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Sevier 37876
460 Red Bud Lane
Photo of 460 Red Bud Lane
Sold on Mar 7, 2023

9

Map

Photo of 460 Red Bud Lane
Photo of 460 Red Bud Lane
$284,000
● House - Off Market

460 Red Bud Lane

Sevierville, TN 37876
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,288 Ft²
$308,114
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

A great home for the price!! A lot of potential possibly use it as an overnight rental or permanent residence. A 3 bedroom 2 bath with a detached 2 car garage. The home is private The lot is level and could park several vehicles even a camper if needed. Also two large covered porches on the front and back of the house. A lot of storage room in the crawl space area. Call today to view this home it wont last long!!
Unit Size
1,288 Ft²
Days on Market
-
Land Size
0.98 acres
Price per sqft
$232
Property Type
House
Property Taxes
$55
HOA Dues
-
Year Built
2007

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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 #RTC3308135)

Price History

Date / Event Date Event Price
Mar 7, 2023 Sold
Premium
Sold
Jan 23, 2023 Listed by Tennessee Elite Realty $299,000
Listed by Tennessee Elite Realty

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 4
  • 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: 3
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,124
  • Lot Size Depth Feet: 2,556
  • Lot Size Frontage Feet: 2,655
  • Total Building Area: 1,288
  • Gross Building Area: 1,288
  • Building Area: 1,288
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 1,288
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RED BUD ACRES
  • Land Acres: 0000000990
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: C00
  • Legal Description 1: RED BUD ACRES PB LM1 PG 144 LOT 22 265.45 X 255.55 IRR

Neighborhood

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

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 040
  • District: 04
  • Parcel: 040-037.22
  • Lot: 22
  • Municipality: SEVIER COUNTY
  • Latitude: 35.8994
  • Longitude: -83.465

    Address

  • Full Address: 460 Red Bud Ln
  • Address - House Number: 460
  • Address - Street Name: Red Bud
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R008
  • 4-Digit Zip Code: 2022
  • Zip Code: 37876

Valuation

    Tax

  • Total Area: 1,288
  • Tax Year: 2023
  • Tax Amount: $66,500
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 442,913
  • High Value: 646,269
  • Low Value: 239,556

    Market Valuation

  • Market Total Value: $179,800
  • Market Land Value: $32,600
  • Market Improvement Value: $147,200

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $44,950
  • Assessed Land Value: $8,150
  • Assessed Improvements Value: $36,800

    Sales

  • Current Sale Contract Date: Mar 07, 2023
  • Current Sale Recording Date: Mar 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6455
  • Previous Sale Recording Date: Apr 09, 2009
  • Previous Sale Amount: $155,000
  • 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:

$565,000

Sale Price/ft²

$335

Below Asking

0.02%

Average Days on Market

99

Average Home Size

2179 ft²

Average Home Age

23.2 years

Currently For Sale

2381 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: Christal Franklin, Tennessee Elite Realty
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3308135
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 460 Red Bud Lane built and last sold?
The property at 460 Red Bud Lane was built in 2007 and last sold on Mar 7, 2023 for $287,000.
How much is this home worth?
The estimated value of the home located at 460 Red Bud Lane is $307,140.
What are some comparable homes to 460 Red Bud Lane?
There are currently no comparable homes to 460 Red Bud Lane.
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