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Sevier 37876
425 McKinney Drive
Photo of 425 McKinney Drive
Sold on Aug 18, 2023

29

Map

Photo of 425 McKinney Drive
Photo of 425 McKinney Drive
$385,000
● House - Off Market

425 McKinney Drive

Sevierville, TN 37876
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,300 Ft²
$372,800
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

New construction home in New Center with level yard and unfinished basement! This 3 bedroom, 2 full bathroom home boasts granite countertops an an open kitchen, dining, and living room floor plan. On the main level you also have a laundry room and a spacious back deck to enjoy the outdoors. Downstairs you will find a 2 car garage and an unfinished basement that presents an opportunity for future expansion or current storage. The level .81 acre yard surrounding the property is perfect for outdoor activities, relaxing, or entertaining. Located a short 10 minute drive from Sevierville, you'll have easy access to a wide range of amenities, including dining, shopping, entertainment, and medical centers. This property is an ideal primary residence or a long-term investment (no short-term rentals). [Drone photography used]
Unit Size
1,300 Ft²
Days on Market
-
Land Size
0.81 acres
Price per sqft
$288
Property Type
House
Property Taxes
$9
HOA Dues
-
Year Built
2023

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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 months ago (Realtracs #RTC3543447)

Price History

Date / Event Date Event Price
Aug 18, 2023 Sold
Premium
Sold
Jun 8, 2023 Listed by Local Realty Group $374,900
Listed by Local Realty Group

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2023
  • Effective Year Built: 2023
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 1,300
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 35,284
  • Lot Size Depth Feet: 2,394
  • Lot Size Frontage Feet: 1,441
  • Total Building Area: 2,600
  • Gross Building Area: 2,600
  • Building Area: 1,300
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 1,300
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CENTER VIEW EST #2
  • Land Acres: 0000000810
  • Standard Land Use Code: 1001
  • County Land Use Code: 00-V
  • State Land Use Code: C00
  • Legal Description 1: CENTER VIEW EST #2 PB 26 PG 95 LOT 2 144.08 X 239.44 IRR

Neighborhood

  • School District Name: Sevier County School District
  • Census Tract: 080604

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 051E
  • District: 04
  • Parcel: 051E-A-002.00
  • Lot: 2
  • Municipality: SEVIER COUNTY
  • Latitude: 35.8723
  • Longitude: -83.4576

    Address

  • Full Address: 425 Mckinney Dr
  • Address - House Number: 425
  • Address - Street Name: Mckinney
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R028
  • 4-Digit Zip Code: 5226
  • Zip Code: 37876

Valuation

    Tax

  • Total Area: 1,300
  • Tax Year: 2023
  • Tax Amount: $44,600
  • Tax Rate Code Area: 78A00

    Market Valuation

  • Market Total Value: $196,400
  • Market Land Value: $27,500
  • Market Improvement Value: $168,900

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $49,100
  • Assessed Land Value: $6,875
  • Assessed Improvements Value: $42,225

    Sales

  • Current Sale Contract Date: Aug 18, 2023
  • Current Sale Recording Date: Aug 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 25811
  • Previous Sale Recording Date: Dec 24, 2018
  • Previous Sale Contract Date: Dec 21, 2018
  • Previous Sale Amount: $31,000
  • Previous Sale Document Type: 27
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

$334

Below Asking

0.02%

Average Days on Market

99

Average Home Size

2193 ft²

Average Home Age

23 years

Currently For Sale

2391 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

Click here to view more rentals in the neighborhood.
Realtracs

Listed by: Rachel Beasley, Local Realty Group
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3543447
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 425 McKinney Drive built and last sold?
The property at 425 McKinney Drive was built in 2023 and last sold on Aug 18, 2023 for $385,000.
How much is this home worth?
The estimated value of the home located at 425 McKinney Drive is $380,808.
What are some comparable homes to 425 McKinney Drive?
There are currently no comparable homes to 425 McKinney Drive.
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