by Lee Lin

See Home Value
Sevier 37863
707 Ridgewood Way
$599,900
● House - Off Market

707 Ridgewood Way

Pigeon Forge, TN 37863
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,165 Ft²
$3,035
Est. Monthly

About This Property

CASH FLOW CABIN in the Gated commumity of Sherwood Forest Resort. 2019 numbers approached $90,000 gross rental income!!! Approx 1 mile from the Parkway and less than 10 minutes to Dollywood and all the attractions of Pigeon Forge. Due to Sherwood Forests location on the very southern end of Pigeon Forge, you can be in the Great Smoky Mountain National Park in 15 minutes via the Gatlinburg by-Pass, with out hitting the crazy Gatlinburg traffic. No steep roads, ALL city utilities, and a community pool, yet reasonable HOA. This log home offers everything the guests are looking for in a vacation rental: Rec room loft with arcade games, Theater room, and 4 bedrooms on 3 levels to afford privacy for the whole family. Relax in the hot tub while looking out to Sherwoods FOREST view. The owners are experienced VRBO sellers with multiple properties and will help new owners get started as a successful rent by owner business. Cabin was professionally stained less than 1 year ago. HVAC is 4 years old. Plenty of parking for a cabin of this size. 2019 numbers approached $90,000 gross rental income. Come enjoy your own family vacation cabin in the Great Smoky Mountains while profiting from this wonderfull investment.
Unit Size
2,165 Ft²
Days on Market
-
Land Size
-
Price per sqft
$277
Property Type
House
Property Taxes
$89
HOA Dues
-
Year Built
2003

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Last updated: 30 days ago (Realtracs #RTC3240119)

Price History

Date / Event Date Event Price
Dec 19, 2022 Sold
Sold
Aug 25, 2022 Listed by Century 21 MVP $925,000
Listed by Century 21 MVP
Well seasoned STR with over 93k in revenue last year and over $73k on the books for 2022! This popular STR features 4 beds 3 baths in the highly sought after Sherwood Forest Resort! The spirit of "Mama Bear" is warm and welcoming as soon as you set foot in the door! Updated and upgraded throughout including granite counter tops, beautiful antler chandelier, glass bowl sinks in the bathrooms... Sherwood Resort features a community pool for guests to enjoy and is close all the attractions of Pigeon Forge, Gatlinburg, and Sevierville!
May 3, 2022 Listed by Century 21 MVP $1,000,000
Listed by Century 21 MVP
Over 93k in revenue last year! 4 bed 3 bath cabin in popular Sherwood Forest Resort! Minutes to the parkway in Pigeon Forge! The spirit of "Mama Bear" is warm and welcoming as soon as you set foot in the door. From granite counter tops to the beautiful antler chandelier, and even the glass bowl sinks in the bathrooms, so many little finishing touches come together to make this successful STR a super cozy retreat!
Aug 7, 2020 Sold
Sold
Jul 2, 2020 Listed by All Pro Realtors, LLC $599,900
Listed by All Pro Realtors, LLC
CASH FLOW CABIN in the Gated commumity of Sherwood Forest Resort. $92,482 gross rental income for 2019!!! Approx 1 mile from the Parkway and less than 10 minutes to Dollywood and all the attractions of Pigeon Forge. Due to Sherwood Forests location on the very southern end of Pigeon Forge, you can be in the Great Smoky Mountain National Park in 15 minutes via the Gatlinburg by-Pass, with out hitting the crazy Gatlinburg traffic. No steep roads, ALL city utilities, and a community pool, yet reasonable HOA. This log home offers everything the guests are looking for in a vacation rental: Rec room loft with arcade games, Theater room, and 4 bedrooms on 3 levels to afford privacy for the whole family. Relax in the hot tub while looking out to Sherwoods FOREST view. The owners are experienced VRBO sellers with multiple properties and will help new owners get started as a successful rent by owner business. Cabin was professionally stained less than 1 year ago. HVAC is 4 years old. Plenty of parking for a cabin of this size. Documented 2019 gross rental income 0f $92,482 from AirBNB and VRBO. Come enjoy your own family vacation cabin in the Great Smoky Mountains while profiting from this wonderfull investment.
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Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • 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: 2
  • Basement Area: 780
  • 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: 2,340
  • Gross Building Area: 2,340
  • Building Area: 2,340
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 2,340
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: SHERWOOD FOREST RESORT PH1
  • Land Acres: 0000001000
  • Standard Land Use Code: 2000
  • County Land Use Code: 08
  • State Land Use Code: C00
  • Legal Description 1: SHERWOOD FOREST RESORT PH1 PB LM4 PG 65 LOT U-11 UNIT 11

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-001.00-011
  • Lot: U-11
  • Municipality: SEVIER COUNTY
  • Latitude: 35.7611
  • Longitude: -83.5485

    Address

  • Full Address: 707 Ridgewood Way
  • Address - House Number: 707
  • Address - Street Name: Ridgewood
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Pigeon Forge
  • Zip Code: 37863

Valuation

    Tax

  • Total Area: 780
  • Tax Year: 2023
  • Tax Amount: $288,700
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.0876
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 1,185,984
  • High Value: 1,289,901
  • Low Value: 1,082,066

    Market Valuation

  • Market Total Value: $487,700
  • Market Land Value: $50,000
  • Market Improvement Value: $437,700

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $195,080
  • Assessed Land Value: $20,000
  • Assessed Improvements Value: $175,080

    Sales

  • Current Sale Contract Date: Dec 14, 2022
  • Current Sale Recording Date: Dec 29, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 47752
  • Previous Sale Recording Date: Aug 10, 2020
  • Previous Sale Contract Date: Aug 04, 2020
  • Previous Sale Amount: $595,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

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Frequently Asked Questions

When was property at 707 Ridgewood Way built and last sold?
The property at 707 Ridgewood Way was built in 2003 and last sold on Dec 14, 2022 for $900,000.
How much is this home worth?
The estimated value of the home located at 707 Ridgewood Way is $920,240.
What are some comparable homes to 707 Ridgewood Way?
There are currently no comparable homes to 707 Ridgewood Way.