1940 Wears Valley Rd Sevierville, TN 37862
Estimated payment $21,095/month
Total Views
89,085
7
Beds
16
Baths
10,578
Sq Ft
$349
Price per Sq Ft
Highlights
- 20.6 Acre Lot
- Chalet
- Cathedral Ceiling
- Gatlinburg Pittman High School Rated A-
- Deck
- Wood Flooring
About This Home
MOTIVATED SELLER!!! PRIME INVESTMENT OPPORTUNITY!! OWN YOUR OWN TURNKEY CABIN DEVELOPMENT SURROUNDED BY A RUSHING MOUNTAIN STREAM (COVE CREEK) WITH 5 LUXURY INCOME PRODUCING SHORT TERM RENTAL CABINS BEING SOLD FULLY FURNISHED SITTING ON 20.60 ACRES IN THE PIGEON FORGE, TN AREA WITH ROOM TO EXPAND AND BUILD ADDITIONAL CABINS! GROSS INCOME FOR 2021 WAS $374,989. Two additional build sites that had cabins ready to rebuild already have septic and potential of 8 additional build sites on the additional acreage! You can't beat this location only minutes to Pigeon Forge attractions, Dollywood, Gatlinburg, and the Smoky Mountains National Park. Easy access location NO STEEP ROADS and highly visible location. Fronts Wears Valley Rd. with its own private road into the development. Enjoy the picturesque setting and chance to develop and have a portfolio of approx. 15+ cabins! Nicely paved roads to access. The possibilities are endless- the sky is the limit! Must see! **Cabins are currently being rented on the overnight rental program as follows: 1BR, 3BR, 7BR, 4BR, and 3BR.***CHECK OUT THE VIDEO TOUR TO SEE THE PROPERTY BY DRONE!***
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,894
Year Built
- Built in 1968
Lot Details
- 20.6 Acre Lot
- Property is zoned R1
Parking
- 1 Car Garage
- Garage on Main Level
Home Design
- Chalet
- Log Cabin
- Frame Construction
- Log Siding
- Lead Paint Disclosure
Interior Spaces
- 10,578 Sq Ft Home
- 2-Story Property
- Cathedral Ceiling
- 1 Fireplace
- Open Floorplan
- Finished Basement
- Walk-Out Basement
Kitchen
- Self-Cleaning Oven
- Electric Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
- Covered patio or porch
- Gazebo
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Well
- Septic Tank
- High Speed Internet
- Phone Available
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot TR-2
- Assessor Parcel Number 104 010.00
Map
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Home Values in the Area
Average Home Value in this Area
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 | $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 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/04/2025 03/04/25 | For Sale | $3,689,900 | +207.5% | $349 / Sq Ft |
| 12/13/2018 12/13/18 | Off Market | $1,200,000 | -- | -- |
| 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 |
Source: Great Smoky Mountains Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Smoky Mountain Title | |
| Warranty Deed | $1,200,000 | None Available | |
| Deed | $642,500 | -- | |
| Deed | -- | -- | |
| Deed | $53,000 | -- | |
| Warranty Deed | $50,000 | -- | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $600,000 | No Value Available | |
| Previous Owner | $397,000 | No Value Available | |
| Previous Owner | $178,100 | No Value Available |
Source: Public Records
About the Listing Agent
Charity's Other Listings
Source: Great Smoky Mountains Association of REALTORS®
MLS Number: 305235
APN: 104-010.00
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