NOT LISTED FOR SALE

202, 204 Tunnel Ridge Dr Sevierville, TN 37876

Estimated Value: $932,000

5 Beds
4 Baths
2,176 Sq Ft
$428/Sq Ft Est. Value

Last Sold October 15, 2024

Last sale price $950,000 $437 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $5,147/month

200 Days on Market

Highlights

  • View of Trees or Woods
  • 1.08 Acre Lot
  • Wooded Lot
  • Gatlinburg Pittman High School Rated A-
  • Deck
  • 1 Fireplace

About This Home

As of October 2024

Generate A Six-Figure Income With Your Own Smoky Mountain Empire with Cash Flow: Two Fully Furnished Log Cabins and Income-Producing Paradise Awaits! NO HOA

Attention Investors and Nature Enthusiasts! Own a piece of Smoky Mountain paradise on rare-level land. Unlock the potential of these fully furnished log cabins in the heart of the Smoky Mountains. What truly distinguishes this property is its exceptional location on level land atop the smoky mountains, a rare gem amidst the area's rugged terrain. Unlike most mountain properties perched on steep slopes, 202/204 Tunnel Ridge Drive offers expansive, level homesites, providing unparalleled ease of access and limitless possibilities for enjoyment.

Level Land and Homesites:
Your Gateway to Endless Possibilities
Imagine the freedom of relaxing on a level lawn or hosting family gatherings without the constraints of uneven terrain. With ample space, you can even explore the addition of amenities such as a swimming pool, badminton court, volleyball net, or pickleball court, subject to space and local regulations. Let your imagination run wild as you customize your Smoky Mountain retreat to suit your lifestyle and preferences.

Convenience Meets Tranquility:
While boasting a Sevierville mailing address, these cabins offer more than just a scenic backdrop. Enjoy the convenience of being mere moments away from the vibrant attractions of Gatlinburg, all while basking in the serenity of your own private oasis. This unique blend of accessibility and tranquility ensures a truly unmatched living experience in the heart of the Smokies.

Don't Miss Your Chance to Embrace Level Land Living.
Say goodbye to the constraints of mountainside living and embrace the ease and potential of level land. Whether seeking a lucrative investment opportunity or a personal haven amidst nature's beauty, 202/204 Tunnel Ridge Drive offers the perfect balance of convenience, comfort, and untapped potential.

We are calling all savvy investors! Are you searching for a lucrative short-term rental property in the majestic Smoky Mountains? Look no further than 202/204 Tunnel Ridge Drive, Sevierville, TN. This remarkable offering presents a unique opportunity to own two fully furnished, turnkey log cabins perched atop a peaceful mountaintop haven.
Market & Location:

Gatlinburg Gateway: This prime location near bustling Gatlinburg and vibrant Pigeon Forge capitalizes on the unrelenting tourist demand for Smoky Mountain adventures.
Regulation Ready: Sevierville allows short-term rentals with proper licensing, ensuring a smooth path to operation.
Proven Performer: Similar properties boast exceptional occupancy rates and lucrative rental income. Imagine double the income with two separate rentals!

Property Specifics:
Ready to Rent, Right Now: Both cabins come fully furnished with everything guests need for a comfortable stay. No renovation headaches exist so that you can earn income faster than ever.

Double the Charm, Double the Guests: The duplex layout offers two unique log cabins, each fully equipped and ideal for accommodating multiple families or groups.

Peace: Nestled in a tranquil mountain setting with minimal noise concerns, your guests can unwind and enjoy a truly relaxing experience.
Financial Considerations:

Manageable Expenses: The property's size allows for cost-effective maintenance and cleaning. Plus, you can spread these costs across multiple income streams with two cabins.

Investor-Friendly Financing: Several lenders offer financing options tailored to short-term rental properties.
Solid ROI Potential: With strong rental potential, manageable expenses, and the built-in income advantage of two cabins, 202/204 Tunnel Ridge Drive promises a lucrative return on investment.

Last Agent to Sell the Property

Adrian Jackson

Abode License #285214 Listed on: 02/26/2024

Last Buyer's Agent

Tina Skaggs

Award Realty II License #259783

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,408

Year Built

  • Built in 2017

Lot Details

  • 1.08 Acre Lot
  • Irregular Lot
  • Lot Has A Rolling Slope
  • Wooded Lot

Property Views

  • Woods
  • Mountain
  • Forest
  • Seasonal

Home Design

  • Cabin

Interior Spaces

  • 2,176 Sq Ft Home
  • Wired For Data
  • 1 Fireplace
  • Vinyl Clad Windows
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association
  • Huskey Grove Subdivision

Listing and Financial Details

  • Property Available on 2/26/24
  • Assessor Parcel Number 116C A 018.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,408

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Directions: From I-40 EXIT 407 Sevierville, Pigeon Forge Gatlinburg Head south on Winfield Dunn Pkwy toward Winfield Dunn Pkwy Continue onto Winfield Dunn Pkwy Pass by Pizza Hut (on the right in 7.9 mi) Follow US-441 S/Parkway to Huskey Grove Rd. Take the Flat Branch Road/Huskey Grove Road exit from US-441 S/Parkway 20 min (9.9 mi) Continue on Huskey Grove Rd. Drive to Tunnel Ridge Dr Turn right onto Huskey Grove Rd Turn right to stay on Huskey Grove Rd Turn right onto Oakwood Dr Turn right onto Long Hollow Rd Turn right onto Tunnel Ridge Dr 35°44'44''N 83°30'59''W
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 2017
  • Lot Size Acres: 1.08
  • Lot Size: 21,43,46,70,211,103,150,287
  • Subdivision Name: Huskey Grove
  • Architectural Style: Cabin
  • Property Attached Yn: No
  • Lot Description:Rolling Slope: Yes
  • Lot Description:Wooded: Yes
  • View:Mountain View: Yes
  • View:Wooded2: Yes
  • General Property Description:Lot Size SqFt: 47045.0
  • Lot Description:Irregular Lot: Yes
  • General Property Description:Fireplace: Yes
  • General Property Description:SqFt - Main Lvl: 1196.0
  • General Property Description:SqFt - 2nd Flr Lvl: 900.0
  • General Property Description:_pound_ Fireplace: 1.0
  • General Property Description:HOA: No
  • General Property Description:Basement: No
  • General Property Description:Bonus Room: No
  • AtchdDtchd Type:Detached: Yes
  • Cooling:Central Cooling: Yes
  • Fuel:Electric: Yes
  • Heat:Central: Yes
  • Dining Area:Eat-in Kitchen: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Misc Features:Wired for Internet: Yes
  • View:Seasonal Mountain: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Smoke Detector, Washer
  • Has Basement: None
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Other
  • Fireplaces: 1
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Smoke Detector: Yes
  • Basement:None14: Yes
  • Fireplace:Other9: Yes

Exterior Features

  • Exterior Features: Windows - Vinyl, Porch - Covered, Deck
  • View: Mountain View, Wooded, Seasonal Mountain, Other
  • Lot Features: Wooded, Irregular Lot, Rolling Slope
  • Construction Type: Other
  • Exterior Features:Deck: Yes
  • Exterior Features:Porch - Covered: Yes
  • Exterior Features:Windows - Vinyl: Yes
  • Construction:Other7: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Other
  • GarageParking:Other17: Yes

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer Septic Tank: Yes
  • Water Well: Yes

Lot Info

  • Lot Size Sq Ft: 47045.0
  • Parcel #: 116C A 018.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Available Date: 2024-02-26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2024
Closed on
Oct 15, 2024
Sold by
Lloyd James David and Lloyd Emilie G
Bought by
Tunnel Ridge Llc
Seller's Agent
Adrian Jackson
Abode
Buyer's Agent
Tina Skaggs
Award Realty II
List Price
$1,190,000
Sold Price
$950,000
Premium/Discount to List
-$240,000
-20.17%
Views
56
Current Estimated Value
$932,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,000
Original Mortgage
$760,000
Outstanding Balance
$752,010
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2016
Sold by
Brown Carolyn P Estate
Bought by
Lloyd James David and Lloyd Emilie G
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
Tunnel Ridge Llc $950,000 Smoky Mountain Title
Lloyd James David $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tunnel Ridge Llc $760,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2024 10/15/24 Sold $950,000 -5.0% $437 / Sq Ft
09/14/2024 09/14/24 Pending -- -- --
06/18/2024 06/18/24 Price Changed $999,999 -8.3% $460 / Sq Ft
04/18/2024 04/18/24 Price Changed $1,090,000 -8.4% $501 / Sq Ft
02/26/2024 02/26/24 For Sale $1,190,000 -- $547 / 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 $2,408 $199,320 $12,000 $187,320
2024 $2,408 $199,320 $12,000 $187,320
2023 $2,408 $199,320 $0 $0
2022 $1,030 $69,600 $7,500 $62,100
2021 $1,030 $69,600 $7,500 $62,100
2020 $735 $69,600 $7,500 $62,100
2019 $735 $39,500 $7,500 $32,000
2018 $735 $39,500 $7,500 $32,000
2017 $140 $39,500 $7,500 $32,000
2016 $140 $7,500 $7,500 $0
2015 -- $8,450 $0 $0
2014 $138 $8,438 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1253413

East Tennessee REALTORS® MLS

APN: 116C-A-018.00