NOT LISTED FOR SALE

1940 Backhome Ln Unit 1 Sevierville, TN 37876

Estimated Value: $1,437,972

12 Beds
12.5 Baths
5,620 Sq Ft
$256/Sq Ft Est. Value

Last Sold November 18, 2021

Last sale price $2,000,000 $356 Per Sq Ft

Est. 28% decrease in value since last sale

Current estimated payment $8,047/month

Highlights

  • Guest House
  • In Ground Pool
  • 4.5 Acre Lot
  • Gatlinburg Pittman High School Rated A-
  • RV Access or Parking
  • Mountain View

About This Home

As of November 2021

If you're looking for a high income producing investment, this turn-key property is for you! This incredible property is primed and ready for rental, sold fully furnished and comprised of one large lodge and two smaller adjacent guesthouses totaling 12 bedrooms and 13.5 bathrooms. Amid majestic mature trees and back-dropped by the great smoky mountains, the property offers ample parking space with waterfall features and woodwork sculptures dotting the grounds, along with two pools and gazebo that invite a perfect vacation ambiance. The main cabin opens upon a voluminous vaulted open concept layout with 8 bedrooms, 9.5 bathrooms, and custom doors with both upper and lower decks. The living room yields plentiful seating, nestled around the comfort and beauty of a stacked stone fireplace and flat screen television. The massive kitchen is well equipped to keep up with all of your culinary quests complete with two ovens, two microwaves, a wet bar with beverage chiller and oversized granite island with generous meal prep capacity. Centering these two spaces is the dining area, complete with four dining tables offering seating for six individuals each, plus bistro table for four. This vast and luxurious open concept space flows easily out to the covered deck, furnished with generous lounge and dining spaces, plus a huge hot tub with electronic controls, bluetooth, and more. For added entertainment, the lower level offers a home theater with seating for sixteen, plus full bath and fridge for easycare movie viewing. A dedicated laundry room is also on this level with full size washer/dryer unit. This floor walks out to a covered patio with plenty of seating for alfresco recreation and conversation. Between both floors, a total of eight bedrooms offer luxurious rest and relaxation, each with their own full ensuite bathroom. For ADA compliancy, there are two handicap accessible bathrooms, one on each level.

Separate from the main house are two detached houses. The guest house offers a first floor with 1 bedroom and 1 bath, plus living room with two bunk beds and additional bed. The second floor enjoys its own dedicated entrance and is complete with two bedrooms with private ensuite bathrooms and living room with open plan kitchenette. The second bunkhouse offers a 1 bed, 1 bath floor plan and separate laundry facility on the second floor for housekeeping. The grounds are replete with three storage sheds, gazebo, and fenced-in pool area with large patio, separate kiddie pool with waterfall feature, and covered deck.

Location is everything in real estate and it doesn't get much better than this Sevierville vacation cabin convenient to the Smokies' most desirable and sought-after entertainments and amenities. This one-of-a-kind investment opportunity has a combined income of $681,000(as of 8-28-21) from 2020 plus current bookings and reservations paid for 2021/2022. This property features great referral clients and in strong demand. Call today to add this amazing property to your investor's portfolio!! Square footage is estimated. Buyer to verify all square footage.

Last Agent to Sell the Property

Ryan Coleman

Hometown Realty, LLC License #322312 Listed on: 06/25/2021

Last Buyer's Agent

Non Member Non Member

Non-Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,719

Year Built

  • Built in 2018

Lot Details

  • 4.5

Home Design

  • Cabin
  • Log Siding
  • Rough-In Plumbing

Interior Spaces

  • 5,620 Sq Ft Home
  • Stone Fireplace
  • Mountain Views
  • Finished Basement
  • Walk-Out Basement
  • Fire and Smoke Detector

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Off-Street Parking
  • RV Access or Parking

Outdoor Features

  • In Ground Pool
  • Balcony
  • Deck
  • Covered Patio or Porch

Additional Features

  • 4.5 Acre Lot
  • Guest House
  • Central Heating and Cooling System

Community Details

  • Back Home Hideaway Resub Subdivision

Listing and Financial Details

  • Property Available on 7/7/21
  • Assessor Parcel Number 084M D 001.00 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,719

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Directions: Turn at traffic light # 8 off of the parkway toward Dollywood. Turn right at the 'All Season's Suites Inn' on Dollywood Lane. (If you pass Aunt Bug's cabins and car wash you have gone too far) Continue past Dollywood onto Upper Middle Creek Road 1 1/2 miles. Turn left onto Walker Trail right past Williamsburg Church (which is 4/10 of a mile past Starrcrest Resort and Timber Tops Crossing). Continue on Walker Trail until it forks onto Backhome Lane left. Property on Right.
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 2018
  • Lot Size Acres: 4.5
  • Subdivision Name: Back Home Hideaway Resub
  • Architectural Style: Cabin
  • Property Attached Yn: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Smoke Detector, Refrigerator, Microwave, Washer
  • Has Basement: Finished, Plumbed, Walkout
  • Fireplace: Yes
  • Full Bathrooms: 12
  • Half Bathrooms: 1
  • Total Bedrooms: 12
  • Fireplace Features: Stone
  • Fireplaces: 1
  • Flooring: Laminate, Vinyl
  • ResoLivingAreaSource: Owner

Exterior Features

  • Exterior Features: Patio, Pool - Swim (Ingrnd), Porch - Covered, Deck, Balcony
  • View: Mountain View
  • Construction Type: Log
  • Other Structures: Guest House

Garage/Parking

  • Attached Garage: No
  • Parking Features: RV Parking, Off-Street Parking

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 196020.0
  • Parcel #: 084M D 001.00 000
  • ResoLotSizeUnits: Acres

Rental Info

  • Available Date: 2021-07-07

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2021
Closed on
Nov 16, 2021
Sold by
Layton Carl S and Layton Debra L
Bought by
Claire Smoky Mountains Llc
Seller's Agent
Ryan Coleman
Hometown Realty, LLC
Buyer's Agent
Non Member Non Member
Non-Member Office
Sold Price
$2,000,000
Current Estimated Value
$1,437,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$562,028
Avg. Annual Appreciation
-8.13%
Original Mortgage
$1,500,000
Outstanding Balance
$1,376,391
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$61,581

Purchase Details

Closed on
Jan 31, 2005
Sold by
Johnson Reggie Ind And Aif
Bought by
Layton Carl S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
5.72%

Purchase Details

Closed on
Sep 3, 2004
Sold by
Reggie Johnson
Bought by
David Johnson

Purchase Details

Closed on
Jun 4, 2003
Sold by
Van Jeter Rodney and Van Traci
Bought by
Jeter Traci C

Purchase Details

Closed on
Feb 25, 2002
Sold by
Reggie Johnson
Bought by
Van Jeter Rodney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Interest Rate
7.02%

Purchase Details

Closed on
Aug 1, 1991
Bought by
Johnson Reggie and Johnson Regina
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
Claire Smoky Mountains Llc $2,000,000 Smoky Mountain Title
Layton Carl S $156,000 --
Layton Carl S $114,000 --
David Johnson -- --
Jeter Traci C -- --
Van Jeter Rodney $158,000 --
Johnson Reggie $22,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Claire Smoky Mountains Llc $1,500,000
Previous Owner Johnson Reggie $96,000
Previous Owner Johnson Reggie $87,300
Previous Owner Johnson Reggie $158,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2021 11/18/21 Sold $2,000,000 -- $356 / 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 $4,719 $318,840 $16,440 $302,400
2024 $4,719 $318,840 $16,440 $302,400
2023 $4,719 $318,840 $0 $0
2022 $2,949 $199,275 $10,275 $189,000
2021 $2,949 $199,275 $10,275 $189,000
2020 $1,985 $199,275 $10,275 $189,000
2019 $1,985 $106,725 $10,300 $96,425
2018 $1,730 $106,725 $10,300 $96,425
2017 $192 $106,725 $10,300 $96,425
2016 $1,096 $58,925 $10,300 $48,625
2015 -- $56,250 $0 $0
2014 $917 $56,266 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1157950

East Tennessee REALTORS® MLS

APN: 084M-D-001.00