428 Shrader Road
About This Property
Rarely does a property offer this much space, flexibility, and convenience! Set on 3.71 acres just outside the city limits of historic Dandridge, Tennessee, this unique property features beautiful hilltop and mountain views, living space, abundance of storage, multiple outbuildings, and room for just about everything you could imagine.
The 1,872-square-foot finished living area offers an inviting open-concept living area and a well-appointed kitchen with abundant cabinetry, granite countertops, and a large center island. The spacious primary suite features a large ensuite bath with a tiled shower, while the additional bedroom has convenient access to a full bath that also serves as a common bath from the laundry area. A generously sized laundry room provides plenty of space for storage and a pantry area.
For hobbyists, outdoor enthusiasts, contractors, or anyone needing room for equipment and recreational vehicles, the property truly shines. The 1308 sq. ft shop has a lift and upper-level storage provides exceptional workspace and storage, complemented by open-covered parking, additional storage areas, a shed, and a carport. The 964-square-foot barn includes a semi-finished ''Recreational Cave''--perfect for hobbies, crafts, entertaining, a game room, or creating your own personal retreat.
There is still plenty of room to make the property your own, with potential space for a pool, tennis court, additional recreational areas, or other outdoor amenities. The property may also offer the potential to be subdivided into two parcels, adding even more flexibility.
Enjoy peaceful country living while remaining conveniently located just minutes from I-40 Exits 415 and 417. Douglas Lake and a boat launch are approximately 10 minutes away, Knoxville is about 28 minutes, Pigeon Forge and Sevierville are approximately 20-30 minutes, Gatlinburg 35-45 minutes, and Morristown 25-35 minutes. Easy access to I-40 and I-81 provides convenient connections to I-75 and I-26, making travel in every direction a breeze.
Outdoor recreation is virtually at your doorstep, with multiple lakes within approximately an hour, plus abundant opportunities for fishing, boating, hiking, camping, and exploring the Great Smoky Mountains, Appalachian Trail, Blue Ridge Parkway, and countless historic and recreational destinations.
With reasonable property taxes, 3.71 acres, gorgeous mountain views, numerous outbuildings, exceptional storage, and an outstanding location, this property offers a combination that is increasingly difficult to find. Whether you need space for boats, RVs, equipment, hobbies, storage, or a large workshop--or simply want room to spread out--the possibilities are endless.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 22, 2026 | Price Decreased |
$649,900
↓ $30K
(4.4%) | |
| Price Decreased | |||
| Aug 19, 2026 | Listed by Franklin Realty | $679,900 | |
| Listed by Franklin Realty | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Sep 29, 2020 | In contract | - | |
| In contract | |||
| Jun 16, 2020 | Listed | $389,900 | |
| Listed | |||
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Come view an extremely unique house with attached 38' RV garage! One level living with all the storage you can imagine. This property offers beautiful mountain views of the majestic Smoky Mountains. Enjoy your evening on your covered patio with an over-sized outdoor fireplace. This property has numerous out buildings including an older-style barn, an attached garage with over 2,000 sq ft., and there is still plenty of room to grow. Located in the hub of the wheel locally, you can get to Knoxville, Sevierville, and Pigeon Forge in 30 minutes or less. Very short distance to Douglas and Cherokee Lakes. Low taxes, low utility bills, and no state income tax. Barn has potential for conversion to a guest cottage. Can be sub-divided for an additional dwelling site. RV garage has room for any hobby shop up to up to 1500 sq. ft. +/- of utility space. Zoning options may be considered. Broad band internet coming soon. At home business is a possibility. Orchard, gardens, and livestock welcome. Come see today! The manager has listed the unit size as 1847 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017