording Date: Dec 15, 2011
  • Previous Sale Contract Date: Dec 06, 2011
  • Previous Sale Amount: $210,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

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Frequently Asked Questions

When was property at 3565 Wears Valley Road built and last sold?
The property at 3565 Wears Valley Road was built in 2002 and last sold on Oct 5, 2020 for $1,385,000.
How much is this home worth?
The estimated value of the home located at 3565 Wears Valley Road is $1,591,949.
What are some comparable homes to 3565 Wears Valley Road?
There are currently no comparable homes to 3565 Wears Valley Road.