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Pigeon Forge 37863
1133 Cove Falls Way #BEARPAWS
$500,000
● House - Off Market

1133 Cove Falls Way #BEARPAWS

Pigeon Forge, TN 37863
bedrooms
4 Beds
bathrooms
4 Baths
square feet
2,218 Ft²
$789,605
RealtyHop Estimate
54.85%
Since Apr 1, 2018
National-US
Primary Model

About This Property

This new construction 2017 four bedroom, four bath sits atop beautiful Bear Cove Falls Resort in Pigeon Forge TN. Income producing property currently on property management program. Sleeps 14, fully furnished with beautiful log furniture throughout. Stunning mountain views.
Unit Size
2,218 Ft²
Days on Market
-
Land Size
-
Price per sqft
$230
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2007

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Cap Rate Calculator

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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: 2 months ago (Realtracs #RTC3253952)

Price History

Date / Event Date Event Price
Mar 29, 2018 Sold
Premium
Sold
Nov 18, 2017 Listed by WEICHERT, REALTORS - TIGER REAL ESTATE $509,900
Listed by WEICHERT, REALTORS - TIGER REAL ESTATE

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 6
  • Building Quality: 6
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 25
  • Interior Walls Type: 18
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 3
  • Basement Area: 900
  • 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: 2,700
  • Gross Building Area: 2,700
  • Building Area: 2,700
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 2,700
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: BEAR COVE FALLS
  • Land Acres: 0000001000
  • Standard Land Use Code: 2000
  • County Land Use Code: 08
  • State Land Use Code: 08
  • Legal Description 1: BEAR COVE FALLS PB 37 PG 223 LOT 1 THE SPA AT BEAR COVE FALLS

Neighborhood

  • School District Name: Sevier County School District
  • School Tax School District: 78576
  • Census Tract: 080901

Zoning

  • Zoning: C-4

Geography

  • Assessors Map Reference: 095
  • District: 05
  • Parcel: 095-023.00-001
  • Lot: 1
  • Municipality: PIGEON FORGE
  • Latitude: 35.7895
  • Longitude: -83.5396

    Address

  • Full Address: 905 Mcmakin Way
  • Address - House Number: 905
  • Address - Street Name: Mcmakin
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Pigeon Forge
  • Carrier Code: C001
  • 4-Digit Zip Code: 2401
  • Zip Code: 37863

Valuation

    Tax

  • Total Area: 900
  • Tax Year: 2023
  • Tax Amount: $337,600
  • Tax Rate Code Area: 78A02

    Market Valuation

  • Market Total Value: $285,100
  • Market Land Value: $60,000
  • Market Improvement Value: $225,100

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $114,040
  • Assessed Land Value: $24,000
  • Assessed Improvements Value: $90,040

    Sales

  • Current Sale Contract Date: Apr 22, 2022
  • Current Sale Recording Date: Apr 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 19417
  • Previous Sale Recording Date: Jun 10, 2019
  • Previous Sale Contract Date: Jun 05, 2019
  • Previous Sale Amount: $239,000
  • 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:

$550,000

Sale Price/ft²

$363

Below Asking

0.03%

Average Days on Market

104

Average Home Size

1641 ft²

Average Home Age

22.2 years

Currently For Sale

282 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: Paula Riffle, WEICHERT, REALTORS - TIGER REAL ESTATE
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3253952
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 905 McMakin Way built and last sold?
The property at 905 McMakin Way was built in 2007 and last sold on Apr 22, 2022 for $1,040,000.
How much is this home worth?
The estimated value of the home located at 905 McMakin Way is $921,231.
What are some comparable homes to 905 McMakin Way?
There are currently no comparable homes to 905 McMakin Way.
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