1467 Licking Spring Way Unit 3 Sevierville, TN 37876
1
Bed
1
Bath
650
Sq Ft
436
Sq Ft Lot
Highlights
- Deck
- Wooded Lot
- Tile Flooring
- Gatlinburg Pittman High School Rated A-
- Cooling System Mounted To A Wall/Window
- Ceiling Fan
About This Home
As of July 2024New Construction - Introducing an ideal short-term rental investment that caters to both first-time investors and seasoned pros alike. With a projected annual rental income of $50K per cabin, this property promises lucrative returns and low entry barriers, making it an attractive option for investors of all levels. With six charming cabins nestled in this picturesque subdivision, you have the option to purchase a single cabin or seize the opportunity to acquire all six, each offering its own distinctive charm and appeal with a lucrative opportunity to capitalize on the growing demand for a getaway in the Great Smoky Mountains area. Situated in a prime location with high demand for short-term rentals, this property offers the perfect balance of affordability and income potential. Step inside to discover a cozy living space adorned with the perfect blend of modern luxury and rustic charm. The open floor plan creates an inviting atmosphere for creating unforgettable memories. The well-appointed kitchen boasts stainless steel appliances, ample counter space, a kitchen island and stunning views of the surrounding landscape. Outside, a spacious deck provides the perfect spot for al fresco dining, morning coffee, or simply soaking up the sun. After a day of outdoor adventures, unwind in the comfortable living area or gather around the fireplace for cozy evenings indoors. Surrounded by lush forest, you'll feel a world away from the stresses of everyday life. Perfectly located minutes away from Gatlinburg, Pigeon Forge, the Great Smoky Mountains and all the area's renowned attractions and dining experiences. This cabin is perfectly suited for short-term rental investment, vacation home or a romantic getaway. Whether you're looking to generate passive income or create your own mountain retreat, this short-term rental cabin is an investment opportunity not to be missed.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $124
Year Built
- Built in 2024
Lot Details
- 436 Sq Ft Lot
- Wooded Lot
Home Design
- Frame Construction
Interior Spaces
- 650 Sq Ft Home
- Property has 1 Level
- Ceiling Fan
- Electric Fireplace
- Crawl Space
- Fire and Smoke Detector
Kitchen
- Oven or Range
- Microwave
- Dishwasher
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
Utilities
- Cooling System Mounted To A Wall/Window
- Heat Pump System
Community Details
- Property has a Home Owners Association
- Association fees include ground maintenance
- Licklog Hollow Mini Resub Subdivision
Listing and Financial Details
- Tax Lot 14-R
- Assessor Parcel Number 064O B 01400 000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 12, 2024
Closed on
Jul 17, 2024
Sold by
Tnj Development Group Llc
Bought by
Licking Spring Home Owners Association Inc
List Price
$400,000
Sold Price
$385,000
Premium/Discount to List
-$15,000
-3.75%
Total Days on Market
79
Views
44
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,000
Avg. Annual Appreciation
4.60%
Original Mortgage
$308,000
Outstanding Balance
$305,670
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$94,330
Purchase Details
Listed on
Mar 12, 2024
Closed on
Jul 16, 2024
Sold by
Tnj Development Group Llc
Bought by
Sims Jordan Day
List Price
$400,000
Sold Price
$385,000
Premium/Discount to List
-$15,000
-3.75%
Views
44
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Outstanding Balance
$305,670
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$94,330
Purchase Details
Closed on
Aug 7, 2023
Sold by
Hodo Homes Llc
Bought by
Tm Development Group Llc
Purchase Details
Closed on
Jun 21, 2021
Sold by
Myers Cindy J and Myers Michael Todd
Bought by
Hodo Homes Llc
Purchase Details
Closed on
Aug 23, 2013
Sold by
Mcmahan Georgia Estate
Bought by
Lewis Linda J and Mcmahan Lewis W
Purchase Details
Closed on
Sep 22, 2000
Bought by
Mcmahan Georgia
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Sevierville, TN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Concord Title | |
| Warranty Deed | $385,000 | Concord Title | |
| Warranty Deed | $300,000 | Maryville Title | |
| Warranty Deed | $129,000 | Smoky Mountain Title | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $26,800 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $308,000 | New Conventional | |
| Previous Owner | $456,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2024 07/16/24 | Sold | $385,000 | -3.8% | $592 / Sq Ft |
| 05/30/2024 05/30/24 | Pending | -- | -- | -- |
| 03/12/2024 03/12/24 | For Sale | $400,000 | -- | $615 / Sq Ft |
Source: Realtracs
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $83 | $5,800 | $5,800 | -- |
| 2023 | $83 | $5,800 | $0 | $0 |
| 2022 | $83 | $5,575 | $5,575 | $0 |
| 2021 | $83 | $5,575 | $5,575 | $0 |
| 2020 | $106 | $5,575 | $5,575 | $0 |
| 2019 | $106 | $5,700 | $5,700 | $0 |
| 2018 | $106 | $5,700 | $5,700 | $0 |
| 2017 | $106 | $5,700 | $5,700 | $0 |
| 2016 | $106 | $5,700 | $5,700 | $0 |
| 2015 | -- | $5,450 | $0 | $0 |
| 2014 | -- | $5,455 | $0 | $0 |
Source: Public Records
Source: Realtracs
MLS Number: 2833136
APN: 064O-B-014.00
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