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Sevier 37876
388 Red Bud Lane
$45,000
● House - Off Market

388 Red Bud Lane

Sevierville, TN 37876
bedrooms
2 Beds
bathrooms
2 Baths
$45,350
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Fixer Upper Opportunity, Cash ONLY* SOLD AS IS, Needs ALOT of work! Currently has renters, closing date subject to delay due to notification to renters.
Unit Size
-
Days on Market
53 days
Land Size
0.94 acres
Price per sqft
-
Property Type
House
Property Taxes
$13
HOA Dues
-
Year Built
1998

Payment Calculator

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Cap Rate Calculator

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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: 2 years ago ( #248395)

Price History

Date / Event Date Event Price
May 23, 2022 Sold
Premium
Sold
Mar 31, 2022 Listed by Tennessee Elite Realty $45,000
Listed by Tennessee Elite Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,946
  • Lot Size Depth Feet: 3,872
  • Lot Size Frontage Feet: 1,099
  • Total Building Area: 924
  • Gross Building Area: 924
  • Building Area: 924
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 924
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RED BUD ACRES
  • Land Acres: 0000000940
  • Standard Land Use Code: 1006
  • County Land Use Code: MH2
  • State Land Use Code: C00
  • Mobile Home Indicator: T
  • Legal Description 1: RED BUD ACRES PB LM1 PG 144 LOT 14 109.89 X 387.19 IRR

Neighborhood

  • School District Name: Sevier County School District
  • Census Tract: 080603

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 040
  • District: 04
  • Parcel: 040-037.14
  • Lot: 14
  • Municipality: SEVIER COUNTY
  • Latitude: 35.8964
  • Longitude: -83.4652

    Address

  • Full Address: 388 Red Bud Ln
  • Address - House Number: 388
  • Address - Street Name: Red Bud
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R008
  • 4-Digit Zip Code: 2020
  • Zip Code: 37876

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $11,000
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 384,089
  • High Value: 560,437
  • Low Value: 207,740

    Market Valuation

  • Market Total Value: $29,600
  • Market Land Value: $21,000
  • Market Improvement Value: $8,600

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $7,400
  • Assessed Land Value: $5,250
  • Assessed Improvements Value: $2,150

    Sales

  • Current Sale Contract Date: May 23, 2022
  • Current Sale Recording Date: May 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 23892
  • Previous Sale Recording Date: Jun 06, 2006
  • Previous Sale Amount: $12,900
  • 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:

$555,000

Sale Price/ft²

$333

Below Asking

0.02%

Average Days on Market

98

Average Home Size

2188 ft²

Average Home Age

22.8 years

Currently For Sale

2470 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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Frequently Asked Questions

When was property at 388 Red Bud Lane built and last sold?
The property at 388 Red Bud Lane was built in 1998 and last sold on May 23, 2022 for $45,000.
How much is this home worth?
The estimated value of the home located at 388 Red Bud Lane is $45,450.
What are some comparable homes to 388 Red Bud Lane?
There are currently no comparable homes to 388 Red Bud Lane.
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