$525,000
SOLD JUL 28, 2025

1554 Old Parrottsville Hwy Parrottsville, TN 37843

6 Beds
4 Baths
4,858 Sq Ft
1.1 Acres

Recently Sold

$108 Per Sq Ft

12% Below List Price

46 Days on Market

Highlights

  • Accessory Dwelling Unit (ADU)
  • Ranch Style House
  • Solid Surface Countertops
  • Deck
  • Wood Flooring
  • No HOA

About This Home

As of July 2025

Dual-Home Property in Beautiful Parrottsville - Income-Producing Airbnb + a main home! Whether you are looking for a multi-family, multi generational compound or looking to have your mortgage supplemented with the income from the back home, this property is perfect for you.

Discover this unique dual-home property nestled in the breathtaking mountainous area of Parrottsville, TN! Perfect for those seeking a peaceful retreat with an income-generating opportunity, this property includes: Main Home: A spacious 1800+ sq ft 3-bedroom home with a bonus room and a shop in the 1200+ sq ft basement, ideal for storage or projects. The updated kitchen, bathroom and more -- adds modern charm, making it a perfect full-time residence or vacation escape.

Second Home (Airbnb): 1600+ sq ft. A proven income producer for 6+ years, this charming rental has over 100+ glowing reviews, making it a turn-key investment with three bedrooms, two living areas, a perfect coffee drinking front porch to see amazing sunsets.

Location Perks: Low county taxes Surrounded by mountains, waterfalls, and hiking trails. Just 45 minutes to Pigeon Forge for shopping, dining, and entertainment.

A peaceful setting perfect for relaxation and nature lovers. Whether you're looking for multi-generational living, an investment property, or a personal mountain retreat, this property has it all! Don't miss this rare opportunity—schedule your showing today!

Last Agent to Sell the Property

Tuesdee Davis

CRYE-LEIKE LAKEWAY REAL ESTATE License #347746 Listed on: 04/17/2025

CRYE-LEIKE LAKEWAY REAL ESTATE

Last Buyer's Agent

Hannah Green

United Real Estate Solutions License #354968

United Real Estate Solutions

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $916

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 1.1 Acre Lot
  • Cleared Lot

Parking

  • 2 Carport Spaces

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Concrete Foundation
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • Metal Fireplace
  • Wood Flooring
  • Finished Basement
  • Block Basement Construction

Kitchen

  • Microwave
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer and Electric Dryer Hookup

Accessible Home Design

  • Accessible Approach with Ramp

Outdoor Features

  • Deck
  • Front Porch

Additional Homes

  • Residence on Property
  • Accessory Dwelling Unit (ADU)
  • 1,620 SF Accessory Dwelling Unit

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 040 046.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$916

Year Built

Built in 1964 | Remodeled

Lot Details

0

Listing Details

  • Carport Y N: Yes
  • Year Built: 1964
  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 1.1
  • Lot Size: 1
  • Road Frontage Type: City Street
  • Road Surface Type: Gravel
  • Directions: Once you turn left on Old Parrottsville Hwy, see sign on left,
  • Above Grade Finished Sq Ft: 3643.0
  • Architectural Style: Ranch
  • New Construction: No
  • Structure Type: House
  • Location Tax and Legal:Tax Annual Amount: 916.48
  • Location Tax and Legal:Tax Year2: 2024
  • Location Tax and Legal:Parcel Number2: 040 046.00
  • General Property Information:Lot Size Dimensions: 1
  • General Property Information:Waterfront YN: No
  • Water Source:Public: Yes
  • General Property Information:Living Area2: 4858.0
  • General Property Information:Above Grade Finished Area: 3643.0
  • General Property Information:Below Grade Finished Area: 1215.0
  • General Property Information:New Construction YN: No
  • General Property Information:Fireplace YN: Yes
  • Additional Dwelling:Additional Dwelling YN: Yes
  • Appliances Refrigerators: Yes
  • Architectural Style:Ranch: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Laundry Features:Washer Hookup: Yes
  • Levels:One: Yes
  • Roof:Shingle: Yes
  • General Property Information:Basement YN: Yes
  • Flooring:Hardwood: Yes
  • Cooling:Central Air: Yes
  • Appliances Microwave: Yes
  • Laundry Features:Main Level: Yes
  • Percent Basement Finished: Yes
  • Additional Dwelling:Additional Dwelling SqFt: 1620.0
  • Other Structures:Guest House: Yes
  • Property Condition:UpdatedRemodeled: Yes
  • Other Structures:Residence: Yes
  • Roof:Metal: Yes
  • General Property Information Acres: 1.1
  • Special Features: VirtualTour

Interior Features

  • Flooring: Hardwood
  • Appliances: Dishwasher, Electric Oven, Microwave, Refrigerator
  • Basement: Block, Concrete, Finished, None
  • Levels: One
  • Interior Amenities: Kitchen Island, Pantry, Soaking Tub, Solid Surface Counters
  • Accessibility Features: Accessible Approach with Ramp
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 1215.0
  • Fireplace Features: Metal
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 4858.0
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Appliances Dishwasher: Yes
  • Appliances:Electric Oven: Yes
  • Basement:Block: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Interior Features:Pantry: Yes
  • Interior Features:Solid Surface Counters: Yes
  • Basement:Concrete: Yes
  • Basement:None3: Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Soaking Tub: Yes

Exterior Features

  • Roof: Asphalt, Shingle
  • Lot Features: Cleared
  • Waterfront: No
  • Construction Type: Brick
  • Other Structures: Guest House, Residence
  • Patio And Porch Features: Deck, Front Porch
  • Property Condition: Updated/Remodeled
  • Construction Materials:Brick: Yes
  • Patio And Porch Features:Deck2: Yes
  • Lot Features:Cleared: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Accessibility Features:Accessible Approach with Ramp: Yes

Garage/Parking

  • Garage Yn: No
  • Carport Spaces: 2.0
  • General Property Information:Garage YN: No
  • General Property Information:Carport YN: Yes
  • General Property Information:Carport Spaces2: 2.0

Utilities

  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Septic Tank
  • Laundry Features: Electric Dryer Hookup, Main Level, Washer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public
  • Sewer Septic Tank: Yes
  • Heating:Central: Yes
  • Heating:Electric4: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Size Sq Ft: 47916.0
  • Parcel #: 040 046.00

Tax Info

  • Tax Annual Amount: 916.48
  • Tax Map Number: 040 046.00
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2025
Closed on
Jul 25, 2025
Sold by
Moffatt Jean and Delisle Keith E
Bought by
Morrarty Brian David
Seller's Agent
Tuesdee Davis
CRYE-LEIKE LAKEWAY REAL ESTATE
Buyer's Agent
Hannah Green
United Real Estate Solutions
List Price
$600,000
Sold Price
$525,000
Premium/Discount to List
-$75,000
-12.5%
Views
32

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-48.97%

Purchase Details

Closed on
Mar 17, 2006
Sold by
Bryant Sharon L
Bought by
Delisle Keith E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,800
Interest Rate
6.25%
Mortgage Type
Cash

Purchase Details

Closed on
Apr 25, 1992
Bought by
Ragan Sharon L
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 Type Sale Price Title Company
Warranty Deed $525,000 Blue Ridge Title
Deed $110,000 --
Warranty Deed $47,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $83,000 Commercial
Previous Owner $117,800 Cash
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2025 07/28/25 Sold $525,000 -4.5% $108 / Sq Ft
06/02/2025 06/02/25 Pending -- -- --
05/08/2025 05/08/25 Price Changed $550,000 -8.3% $113 / Sq Ft
04/17/2025 04/17/25 For Sale $600,000 -- $124 / Sq Ft
Source: Lakeway Area 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
2024 $916 $35,800 $2,900 $32,900
2023 $0 $35,800 $2,900 $32,900
2022 $918 $35,800 $2,900 $32,900
2021 $918 $35,800 $2,900 $32,900
2020 $885 $35,800 $2,900 $32,900
2019 $885 $31,275 $3,225 $28,050
2018 $885 $31,275 $3,225 $28,050
2017 $907 $31,275 $3,225 $28,050
2016 $809 $31,275 $3,225 $28,050
2015 $847 $31,275 $3,225 $28,050
2014 $847 $31,275 $3,225 $28,050
2013 $847 $35,300 $3,925 $31,375
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lakeway Area Association of REALTORS®

MLS Number: 707230

Lakeway Area Association of REALTORS®

APN: 040-046.00