NOT LISTED FOR SALE

1551 Rainbow Ridge Way Sevierville, TN 37862

Estimated Value: $869,000 - $924,000

4 Beds
4 Baths
2,648 Sq Ft
$337/Sq Ft Est. Value

Last Sold December 22, 2020

Last sale price $795,000 $300 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,333/month

9 Days on Market

Highlights

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

About This Home

As of December 2020

Great investment opportunity. Prime location to attractions and shopping with just a short 10 minute drive to Sevierville and Pigeon Forge! Spacious open floor plan in this custom built log lodge with 4 bedrooms and 4 baths. This log home was completely renovated inside and out in 2017. A wall of glass in main room, durable vinyl wood flooring throughout, a two-way stone fireplace, tongue and groove walls, game room with arcade game and best of all a private indoor pool. Enjoy the outdoor space on any of the four covered deck or in the 7 person hot tub. The kitchen cabinets were built on site from re-purposed antique barn wood.

Last Agent to Sell the Property

David Everett

Century 21 MVP License #326519 Listed on: 11/16/2020

Century 21 MVP

Last Buyer's Agent

Deborah Korlin

Century 21 MVP License #293982

Century 21 MVP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,179

Year Built

  • Built in 2007

Lot Details

  • Property fronts a county road
  • Property is zoned R-2

HOA Fees

  • $100 Monthly HOA Fees

Home Design

  • Log Cabin
  • Metal Roof
  • Log Siding

Interior Spaces

  • 1.5-Story Property
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Window Treatments
  • Great Room
  • Living Room
  • Wood Flooring
  • Mountain Views
  • Fire and Smoke Detector
  • Dryer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Bedrooms and Bathrooms

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

Finished Basement

  • Walk-Out Basement
  • Crawl Space

Outdoor Features

  • Pool and Spa
  • Deck
  • Rain Gutters

Utilities

  • Cooling Available
  • Heat Pump System
  • Septic Tank
  • High Speed Internet

Community Details

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

Listing and Financial Details

  • Tax Lot 23

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,179

Year Built

Built in 2007

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2007
  • Zoning: R-2
  • Reso Property Sub Type: Single Family Residence
  • NumberUnfurnished: Furnished
  • ResoLaundryFeatures: Electric Dryer Hookup, Washer Hookup
  • ResoPoolFeatures: Hot Tub
  • Road Frontage Type: County Road
  • Reso View: Mountain(s)
  • ResoSecurityFeatures: Smoke Detector(s)
  • Reso Association Fee Includes: Insurance, Maintenance Grounds, Roads
  • Co List Office Mls Id: 12
  • Subdivision Name: Rainbow Ridge
  • Above Grade Finished Sq Ft: 1660.0
  • Architectural Style: Log
  • Fireplace: Yes
  • Reso Flooring: Wood
  • Garage Yn: No
  • Unit Levels: One and One Half
  • ResoWindowFeatures: Window Treatments
  • Location Tax and Legal Tax Lot2: 23
  • Location Tax and Legal:Tax Annual Amount: 1178.7
  • Location Tax and Legal Tax Year2: 2017
  • General Property Information Above Grade Finished Area: 1660.0
  • General Property Information Below Grade Finished Area: 988.0
  • General Property Information Bonus Room YN2: No
  • 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
  • General Property Information View YN2: Yes
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Architectural Style Log2: Yes
  • Flooring Wood: Yes
  • Interior Features Great Room2: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Levels:One and One Half: Yes
  • Security Features:Smoke Detector(s): Yes
  • Land Features View Mountains: Yes
  • Water Source:Public: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Living Room: Yes
  • Room Types Living Room Level: 1
  • Room Types Primary Bedroom Level: 1
  • Road Frontage Type County Road: Yes
  • Room Types Bedroom 3 Level: 2
  • Pool Features Hot Tub: Yes
  • Room Types Bedroom 4 Level: B
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space, Finished, Walk-Out Access
  • Appliances: Dishwasher, Dryer, Electric Range, Microwave
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Great Room, High Speed Internet, Solid Surface Counters
  • Street Number Modifier: 1551
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 988.0
  • Fireplace Features: Gas Log
  • Total Bedrooms: 12
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Basement:Crawl Space: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:Ceiling Fans: Yes
  • Interior Features:High Speed Internet: Yes
  • Basement Finished: Yes
  • Basement:Walk-Out Access: Yes
  • Fireplace Features:Gas Log: Yes
  • Interior Features:Solid Surface Counters: Yes

Exterior Features

  • Exterior Features: Rain Gutters
  • Roof: Metal
  • View: Yes
  • Home Warranty: No
  • Construction Type: Log
  • Patio And Porch Features: Deck
  • Construction Materials:Log: Yes
  • Exterior Features:Rain Gutters: Yes
  • Patio And Porch Features:Deck2: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Window Features:Window Treatments: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Cooling: Electric, Heat Pump
  • Heating: Electric, Heat Pump
  • Sewer: Septic Tank
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • HeatingCooling:Electric: Yes
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Association Fee: 100.0
  • Association Fee Frequency: Monthly
  • Association Name: Rainbow Ridge HOA
  • Association: No

Association/Amenities

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

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 1178.7
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2020
Closed on
Dec 28, 2020
Sold by
Hardwick Brian and Hardwick Lauren E
Bought by
Misty Bluff Rental Llc
Seller's Agent
David Everett
Century 21 MVP
Buyer's Agent
Deborah Korlin
Century 21 MVP
List Price
$795,000
Sold Price
$795,000
Current Estimated Value
$893,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,665
Avg. Annual Appreciation
2.53%
Original Mortgage
$658,750
Outstanding Balance
$569,625
Interest Rate
2.7%
Mortgage Type
Unknown
Estimated Equity
$324,040

Purchase Details

Listed on
Aug 27, 2016
Closed on
Oct 12, 2016
Sold by
Atlas Nc I Spe Llc
Bought by
Lawless David R and Lawless Robin W
Seller's Agent
Michele Karl
Priority Real Estate
Buyer's Agent
David Everett
Century 21 MVP
List Price
$195,000
Sold Price
$231,000
Premium/Discount to List
$36,000
18.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.31%

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:

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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
Misty Bluff Rental Llc -- None Available
Lawless David R $231,000 --
Atlas Nc I Spe Llc $175,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Misty Bluff Rental Llc $658,750
Previous Owner Lawless David R $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2021 03/22/21 Off Market $795,000 -- --
02/23/2021 02/23/21 Off Market $795,000 -- --
12/22/2020 12/22/20 Sold $795,000 0.0% $300 / Sq Ft
11/16/2020 11/16/20 For Sale $795,000 +244.2% $300 / Sq Ft
01/11/2020 01/11/20 Off Market $231,000 -- --
10/13/2016 10/13/16 Sold $231,000 +18.5% $113 / Sq Ft
09/08/2016 09/08/16 Pending -- -- --
08/27/2016 08/27/16 For Sale $195,000 -- $96 / 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 $4,478 $302,560 $72,000 $230,560
2024 $4,478 $302,560 $72,000 $230,560
2023 $4,478 $302,560 $0 $0
2022 $2,799 $189,100 $45,000 $144,100
2021 $2,799 $189,100 $45,000 $144,100
2020 $1,179 $189,100 $45,000 $144,100
2019 $1,179 $63,375 $9,625 $53,750
2018 $1,179 $63,375 $9,625 $53,750
2017 $1,179 $63,375 $9,625 $53,750
2016 $1,179 $63,375 $9,625 $53,750
2015 -- $55,200 $0 $0
2014 $900 $55,188 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David Everett

    Seller's Agent in 2020

    David Everett

    Century 21 MVP

    (865) 250-9438

    68 in this area

    114 Total Sales

    David Everett
    Section Image
  • Deborah Korlin

    Buyer's Agent in 2020

    Deborah Korlin

    Century 21 MVP

    (865) 806-0995

    259 in this area

    398 Total Sales

    Deborah Korlin
    Section Image
  • Michele Karl

    Seller's Agent in 2016

    Michele Karl

    Priority Real Estate

    (865) 257-6996

    37 in this area

    110 Total Sales

    Michele Karl
    Section Image
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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 231131

Great Smoky Mountains Association of REALTORS®

APN: 072K-D-001.00-023

Tennessee Sevier County Sevierville 37862

1551 Rainbow Ridge Way, Sevierville, TN

This home is located at 1551 Rainbow Ridge Way, Sevierville, TN 37862 since 16 November 2020 and is currently estimated at $893,665, approximately $337 per square foot. This property was built in 2007. 1551 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.

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