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Sevier 37863
814 Mill Creek Road
Photo of 814 Mill Creek Road
Sold on Dec 8, 2023

22

Map

Photo of 814 Mill Creek Road
Photo of 814 Mill Creek Road
$420,000
● House - Off Market

814 Mill Creek Road

Pigeon Forge, TN 37863
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,060 Ft²
$2,113
Est. Monthly

About This Property

Privately tucked away just minutes from the Pigeon Forge Parkway, this 2023 newly renovated creekside cabin boasts what mountain living and vacationing is all about. This cozy and inviting Smoky Mountain ambiance offers great outdoor entertainment space, covered decks, and spacious parking. With a well-paved drive, this property does not require any steep roads to be drove to access it. This cabin was designed to cater to being used as an overnight rental, vacation home, or primary residence. The potential for this property at this price point is endless and a great opportunity to scale your wealth!
Unit Size
1,060 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$401
Property Type
House
Property Taxes
$25
HOA Dues
-
Year Built
1952

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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 #RTC3543410)

Price History

Date / Event Date Event Price
Dec 8, 2023 Sold
Premium
Sold
Nov 2, 2023 Listed by Local Realty Group $425,000
Listed by Local Realty Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1983
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 6
  • Building Quality: 7
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,670
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 2,700
  • Total Building Area: 1,216
  • Gross Building Area: 1,216
  • Building Area: 1,216
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,216
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000750
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: C00
  • Legal Description 1: 270 X 165 IRR

Neighborhood

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

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 105
  • District: 05
  • Parcel: 105-066.00
  • Municipality: SEVIER COUNTY
  • Latitude: 35.7582
  • Longitude: -83.5686

    Address

  • Full Address: 814 Mill Creek Rd
  • Address - House Number: 814
  • Address - Street Name: Mill Creek
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Pigeon Forge
  • Carrier Code: R015
  • 4-Digit Zip Code: 4550
  • Zip Code: 37863

Valuation

    Tax

  • Total Area: 1,216
  • Tax Year: 2023
  • Tax Amount: $30,400
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.0876
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 418,874
  • High Value: 455,577
  • Low Value: 382,172

    Market Valuation

  • Market Total Value: $82,100
  • Market Land Value: $17,700
  • Market Improvement Value: $64,400

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $20,525
  • Assessed Land Value: $4,425
  • Assessed Improvements Value: $16,100

    Sales

  • Current Sale Contract Date: Dec 05, 2023
  • Current Sale Recording Date: Dec 08, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 36253
  • Previous Sale Recording Date: Jun 13, 2023
  • Previous Sale Contract Date: Jun 13, 2023
  • Previous Sale Amount: $110,000
  • 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:

$555,000

Sale Price/ft²

$334

Below Asking

0.02%

Average Days on Market

99

Average Home Size

2193 ft²

Average Home Age

23 years

Currently For Sale

2391 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: Gracie Mayfield, Local Realty Group
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3543410
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 814 Mill Creek Road built and last sold?
The property at 814 Mill Creek Road was built in 1952 and last sold on Dec 5, 2023 for $420,000.
How much is this home worth?
The estimated value of the home located at 814 Mill Creek Road is $425,439.
What are some comparable homes to 814 Mill Creek Road?
There are currently no comparable homes to 814 Mill Creek Road.
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