1940 Wears Valley Rd Sevierville, TN 37862
Estimated payment $21,075/month
Total Views
89,609
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information is deemed reliable but not guaranteed. Copyright 2025 Great Smoky Mountains Association of REALTORS®. All rights reserved.
Nearby Homes
- Lot 10 Cove Creek Way
- Lot 11 Cove Creek Way
- 3230 Cove Creek Way
- 3224 Cove Creek Way
- 2002 Hidden Hollow Way
- 3110 Cove Creek Way
- Lot 22 Trace Way
- 0 Pulaski Ln Unit 1282050
- 3272 Lost Branch Rd
- Lots 28-30 Trace Way
- 0 Castle Rise Way Unit 1291432
- 0 Castle Rise Way Unit 305110
- Lot 18 Castle Rise Way
- 2206 Castle Rise Way
- 2001&1989 Penny Way
- 2001 Penny Way
- Lot 6 Pulaski Ln
- 3266 Lost Branch Rd
- 3126 Smoky Ridge Way
- 0 Windmere Way Lot Po49
- 2230 Cove Creek Dr
- 2125 Cascades Ct
- 3501 Autumn Woods Ln Unit ID1226183P
- 2209 Henderson Springs Rd Unit ID1226184P
- 532 Warbonnet Way Unit ID1022145P
- 528 Warbonnet Way Unit ID1022144P
- 404 Henderson Chapel Rd
- 852 Sweetfern Ln
- 4025 Parkway
- 4025 Parkway
- 770 Marshall Acres St
- 0 Daisy Trail
- 2139 New Era Rd
- 1430 Avery Ln
- 1260 Ski View Dr Unit 2103
- 1260 Ski View Dr Unit 3208
- 1023 Center View Rd
- 1019 Whites School Rd Unit ID1226185P
- 1131 S Fork Dr
- 903 Heiden Ct Unit ID1051660P