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Pigeon Forge 37863
523 Cole Drive
Photo of 523 Cole Drive
Sold on Aug 2, 2021

27

Map

Photo of 523 Cole Drive
Photo of 523 Cole Drive
$307,000
● House - Off Market

523 Cole Drive

Pigeon Forge, TN 37863
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,197 Ft²
$337,610
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

A very nice 2 bedroom 2 bath log cabin in the heart of Pigeon Forge. It has a circular drive, carport room to park an RV. There is a small stream that runs behind the house. The front porch extends across the front of the home and to an enclosed side porch. The interior is immaculate. with a vaulted ceiling in the open floor plan. Gas logs fireplace and a large flat-screen TV above on the wall. The large window above is painted with a woodland scene that looks like stained glass. The master is on the main floor and opens to the bonus room. The bonus room has a game table and sofa for entertaining. Upstairs has another large bedroom with a loft window that overlooks the main room below. You can access the post office and grocery stores without ever getting on the parkway. NOT ZONED FOR VACATION RENTAL.
Unit Size
1,197 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$246
Property Type
House
Property Taxes
$69
HOA Dues
-
Year Built
2001

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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 #RTC3299034)

Price History

Date / Event Date Event Price
Aug 2, 2021 Sold
Premium
Sold
Jun 25, 2021 Listed by United Real Estate Solutions $295,000
Listed by United Real Estate Solutions

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 1
  • 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
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 264
  • Parking Space Count: 1
  • Patio Type: 94
  • Porch Type: 89
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,496
  • Gross Building Area: 1,716
  • Building Area: 1,496
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 1,496
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESTWOOD
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 03
  • State Land Use Code: C00
  • Legal Description 1: WESTWOOD PB 9 PG 52 LOT 3 100 X 150

Neighborhood

  • School District Name: Sevier County School District
  • School Tax School District: 78576
  • Census Tract: 080904

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 094K
  • District: 05
  • Parcel: 094K-A-040.00
  • Lot: 3
  • Municipality: PIGEON FORGE
  • Latitude: 35.7812
  • Longitude: -83.5654

    Address

  • Full Address: 523 Cole Dr
  • Address - House Number: 523
  • Address - Street Name: Cole
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Pigeon Forge
  • Carrier Code: R015
  • 4-Digit Zip Code: 3714
  • Zip Code: 37863

Valuation

    Tax

  • Total Area: 748
  • Tax Year: 2023
  • Tax Amount: $186,000
  • Tax Rate Code Area: 78A02

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 470,915
  • High Value: 687,128
  • Low Value: 254,701

    Market Valuation

  • Market Total Value: $251,300
  • Market Land Value: $28,000
  • Market Improvement Value: $223,300

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $62,825
  • Assessed Land Value: $7,000
  • Assessed Improvements Value: $55,825

    Sales

  • Current Sale Contract Date: Aug 02, 2021
  • Current Sale Recording Date: Aug 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21028183
  • Previous Sale Recording Date: Nov 04, 2019
  • Previous Sale Contract Date: Oct 31, 2019
  • Previous Sale Amount: $250,000
  • 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 Pigeon Forge

Stats & Trends

Median Asking:

$529,900

Sale Price/ft²

$362

Below Asking

0.02%

Average Days on Market

105

Average Home Size

1911 ft²

Average Home Age

22.4 years

Currently For Sale

283 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

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Realtracs

Listed by: Bryan Kendrick, United Real Estate Solutions
Last Updated: 4 months ago
Data Source: Realtracs, MLS# RTC3299034
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 523 Cole Drive built and last sold?
The property at 523 Cole Drive was built in 2001 and last sold on Aug 2, 2021 for $307,000.
How much is this home worth?
The estimated value of the home located at 523 Cole Drive is $306,543.
What are some comparable homes to 523 Cole Drive?
There are currently no comparable homes to 523 Cole Drive.
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