NOT LISTED FOR SALE

1520 Rainbow Ridge Way Sevierville, TN 37862

Estimated Value: $1,029,493 - $1,367,000

7 Beds
7.5 Baths
3,236 Sq Ft
$356/Sq Ft Est. Value

Last Sold October 22, 2021

Last sale price $975,000 $301 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $6,470/month

92 Days on Market

Highlights

  • Pool and Spa
  • Deck
  • Cathedral Ceiling
  • Gatlinburg Pittman High School Rated A-
  • Seasonal View
  • Wood Flooring

About This Home

As of October 2021

LOCATION!!! Huge, income producing cabin with amazing location. This 7 bedroom 7 1/2 bath cabin is just a short drive off of the Parkway near the Tanger shopping outlets. Gross earnings of $94k already on the books for 2021. Walking into the main level you are welcomed with tall cathedral ceilings, open concept living room and kitchen, and 2 Master Suites. Downstairs is a party paradise with 2 master suites, 1 bunk room suite, and a fully equipped game room. Upstairs will be 2 additional Master Suites. The cabin can sleep 20 guests on the rental program. The cabin grossed $85k in 2019 and $66k in 2020 (multiple cancellations due to COVID). With the size, amazing location, and established rentals, this cabin is sure to make a great addition to your portfolio. You can see the cabin's heavily booked calendar at the website below.

Last Agent to Sell the Property

Danielle Henderson

Tennessee Mountain Real Estate, LLC License #336382 Listed on: 06/17/2021

Last Buyer's Agent

NON MEMBER

NON MEMBER FIRM License #105

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,447

Year Built

  • Built in 2006

Lot Details

  • Level Lot

HOA Fees

  • $100 Monthly HOA Fees

Home Design

  • Log Cabin
  • Metal Roof
  • Log Siding

Interior Spaces

  • 3-Story Property
  • Furnished
  • Cathedral Ceiling
  • Gas Log Fireplace
  • Great Room
  • Bonus Room
  • Wood Flooring
  • Seasonal Views
  • Attic Access Panel
  • Finished Basement

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Pool and Spa
  • Deck

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Association fees include insurance, ground maintenance
  • Rainbow Ridge Owners Association
  • Rainbow Ridge Subdivision
  • On-Site Maintenance

Listing and Financial Details

  • Tax Lot 6/1
  • Assessor Parcel Number 072K D 001.00 006

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,447

Year Built

Built in 2006

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2006
  • Zoning: R-1
  • Reso Property Sub Type: Single Family Residence
  • NumberUnfurnished: Furnished
  • ResoLaundryFeatures: Electric Dryer Hookup, Washer Hookup
  • ResoLotFeatures: Level
  • ResoPoolFeatures: Hot Tub
  • Road Frontage Type: City Street
  • Reso View: Seasonal
  • Reso Association Fee Includes: Insurance, Maintenance Grounds
  • Co List Office Mls Id: 661
  • Subdivision Name: Rainbow Ridge
  • Above Grade Finished Sq Ft: 1956.0
  • Architectural Style: Cabin
  • Fireplace: Yes
  • Reso Flooring: Wood
  • Garage Yn: No
  • Unit Levels: Three Or More
  • Location Tax and Legal Parcel Number2: 072K D 001.00 006
  • Location Tax and Legal Tax Lot2: 6/1
  • Location Tax and Legal:Tax Annual Amount: 1447.08
  • Location Tax and Legal Tax Year2: 2019
  • General Property Information Above Grade Finished Area: 1956.0
  • General Property Information Below Grade Finished Area: 1280.0
  • General Property Information:Bathrooms Half: 1
  • General Property Information Bonus Room YN2: Yes
  • General Property Information:Furnished: Furnished
  • General Property Information Accessory Dwelling Unit YN2: No
  • General Property Information Home Warranty YN: No
  • General Property Information Construction Type2: Site Built
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Architectural Style Cabin2: Yes
  • Attic Features Access Only: Yes
  • Cooling:Central Air: Yes
  • Flooring Wood: Yes
  • Interior Features Great Room2: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Sewer:Public Sewer: Yes
  • View Seasonal: Yes
  • Water Source:Public: Yes
  • Utilities:Cable Available: Yes
  • Utilities Water Available: Yes
  • Levels Three Or More: Yes
  • Pool Features Hot Tub: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Basement, Finished
  • Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
  • Interior Amenities: Cathedral Ceiling(s), Great Room
  • Street Number Modifier: 1520
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Below Grade Sq Ft: 1280.0
  • Fireplace Features: Gas Log
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Basement:Basement2: Yes
  • Basement Finished: Yes
  • Fireplace Features:Gas Log: Yes

Exterior Features

  • Roof: Metal
  • Home Warranty: No
  • Construction Type: Log
  • Patio And Porch Features: Deck
  • Construction Materials:Log: Yes
  • Lot Features:Level: Yes
  • Patio And Porch Features:Deck2: Yes
  • ConstructionSiding:Roof Metal: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Cooling: Central Air, Electric
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Cable Available, Water Available
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • HeatingCooling:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Association Fee: 100.0
  • Association Fee Frequency: Monthly
  • Association Name: Rainbow Ridge Owners Association
  • Association: Yes

Association/Amenities

  • Association Fee Includes:Insurance: Yes
  • Association Fee Includes:Maintenance Grounds2: Yes

Lot Info

  • Parcel #: 072K D 001.00 006

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 1447.08
  • Tax Lot: 6/1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2021
Closed on
Oct 21, 2021
Sold by
Butofsky Jeffrey and Butofsky Megan
Bought by
Ting Adam and Ting Emily
Seller's Agent
Danielle Henderson
Tennessee Mountain Real Estate, LLC
Buyer's Agent
NON MEMBER
NON MEMBER FIRM
List Price
$999,999
Sold Price
$975,000
Premium/Discount to List
-$24,999
-2.5%
Current Estimated Value
$1,152,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,831
Avg. Annual Appreciation
4.65%
Original Mortgage
$731,250
Outstanding Balance
$668,277
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$496,702

Purchase Details

Listed on
Aug 27, 2016
Closed on
Oct 14, 2016
Sold by
Atlas Nc I Spe Llc
Bought by
Prescott John and Meyers Eddie
Seller's Agent
Michele Karl
Priority Real Estate
Buyer's Agent
AMY RIDENOUR
RECIPROCAL OFFICE
List Price
$275,000
Sold Price
$285,000
Premium/Discount to List
$10,000
3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.76%

Purchase Details

Closed on
Jun 7, 2016
Sold by
Hill Wayne R
Bought by
Atlas Nc I Spe Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ting Adam $975,000 Foothills Title Services Inc
Prescott John $285,000 --
Atlas Nc I Spe Llc $256,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ting Adam $731,250
Previous Owner Butofsky Jeffrey $416,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2022 01/20/22 Off Market $975,000 -- --
10/22/2021 10/22/21 Sold $975,000 -2.5% $301 / Sq Ft
09/17/2021 09/17/21 Pending -- -- --
08/25/2021 08/25/21 For Sale $999,999 0.0% $309 / Sq Ft
07/25/2021 07/25/21 Pending -- -- --
07/19/2021 07/19/21 Price Changed $999,999 -4.8% $309 / Sq Ft
06/30/2021 06/30/21 Price Changed $1,050,000 -4.5% $324 / Sq Ft
06/17/2021 06/17/21 For Sale $1,100,000 +286.0% $340 / Sq Ft
01/12/2020 01/12/20 Off Market $285,000 -- --
10/10/2019 10/10/19 Off Market $525,000 -- --
07/12/2018 07/12/18 Sold $525,000 -4.5% $162 / Sq Ft
05/02/2018 05/02/18 For Sale $549,950 +93.0% $170 / Sq Ft
07/07/2017 07/07/17 Pending -- -- --
10/14/2016 10/14/16 Sold $285,000 +3.6% $89 / Sq Ft
09/08/2016 09/08/16 Pending -- -- --
08/27/2016 08/27/16 For Sale $275,000 -- $86 / Sq Ft
Source: Great Smoky Mountains Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $3,378 $228,240 $14,000 $214,240
2024 $3,378 $228,240 $14,000 $214,240
2023 $3,378 $228,240 $0 $0
2022 $2,111 $142,650 $8,750 $133,900
2021 $2,111 $142,650 $8,750 $133,900
2020 $1,447 $142,650 $8,750 $133,900
2019 $1,447 $77,800 $8,750 $69,050
2018 $1,447 $77,800 $8,750 $69,050
2017 $1,447 $77,800 $8,750 $69,050
2016 $1,447 $77,800 $8,750 $69,050
2015 -- $68,375 $0 $0
2014 $1,114 $68,366 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Danielle Henderson

    Tennessee Mountain Real Estate, LLC

    Section Image

  • N

    Buyer's Agent in 2021

    NON MEMBER

    NON MEMBER FIRM

  • Ralph Harvey

    Seller's Agent in 2018

    Ralph Harvey

    Listwithfreedom.com

    (855) 456-4945

    54 in this area

    10,919 Total Sales

    Ralph Harvey
    Section Image
  • Michele Karl

    Seller's Agent in 2016

    Michele Karl

    Priority Real Estate

    (865) 257-6996

    36 in this area

    109 Total Sales

    Michele Karl
    Section Image

  • A

    Buyer's Agent in 2016

    AMY RIDENOUR

    RECIPROCAL OFFICE

See All Agents

Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 243237

Great Smoky Mountains Association of REALTORS®

APN: 072K-D-001.00-006

Tennessee Sevier County Sevierville 37862

1520 Rainbow Ridge Way, Sevierville, TN

This home is located at 1520 Rainbow Ridge Way, Sevierville, TN 37862 since 17 June 2021 and is currently estimated at $1,152,831, approximately $356 per square foot. This property was built in 2006. 1520 Rainbow Ridge Way is a home located in Sevier County with nearby schools including Catons Chapel Elementary School, Northview Elementary School, and Jones Cove Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Great Smoky Mountains Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information is deemed reliable but not guaranteed. Copyright 2025 Great Smoky Mountains Association of REALTORS®. All rights reserved.

Nearby Homes