$4,430,000
SOLD OCT 28, 2022

2570 Herb Ownby Way Sevierville, TN 37862

142 Acres
$31,110 Price per Acre
6,202,944 Sq Ft Lot

Recently Sold

$3,516 Per Sq Ft

2% Below List Price

Highlights

  • Barn
  • 142.4 Acre Lot
  • Wooded Lot
  • Gatlinburg Pittman High School Rated A-
  • Mountain View
  • No HOA

About This Lot

As of October 2022

142 acres of beautiful rolling land with fantastic views of Cove Mountain and Wears Valley. Excellent location for family farm or subdivision on the Pigeon Forge side of Wears Valley. 750 feet of frontage on Valley View Road plus another 330 feet on Little Cove Road. Public water available at Little Cove Rd. Pristine Cove Creek plus several feeder streams on the property with only a small portion of the property in floodplain. Preliminary development plans for 80 unit subdivision available. Approximately 80 acres pasture and 60 acres wooded. Several houses and barns on the property that may, or may not, be salvageable. Some of the photos were shot from a Drone.

Last Agent to Sell the Property

David Connors

Re/Max First License #315478 Listed on: 07/16/2022

Re/Max First

Last Buyer's Agent

Charlene Dodson

MG Rise Real Estate Group License #357564

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $595

Lot Details

  • 142.4 Acre Lot
  • Home fronts a stream
  • Property fronts a county road
  • Lot Has A Rolling Slope
  • Cleared Lot
  • Wooded Lot

Utilities

  • Well
  • Septic Needed
  • Septic Permit Required
  • High Speed Internet

Additional Features

  • Mountain Views
  • In Flood Plain
  • Barn

Listing and Financial Details

  • Tax Lot 809.02/2
  • Assessor Parcel Number 114 061.00

Community Details

Overview

  • No Home Owners Association

Recreation

  • Outbuilding

Property Details

Property Type

Land

Est. Annual Taxes

$595

Lot Details

0

Listing Details

  • Property Type: Land
  • Zoning: R-1
  • Reso Property Sub Type: Farm
  • ResoLotFeatures: Cleared, Flood Plains, Rolling Slope, Wooded
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Reso View: Mountain(s)
  • Co List Office Mls Id: 169
  • Subdivision Name: Other
  • Reso Other Structures: Barn(s), Outbuilding
  • Location Tax and Legal Parcel Number2: 114 061.00
  • Location Tax and Legal Tax Lot2: 809.02/2
  • Location Tax and Legal:Tax Annual Amount: 594.59
  • Location Tax and Legal Tax Year2: 2021
  • General Property Information Lot Size Acres: 142.4
  • General Property Information View YN2: Yes
  • Land Features View Mountains: Yes
  • Water Source:Public: Yes
  • Road Frontage Type County Road: Yes
  • Sewer Septic Needed: Yes
  • Water Source:Well: Yes
  • Other Structures:Outbuilding: Yes
  • Utilities:High Speed Internet Available: Yes
  • Septic ApprovedPermit None24: Yes
  • Other Structures:Barn(s): Yes
  • Lot Features Flood Plains: Yes
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Street Number Modifier: 2570
  • Possible Use: Manufactured Home, Single Family

Exterior Features

  • Acres: 142.4
  • View: Yes
  • Waterfront Features: Creek, Stream
  • Waterfront: Yes
  • Lot Features:Wooded: Yes
  • Lot Features:Rolling Slope: Yes
  • Lot Features:Cleared: Yes
  • Waterfront Features:Creek: Yes
  • Waterfront Features:Stream: Yes

Utilities

  • Sewer: Septic Needed
  • Utilities: High Speed Internet Available
  • Water Source: Public, Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 6202944.0
  • ResoLotSizeUnits: Acres
  • Pasture Area: 80.0
  • Wooded Area: 62.0
  • Parcel #: 114 061.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 594.59
  • Tax Lot: 809.02/2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2022
Closed on
Oct 25, 2022
Sold by
Wu Ventures I Llc
Bought by
Summit Equities Llc
Seller's Agent
David Connors
Re/Max First
Buyer's Agent
Charlene Dodson
MG Rise Real Estate Group
List Price
$4,500,000
Sold Price
$4,430,000
Premium/Discount to List
-$70,000
-1.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.71%
Original Mortgage
$2,494,100
Outstanding Balance
$2,326,448
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$2,017,665

Purchase Details

Listed on
May 19, 2021
Closed on
Aug 30, 2021
Sold by
Proffitt Billy
Bought by
Wu Ventures I Llc
Seller's Agent
Steve Lane
Keller Williams Smoky Mountain
Buyer's Agent
Gabriel Hacman
CURB Realty
List Price
$3,350,000
Sold Price
$3,000,000
Premium/Discount to List
-$350,000
-10.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.94%
Original Mortgage
$2,250,000
Interest Rate
2.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 12, 1998
Sold by
Herbert Ownby
Bought by
Billy Proffitt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,004,250
Interest Rate
6.86%

Purchase Details

Closed on
Apr 30, 1985
Bought by
Ownby Herbert and Ownby Ruby
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $4,430,000 Tennessee Land Title
Warranty Deed $3,000,000 Smoky Mountain Title
Deed $1,545,000 --
Warranty Deed $500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,494,100 New Conventional
Previous Owner $2,250,000 Commercial
Previous Owner $120,000 No Value Available
Previous Owner $1,004,250 No Value Available
Previous Owner $15,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2025 06/09/25 Price Changed $4,750,000 -3.6% --
06/02/2025 06/02/25 Price Changed $4,925,000 -0.5% --
04/24/2025 04/24/25 Price Changed $4,950,000 -0.5% --
04/03/2025 04/03/25 Price Changed $4,975,000 -0.4% --
03/13/2025 03/13/25 Price Changed $4,995,000 -9.2% --
01/09/2025 01/09/25 For Sale $5,500,000 +24.2% --
01/26/2023 01/26/23 Off Market $4,430,000 -- --
10/28/2022 10/28/22 Sold $4,430,000 -1.6% $3,516 / Sq Ft
07/20/2022 07/20/22 Pending -- -- --
07/20/2022 07/20/22 For Sale $4,500,000 +50.0% $3,571 / Sq Ft
11/29/2021 11/29/21 Off Market $3,000,000 -- --
08/31/2021 08/31/21 Sold $3,000,000 -10.4% $2,381 / Sq Ft
06/04/2021 06/04/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $3,350,000 -- $2,659 / Sq Ft
Source: Great Smoky Mountains Association of REALTORS®

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
2024 $3,853 $260,350 $260,350 --
2023 $3,853 $260,350 $0 $0
2022 $595 $40,175 $40,175 $0
2021 $595 $40,175 $40,175 $0
2020 $706 $40,175 $40,175 $0
2019 $706 $37,950 $37,950 $0
2018 $706 $37,950 $37,950 $0
2017 $706 $37,950 $37,950 $0
2016 $948 $50,950 $44,850 $6,100
2015 -- $0 $0 $0
2014 $755 $46,343 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 251951

Great Smoky Mountains Association of REALTORS®

APN: 114-061.00