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Sevier 37863
4361 Forest Ridge Way #THEPOOLPALACE
Photo of Unit THEPOOLPALACE at 4361 Forest Ridge Way
Sold on Apr 5, 2022

1

Map

$1,727,000
● House - Off Market

4361 Forest Ridge Way #THEPOOLPALACE

Pigeon Forge, TN 37863
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
4,432 Ft²
$1,773,983
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Buyers Financing Fell Through! Amazing investment opportunity! Projected rental of $190K gross + This spacious cabin can comfortably accommodate all your guests at nearly 4500sqft with oversize great room, vaulted ceilings and windows galore. The Pool Palace has 5 on suite king sized bedrooms, generous game room and separate theater room with seating for everyone. LARGE OPEN INDOOR POOL with lots of windows, has recently been upgraded. Cabin close to community pool. 3 levels of decks offering privacy, just 4 mins from the parkway. Perfect location in Pigeon Forge with easy access to Wears Valley, Sevierville and Gatlinburg and all area attractions such as Dollywood, Anakeesta and Mountain Coasters. With proven rental history, this cabin is the real deal. Cabin, The Pool Palace currently rented with Patriot Getaways
Unit Size
4,432 Ft²
Days on Market
-
Land Size
-
Price per sqft
$395
Property Type
House
Property Taxes
$189
HOA Dues
$100
Year Built
2016

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 2 months ago (Realtracs #RTC3298976)

Price History

Date / Event Date Event Price
Apr 5, 2022 Sold
Premium
Sold
Dec 15, 2021 Listed by United Real Estate Solutions $1,750,000
Listed by United Real Estate Solutions

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Bathroom Plumbing Fixtures: 17
  • Building Condition: 6
  • Building Quality: 6
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 25
  • Interior Walls Type: 18
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 200
  • Floor Cover: 15
  • Basement Type: 2
  • Basement Area: 1,584
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 4,432
  • Gross Building Area: 4,432
  • Building Area: 4,432
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 4,432
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: SHERWOOD FOREST RESORT
  • Land Acres: 0000001000
  • Standard Land Use Code: 2000
  • County Land Use Code: 08
  • State Land Use Code: C00
  • Legal Description 1: SHERWOOD FOREST RESORT PB 40 PG 324 LOT 63-R PHASE 3 UNIT 4

Neighborhood

  • School District Name: Sevier County School District
  • Census Tract: 081002

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 105L
  • District: 05
  • Parcel: 105L-B-001.00-063
  • Lot: 63R
  • Municipality: SEVIER COUNTY
  • Latitude: 35.757
  • Longitude: -83.5535

    Address

  • Full Address: 4361 Forest Ridge Way
  • Address - House Number: 4361
  • Address - Street Name: Forest Ridge
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Pigeon Forge
  • Zip Code: 37863

Valuation

    Tax

  • Total Area: 1,584
  • Tax Year: 2023
  • Tax Amount: $493,600
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.0876
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 1,767,677
  • High Value: 1,922,563
  • Low Value: 1,612,791

    Market Valuation

  • Market Total Value: $833,800
  • Market Land Value: $50,000
  • Market Improvement Value: $783,800

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $333,520
  • Assessed Land Value: $20,000
  • Assessed Improvements Value: $313,520

    Sales

  • Current Sale Contract Date: Apr 04, 2022
  • Current Sale Recording Date: Apr 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 16615
  • Previous Sale Recording Date: May 06, 2019
  • Previous Sale Contract Date: May 06, 2019
  • Previous Sale Amount: $870,000
  • 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:

$575,000

Sale Price/ft²

$337

Below Asking

0.02%

Average Days on Market

100

Average Home Size

2174 ft²

Average Home Age

22.9 years

Currently For Sale

2291 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: Karen De Amorim, United Real Estate Solutions
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3298976
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 4361 Forest Ridge Way built and last sold?
The property at 4361 Forest Ridge Way was built in 2016 and last sold on Apr 4, 2022 for $1,727,000.
How much is this home worth?
The estimated value of the home located at 4361 Forest Ridge Way is $1,767,500.
What are some comparable homes to 4361 Forest Ridge Way?
There are currently no comparable homes to 4361 Forest Ridge Way.
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