NOT LISTED FOR SALE

2440 Paradise Falls Way Sevierville, TN 37862

Estimated Value: $1,634,796

3 Beds
2 Baths
3,652 Sq Ft
$448/Sq Ft Est. Value

Last Sold June 21, 2021

Last sale price $995,000 $272 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $9,085/month

Highlights

  • View of Trees or Woods
  • 9 Acre Lot
  • Creek On Lot
  • Gatlinburg Pittman High School Rated A-
  • Deck
  • Cathedral Ceiling

About This Home

As of June 2021

WOW! UNBEATABLE OPPORTUNITY TO OWN THIS RUSTIC LOG CABIN "THE LODGE AT PARADISE FALLS" SITTING ON 9 ACRES OF YOUR OWN PRIVATE MOUNTAIN OASIS WITH ITS OWN TRAILS FOR HIKING, STREAMS & BABBLING BROOKS RUNNING BEHIND THE LODGE AND THROUGHOUT THE PROPERTY, AND ITS OWN 60' WATERFALL! This property has the "wow factor" from the inside out and is currently sleeping 11 on the overnight rental program. Income producing and has already grossed $67k from April-Dec 2021 with several dates open to book from now until the end of the year. A full year projection is $90k. Interior features include an open floorplan with spacious living room wtih soaring vaulted ceilings with a massive stone surrounded fireplace for relaxing. Fully equipped kitchen with granite countertops, stone backsplash, top of the line stainless appliances, and a custom island for additional seating. You have two bedrooms on the main level with an over the top custom bathroom with tiled and glassed in walk-in shower with custom vanity. Upstairs you will enjoy the huge open loft gameroom, and the kids bunk room/bonus room with multi arcade games and a lounging area. You will also find a second bathroom with a nice size glassed in tiled shower. Beyond the upstairs bunk room, you will find an expansive breezeway with two twin beds and walls of glass windows leading to the private Master Suite with its own living room with stone accented gas fireplace, walk in closet, daybed for additional sleeping, private balcony, and more. The custom touch throughout this property is sure to impress with the rustic modern feel with barn doors, hardwood flooring, wood ceilings, hand hewn logs, and more. Enjoy the expansive decking with hammock, rocking chairs, outdoor seating, grill, and multiple levels of decking off the back with the bubbling hot tub. Located in a private and serene setting with a firepit for sitting around and cornhole for entertaining. Plenty of room to roam and take in the "in the mountains" feel this property gives you. Also, featuring a nice covered parking area and picnic area with picnic tables to grill out creekside. Garage/workshop could be finished for more living space and is also plumbed for an additional bathroom. Located only miles from the Foothills Parkway extension. Also, a short distance to Cades Cove for sightseeing, The Great Smoky Mountains National park entrance, and Pigeon Forge for attractions and shopping/dining. There are two wells on the property, and also an area to park a RV. Buyer to honor existing bookings and rental contract wtih current rental company for 60 days from the closing date.

Last Agent to Sell the Property

Charity Brown

Tennessee Elite Realty License #296337 Listed on: 06/14/2021

Last Buyer's Agent

Tabitha Gospodinovich

RECIPROCAL OFFICE License #352610

RECIPROCAL OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,966

Year Built

  • Built in 1986

Lot Details

  • 9 Acre Lot

Parking

  • No Garage

Property Views

  • Woods
  • Forest

Home Design

  • Cabin
  • Log Siding

Interior Spaces

  • 3,652 Sq Ft Home
  • Cathedral Ceiling
  • Stone Fireplace
  • Wood Flooring
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Creek On Lot
  • Deck

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association
  • Paradise Falls Retreat Subdivision

Listing and Financial Details

  • Assessor Parcel Number 113E D 040.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,966

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Directions: Turn right onto Wears Valley Rd/US-321 S. Turn right onto Hatcher Mountain Rd. R onto Indigo Ln. Turn slight left to stay on Indigo Ln. R onto Hatcher Mountain. Stay straight to go onto Spurling Way. Turn R to stay on Spurling Way. Take the second left to stay on Spurling Way. Take the first right onto Spotted Owl Way. Property on R at the end of Spotted Fowl Way. See sign.
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 1986
  • Lot Size Acres: 9.0
  • Subdivision Name: Paradise Falls Retreat
  • Architectural Style: Cabin
  • Property Attached Yn: No
  • View:Wooded2: Yes
  • General Property Description:Fireplace: Yes
  • General Property Description:SqFt - Main Lvl: 3652.0
  • 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
  • Floors:Hardwood: Yes
  • Fuel:Electric: Yes
  • Heat:Central: Yes
  • Appliances Microwave: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Lot Description:Creek: Yes
  • Misc Features:Cathedral Ceiling: Yes
  • Special Features: None

Interior Features

  • Appliances: Disposal, Dryer, Smoke Detector, Microwave, Washer
  • Has Basement: Crawl Space
  • Fireplace: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Stone
  • Fireplaces: 1
  • Flooring: Hardwood
  • ResoLivingAreaSource: Plans
  • Basement:Crawl Space: Yes
  • Appliances Range: Yes
  • Appliances:Smoke Detector: Yes
  • Fireplace:Stone2: Yes

Exterior Features

  • Exterior Features: Deck
  • View: Wooded
  • Lot Features: Creek
  • Exterior Features:Deck: Yes
  • Construction:Log: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: None
  • GarageParking:None18: Yes

Utilities

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

Lot Info

  • Lot Size Sq Ft: 392040.0
  • Parcel #: 113E D 040.00
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2023
Sold by
Bear Camp Cabin Rentals Llc
Bought by
2440 Paradise Falls Way Llc
Current Estimated Value
$1,634,796

Purchase Details

Closed on
Dec 29, 2022
Sold by
Bear Camp Cabin Rentals Llc
Bought by
2440 Paradise Falls Way Llc

Purchase Details

Listed on
Jun 14, 2021
Closed on
Jun 21, 2021
Sold by
Brock Kendra Shannon
Bought by
Bear Camp Cabin Rentals Llc
Seller's Agent
Charity Brown
Tennessee Elite Realty
Buyer's Agent
Tabitha Gospodinovich
RECIPROCAL OFFICE
Sold Price
$995,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.42%

Purchase Details

Closed on
Mar 17, 2021
Sold by
Brock Edson
Bought by
Brock Kendra Shannon

Purchase Details

Closed on
Mar 14, 2008
Sold by
Melbardis Eric J
Bought by
Edson Brock

Purchase Details

Closed on
Mar 10, 2008
Bought by
Brock Edson and Brock Kendra S

Purchase Details

Closed on
Nov 10, 1999
Sold by
Halperin James H
Bought by
Etal Melbardis Eric J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.94%
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
2440 Paradise Falls Way Llc -- --
2440 Paradise Falls Way Llc -- --
Bear Camp Cabin Rentals Llc $995,000 Smoky Mountain Title
Brock Kendra Shannon -- None Available
Edson Brock $407,600 --
Brock Edson $387,200 --
Etal Melbardis Eric J $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bear Camp Cabin Rentals Llc $500,000
Previous Owner Brock Edson $320,000
Previous Owner Brock Edson $301,500
Previous Owner Melbardis Eric J $50,000
Previous Owner Melbardis Eric J $200,000
Previous Owner Melbardis Eric J $195,500
Previous Owner Melbardis Eric J $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2021 10/18/21 Off Market $995,000 -- --
06/21/2021 06/21/21 Sold $995,000 0.0% $272 / Sq Ft
06/21/2021 06/21/21 Sold $995,000 0.0% $272 / Sq Ft
06/14/2021 06/14/21 Pending -- -- --
06/04/2021 06/04/21 For Sale $995,000 -- $272 / 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 $2,966 $229,120 $20,000 $209,120
2024 $2,966 $200,400 $20,000 $180,400
2023 $2,966 $200,400 $0 $0
2022 $1,854 $125,250 $12,500 $112,750
2021 $1,356 $125,250 $12,500 $112,750
2020 $1,164 $91,650 $12,500 $79,150
2019 $1,164 $62,600 $12,500 $50,100
2018 $1,164 $62,600 $12,500 $50,100
2017 $1,164 $62,600 $12,500 $50,100
2016 $1,164 $62,600 $12,500 $50,100
2015 -- $65,825 $0 $0
2014 $1,073 $65,830 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1156529

East Tennessee REALTORS® MLS

APN: 113E-D-040.00