1940 Wears Valley Rd Sevierville, TN 37862
Estimated Value: $3,422,613
Highlights
- 20 Acre Lot
- Deck
- 7 Fireplaces
- Gatlinburg Pittman High School Rated A-
- Wooded Lot
- Great Room
About This Home
As of September 2017Fantastic investment opportunity! Private, unique retreat on a crystal clean mountain stream. Seven cabins on 20 forested acres, with proven rental income just minutes from the main Parkway in the middle of Pigeon Forge. (1.) ''Nikhia's Loft'' is a 1BR ''honeymoon cabin'' w/ $26k rentals for 2016. (2.) ''Nature's Dream'' is a 3BR (plus loft), sleeps 10, w/ $44k rentals for 2016. (3.) ''Rolling Creek'' is a 2BR, sleeps 4, w/ $34k rentals for 2016. (4.) ''On the Creek'' is a 7BR, sleeps 17, w/ $87k rentals for 2016. (5.) ''Hillside Haven'', built in 2008, is a 3BR, sleeps 12, w/ $52K rentals for 2016. (6.) ''Whispering Brook'' is currently leased to the caretaker for the property for $500 per month. (7.) ''Secret Hideaway'' is the personal cabin used by the owners. It's a 4BR and rental market. Some cabins are located on the stream while others have a view of the stream. It is a beautiful, pristine, stream with rock outcroppings perfect for picnics. The sounds of the rushing water will lull you to sleep and the gazebo next to the stream has been the site for many romantic weddings. Whether you are looking for a family retreat or retirement income, check out this unique income producing property. The newest cabin was built in 2008. Other cabins were built prior to that. More photos and video coming soon.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,301
Year Built
- Built in 1960
Lot Details
- 20 Acre Lot
- Level Lot
- Wooded Lot
Home Design
- Log Siding
Interior Spaces
- 8,044 Sq Ft Home
- Property has 3 Levels
- Ceiling Fan
- 7 Fireplaces
- Great Room
- Crawl Space
- Fire and Smoke Detector
- Washer
- Property Views
Kitchen
- Oven or Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 7 Bedrooms
Outdoor Features
- Deck
- Patio
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating
- Heating System Uses Natural Gas
- Heat Pump System
Listing and Financial Details
- Tax Lot Tr-2
- Assessor Parcel Number 104 01000 000
Ownership History
Purchase Details
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Purchase Details
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Affairs By Closman Llc | -- | Smoky Mountain Title | |
| Southeastern 1031 Services Inc | $1,200,000 | None Available | |
| Wears Valley Creekside Cabins | $642,500 | -- | |
| Quick Roberta J | -- | -- | |
| Brown & Brown General Cont | $53,000 | -- | |
| Quick James | $50,000 | -- | |
| Byle Sally | -- | -- |
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Wears Valley Creekside Cabins | $600,000 | |
| Previous Owner | Byle Sally | $397,000 | |
| Previous Owner | Quick James N | $178,100 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/14/2017 09/14/17 | Sold | $1,200,000 | -27.3% | $149 / Sq Ft |
| 08/20/2017 08/20/17 | Pending | -- | -- | -- |
| 05/26/2017 05/26/17 | For Sale | $1,650,000 | -- | $205 / Sq Ft |
Tax History Compared to Growth
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 | $7,894 | $533,400 | $62,200 | $471,200 |
| 2024 | $7,894 | $533,400 | $62,200 | $471,200 |
| 2023 | $7,894 | $533,400 | $0 | $0 |
| 2022 | $5,167 | $349,100 | $38,875 | $310,225 |
| 2021 | $5,967 | $349,100 | $38,875 | $310,225 |
| 2020 | $4,301 | $403,200 | $38,875 | $364,325 |
| 2019 | $4,301 | $231,225 | $39,600 | $191,625 |
| 2018 | $4,301 | $231,225 | $39,600 | $191,625 |
| 2017 | $4,301 | $231,225 | $39,600 | $191,625 |
| 2016 | $4,301 | $231,225 | $39,600 | $191,625 |
| 2015 | -- | $231,900 | $0 | $0 |
| 2014 | $3,780 | $231,911 | $0 | $0 |
Map
Source: Realtracs
MLS Number: 2968828
APN: 104-010.00
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