NOT LISTED FOR SALE

1547 Rainbow Ridge Way Sevierville, TN 37862

Estimated Value: $798,000 - $1,124,000

5 Beds
5 Baths
2,548 Sq Ft
$362/Sq Ft Est. Value

Last Sold December 29, 2023

Last sale price $975,000 $383 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $5,302/month

103 Days on Market

Highlights

  • View of Trees or Woods
  • Deck
  • Wood Flooring
  • Gatlinburg Pittman High School Rated A-
  • Cathedral Ceiling
  • Main Floor Primary Bedroom

About This Home

As of December 2023

Introducing Misty Mountain Retreat. This stunning 5-bedroom, 5-bath log cabin is just a short distance away from the Tanger Outlets, Dollywood, and downtown Pigeon Forge. Enjoy easy access to theaters, restaurants, entertainment, shopping and so much more! This lovely cabin is situated in a captivating subdivision that boasts a walking trail leading to a water wheel entry fountain, providing a peaceful and serene atmosphere. Inside, you'll find plenty of room for everyone, two stone fireplaces, wood floors, large windows that showcase the breathtaking views of the surrounding area, and a large game/rec room. But that's not all! Each of the 5 spacious bedrooms has its own en-suite bathroom, ensuring that everyone has plenty of privacy and space. This cabin is GREAT for use as an overnight rental or as your new vacation home. Don't miss out on the opportunity to make memories that will last a lifetime - book a showing today!

Last Agent to Sell the Property

Wyatt Morton

Keller Williams Smoky Mountain License #358420 Listed on: 09/08/2023

Co-Listed By

Abby Morton

Real Broker License #364703

Last Buyer's Agent

Tiffany Mills

Jet Real Estate License #331503

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,618

Year Built

  • Built in 2005

Lot Details

  • 436 Sq Ft Lot
  • Zero Lot Line

HOA Fees

  • $100 Monthly HOA Fees

Property Views

  • Woods
  • Mountain
  • Forest

Home Design

  • Cabin
  • Frame Construction
  • Wood Siding
  • Log Siding

Interior Spaces

  • 2,548 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Electric Fireplace
  • Vinyl Clad Windows
  • Wood Flooring
  • Finished Basement
  • Recreation or Family Area in Basement
  • Fire and Smoke Detector

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 5 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Parking Available
  • Off-Street Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • Rainbow Ridge Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 072K D 001.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,618

Year Built

Built in 2005

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Directions: From Walmart, Turn onto Colliers Dr and go 0.8 mile and turn right onto Rainbow Rd. Go 1.4 miles and turn left then make an immediate right on to Rainbow Ridge Rd, follow road around the left and up the hill and cabin is on the left.
  • Property Sub Type: Single Family Residence
  • Prop. Type: Single Family
  • Year Built: 2005
  • Lot Size Acres: 0.01
  • Co List Office Mls Id: 2952
  • Co List Office Phone: 865-999-8601
  • Subdivision Name: Rainbow Ridge
  • Architectural Style: Cabin
  • Property Attached Yn: No
  • View:Mountain View: Yes
  • View:Wooded2: Yes
  • General Property Description:Fireplace: Yes
  • General Property Description:SqFt - Main Lvl: 988.0
  • General Property Description:SqFt - Down Lvl: 988.0
  • General Property Description:SqFt - 2nd Flr Lvl: 572.0
  • General Property Description:_pound_ Fireplace: 2.0
  • General Property Description:HOA: Mandatory
  • General Property Description:Basement: Yes
  • General Property Description:Bonus Room: No
  • General Property Description:Extra Storage: No
  • AtchdDtchd Type:Detached: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Cooling: Yes
  • Floors:Hardwood: Yes
  • Fuel:Electric: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Misc Features:WasherDryer Connect: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Percent Basement Finished: Yes
  • Heat:Heat Pump3: Yes
  • Misc Features:Cathedral Ceiling: Yes
  • Siding:Wood2: Yes
  • Lot Description:Zero Lot Line: Yes
  • Location Tax Legal Info:Property Sub-Type: Residential
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Basement YN: Yes
  • Has Basement: Finished
  • Fireplace: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Fireplace Features: Electric
  • Fireplaces: 2
  • Flooring: Hardwood
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Smoke Detector: Yes
  • Other Rooms:Mstr Bdrm Main Level: Yes
  • Other Rooms:Basement Rec Room: Yes
  • Misc Features:Island in Kitchen: Yes
  • Fireplace:Electric4: Yes

Exterior Features

  • Exterior Features: Windows - Vinyl
  • View: Mountain View, Wooded
  • Lot Features: Zero Lot Line
  • Construction Type: Wood Siding, Frame, Log
  • Construction:Frame: Yes
  • Exterior Features:Deck: Yes
  • Exterior Features:Porch - Covered: Yes
  • Exterior Features:Windows - Vinyl: Yes
  • Construction:Log: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off-Street Parking, Main Level
  • GarageParking:Off-Street Parking: Yes
  • GarageParking:Main Level: Yes

Utilities

  • Cooling: Central Cooling, Ceiling Fan(s)
  • Security: Smoke Detector
  • Cooling Y N: Yes
  • Heating: Heat Pump, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Other
  • Association Fee: 100.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Community Amenities:Other - See Remarks16: Yes
  • Association Fee Incl:Other20: Yes

Fee Information

  • Association Fee Includes: Other

Lot Info

  • Lot Size Sq Ft: 435.6
  • Parcel #: 072K D 001.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1617.64

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2015
Closed on
Nov 23, 2015
Sold by
Federal National Mortgage Association
Bought by
Smith Richard E and Smith Kathryn L
Seller's Agent
Jeff Schoenfield
All Pro REALTORS, Inc.
Buyer's Agent
ANNIE MALONEY
Prime Mountain Properties
List Price
$269,000
Sold Price
$223,000
Premium/Discount to List
-$46,000
-17.1%
Current Estimated Value
$922,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$699,244
Avg. Annual Appreciation
15.59%
Original Mortgage
$200,000
Outstanding Balance
$85,029
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$837,215

Purchase Details

Closed on
Aug 14, 2015
Sold by
Painter Regina D
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 6, 2005
Sold by
Wayne Hill
Bought by
Painter Regina D
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Smith Richard E $223,000 --
Federal National Mortgage Association $250,000 --
Painter Regina D $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Richard E $200,000
Previous Owner Painter Regina D $360,000
Previous Owner Painter Regina D $66,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2023 12/29/23 Sold $975,000 -0.5% $383 / Sq Ft
12/21/2023 12/21/23 Pending -- -- --
10/06/2023 10/06/23 Price Changed $980,000 -6.7% $385 / Sq Ft
09/08/2023 09/08/23 For Sale $1,050,000 +370.9% $412 / Sq Ft
02/21/2021 02/21/21 Off Market $223,000 -- --
11/23/2015 11/23/15 Sold $223,000 -17.1% $88 / Sq Ft
11/02/2015 11/02/15 Pending -- -- --
08/28/2015 08/28/15 For Sale $269,000 -- $106 / Sq Ft
Source: East Tennessee REALTORS® MLS

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 $2,588 $174,880 $21,000 $153,880
2024 $2,588 $174,880 $21,000 $153,880
2023 $2,588 $174,880 $0 $0
2022 $1,618 $109,300 $13,125 $96,175
2021 $1,618 $109,300 $13,125 $96,175
2020 $1,239 $109,300 $13,125 $96,175
2019 $1,239 $66,625 $13,125 $53,500
2018 $1,239 $66,625 $13,125 $53,500
2017 $1,239 $66,625 $13,125 $53,500
2016 $1,239 $66,625 $13,125 $53,500
2015 -- $61,225 $0 $0
2014 $998 $61,227 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1239150

East Tennessee REALTORS® MLS

APN: 072K-D-001.00-021