NOT LISTED FOR SALE

1552 Rainbow Ridge Way Sevierville, TN 37862

Estimated Value: $1,365,291 - $1,841,000

7 Beds
6.5 Baths
4,908 Sq Ft
$334/Sq Ft Est. Value

Last Sold August 24, 2018

Last sale price $789,000 $161 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $9,358/month

18 Days on Market

Highlights

  • Pool and Spa
  • Deck
  • Furnished
  • Gatlinburg Pittman High School Rated A-
  • Cathedral Ceiling
  • No HOA

About This Home

As of August 2018

Great investment opportunity with rental income of over $120,000 for 2017! 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 6 bedrooms and 6.5 baths. Walls of glass to take in mountain views, wood flooring throughout, river stack stone fireplaces, tongue and groove walls, custom log furniture, and four master suits with fireplace on the main floor. Fully outfitted game room with arcade games, pool table, and air hockey! Home theatre room that seats 10 comfortably! Step outside to either of your wrap around decks with your own gazebo, hot tub and gas fire pit!

Last Agent to Sell the Property

Deborah Korlin

Century 21 MVP License #293982 Listed on: 06/14/2018

Century 21 MVP

Last Buyer's Agent

Beau Stegall

Century 21 MVP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,739

Year Built

  • Built in 2006

Lot Details

  • 1

Home Design

  • Cabin

Interior Spaces

  • 3-Story Property
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Formal Dining Room

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Private Parking
  • Driveway

Outdoor Features

  • Pool and Spa
  • Deck

Additional Features

  • Property is zoned R-2
  • Heat Pump System

Community Details

  • No Home Owners Association
  • Rainbow Ridge Subdivision

Listing and Financial Details

  • Tax Lot 18

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,739

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 2006
  • Zoning: R-2
  • Reso Property Sub Type: Single Family Residence
  • NumberUnfurnished: Furnished
  • ResoLaundryFeatures: Electric Dryer Hookup, Washer Hookup
  • ResoPoolFeatures: Hot Tub
  • Road Surface Type: Paved
  • Co List Office Mls Id: 12
  • Subdivision Name: Rainbow Ridge
  • Above Grade Finished Sq Ft: 3182.0
  • Architectural Style: Cabin
  • Fireplace: Yes
  • Garage Yn: No
  • Unit Levels: Three Or More
  • Location Tax and Legal Tax Lot2: 18
  • Location Tax and Legal:Tax Annual Amount: 1739.1
  • Location Tax and Legal Tax Year2: 2017
  • General Property Information Above Grade Finished Area: 3182.0
  • General Property Information Below Grade Finished Area: 1726.0
  • General Property Information:Bathrooms Half: 1
  • 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
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Architectural Style Cabin2: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Interior Features Formal Dining: Yes
  • Levels Three Or More: Yes
  • Pool Features Hot Tub: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Formal Dining
  • Street Number Modifier: 1552
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Below Grade Sq Ft: 1726.0
  • Fireplace Features: Gas Log
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:Ceiling Fans: Yes
  • Fireplace Features:Gas Log: Yes

Exterior Features

  • Home Warranty: No
  • Patio And Porch Features: Deck
  • Patio And Porch Features:Deck2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Private
  • General Property Information:Garage YN: No
  • Parking Features:Driveway: Yes
  • Parking Features:Private3: Yes

Utilities

  • Heating: Electric, Heat Pump
  • Sewer: Public Sewer
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Association Fee: 100.0
  • Association: No

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 1739.1
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2018
Closed on
Aug 27, 2018
Sold by
Hallmark Christopher A and Hallmark Holly W
Bought by
Anderson Justin
Seller's Agent
Deborah Korlin
Century 21 MVP
Buyer's Agent
Beau Stegall
Century 21 MVP
List Price
$789,000
Sold Price
$789,000
Current Estimated Value
$1,639,764

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$850,764
Avg. Annual Appreciation
11.00%
Original Mortgage
$631,200
Outstanding Balance
$549,429
Interest Rate
4.51%
Estimated Equity
$1,090,335

Purchase Details

Closed on
May 22, 2017
Bought by
Hallmark Christopher A and Hallmark Holly W

Purchase Details

Closed on
Mar 31, 2014
Sold by
Hallmark Christopher A Tru
Bought by
Hallmark Holly W and Hallmark Holly W Living Trust

Purchase Details

Listed on
Feb 16, 2011
Closed on
Mar 8, 2013
Sold by
Hallmark Christopher A
Bought by
Hallmark Christopher A and Hallmark Christopher A Living
Seller's Agent
Miranda Paulk
Century 21 Four Seasons Realty Parkway
List Price
$569,000
Sold Price
$369,000
Premium/Discount to List
-$200,000
-35.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.69%

Purchase Details

Listed on
Feb 16, 2011
Closed on
Mar 7, 2013
Sold by
Rainbow Ridge Owners Assoc
Bought by
Hallmark Christopher A and Hallmark Holly W
Seller's Agent
Miranda Paulk
Century 21 Four Seasons Realty Parkway
List Price
$569,000
Sold Price
$369,000
Premium/Discount to List
-$200,000
-35.15%
Source: Public Records

Range of Values:

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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
Anderson Justin $2,919 --
Hallmark Christopher A -- --
Hallmark Holly W -- --
Hallmark Christopher A -- --
Hallmark Christopher A $369,000 --
Hallmark Christopher A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Justin $631,200
Closed Anderson Justin --
Previous Owner Hallmark Christopher A $276,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2019 11/22/19 Off Market $789,000 -- --
08/24/2018 08/24/18 Sold $789,000 0.0% $161 / Sq Ft
07/02/2018 07/02/18 Pending -- -- --
06/14/2018 06/14/18 For Sale $789,000 +113.8% $161 / Sq Ft
06/06/2016 06/06/16 Off Market $369,000 -- --
03/08/2013 03/08/13 Sold $369,000 -35.1% $72 / Sq Ft
03/04/2013 03/04/13 Pending -- -- --
02/16/2011 02/16/11 For Sale $569,000 -- $111 / 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 $5,288 $357,320 $21,000 $336,320
2024 $5,288 $357,320 $21,000 $336,320
2023 $5,288 $357,320 $0 $0
2022 $3,305 $223,325 $13,125 $210,200
2021 $3,305 $223,325 $13,125 $210,200
2020 $2,413 $223,325 $13,125 $210,200
2019 $2,413 $129,725 $13,125 $116,600
2018 $1,739 $129,725 $13,125 $116,600
2017 $1,739 $93,500 $13,125 $80,375
2016 $1,739 $93,500 $13,125 $80,375
2015 -- $88,950 $0 $0
2014 $1,450 $88,962 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Deborah Korlin

    Seller's Agent in 2018

    Deborah Korlin

    Century 21 MVP

    (865) 806-0995

    258 in this area

    397 Total Sales

    Deborah Korlin
    Section Image

  • B

    Buyer's Agent in 2018

    Beau Stegall

    Century 21 MVP

  • M

    Seller's Agent in 2013

    Miranda Paulk

    Century 21 Four Seasons Realty Parkway

See All Agents

Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 216865

Great Smoky Mountains Association of REALTORS®

APN: 072K-D-001.00-018

Tennessee Sevier County Sevierville 37862

1552 Rainbow Ridge Way, Sevierville, TN

This home is located at 1552 Rainbow Ridge Way, Sevierville, TN 37862 since 14 June 2018 and is currently estimated at $1,639,764, approximately $334 per square foot. This property was built in 2006. 1552 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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