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Sevier 37862
3960 Millers Ridge Way
Photo of 3960 Millers Ridge Way
Sold on Aug 28, 2019

25

Map

Photo of 3960 Millers Ridge Way
Photo of 3960 Millers Ridge Way
$212,000
● House - Off Market

3960 Millers Ridge Way

Sevierville, TN 37862
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,040 Ft²
$329,907
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

Peaceful 2bd/2ba cabin. Very well kept cabin with nice front porch to enjoy the view of mountains. Come see how much Love Where She Lives the owner has put into this cabin. Lots of new items and ask your agent to provide the list.
Unit Size
1,040 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$216
Property Type
House
Property Taxes
$41
HOA Dues
-
Year Built
1995

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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: 4 months ago (Realtracs #RTC3278726)

Price History

Date / Event Date Event Price
Aug 28, 2019 Sold
Premium
Sold
Jul 5, 2019 Listed by Mountain Realty Group $225,000
Listed by Mountain Realty Group
Nov 15, 2018 No longer available -
No longer available
Mar 2, 2018 Listed $199,900
Listed
Cute cabin in great Wears Valley location. 2 bedroom, 2 bath with easy access. Has never been on rental, used only as a second home but could be a nice rental. Covered deck across the entire front of cabin with view of pond. Comes furnished and is clean as a whistle on the inside. The manager has listed the unit size as 1040 square feet.

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • 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: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 1,491
  • Lot Size Frontage Feet: 1,550
  • Total Building Area: 1,040
  • Gross Building Area: 1,040
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HICKORY HOLLOW
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 03
  • State Land Use Code: C00
  • Legal Description 1: HICKORY HOLLOW PB 28 PG 53 LOT TR29 155 X 149.14 IRR

Neighborhood

  • School District Name: Sevier County School District
  • Census Tract: 080901

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 123G
  • District: 06
  • Subdivision Tract Number: 29
  • Parcel: 123G-A-001.00
  • Lot: TR29
  • Municipality: SEVIER COUNTY
  • Latitude: 35.7243
  • Longitude: -83.6758

    Address

  • Full Address: 3960 Millers Ridge Way
  • Address - House Number: 3960
  • Address - Street Name: Millers Ridge
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R007
  • 4-Digit Zip Code: 8166
  • Zip Code: 37862

Valuation

    Tax

  • Total Area: 1,040
  • Tax Year: 2023
  • Tax Amount: $70,900
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 229,787
  • High Value: 335,290
  • Low Value: 124,283

    Market Valuation

  • Market Total Value: $191,700
  • Market Land Value: $40,000
  • Market Improvement Value: $151,700

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $47,925
  • Assessed Land Value: $10,000
  • Assessed Improvements Value: $37,925

    Sales

  • Current Sale Contract Date: Aug 06, 2019
  • Current Sale Recording Date: Aug 29, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 19027199
  • Previous Sale Recording Date: Nov 14, 2018
  • Previous Sale Contract Date: Nov 06, 2018
  • Previous Sale Amount: $190,000
  • 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:

$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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Realtracs

Listed by: Neva Waite, Mountain Realty Group
Last Updated: 4 months ago
Data Source: Realtracs, MLS# RTC3278726
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 3960 Millers Ridge Way built and last sold?
The property at 3960 Millers Ridge Way was built in 1995 and last sold on Aug 6, 2019 for $212,000.
How much is this home worth?
The estimated value of the home located at 3960 Millers Ridge Way is $232,603.
What are some comparable homes to 3960 Millers Ridge Way?
There are currently no comparable homes to 3960 Millers Ridge Way.
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