$975,000
●
House -
Off Market
669 Red Bud Lane
Sevierville, TN 37876
5 Beds
4 Baths,
1
Half Bath
4,136 Ft²
$1,336,970
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model
About This Property
2 HOMES ON 28.6 PRIVATE ACRES surrounded by nature and MOUNTAIN
VIEWS Property # 1 is a 1976 sq.ft. 2 level home with a wrap-around
deck. Main floor features 2 rooms currently used as bedrooms,
bathroom, modern kitchen, and open living room/ dining area.
Downstairs you will love a family room with a coffee nook, and
SPACIOUS MASTER SUITE with a modern fireplace, walk in closet,
laundry room and private bathroom. MASTER BATH offers a walk-in
tile shower, clawfoot tub, tile floors etc. Property # 2 is 2160
sq.ft ONE level home currently used as a wedding venue with a huge
deck for gatherings. Home features mountain views, spacious living
room with a cozy floor to ceiling fireplace, cathedral ceilings.
Home can be furnished to be a 3br 2 full bath + 2 half bath
residential home or overnight rental. Beautiful property consists
of 3 parcels of land; each home is on a separate tract of land.
BEAUTIFUL MOUNTAIN VIEWS. Owner wishes to sell all property
together. 24x 40 Garage was turned into a finished space featuring
a spacious office space with a fireplace and 3 other rooms.
Property #1 has been fully remodeled in 2017: basement finished,
living room & kitchen redone, NEW WATER HEATER (2017), NEW ROOF
(2017), NEW HVAC (2021). Property # 2: NEW HVAC (2019). DRONE
PHOTOGRAPHY WAS USED.
Unit Size
4,136 Ft²
Days on Market
-
Land Size
28.69 acres
Price per sqft
$290
Property Type
House
Property Taxes
$211
HOA Dues
-
Year Built
1995
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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: 30 days ago (Realtracs #RTC3290572)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 31, 2024 | No longer available | - | |
| No longer available | |||
| May 25, 2024 | Price Decreased |
$599,000
↓ $20K
(3.2%) | |
| Price Decreased | |||
| May 1, 2024 | No longer available | - | |
| No longer available | |||
| Apr 12, 2024 | Price Decreased |
$619,000
↓ $21K
(3.3%) | |
| Price Decreased | |||
| Apr 4, 2024 | Listed by Keller Williams (West Knoxville) | $640,000 | |
| Listed by Keller Williams (West Knoxville) | |||
| | |||
|
PRICED TO SELL! YOUR WIN! Appraisal In the documents. Septic tank has been pumped.
Beautiful turn-key , fully furnished, quaint and secluded yet, just minutes from supermarkets, restaurants, and attractions, nestled on 3.49 acres at the foothills of the Great Smoky Mountains. this fully remodeled home boasts a harmonious blend of rustic charm and modern amenities, featuring a new kitchen with appliances, butcher block countertops, porcelain-tiled bathrooms, and a spacious basement with sleeping areas and a laundry room, comfortably hosting 12 guests; relish the mountain views from the large stamped concrete back porch or the amazing wrap-around deck(304 + sq ft, with added perks like electrical connections for a hot tub. Complete with a fire-pit area for unforgettable moments.This could be your perfect second home or vacation rental. House sold as IS. (Great condition) Buyer will have an updated permit by the fire department. Ready for your STR in the beautiful Smoky Mountains The manager has listed the unit size as 1976 square feet.
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Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Sevier
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Listed by: Rasa Baldino, Century 21 MVP
Last Updated: 30 days ago
Data Source: Realtracs, MLS# RTC3290572
Last Updated: 30 days ago
Data Source: Realtracs, MLS# RTC3290572
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]
Brokerage email: [email protected]
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017