NOT LISTED FOR SALE

202 Spring Valley Rd Sevierville, TN 37863

-- Bed
-- Bath
11,036 Sq Ft
0.5 Acres

Last Sold October 31, 2024

Last sale price $1,600,000 $145 Per Sq Ft

4 Days on Market

Highlights

  • Zoned Heating and Cooling System
  • Gatlinburg Pittman High School Rated A-
  • Carpet

About This Home

As of October 2024

Worried about your financial future? Don't trust ss, economy? What about buying a 16 unit complex in 3 buildings that have been there for awhile and live in one unit and manage the rest. There are 3 bldgs, & one resident has been there 20 years. First bldg (#221) has 6 one bdr apts Each unit has it's own Central h/a, utility rooms, kitchen appliances,this is only bldg where city water/sewer paid by selller. Built in 1983 by Mr. Whaley who was a builder. 2nd bldg ( 231) was built in 1990 has 6 one bdr apts. These units do not have utility rooms. Tenant pays for wat/sewer, electricity. Last Bldg (#235) has 4 two bdr units. First two bldgs just got the railings stained, first building just got new roof. 4 units have been remodeled with lpv & new paint. One unit was not painted but had lpv put down. Rest are in carpet. They get upgraded when someone moves out, but most never leave. Rent has been very cheap for long time. The trust was then distributed & seller has owned it since 12-29-22 & is trying to get rents up to where they should be & increases them when leases are up by at least $100.Goal is to get all 1 bdr to $900 & $1200 for 2 bdr. The rooms are good size and all 3 bldgs are two levels. The location is wonderful for people that like to walk to work, or don't have care. Would be great for one of the big amusement owners to buy this for their employees! Owner supply mini blinds for the units. 16 units in all. First Two Buildings the upstairs railings just got stained. bldg 235 just got new roof.

Last Listed By

Karen Whitlock

Karen Whitlock Realty License #216893 Listed on: 09/23/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $396

Year Built

  • Built in 1983

Lot Details

  • 0.5

Home Design

  • 11,036 Sq Ft Home
  • Block Foundation
  • Frame Construction
  • Composition Roof

Kitchen

  • Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Parking

  • Gravel Driveway
  • On-Site Parking

Schools

  • Pigeon Forge Elementary And Middle School
  • Pigeon Forge High School

Additional Features

  • 0.5 Acre Lot
  • Zoned Heating and Cooling System

Community Details

  • 16 Units

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 095 048.01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$396

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Directions: coming from Gatlinburg, right before leaving the spur and entering Pigeon Forge look on your right for sign saying Spring Valley Rd. if your coming from Pigeon Forge you'll have to go into spur take first bridge to other side then come on down to Spring Valley Rd on right before you enter Pigeon Forge
  • Prop. Type: Multi-Family
  • Year Built: 1983
  • Lot Size Acres: 0.5
  • Lot Size: .50
  • Subdivision Name: other
  • General Property Description:Lot Size SqFt: 21712.0
  • Cooling:Central Cooling: Yes
  • Floors:Carpet: Yes
  • Fuel:Electric: Yes
  • Heat:Central: Yes
  • Appliances Refrigerators: Yes
  • Floors:Laminate: Yes
  • General Property Description:New Construction: Under Roof
  • General Property Description:Driveway: gravel
  • Roof:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range, Refrigerator
  • Owner Pays: Trash Collection
  • Flooring: Laminate, Carpet
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Other Rooms:Other27: Yes

Exterior Features

  • Construction Type: Block, Frame
  • Construction:Frame: Yes
  • Construction:Block2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Premise Parking
  • GarageParking:On Premise Parking: Yes

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Schools

  • Elementary School: Pigeon Forge
  • High School: Pigeon Forge
  • Middle Or Junior School: Pigeon Forge

Lot Info

  • Lot Size Sq Ft: 21712.0
  • Parcel #: 095 048.01
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 16
  • Annual Gross Income: 159300.0

Tax Info

  • Tax Annual Amount: 396.28
  • Tax Block: -

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
10/31/2024 10/31/24 Sold $1,600,000 0.0% $145 / Sq Ft
09/27/2024 09/27/24 Pending -- -- --
09/23/2024 09/23/24 For Sale $1,600,000 -- $145 / Sq Ft
Source: East Tennessee REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2024

    Karen Whitlock

    Karen Whitlock Realty

    (865) 591-0309

    131 Total Sales

    Karen Whitlock
    Section Image
  • Michael Cole

    Buyer's Agent in 2024

    Michael Cole

    Kings of Real Estate

    (865) 314-5881

    142 Total Sales

    Michael Cole
    Section Image
See All Agents

Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1277412

East Tennessee REALTORS® MLS

Tennessee Sevier County Sevierville 37863

202 Spring Valley Rd, Sevierville, TN

Homes for Sale in Sevierville, TN

This home is located at 202 Spring Valley Rd, Sevierville, TN 37863 since 23 September 2024. This property was built in 1983. 202 Spring Valley Rd is a home located in Sevier County with nearby schools including Catons Chapel Elementary School, Northview Elementary School, and Jones Cove Elementary School.

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.

East Tennessee REALTORS® MLS 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. Information is deemed reliable but not guaranteed.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.