$3,689,900

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!***

Listing Agent

Charity Brown

Tennessee Elite Realty License #296337 Listed on: 05/16/2025

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,894

Year Built

Built in 1968

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1968
  • Zoning: R1
  • Reso Property Sub Type: Single Family Residence
  • Co List Office Mls Id: 609
  • Subdivision Name: Other
  • Above Grade Finished Sq Ft: 10578.0
  • Architectural Style: Cabin, Chalet, Log
  • Fireplace: Yes
  • Reso Flooring: Carpet, Hardwood, Tile
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Other Structures: Gazebo
  • Location Tax and Legal New Construction YN: No
  • Location Tax and Legal Parcel Number2: 104 010.00
  • Location Tax and Legal Tax Lot2: TR-2
  • Location Tax and Legal:Tax Annual Amount: 7894.32
  • Location Tax and Legal Tax Year2: 2024
  • General Property Information Lot Size Acres: 20.6
  • General Property Information Above Grade Finished Area: 10578.0
  • General Property Information:Bathrooms Half: 3
  • General Property Information Bonus Room YN2: No
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Architectural Style Cabin2: Yes
  • Architectural Style Log2: Yes
  • Cooling:Central Air: Yes
  • Levels:Two: Yes
  • Architectural Style Chalet: Yes
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Utilities Phone Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Water Source:Well: Yes
  • General Property Information:Stories Total: 2
  • General Property Information Fireplace YN: Yes
  • Interior Features KitchenDining Combo: Yes
  • Interior Features LivingDining Combo: Yes
  • Flooring:Carpet: Yes
  • Flooring Tile: Yes
  • Flooring:Hardwood: Yes
  • Utilities:High Speed Internet Available: Yes
  • Parking Features Main Level Garage: Yes
  • Other Structures Gazebo: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Basement: Finished, Walk-Out Access
  • Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: Cathedral Ceiling(s), Kitchen/Dining Combo, Living/Dining Combo
  • Street Number Modifier: 1940
  • Full Bathrooms: 13
  • Half Bathrooms: 3
  • Total Bedrooms: 7
  • Fireplace Features: Other
  • Fireplaces: 1
  • Stories: 2
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Basement Finished: Yes
  • Basement:Walk-Out Access: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 20.6
  • Disclosures: Seller Disclosure, Lead Based Paint
  • Construction Type: Frame, Log
  • Patio And Porch Features: Covered, Deck, Porch
  • Construction Materials:Log: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Frame: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Main Level Garage
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0

Utilities

  • Cooling: Central Air
  • Heating: Central, Heat Pump
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Central: Yes
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 897336.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 104 010.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7894.32
  • Tax Lot: TR-2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $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 Brown

Tennessee Elite Realty

(865) 351-3097

Section Image

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    • 16 Baths
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    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

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  • 1094 Sharp Hollow Rd, Sevierville, TN 37862

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  • 2814 Seth Rd Unit 1-3, Pigeon Forge, TN 37863

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Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 305235

Great Smoky Mountains Association of REALTORS®

APN: 104-010.00