1467 Licking Spring Way Unit 3 Sevierville, TN 37876
Estimated Value: $367,000
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
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Purchase Details
Purchase Details
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Licking Spring Home Owners Association Inc | -- | Concord Title | |
| Sims Jordan Day | $385,000 | Concord Title | |
| Tm Development Group Llc | $300,000 | Maryville Title | |
| Hodo Homes Llc | $129,000 | Smoky Mountain Title | |
| Lewis Linda J | -- | -- | |
| Mcmahan Georgia | $26,800 | -- |
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sims Jordan Day | $308,000 | |
| Previous Owner | Tnj Development Group Llc | $456,000 |
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 |
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $86 | -- | -- | -- |
| 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 |
Map
Source: Realtracs
MLS Number: 2833136
APN: 064O-B-014.00
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