Seller's Agent in 2019
Jay Fradd
Smoky Mountain Real Estate Cor
(865) 809-8600
28 in this area
50 Total Sales
2675 Possum Ridge Way Sevierville, TN 37862
Estimated Value: $639,390
2
Beds
2
Baths
1,976
Sq Ft
$324/Sq Ft
Est. Value
Highlights
- Pool and Spa
- Deck
- Private Lot
- Gatlinburg Pittman High School Rated A-
- Seasonal View
- Wooded Lot
About This Home
As of July 2019Mountain Retreat is an excellent opportunity to own a high producing overnight cabin rental investment in the Smoky Mountains. Located in the peaceful Wears Valley area, the cabin is situated privately on its 0.83 acre lot. It is only a few hundred yards away from the community fishing pond and common area in Hickory Hollow. As you approach the secluded cabin you are greeted with a driveway to access either the upper main level or the lower level of the cabin. In the main level, the high quality post and beam timber frame style structure has soaring ceilings. Rare in our market is the exposed rafter timber frame style cabin with beautiful wood interior. The open concept main level features a beautiful stone fireplace with custom carved mantle. The kitchen includes beautiful cabinetry including granite counters, stacked stone backed island, and hanging pot/pan storage over the island. The family room and dining area include luxurious furniture as does the rest of the cabin. On the main level you'll also find an exquisite master suite with vaulted ceiling, deck access, and a custom log bed. It also includes a bath, conveniently located stackable washer and dryer, and very generously sized closet for a cabin rental. As you follow the stairs down to the lower level you'll see the high end theater room with 3D capability and six high quality tiered theater seats. The lower level also includes an incredibly nice wet bar with stone backed cabinetry, custom hickory barstools, antler light, and generously sized game room including a pool table. The lower level also features a bedroom and full bath. The exterior of the cabin offers privacy, a substantial amount of decking, and a private hot tub. Comcast/Xfinity is available and currently used for HVAC monitoring, security (including cameras), high speed internet, and cable TV. EXCELLENT rental income and history with 2018 gross rental income totaling $58,627 (see addendum for details).
Last Agent to Sell the Property
Smoky Mountain Real Estate Cor License #313792 Listed on: 05/22/2019
Last Buyer's Agent
EDWARD FRAZIER
NON MEMBER FIRM
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $984
Year Built
- Built in 2004
Lot Details
- 0.83 Acre Lot
- Property fronts a private road
- Property fronts a county road
- Private Lot
- Wooded Lot
Home Design
- Log Cabin
- Metal Roof
- Wood Siding
- Log Siding
Interior Spaces
- 1,976 Sq Ft Home
- Wet Bar
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Gas Log Fireplace
- Double Pane Windows
- Window Treatments
- Wood Flooring
- Seasonal Views
Kitchen
- Electric Range
- Microwave
- Dishwasher
- Solid Surface Countertops
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- Private Parking
- Driveway
- Paved Parking
Outdoor Features
- Pool and Spa
- Deck
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Well
- Septic Tank
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Association fees include insurance, roads
- Hickory Hollow HOA
- Hickory Hollow Subdivision
Listing and Financial Details
- Tax Lot 92
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 24, 2025
Sold by
Melnick Lisa C and Harrop Lisa C
Bought by
Melnick James
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Outstanding Balance
$299,822
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$348,178
Purchase Details
Listed on
May 22, 2019
Closed on
Jul 23, 2019
Sold by
Pontlitz Derek and Pontlitz Stefanie
Bought by
Melnick Lisa C and Melnick James
Seller's Agent
Jay Fradd
Smoky Mountain Real Estate Cor
Buyer's Agent
EDWARD FRAZIER
NON MEMBER FIRM
List Price
$419,000
Sold Price
$395,000
Premium/Discount to List
-$24,000
-5.73%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.33%
Original Mortgage
$314,500
Interest Rate
3.82%
Mortgage Type
New Conventional
Purchase Details
Listed on
Dec 30, 2011
Closed on
Mar 23, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Pintlitz Derek
Seller's Agent
Leslie Lamb
Crye-Leike Lakeway Real Estate
Buyer's Agent
Kris King
Your Home Sold Guaranteed Realty TN(Sevier)
List Price
$162,250
Sold Price
$142,000
Premium/Discount to List
-$20,250
-12.48%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.98%
Purchase Details
Closed on
Dec 15, 2011
Sold by
Roy Jim
Bought by
Federal Home Loan Mortgage Corporation
Purchase Details
Closed on
May 18, 2004
Sold by
Miller Gerald L
Bought by
Holt Gary B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,988
Interest Rate
5.35%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Melnick James | -- | None Listed On Document | |
| Melnick James | -- | None Listed On Document | |
| Melnick Lisa C | $395,000 | Smoky Mountain Title | |
| Pintlitz Derek | $142,000 | -- | |
| Federal Home Loan Mortgage Corporation | $215,000 | -- | |
| Holt Gary B | $220,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Melnick James | $305,000 | |
| Closed | Melnick James | $305,000 | |
| Previous Owner | Melnick Lisa C | $314,500 | |
| Previous Owner | Holt Gary B | $174,988 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/04/2019 11/04/19 | Off Market | $395,000 | -- | -- |
| 07/19/2019 07/19/19 | Sold | $395,000 | -5.7% | $200 / Sq Ft |
| 06/19/2019 06/19/19 | Pending | -- | -- | -- |
| 05/22/2019 05/22/19 | For Sale | $419,000 | +195.1% | $212 / Sq Ft |
| 06/21/2015 06/21/15 | Off Market | $142,000 | -- | -- |
| 03/23/2012 03/23/12 | Sold | $142,000 | -12.5% | $72 / Sq Ft |
| 01/18/2012 01/18/12 | Pending | -- | -- | -- |
| 12/30/2011 12/30/11 | For Sale | $162,250 | -- | $82 / Sq Ft |
Source: Great Smoky Mountains Association of REALTORS®
Tax History Compared to Growth
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 | $2,145 | $144,960 | $14,400 | $130,560 |
| 2024 | $2,145 | $144,960 | $14,400 | $130,560 |
| 2023 | $2,145 | $144,960 | $0 | $0 |
| 2022 | $1,341 | $90,600 | $9,000 | $81,600 |
| 2021 | $1,341 | $90,600 | $9,000 | $81,600 |
| 2020 | $984 | $90,600 | $9,000 | $81,600 |
| 2019 | $984 | $52,900 | $9,000 | $43,900 |
| 2018 | $984 | $52,900 | $9,000 | $43,900 |
| 2017 | $984 | $52,900 | $9,000 | $43,900 |
| 2016 | $984 | $52,900 | $9,000 | $43,900 |
| 2015 | -- | $53,775 | $0 | $0 |
| 2014 | $876 | $53,769 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jay Fradd
-
E
Buyer's Agent in 2019
EDWARD FRAZIER
NON MEMBER FIRM
-
D
Buyer's Agent in 2019
David Bryant
Eden Crest Properties, LLC
-
L
Seller's Agent in 2012
Leslie Lamb
Crye-Leike Lakeway Real Estate
-
K
Buyer's Agent in 2012
Kris King
Kings of Real Estate
Map
Source: Great Smoky Mountains Association of REALTORS®
MLS Number: 222563
APN: 123G-A-061.00
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