$399,900
↓ $16K (3.8%)
●
House -
For Sale
3740 Ivy Way
Sevierville, TN 37876
2 Beds
3 Baths
1,286 Ft²
$2,020
Est. Monthly
6.85%
Cap Rate
About This Property
MOTIVATED SELLER, BRING AN OFFER !!! A BONUS ROOM with FULL BATH
enhances this Cozy two-Bedroom Cottage in the Woods - Minutes from
Gatlinburg & Pigeon Forge
Welcome to your private Smoky Mountain escape! This well-maintained 2-bedroom, 3-bath cottage offers the perfect blend of rustic charm and modern comfort. Tucked away in a serene wooded setting on 0.63 acres, this cozy retreat provides exceptional privacy while being just 15 minutes from both Gatlinburg and Pigeon Forge.
With over 1,200 sq ft of living space, there's plenty of room to relax or entertain. The property features a spacious living area, a large kitchen with island open to the dining space ideal for gathering with friends and family. Each bedroom includes its own en suite bath, and there's an additional bonus room currently used as a bunk room--perfect for extra guests or rental flexibility. A large laundry on the main level adds convenience for your guests. Beautiful Luxury Vinyl flooring throughout the home.
Enjoy outdoor living with expansive decking, a private hot tub, and a partially fenced yard. The detached one-car garage, along with ample guest parking, rounds out the package. Lots of extra storage space with the unfinished partial basement.
Whether you're seeking a permanent residence, vacation home, or a profitable overnight rental, this charming cottage is a smart investment in the heart of the Smokies.
Don't miss your chance to own a piece of the mountains--schedule your private tour today!
Welcome to your private Smoky Mountain escape! This well-maintained 2-bedroom, 3-bath cottage offers the perfect blend of rustic charm and modern comfort. Tucked away in a serene wooded setting on 0.63 acres, this cozy retreat provides exceptional privacy while being just 15 minutes from both Gatlinburg and Pigeon Forge.
With over 1,200 sq ft of living space, there's plenty of room to relax or entertain. The property features a spacious living area, a large kitchen with island open to the dining space ideal for gathering with friends and family. Each bedroom includes its own en suite bath, and there's an additional bonus room currently used as a bunk room--perfect for extra guests or rental flexibility. A large laundry on the main level adds convenience for your guests. Beautiful Luxury Vinyl flooring throughout the home.
Enjoy outdoor living with expansive decking, a private hot tub, and a partially fenced yard. The detached one-car garage, along with ample guest parking, rounds out the package. Lots of extra storage space with the unfinished partial basement.
Whether you're seeking a permanent residence, vacation home, or a profitable overnight rental, this charming cottage is a smart investment in the heart of the Smokies.
Don't miss your chance to own a piece of the mountains--schedule your private tour today!
Unit Size
1,286 Ft²
Days on Market
392 days
Land Size
0.63 acres
Price per sqft
$311
Property Type
House
Property Taxes
$55
HOA Dues
-
Year Built
1995
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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 ( #308539)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 15, 2026 | Price Decreased |
$399,900
↓ $16K
(3.9%) | |
| Price Decreased | |||
| Jul 1, 2026 | Price Decreased |
$415,900
↓ $14K
(3.3%) | |
| Price Decreased | |||
| Jun 2, 2026 | Price Decreased |
$429,900
↓ $14K
(3.2%) | |
| Price Decreased | |||
| Apr 6, 2026 | Price Decreased |
$444,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Sep 30, 2025 | Listed by Century 21 MVP | $449,000 | |
| Listed by Century 21 MVP | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Driveway, Gravel
Garage Spaces: 1
Interior Details
Full Bathrooms: 3
Interior Features: Ceiling Fan(s), Eat-in Kitchen, Storage, Kitchen/Dining Combo, Solid Surface Counters, Walk-In Shower(s)
Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Washer
Flooring Type: Laminate
Has Fireplace
Fireplace Features: Gas Log
Fireplaces: 1
Basement: Partial, Unfinished, Basement
Exterior Details
Square Footage: 1286
Architectural Style: Cabin, Chalet, Cottage
Year Built: 1995
Building Area Total: 1286
Levels: One
Other Structures: Garage(s), Storage, Workshop
Window Features: Blinds
Construction Materials: Wood Siding
Patio and Porch Features: Deck
Pool Features: Hot Tub
Lot Features: Level, Sloped, Wooded
Lot Size Area: 0.63
Lot Size Units: Acres
Lot Size Acres: 0.63
Lot Size Square Feet: 27442.8
Lot Size Dimensions: 232.50 X 146 IRR
Tax Lot: 1C
Water Source: Shared Well
Financial Details
Tax Annual Amount: $665
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Electric, Heat Pump
Sewer : Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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